Director Of Fund Accounting

Job description

Newly created role due to succession planning with growth to become CFO of multibillion dollar real estate development firm. This position is highly visible and will ultimately work with the CEO on development and acquisition projects.

This company has a very generous compensation package including several bonus programs.

Position Summary:

The ideal candidate will be responsible for the supervision and review all accounting and tax functions for a minimum of two closed-end Fund entities with a focus on strategic planning, tax compliance, especially relating to distributions to investors from capital events such as a sale or refinance. The day to day responsibilities include managing a third party fund administrator who is responsible for the day to day accounting, reviewing monthly and quarterly results for properties owned by the Funds, coordinate and review the quarterly valuation process, review and send out capital calls, cash flow analysis, review management fee calculations, weighted average capital calculations, tracking preferred returns, determining distributions, tracking placement fee payments, managing the annual audits, managing the annual tax returns preparation process, and sending out quarterly capital statements to investors. Further, the right candidate will be responsible for interacting with investors including preparation of investor reports, answering investor questions and on an annual basis, coordinating the distribution of K-1’s and answering investor tax questions

Education:

· Bachelor’s and/or master’s degree in business administration with an emphasis in accounting.

· C.P.A. license required.

Experience:

· Eight plus years of experience in the accounting and finance with real estate experience, preferably in the multifamily property industry

· A minimum of four of the eight plus years of experience must be with Real Estate Funds, Fund Administration, Fund structures, Fund reporting, and investor relations.

· Understand GAAP financial reporting and the significance of each financial statement.

· Understand accounting and reporting to investors in Funds.

· Strong knowledge of GAAP investment accounting and reporting, fair value reporting, and modified cash basis accounting

· Experience reviewing and interpreting legal documents including LP agreements, tax structuring, etc.... Reading and interpreting partnership agreements, promotes/waterfalls, and debt agreements.

· Experience with tax structuring including REITs, US and Cayman Blocker entities, foreign investors and related FIRPTA tax issues.

· Experience in both the private and public accounting sectors is preferred.

· Experience with Juniper Square reporting and investor portal is preferred.