Fund Accounting Manager

Realterm - Annapolis, MD

Full-time - Mid Level

Annapolis, MD

About the position

The Fund Accounting Manager at Realterm is responsible for overseeing the day-to-day accounting operations of the company's closed-end and open-end funds. This role ensures the integrity and timeliness of financial reporting in compliance with GAAP, company policies, and contractual agreements. The position requires a proactive accounting leader who fosters ownership and accountability, while also managing investor communications and financial reporting processes.

Responsibilities

• Maintain investor documents and fund financial knowledge, serving as the lead contact for investor requests.
• Read, interpret, and summarize complex legal documents, including partnership documents and lender agreements.
• Support the Fund/Asset Management team in ensuring fund reporting compliance with partnership agreements.
• Analyze and prepare variance analysis to understand consolidated financial results.
• Review and ensure accuracy of all investor notices regarding capital calls/distributions.
• Maintain investor capital accounts and prepare fund carried interest calculations.
• Manage fund-level cash flow needs, including distributions to investors.
• Assist the Fund/Asset Management team with Advisory/AGM/AIP schedules and materials.
• Respond to all investor ad hoc requests in a timely manner.
• Oversee monthly close activities for all non-property entities within the Fund structures.
• Validate accuracy of asset management and incentive fees, as well as foreign exchange entries.
• Ensure optimization of shareholder loans and prepare consolidated balance sheet review packages.
• Understand real estate valuations and their impact on fund valuation models and financial reporting.
• Document policies and procedures related to fund accounting and ensure compliance with GAAP.
• Oversee quarterly and annual compliance reporting and drafting of financial statements for the funds.
• Ensure accuracy of NAV and unit share price calculations and fund-level debt compliance.
• Oversee completion of recurring supplemental fund reporting and ad-hoc information requests.
• Prepare PBC workpapers for audits and tax compliance, and oversee preparation of annual budgets/reforecasts.
• Act as a resource to the Fund Controller and communicate significant issues effectively.

Requirements

• Bachelor's degree in Accounting or related field.
• 4-7 years of private equity fund accounting experience, preferably in real estate.
• MBA and/or CPA preferred.
• Strong knowledge of US GAAP and investment accounting principles.
• Deadline-focused, organized, and possesses problem-solving skills.
• Well-developed analytical skills and effective communication abilities.

Nice-to-haves

• Public accounting experience is a plus.

Benefits

• Competitive salary and robust benefits package.
• Collaborative work environment with supportive teammates.
• Opportunities for career growth and development.