Associate, Fund Accounting

Royal Search Group; Charlotte (NC); On-site; USD 60,000 - 80,000; Full time

Job summary

Royal Search Group is seeking an Associate, Fund Accounting for our client, a private equity real estate firm in Charlotte. The role focuses on accounting, reporting, and cash activities for real estate investment entities, partnering with internal Accounting and Investor Relations to support operating results and capital raise activities.

Ideal candidates may have fund accounting exposure; the position is a hands-on opportunity to gain experience in real estate and private equity fund

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 1+ years accounting experience.
• Strong GL and month-end close understanding.

Responsibilities

• Perform full-cycle accrual-based accounting for real estate investment entities.
• Record journal entries for investor closings including cash receipts and expenses.
• Process accounts payable for entities with timely entry and payments.
• Calculate monthly investor cash distributions and record related GL entries.
• Review and reconcile GL activity to ensure accuracy and timeliness.
• Complete month-end close activities including reconciliations and adjustments.
• Maintain tracking of investor capital accounts.
• Prepare tax support documents and financial statement audits.
• Prepare recurring and ad hoc investor reporting.
• Participate in process improvements for scalability and controls.

Skills

GAAP knowledge

Advanced Excel

Fund accounting

Cloud-based platforms

Investor capital tracking

Education

Bachelor's degree in Accounting/Finance

Master's degree preferred

Tools

Yardi

Job description

Our client, a private equity real estate firm based here in Charlotte, is seeking an Associate, Fund Accounting to join their team as they continue to expand operations. This individual will be responsible for accounting, reporting, and cash activities for a portfolio of real estate investment entities, and they will partner with other internal Accounting and Investor Relations professionals to support property operating results, investor cash distributions, and capital raise activities.

Previous fund accounting experience is preferred but not required, so this is a great opportunity for those interested in Real Estate or Private Equity to gain experience with hands-on fund-level accounting!

Essential Functions

• Perform full-cycle, accrual-based accounting for a portfolio of real estate investment entities.
• Record journal entries related to investor closings, including cash receipts, closing costs, and related expenses.
• Process accounts payable for assigned entities, ensuring timely and accurate invoice entry, approval, and payment by check or electronic methods.
• Calculate monthly investor cash distributions, initiate payments, and record the related general ledger transactions.
• Review, maintain, and reconcile general ledger activity to ensure accuracy and timeliness.
• Complete month-end close activities, including bank reconciliations, balance sheet account support, accruals, and adjusting journal entries.
• Maintain accurate tracking of investor capital accounts.
• Prepare supporting documentation for tax return preparation and financial statement audits.
• Prepare recurring and ad hoc financial and investor reporting.
• Participate in process improvement initiatives that support scalability, internal controls, and operational excellence.

Technical Skills

• Strong knowledge of GAAP and accrual-based accounting.
• Intermediate to advanced proficiency in Microsoft Excel.
• Experience with fund accounting structures and investor capital tracking.
• Familiarity with Yardi or similar accounting systems preferred.
• Comfortable navigating cloud-based, web-based, and accounting software platforms.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field; Master's degree preferred.
• Minimum of 1+ years of relevant accounting experience.
• Strong understanding of general ledger accounting and month-end close processes.