Beacon Resources, in partnership with our REIT client in Los Angeles, seeks a Fund Accountant with real estate industry experience and wants to be in this type of organization on a direct hire basis.
Job – The hired Fund Accountant will support the entire accounting team. You will have the opportunity to interact with upper management on a frequent basis. You will report to a Director.
Culture/Environment
– You will be joining a great environment, a casual working environment with the team staying together for the past several years.
Compensation/Benefits – Salary range starts at $70,000/year and increases depending on qualifications. Salary is paid on an hourly basis, so overtime will be paid on 1 ½ and 2x normal pay rate. Annual bonuses and unlimited PTO days supplement the base compensation. Our client offers full benefits (company paid life insurance, 401(k) with match, modern workspaces, and other benefits.
DUTIES OF THE FUND ACCOUNTANT
Fund Accounting
Generate detailed financial models, including the following: Financial statements Cash-flow projections on a historical and projected basis Capital budgets Fund models to project performance returns, investor performance, and cost impact (interest, operating expenses) Waterfall distribution calculations Updating valuation of each investment in a portfolio (FASB ASC 820 or old SFAS No.
157) to make sure each investment has proper fair value Communicate with investors on the performance of each fund, as necessary Manage performance reporting of funds Manage compliance initiatives Analyze bank debt
Fixed Assets Accounting
Manage all fixed assets records
Financial Reporting
Manage quarterly reporting to investors and annual reports Respond to investor inquiries
Miscellaneous Finance and Accounting
Work with external auditors during each audit year Track investment expenses and fees Invoice investors on account fees and transaction expenses Work with the Operations Team on all transactions Accept other ad-hoc accounting duties
QUALIFICATIONS OF THE FUND ACCOUNTANT
Required
At least two (2) years of prior work experience with a Big 4 Accounting Firm Bachelor’s Degree in Accounting, Finance, or an equivalent major
Preferred
CPA Previous accounting experience in the investment banking/investment arena industries
SKILLS OF THE FUND ACCOUNTANT
Required
Technical
Expert-level knowledge of MS Excel (v-Lookups, Pivot Tables) + large sets experience
Interpersonal
“Roll-Up-Your-Sleeves” type of professional Superior oral and written skills Ability to work independently with little supervision Ability to juggle and prioritize tasks Conscientious attention to detail
Preferred
Technical
Yardi
For further interest, submit your resume in MS Word format to me. I will hold all inquiries in the strictest confidence.