1 Seed Partners
1 week ago Be among the first 25 applicants
Get AI-powered advice on this job and more exclusive features.
1 Seed Partners LLC – Senior Accounting Associate
Company Overview 1 Seed Partners LLC is a private equity real estate firm that specializes in making seed investments in small and early-stage real estate firms in exchange for a GP stake within those firms. We provide superior investment solutions to our investors by delivering exceptional returns across diversified real estate sectors which are innovatively structured to provide GP economics. We are committed to fostering a collaborative and dynamic work environment that promotes professional growth and innovation.
Position Overview We are seeking a highly motivated and detail-oriented Senior Accounting Associate to join our finance team. The Senior Accounting Associate will play a crucial role in managing the day-to-day accounting and reporting for our real estate investment portfolio. The ideal candidate will have strong accounting skills and an understanding of private equity real estate.
Key Responsibilities
Work closely with our fund administrator on the day-to-day accounting and administration of the fund including the production of capital calls and distributions to investors.
Collaborate with fund administrator and 1SP team to produce accurate and timely investor reporting related to investments in underlying real estate-related firms’ funds.
Review quarterly financial statement workpapers, including trial balance, general ledger, and supporting schedules, prepared by fund administrator.
Calculate investment and fund performance metrics including gross and net IRRs and multiples.
Work closely with the investments team to support the underlying investment process
Work closely with underlying investment partners to ensure proper accounting treatment and financial reporting, as well as to ensure accuracy of capital activity between the underlying investments and our fund.
Work with the auditors and fund administrator during the annual audit, as well as the tax preparation process with external providers.
Ensure compliance with fund reporting regulations and standards.
Prepare and monitor fund-level expenses and vendor payments.
Qualifications & Skills
Bachelor’s degree in Accounting, Finance, or related field.
Minimum of 4 years of fund accounting experience, ideally within the real estate sector.
Understanding of fund accounting, financial analysis, and reporting standards.
Ability to work collaboratively in a team-oriented environment.
Willingness to learn complexities of fund structures and investor reporting requirements.
Attention to detail with focus on accuracy and timeliness.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Referrals increase your chances of interviewing at 1 Seed Partners by 2x
Oak Brook, IL $65,000 - $75,000 2 weeks ago
Wheeling, IL $77,000 - $120,000 1 month ago
Greater Chicago Area $95,000 - $109,000 1 week ago
Chicago, IL $100,000 - $125,000 2 days ago
Chicago, IL $100,000 - $115,000 1 week ago
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr
Get AI-powered advice on this job and more exclusive features.
1 Seed Partners LLC – Senior Accounting Associate
Company Overview 1 Seed Partners LLC is a private equity real estate firm that specializes in making seed investments in small and early-stage real estate firms in exchange for a GP stake within those firms. We provide superior investment solutions to our investors by delivering exceptional returns across diversified real estate sectors which are innovatively structured to provide GP economics. We are committed to fostering a collaborative and dynamic work environment that promotes professional growth and innovation.
Position Overview We are seeking a highly motivated and detail-oriented Senior Accounting Associate to join our finance team. The Senior Accounting Associate will play a crucial role in managing the day-to-day accounting and reporting for our real estate investment portfolio. The ideal candidate will have strong accounting skills and an understanding of private equity real estate.
Key Responsibilities
Work closely with our fund administrator on the day-to-day accounting and administration of the fund including the production of capital calls and distributions to investors.
Collaborate with fund administrator and 1SP team to produce accurate and timely investor reporting related to investments in underlying real estate-related firms’ funds.
Review quarterly financial statement workpapers, including trial balance, general ledger, and supporting schedules, prepared by fund administrator.
Calculate investment and fund performance metrics including gross and net IRRs and multiples.
Work closely with the investments team to support the underlying investment process
Work closely with underlying investment partners to ensure proper accounting treatment and financial reporting, as well as to ensure accuracy of capital activity between the underlying investments and our fund.
Work with the auditors and fund administrator during the annual audit, as well as the tax preparation process with external providers.
Ensure compliance with fund reporting regulations and standards.
Prepare and monitor fund-level expenses and vendor payments.
Qualifications & Skills
Bachelor’s degree in Accounting, Finance, or related field.
Minimum of 4 years of fund accounting experience, ideally within the real estate sector.
Understanding of fund accounting, financial analysis, and reporting standards.
Ability to work collaboratively in a team-oriented environment.
Willingness to learn complexities of fund structures and investor reporting requirements.
Attention to detail with focus on accuracy and timeliness.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Referrals increase your chances of interviewing at 1 Seed Partners by 2x
Oak Brook, IL $65,000 - $75,000 2 weeks ago
Wheeling, IL $77,000 - $120,000 1 month ago
Greater Chicago Area $95,000 - $109,000 1 week ago
Chicago, IL $100,000 - $125,000 2 days ago
Chicago, IL $100,000 - $115,000 1 week ago
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr