Fund Accountant

Schafer Richardson; Minneapolis (MN); On-site; USD 60,000 - 80,000; Full time

Job summary

A real estate investment company is hiring a Fund Accountant in Minneapolis, MN. The role entails working with the Chief Accounting Officer to manage fund-level accounting, prepare financial reports, and ensure compliance with regulations. Candidates must have a Bachelor's degree in Accounting and 3-5 years of relevant experience. Strong analytical and organizational skills are essential, alongside proficiency in Microsoft Excel and Yardi.

Qualifications

• 3 to 5 years of experience in financial reporting and analysis.
• Experience in real estate or fund accounting preferred.
• Strong understanding of accrual accounting and consolidations.

Responsibilities

• Assist with monthly and annual close processes.
• Prepare and review financial statements and journal entries.
• Perform bank and account reconciliations.
• Support year-end audit and tax documentation.
• Ensure compliance with GAAP and internal control standards.

Skills

Attention to detail

Analytical skills

Problem-solving skills

Communication skills

Organizational skills

Education

Bachelor’s degree in Accounting

Tools

Microsoft Excel

Yardi

Job description

Location: Minneapolis, MN
FLSA Status: Full-Time, Exempt

SUMMARY

Schafer Richardson, LLC is a real estate investment company providing development, management, leasing, and construction services to its commercial and multifamily real estate portfolio in the Upper Midwest.

The Fund Accountant will work closely with the Chief Accounting Officer as well as cross-functional teams to support fund-level and REIT accounting, consolidations, reporting, and treasury management. Responsibilities include general accounting functions such as preparing journal entries, maintaining balance sheet schedules, account and bank reconciliations, financial reporting, and supporting internal audits and tax processes. The role will ensure financial data integrity, compliance with policies and regulations, and provide financial insights through accurate reporting and analysis.

DUTIES AND RESPONSIBILITIES

The job description below outlines the primary responsibilities and is not intended to be all-encompassing. Other duties may be assigned as needed:

• Assist with monthly, quarterly, and annual close processes, including preparation of internal financial reports.
• Prepare and review financial statements, journal entries, and reconciliations across fund entities.
• Perform monthly bank and account reconciliations.
• Assist with the year-end audit and tax documentation for external CPA firms.
• Review and oversee third party property management accounting records.
• Perform audits of third party records, specifically around rental assistance and compliance.
• Ensure financial records are maintained in compliance with GAAP and internal control standards.
• Support insurance processing for third party managed properties.
• Conduct financial analysis and provide ad hoc reporting as requested.
• Review legal, loan, and partnership documents to ensure proper accounting treatment.
• Ensure compliance with financial covenants and reporting requirements.
• Identify and resolve accounting discrepancies and irregularities (internal and third party).
• Provide support to asset management and executive teams with accurate, timely financial insights.
• Maintain consistent and accurate journal entries across fund entities.
• Collaborate with internal departments and external partners as needed to ensure seamless financial operations.
• Help maintain and service internal promissory notes payables/receivables.
• Help maintain and service fund ownership records.

EDUCATION AND EXPERIENCE

• Bachelor’s degree in Accounting required.
• Minimum of 3 to 5 years of experience in financial reporting, budgeting, consolidations, and analysis.
• Experience in real estate, private equity, fund accounting, or property management preferred.

KNOWLEDGE, SKILLS AND ABILITIES

• Strong understanding of accrual accounting, consolidations, and financial reporting.
• Experience working with multiple entities and intercompany transactions.
• Excellent analytical, organizational, and problem-solving skills.
• High level of attention to detail and accuracy.
• Ability to work independently and manage multiple priorities in a dynamic environment.
• Strong communication skills—both verbal and written.
• Proficient in Microsoft Office, especially Excel. Experience with Yardi is preferred.
• Demonstrated ability to work collaboratively across teams.
• Strong sense of urgency and ability to meet deadlines.
• Professional demeanor and commitment to maintaining confidentiality.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must be able to remain in a stationary position 50% of the time, operate a computer and office equipment, and occasionally lift/move up to 15 pounds.