Fund Accountant

Brookwood Financial Partners - Beverly, MA

Full-time - Mid Level

Beverly, MA

Real Estate

About the position

The Fund Accountant at Brookwood Financial Partners, LLC is a key role responsible for the accounting, analysis, and preparation of financial statements for a group of investor funds. This position requires a detail-oriented individual who can maintain accurate records, assist in financial reporting, and participate in audits, all while working in a dynamic and fast-paced environment.

Responsibilities

• Maintain accurate books and records for assigned funds and participate in monthly department close procedures
• Work cross-functionally to assist in the preparation of quarterly investor NAV statements
• Prepare analysis for investor capital calls and distribution recommendations
• Participate in the annual investment fund audit process, including the preparation of financial statements and footnote disclosures
• Maintain fund-level waterfall calculations
• Assist with the coordination of work papers in support of annual partnership income tax returns and Schedule K-1s
• Prepare fund budgets and regular reforecasts
• Develop and maintain fund reserve analysis and forecasts
• Actively participate in process improvements to enhance internal controls and efficiencies in financial reporting
• Research industry and accounting guidance and its applicability to assigned funds and the accounting and reporting process
• Calculate and reconcile assigned inter-entity and related party fees and expenses
• Prepare special reports and projects, collect, analyze and summarize information and trends

Requirements

• Bachelor's degree in Accounting or Finance
• 10+ years of relevant accounting experience within the real estate industry and/or public accounting
• CPA designation or advanced degree preferred
• Fund reporting experience
• Experience in private equity or partnership investment accounting strongly preferred
• Outstanding interpersonal, verbal and written communication skills
• Ability to work both independently and as part of a cross-functional team with minimal supervision in a fast-paced environment
• Excellent organizational skills
• Self-starter who drives individual projects and takes ownership of outcomes

Benefits

• Base salary
• Full benefits
• Annual discretionary performance-based bonus