Fund Accountant

Job Details:

Position: Fund Accountant

Experience Level: 2-5 Years

Location: Charlotte

Reports To: Fund Controller

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).