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  • Location: Downtown LA
  • Remote: Remote
  • Type: Direct Hire
  • Job #269
Our real estate private equity client in Downtown LA is looking for a strong AVP of Real Estate Fund Accounting who would be responsible for reviewing and maintaining the books and records of pooled limited partnerships, open-end funds and separate accounts within the Real Estate Strategy, as well as reporting to clients, fiduciaries, counterparties and regulatory bodies while providing oversight for offshore teams.

Responsibilities:

  • Ensure funds are being accounted for pursuant to the governing fund documents
  • Review and reconcile complex purchase and sale transactions
  • Estimate and post of monthly closing accruals
  • Calculate economic allocation by partner, including updates and distributions based on a waterfall defined by the terms in the governing documents
  • Determine and prepare (capital vs. income) distributions and draw-downs
  • Prepare and review fully the monthly, quarterly, and annual financial reports
  • Calculate, analyze and review the performance metrics for each partner in the fund and the fund or funds (individually) as well as by each
  • Coordinate with funds’ independent auditors, custodians, prime brokers and fund administrators
  • Provide oversight and training to the offshore accounting team in preparing and maintaining the books and records of limited partnerships and/or separate accounts
  • Review and resolve daily cash and asset reconciliation breaks
  • Record and reconcile hedging activity and ensuring investments are properly hedged
  • Review and approve postings of complex corporate actions
  • Post monthly closing accruals
  • Calculate income and expense allocations to each partner, including updating of distribution waterfall based on the terms of the governing documents
  • Prepare distributions and draw-downs
  • Prepare of monthly, quarterly, and annual financial reports to clients
  • Calculate performance metrics for partnerships/accounts as well as for each investment
  • Coordinating with funds’ independent auditors, custodians, prime brokers and fund administrators
Qualifications:
  • CPA license preferred
  • Bachelor’s degree in accounting, finance or related field
  • Minimum of 10 years experience with in either public and private accounting
  • At least 5 years experience in Real Estate the investment management industry required
  • Strong knowledge of Real Estate funds/investments, as an asset class, including product related metrics such as performance preferred
  • At least 5 years experience within the financial services industry, preferably within the investment management industry required
  • Superior written and verbal communication skills with the ability to work effectively both individually and as a team
  • Solid analytical skills and ability to understand and resolve complex problems
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