The Fund Accountant will oversee a fund which will invest in a portfolio of real estate-related debt and other real estate- and mortgage-related assets (including equity, debt, and synthetic assets and instruments), commercial and residential mortgage loans and mortgage-backed securities, other securitized assets (including risk-retention securities), index instruments, financing and hedging instruments and derivatives, and other debt and loan instruments. He/she will coordinate and perform all accounting and treasury functions for the fund, including projection of funding needs, supervision of our custodian, administrator and accounting service provider and facilitation of annual audits and preparation of tax returns.
Review and validate general ledgers maintained by external fund administrator for all fund entities.
Review daily, monthly, quarterly, annual accounting and reporting deliverables for all fund entities.
Monitor cash positions in all fund entities and project funding needs, prepare and submit payment and borrowing requests upon approval.
Monitor lender covenants; prepare and submit lender reporting packages.
Review partnership allocations and investor statements, capital call calculations and distribution waterfall calculations to partners in accordance with terms of partnership agreements.
Review management fee calculations for investment partnerships; ensure accuracy of fee-sharing calculations in accordance with terms of fee schedules.
Validate fund and investor performance calculations, including time-weighted return and IRR.
Coordinate and prepare fund financial statements and financial highlights for quarterly and annual reports; ensure all related footnotes and disclosures are in compliance with US GAAP; coordinate and review conversion to local GAAP for foreign entity if needed.
Oversee statutory audits, coordinate with external and internal parties, and monitor audit progress.
Review compliance and fund financial reporting of securitized debt instruments.
Prepare and oversee both US and foreign regulatory reporting.
Respond to ad hoc requests and participate in special projects.
Bachelors’ degree in Accounting is required.
Minimum of 4-7 years of experience in private equity partnership accounting.
Strong knowledge of accounting, generally accepted accounting principles and financial reporting.