REIT Fund Accounting AVP / VP

This opportunity requires developing an in-depth knowledge of the real estate industry and excellent technical ability. The position is responsible for ensuring the financial integrity and timely reporting of equity real estate, including funds, property, asset, joint venture, debt compliance, GIPs, NCREIF and investor account financials.

Responsibilities:

• Ensures accurate and timely financial information is provided, as necessary, to internal management, external auditors, internal auditors, and external clients
• Reviews and maintains quarterly valuation changes; calculates asset management fee and net asset value, as necessary
• Reconciliation between custodian banks and accounts, pricing, real estate reporting to the clients, appraisal adjustments and is the point person for their project’s audit
• Addresses and responds to specific financial requests made by Real Estate Officers regarding investment performance and fund financial statements
• Review capital call and distribution calculations, sources and uses, allocations, and investor notices
• Maintain and enhance accounting procedures and internal control systems
• Other projects and analysis as requested by senior management
• Contribute to process improvement initiatives to streamline the cash management function and enhance efficiency and accuracy
• Stay updated on industry best practices, regulations, and changes in accounting standards related to cash management processes.
• Collaborate with the accounting team to ensure proper coding and classification of expenses.
• Maintain accurate and up-to-date cash team records, including vendor information, invoice details and payment status in the cash system.

Qualifications:

• Undergraduate degree in Accounting or related field
• 3-10 years of accounting experience
• Experience with fund level, historical cost GAAP accounting, Statutory Accounting, and tax reporting a plus
• Yardi experience preferred
• Experience with corporate accounting, consolidation and SOX reporting
• Ability to evaluate, document, and implement best in class policies and procedures
• Cash Managements/Accounts Payable