Manager of Fund Accounting

Manager of Fund Accounting

This position will work alongside the Vice President of Finance and Accounting to provide fiduciary services to the private equity arm of The BAM Companies. The ideal candidate will have specialized accounting expertise in real estate private equity and fund accounting, with general knowledge of tax and GAAP considerations relevant to the industry. The Manager of Portfolio Accounting will be responsible for the day-to-day accounting and fund administration of the division and will be involved in the overall growth trajectory of the department.

Primary Responsibilities

• Prepare and maintain the financial books and records for the real estate private equity portfolio, specifically its fund entities
• Demonstrate knowledge of private equity fund structures, proficiency in accounting for complex transactions and understanding of fund governing documents
• Lead year-end audit and reporting process including coordination with clients, auditors and tax teams
• Collaborate with the Investor Relations team on the preparation of client deliverables, as well as the workflow for capital calls and distribution processing
• Utilize the existing investor relations software to run waterfall calculations and assist in pivoting the departments use of future investor relations softwares as the company continues to grow
• Assist with the preparation of Fair Market Value calculations in accordance with GAAP
• Calculate and report on various project metrics (IRR, cash-on-cash, unrealized gains, etc.)
• Prepare fund administration fee calculations and process payments to fund administrator
• Provide relevant investment tax knowledge to both internal and external clients
• Monthly review of investments and coordinate with Asset Management and Property Management teams for variance reporting
• Seek out and recommend operational improvements that lead to increased efficiency and scalability
• Lead and work on ad hoc client projects and internal initiatives

Required Qualifications

• Bachelor’s degree in Accounting or Finance
• 7+ years of fund accounting experience in either Real Estate Private Equity, Private Equity Funds, Private Equity Fund Administrators, or other financial institutions where the candidate has gained financial products knowledge
• General knowledge of real estate transactions and syndication models
• Experience in preparing capital calls and distributions including complicated waterfall models
• comfortable in understanding and navigating through partnership agreements and fund legal documents
• Strong attention to detail and accuracy
• Superior problem solving, analytical, judgment and decision-making skills
• Ability to think independently, prioritize, multi-task, and meet deadlines
• Extensive Microsoft suite skills
• An ability to work under pressure to meet tight deadlines and balance multiple priorities
• Strong organizational skills with the ability to own and see projects to completion
• Self motivated and proactive with the ability to work independently as well as be able to effectively work on a team

Desired Qualifications

• CPA or other relevant professional designation
• Knowledge of tax implications specific to the industry

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