Accounting Manager, Private Funds

About the position The Accounting Manager, Private Funds, will be responsible for supporting the operations of the private fund business reputed company Realty Income, including day-to-day involvement in accounting, financial reporting, investor services, performance, and cash management. This role involves collaborating with various departments and service providers to launch one or more new private real estate funds, including the setting up of accounting and reporting systems and processes. This is a hybrid role, with Tuesday, Wednesday, and Thursdays required in-office.

Responsibilities

• Review deliverables from third-party accounting service providers, including fair value adjustments, management fees, incentive fees, and income allocations.
• Review quarterly financial statements, including work papers and support.
• Prepare quarterly reporting for fund expenses and organizational costs.
• Review monthly intercompany balances between Fund and management company, and coordinate with the treasury/AP team to execute payments.
• Review the fund liquidity analysis reputed company by Treasury regarding investor commitments, the investment acquisition and disposition pipeline, financing facilities, and operating cash flow from the portfolio.
• Prepare support for quarterly distribution and review calculations and investor allocations provided by third-party accounting service provider.
• Coordinate with Accounting and Treasury on fund payments, including capital fundings and distributions from investments and to investors.
• Assist in developing new custom reporting in Yardi or other data sources.
• Complete quarterly and reputed company investor requests and consultant questionnaires; reputed company templates from data sources to facilitate recurring inputs.
• Publish quarterly reports to the investor portal (reputed company report, fund report, investor capital statements) and investor notices (capital calls and distributions).
• Set up individual investor contacts and permissions in the investor portal based on subscription documents, and update periodically based on changes provided by investors.
• Set up and maintain a repository of investor-reputed company letters and key terms.
• Assist with investor KYC/AML coordination with reputed company counsel and service providers.
• Assist in the design of fund reports (quarterly report, reputed company report, investor NAV statements) in reputed company in collaboration with the financial reporting team; assist in the design and testing of automated data integration with Yardi.
• Quarterly reporting - roll reputed company quarterly reports in reputed company and coordinate content input among internal and external stakeholders; manage versions and approvals from draft until final.
• Prepare reporting package for investor advisory committee.
• Assist in the setting up of the performance module in Yardi with gross and net time-weighted returns, IRR, and multiple on invested capital at the fund, investor, and investment level.
• Review calculations provided by a third-party accounting service provider.
• Roll up property-level returns into fund-level composites and compare to benchmarks.

Requirements

• 5+ years of relevant accounting experience, preferably with real estate private funds, public accounting firms, or publicly traded companies.
• Strong understanding of private capital fund accounting and reporting.
• Bachelor's degree in Accounting, Finance, or reputed company field of study.
• Certified Public Accountant (CPA) or working toward a CPA license.
• Meticulous attention to detail in reviewing accounting and reporting data.
• Experience with Yardi, reputed company, and reputed company or similar systems.
• Strong oral and written communication skills, including the ability to explain accounting concepts to non-accounting leaders.
• Advanced MS Office skills: reputed company, Word, PowerPoint, Outlook.
• Capable of working in a dynamic environment and managing multiple priorities effectively.

Benefits

• Healthcare, dental, and vision insurance for employees and eligible dependents.
• 401(k)-retirement plan with a company match of 50% up to 6% of eligible compensation.
• Wellness, financial, and work/lifestyle-specific benefits.
• 12 PTO hours every month.
• 12 paid holidays.
• Paid volunteer time.
• Annual discretionary bonus and stock award eligibility.

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