Finance Manager - Real Estate Fund Reporting

Ilocatum; Boston (MA); On-site; USD 130,000 - 150,000; Full time

Job summary

Ilocatum is seeking a Finance Manager-Real Estate in Boston, MA to oversee fund-level quarterly and annual reporting, including U.S. GAAP fair value calculations, and to provide insight on complex transactions and capital movements.

You will partner with Legal, Tax, Investment, and Asset Management teams to ensure timely, accurate financial information and to drive process improvements across the portfolio.

Qualifications

• Five to eight years of relevant accounting experience in real estate.
• Bachelor of Science in Accounting; CPA strongly preferred.
• Strong understanding of real estate valuation, portfolio operations and financial reporting.

Responsibilities

• Overseeing fund-level quarterly and annual financial reporting, including Yardi-based fair value U.S. GAAP reporting, through review of underlying workpapers and investment activity.
• Analyzing and reviewing promote and management fee calculations, including non-recurring transactions such as ownership transfers and complex sales.
• Analyzing investment and fund activities to ensure compliance with governing documents.
• Researching current industry guidance and its applicability to the real estate portfolio.

Skills

Financial analysis

GAAP reporting

Team leadership

Stakeholder communication

Education

Bachelor of Science in Accounting

CPA designation

Tools

Yardi

Job description

Job description:

Finance Manager-Real Estate
Fund Reporting & Direct Real Estate Investments

Our client is an established real estate investor. With more than 100 talented professionals, the firm has built a
sizable portfolio of assets across multiple funds. Its investment results are impressive, and it continues to build
out its organization.

THE ROLE

The Finance Manager will be responsible for accounting and reporting oversight for investment fund reporting
and a sub-portfolio of direct real estate investments. The role also includes involvement in team initiatives such
as valuations, process enhancements and the annual budget process.
Asset sectors in the direct real estate portfolio
Retail; Life sciences / lab; Senior housing; Self-storage; Infill industrial; Medical office; Multifamily; Media / content

This individual will be the financial and accounting partner to other enterprise teams, including Legal, Tax,
Investment, Compliance, Asset Management, Investor Relations, Capital Markets and Portfolio Analytics, and
will be expected to provide financial and accounting insight for assigned investments within the portfolio.
The Manager will provide oversight and guidance for assigned fund vehicles and investments, including cash
movements, quarterly accounting packages from subsidiary joint ventures, fund and investor reporting, and
complex transactions such as ownership transfers and partial sales. Certain funds report on a fair value basis
and follow the REIS (Real Estate Investment Scheme) non-operating model.
This individual will work closely with the entire Finance team to execute the quarterly close for assigned fund
vehicles and direct real estate investments. This process requires in-depth analysis and understanding of the
real estate portfolio and complex fund structures, including ongoing documentation of significant matters. An
important part of this process is continuous communication with the investment team and support for its need
for relevant, timely financial information.

KEY RESPONSIBILITIES

Reporting & Technical Accounting

• Overseeing fund-level quarterly and annual financial reporting, including Yardi-based fair value U.S. GAAP reporting, through review of underlying workpapers and investment activity
• Analyzing and reviewing promote and management fee calculations, including non-recurring transactions such as ownership transfers and complex sales
• Analyzing investment and fund activities to ensure compliance with governing documents
• Researching current industry guidance and its applicability to the real estate portfolio

Cash & Transactions calls and distributions

• Analyzing fund-level cash positions and anticipating upcoming needs, including coordinating investor capital
• Coordinating with investment team members on acquisitions, dispositions and refinancings
• Collaborating internally and externally to ensure timely funding of capital needs across assigned investments

External & Audit Coordination

• Coordinating with the fund administrator on a variety of tasks, including the setup of new real estate investments and the financial statement review process
• Facilitating the annual fund-level audit by coordinating deliverables and responding promptly to auditor
• Facilitating communication with joint venture partners to obtain relevant accounting detail and insight into the requests accounting and valuation process
• Supporting other teams on portfolio investment matters and on valuation- and finance-related issues

People & Process

• Providing oversight and coaching to junior team members
• Contributing to efficiency and process improvement initiatives, including AI enablement
• Addressing investor inquiries, including preparing and reviewing investor-specific deliverables

Qualifications

• Five to eight years of relevant accounting experience in the real estate industry, preferably with a real estate
• Bachelor of Science in Accounting; CPA designation strongly preferred
• Strong understanding of real estate valuation, portfolio operations and financial reporting
• Fund reporting and/or public accounting experience preferred
• General understanding of real estate investment trusts (REITs)
• Proficiency with fair value reporting and promote calculations
• Yardi experience preferred but not required
• Demonstrated process improvement mindset, including use of IT tools and AI
• Knowledge of, and demonstrated interest in, financial markets and products

Why is This a Great Opportunity:

Our client is one of the most highly regarded investment firms in the world. In their finance group, they hire talented Big 4 professionals with relevant industry experience. They are very open to hiring individuals coming straight out of public accounting.

Their hiring process is thorough and fair. It reflects the importance they put on attracting and retaining top talent.

Salary Type : Annual Salary

Salary Min : $ 130000

Salary Max : $ 150000

Currency Type : USD

COMPENSATION
Expected annual base salary
$130,000$150,000