Fund Accounting Director

CBRE; BLOOMINGTON (MN); On-site; USD 160,000 - 180,000; Full time

Job summary

CBRE is seeking a Director of Fund Accounting in the United States to lead a team of accountants responsible for accurate financial reporting of assigned real estate portfolios. The role focuses on strategic financial analysis, budgeting, and client relationship management within the CBRE framework.

Responsibilities include overseeing fund structuring and maintenance, coordinating year-end audits, and driving process improvements through automation.

Qualifications

• Bachelor’s degree in accounting or finance required.
• 8-12 years of accounting experience or equivalent.
• Experience with complex real estate accounting and consolidations.
• GAAP/FASB knowledge and ability to interpret LPAs.

Responsibilities

• Review fund financial statements and provide strategic insights.
• Manage capital requests and budgeting processes.
• Oversee fund structuring, set-up, and maintenance.
• Deliver high-quality work products and meet deadlines.
• Lead consolidation, income allocation, and financial reporting.

Skills

Leadership

Strategic planning

Stakeholder management

Staff development

Multitasking

Education

Bachelor’s degree in accounting or finance

Tools

Yardi

Microsoft Excel

Job description

AboutThe Role:

Asa CBRE Fund Accounting Director, you will be responsible for overseeing the strategic direction and execution of fund accounting activities. You will manage a team of accountants and ensure the accuracy and integrity of financial reporting for assigned portfolios.

WhatYou'll Do:

• Review fund financial statements and provide strategic insights and analysis. Assess financial performance, provide a forward-looking perspective, and offer strategic advice to the client management team.
• Manage capital requests and budgeting processes, including reviewing new contracts and business opportunities. May oversee multiple transactions of varying complexity.
• Oversee fund structuring, including set-up and ongoing maintenance, joint venture structuring, related inquiries, subscriptions, and redemption terms and conditions.
• Ensure the delivery of high-quality work products and consistently meet deadlines. Serve as a subject matter expert in real estate and/or debt accounting under U.S. GAAP.
• Implement best practices through automation and effective controls, while continuously optimizing the operating model.
• Serve as a subject matter expert in consolidation, income allocation, and financial statement reporting.
• Manage portfolio budgets, forecasts, and reports for clients and investors.
• Act as a liaison and strategically build relationships with key internal partners across CBRE departments, as well as external stakeholders, including clients and third-party service providers.
• Coordinate year-end audit and tax processes to ensure efficient execution and enhance client experience. Collaborate internally to address special requirements as defined in the Management Agreement and scope of services under the Financial Services Agreement.
• Provide formal supervision to employees. Monitor the training and development of staff. Conduct performance evaluations and coaching. Oversee the recruiting and hiring of new employees.
• Coordinate and manage the team's daily activities. Establish work schedules, assign tasks, and cross-train staff. Set and track staff and department deadlines. Mentor and coach as needed.
• Significantly improve and change existing methods, processes, and standards within job discipline.

WhatYou'll Need:

Toperform this job successfully, an individual will need to perform each crucialduty satisfactorily. The requirements listed below are representative of theknowledge, skill, and/or ability required. Reasonable accommodations may bemade to enable individuals with disabilities to perform essential functions.

• Bachelor’s degree in accounting or finance and 8-12 years of accounting experience, or an equivalent combination of education and experience, required.
• Prior experience with complex real estate open-ended funds, including consolidation, non-controlling interests, joint ventures, and multi-jurisdictional structures.
• Deep knowledge of real estate accounting software; Yardi experience is a plus.
• Expertise in Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations.
• High level of confidence in reading and interpreting Limited Partnership Agreements (LPAs) and providing guidance to CBRE accounting teams and clients.
• Ability to multitask, prioritize effectively, and ensure multiple deadlines are met.
• Strong communication, coordination, and stakeholder management skills.
• Experience in the areas of staffing, selection, training, development, coaching, mentoring, measuring, appraising, and rewarding performance and retention is preferred.
• Ability to lead the exchange of sensitive, complicated, and difficult information, convey performance expectations, and handle problems.
• Leadership skills to motivate the team to achieve broad operational targets with impacts on own job discipline, multiple job disciplines, and department.
• In-depth knowledge of Microsoft Office products. Examples include Word, Excel, Outlook, etc.
• Expert organizational skills and an advanced inquisitive mindset.
• Ability to identify and solve technical and operational problems of complexity.
• Ability to build relationships with key stakeholders and leaders to ensure objectives are being met.

CBRE carefullyconsiders multiple factors to determine compensation, including a candidate’seducation, training, and experience. The minimum salary for this position is $160,000annually and the maximum salary for this position is $180,000 annually. Thecompensation that is offered to a successful candidate will depend on thecandidate’s skills, qualifications, and experience. Successful candidates willalso be eligible for a discretionary bonus based on CBRE’s applicable benefitprogram.

CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for this position is $160,000 annually and the maximum salary for this position is $180,000 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE’s applicable benefit program.

Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at [e-mail] or via telephone at [phone] (U.S.) and [phone] (Canada).

CBRE, Inc. is an Equal Opportunity and Affiantive Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)