Fund Accounting Manager

• Location: West LA, California
• $110000 base salary
• Remote: Remote
• Type: Direct Hire
• Job #1563
• Salary: $110,000 - $120,000

Title: Fund Accounting Manager

Industry: Real Estate

Location: West LA – Hybrid

Overview: Pacific Executive Search has been engaged on a search for a Fund Accounting Manager position that offers you the opportunity to take on new responsibilities in managing external fund administrators and overseeing complex financial activities in the vibrant West LA area. You would be part of a collaborative team environment, working closely with various stakeholders to enhance your skills and expand your professional network. This role not only positions you for significant career growth within the real estate finance sector but also allows for a hybrid work schedule that promotes a balanced lifestyle.

Description:

Responsibilities

• Oversee the management of external fund administrators, ensuring effective execution of their tasks and responsibilities.
• Conduct internal cash reconciliations and evaluate monthly cash activity reports generated by third-party administrators.
• Examine quarterly reporting packages and consolidated financial statements for various funds, including the assessment of management fee calculations and incentive allocations prepared by external fund administrators.
• Coordinate cash requirements for different funds in collaboration with Asset Managers and Fund Managers, managing capital calls, distributions, and line of credit transactions.
• Review discounted cash flow models and appraisal reports from asset managers and appraisers, providing comprehensive feedback to clarify fluctuations in gross asset and equity values, and document changes for the Valuation Committee.
• Develop intricate cash distribution waterfalls for joint ventures and funds.
• Engage in discussions with team members from various departments, including deal management, asset management, fund management, performance reporting, and investor relations.
• Evaluate annual financial statements and footnotes prepared by third-party administrators and support annual audits with external auditors for funds and properties.
• Assist in gathering necessary information for tax preparation, filing, and projections.
• Respond to both ad hoc and recurring inquiries from investors.
• Contribute to special projects as assigned by management.
• Identify, suggest, and implement process improvements and efficiencies within accounting functions.

Qualifications

• Bachelor's degree in Accounting or Finance, along with a minimum of 3-4 years of relevant accounting experience.
• Experience in real estate, joint venture, or private equity accounting is essential.
• Big 4 experience and CPA certification are preferred.
• Strong analytical, financial, and accounting skills are required.
• Excellent organizational and communication abilities.
• Detail-oriented with a commitment to accuracy in work.
• Capability to prioritize tasks and manage multiple responsibilities effectively.
• Proficient in Microsoft Word and Excel.