Fund Accountant

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This role is a CS Everywhere - permanent Work from Home setup with unlimited access to Cloudstaff Offices when you need it. CS Everywhere includes Fiber Internet, Backup Internet, UPS, PC/Laptop. Ability to use the office when there are Internet or power issues. Pop in and have a coffee with teammates.

We are a leading investment firm specializing in the acquisition, development, and management of commercial real estate properties across the United States. We are seeking a Senior Fund Accountant who will be responsible for the integrity of financial reporting, operations and process improvement for our Funds/REITs for our internal stakeholders and external investors.

Essential Functions:

Accounting

Maintain accurate venture level books and records

Track and maintain accurate capital accounts, capital calls, dilution calculations

Produce capital calls for investors 

Produce dilution calcs, and entity related adjustments for over or under funded capital accounts and reconcile capital accounts on a quarterly basis

Maintain and update on a quarterly basis all waterfalls, and promote calculations for each venture/fund

Maintain Mosser to MCM loan calcs, capital accounts, and tracking of all internal MGH to MCM loans, and all internal loans from MGH to entities

Coordinate warehouse line or working capital facility including interest charges and accounting for all cash advances or internal loans from MGH to entities

Participate in Accounting/IMG Call

Track issues / drive resolution of global accounting/reporting issues

Cash Management

Accurately Track Available Capital Amounts in existing ventures (Fund I, GIC II, Fund II)

Forecasting capital needs/ timing of capital calls/loan drawdowns, escrow and other reserve accounts

Tracking committed capital amounts that are reserved and committed for stated purposes/invoices vs. total Capital Amount for an accurate “Available Capital” amount

Work with A/P to ensure payment of bills

Track capital forecasts, monthly cash forecasts to Senior Mgmt

Help clean-up the lender draw process, and manage approval process, etc.

Oversee cash flows or cash needs of various partnerships

Projecting 6 month forward capital flows including needs/distributions on a monthly basis based on trends of performance/market with variance/comparison to annual budgeted forecast and original underwriting pro-forma either 5 year or 10 year 

Cash 30 Day lookback turned to 90 day look forward

Reporting

Create Reporting Calendar for Each JV, especially Fund and GIC/UBS venture

Manage monthly/quarterly/annual reporting process to LPs. Oversee production, meeting deadlines and delivering required reports

Manage monthly/quarterly/annual reporting process to lenders. Oversee production, meeting deadlines and delivering required reports and compliance or loan term tracking

Facilitate automation of reporting and getting Yardi reports created as well as integration of reporting requirements of LPs

INREV, GRESB and Investor Data template requirements such as BIS production and developing automation or outsourcing and managing delivery of financial based reporting

Internal Reporting

Clean-up internal financial reporting including closing loops on accuracy of information in Yardi – clarification and schedule on when what information is fully complete or not and by what dates on a monthly, quarterly, annual basis

Deliver key financial reports to senior management – highlighting cash projection trends and suggestions on pivoting from budgeted business plans as well as forward looking concerns of investors in various vehicles 

Oversee variance reporting

Review notes, quality of notes

Track follow-ups, open issues raised in variance notes process

Track budget vs. actual issues

Compliance

Oversee KYC compliance

Oversee Tax/Audit

Tracking Deadlines - K-1s , Tax Filings, Audit Reports

Distribution to private investors for annual K-1s and Tax related docs and outreach to investors

Oversee and distribute to all non private/institutional investors also

Oversee Regulatory compliance of entities – regulatory filings, tax and registration payments, etc.

REIT maintenance and Compliance that is responsibility of Mosser Capital (GIC I, GIC II, UBS, Fund)

Senior Fund Accountant (WFH)

Philippines - CS Everywhere

a month ago

Salary Login to View Salary Years of experience 5-10 years Shift(s) Night Shift Job request ID JR-12521 Job Description

This role is a CS Everywhere - permanent Work from Home setup with unlimited access to Cloudstaff Offices when you need it. CS Everywhere includes Fiber Internet, Backup Internet, UPS, PC/Laptop. Ability to use the office when there are Internet or power issues. Pop in and have a coffee with teammates.

We are a leading investment firm specializing in the acquisition, development, and management of commercial real estate properties across the United States. We are seeking a Senior Fund Accountant who will be responsible for the integrity of financial reporting, operations and process improvement for our Funds/REITs for our internal stakeholders and external investors.

Essential Functions:

Accounting

• Maintain accurate venture level books and records

• Track and maintain accurate capital accounts, capital calls, dilution calculations

• Produce capital calls for investors 

• Produce dilution calcs, and entity related adjustments for over or under funded capital accounts and reconcile capital accounts on a quarterly basis

• Maintain and update on a quarterly basis all waterfalls, and promote calculations for each venture/fund

• Maintain Mosser to MCM loan calcs, capital accounts, and tracking of all internal MGH to MCM loans, and all internal loans from MGH to entities

• Coordinate warehouse line or working capital facility including interest charges and accounting for all cash advances or internal loans from MGH to entities

• Participate in Accounting/IMG Call

• Track issues / drive resolution of global accounting/reporting issues

Cash Management

• Accurately Track Available Capital Amounts in existing ventures (Fund I, GIC II, Fund II)

• Forecasting capital needs/ timing of capital calls/loan drawdowns, escrow and other reserve accounts

• Tracking committed capital amounts that are reserved and committed for stated purposes/invoices vs. total Capital Amount for an accurate “Available Capital” amount

• Work with A/P to ensure payment of bills

• Track capital forecasts, monthly cash forecasts to Senior Mgmt

• Help clean-up the lender draw process, and manage approval process, etc.

• Oversee cash flows or cash needs of various partnerships

• Projecting 6 month forward capital flows including needs/distributions on a monthly basis based on trends of performance/market with variance/comparison to annual budgeted forecast and original underwriting pro-forma either 5 year or 10 year 

• Cash 30 Day lookback turned to 90 day look forward

Reporting

• Create Reporting Calendar for Each JV, especially Fund and GIC/UBS venture

• Manage monthly/quarterly/annual reporting process to LPs. Oversee production, meeting deadlines and delivering required reports

• Manage monthly/quarterly/annual reporting process to lenders. Oversee production, meeting deadlines and delivering required reports and compliance or loan term tracking

• Facilitate automation of reporting and getting Yardi reports created as well as integration of reporting requirements of LPs

• INREV, GRESB and Investor Data template requirements such as BIS production and developing automation or outsourcing and managing delivery of financial based reporting

• Internal Reporting

• Clean-up internal financial reporting including closing loops on accuracy of information in Yardi – clarification and schedule on when what information is fully complete or not and by what dates on a monthly, quarterly, annual basis

• Deliver key financial reports to senior management – highlighting cash projection trends and suggestions on pivoting from budgeted business plans as well as forward looking concerns of investors in various vehicles 

• Oversee variance reporting

• Maintain reporting deadlines

• Review notes, quality of notes

• Track follow-ups, open issues raised in variance notes process

• Track budget vs. actual issues

Compliance

• Oversee KYC compliance

• Oversee Tax/Audit

• Tracking Deadlines - K-1s , Tax Filings, Audit Reports

• Distribution to private investors for annual K-1s and Tax related docs and outreach to investors

• Oversee and distribute to all non private/institutional investors also

• Oversee Regulatory compliance of entities – regulatory filings, tax and registration payments, etc.

• REIT maintenance and Compliance that is responsibility of Mosser Capital (GIC I, GIC II, UBS, Fund)

Qualifications and Requirements

• Minimum 5+ years (relevant) experience in accounting or related field
• Real Estate accounting experience (preferred)
• Minimum of a bachelor’s degree in accounting or related field
• CPA or MSA preferred
• Strong knowledge of GAAP
• Ability to multitask and manage time, an attention to detail, planning and problem-solving skills
  required
• Experience in forecasting and budgeting
• Experience in developing, writing, and implementing accounting controls and processes
• Skills and experience using accounting software (Yardi a plus)
• Advanced experience in Microsoft Office (Word, Excel, Internet Explorer Outlook)
• Ability to work independently and as a team member

Perks and Benefits

• Free Meal, Coffee or Chocolate drinks, Beer & Chips
• HMO + 1 FREE DEPENDENT ON THE 16TH DAY
• Rice Allowance
• WFH Setup