Fund Accountant

Overview We are seeking an experienced and highly motivated Fund Accountant to join our finance team, focusing specifically on our portfolio of real estate private equity funds. The ideal candidate will have 2-5 years of relevant experience, a strong understanding of real estate accounting principles (GAAP/IFRS), and excellent analytical skills. This role is crucial in ensuring the accurate and timely financial reporting, investor reporting, and fund administration for a complex and growing fund structure.

Key Responsibilities 1. Fund Accounting and Reporting

Prepare and review

monthly, quarterly, and annual financial statements for real estate funds and their underlying investment vehicles (e.g., SPVs, blocker corporations) in accordance with

GAAP or IFRS .

Perform

daily and monthly reconciliations

of fund bank accounts, investment activity, and general ledger balances.

Manage the full cycle of real estate investment accounting, including:

Acquisition/Disposition

accounting (e.g., purchase price allocations).

Investment valuations

and recording of fair value adjustments.

Tracking and reporting of

property-level operating results

and capital expenditures.

Coordinate the year‑end audit process

with external auditors, providing PBC (Prepared By Client) schedules and detailed support.

2. Investor and Performance Reporting

Calculate and track fund

performance metrics , including

IRR

(Internal Rate of Return),

Multiples of Invested Capital (MOIC) , and

Time‑Weighted Returns .

Prepare and disseminate

quarterly investor reporting packages

(capital statements, financial summaries, and performance slides).

Process and record capital activity, including

capital calls

(subscriptions) and

distributions

(redemptions), ensuring compliance with partnership agreements.

3. Treasury and Cash Management

Manage fund cash balances and facilitate the

movement of funds

for investment purchases, operational expenses, and distributions.

Monitor and forecast

fund cash flows, anticipating future capital needs or excess cash available for distribution.

4. Tax and Compliance

Assist in the preparation and review of

tax workpapers

for K-1 and tax return preparation, working closely with external tax advisors.

Ensure the fund operates in compliance with the provisions of the

Limited Partnership Agreement (LPA)

and all regulatory requirements.

Qualifications and Skills Required

2-5 years of experience

in fund accounting, with a

specific focus on real estate private equity funds

or public real estate (REITs).

Bachelor's degree in Accounting, Finance, or a related field.

Strong working knowledge of

US GAAP and/or IFRS , particularly as it relates to investment/fair value accounting.

Proficiency in financial software and general ledger systems (e.g., Yardi, Investran, Geneva).

Advanced

Microsoft Excel

skills (pivot tables, complex formulas, lookup functions).

Preferred

CPA designation or progress towards CPA a plus.

Experience with complex partnership allocations (waterfall calculations, carried interest).

Familiarity with various real estate asset classes (e.g., office, industrial, multi‑family, development).

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