Fund Accounting Manager

LeoForce; Grapevine (TX); On-site; USD 100,000 - 120,000; Full time

Job summary

LeoForce in Grapevine, TX is seeking an experienced Fund Accounting Manager / Assistant Controller with a strong background in real estate and investment fund accounting.

The role oversees month-end close, fund-level reporting, GP/LP structures, investor allocations, waterfalls, and capital activity, with growth toward a Controller position. Work with auditors, PPMs, operating agreements, and investor reporting while improving accounting processes.

Qualifications

• 5+ years of accounting experience.
• Real estate fund accounting experience required.
• Fund accounting or fund management understanding.
• GP/LP structures knowledge.
• Experience with waterfalls, capital calls & distributions.
• Familiarity with PPMs and fund governing documents.
• Strong month-end close and financial reporting skills.
• Experience in private equity real estate or related field.

Responsibilities

• Manage month-end, quarter-end, and year-end close processes.
• Perform and review fund-level accounting and financial reporting.
• Manage accounting related to GP and LP structures.
• Prepare and review capital calls and distributions.
• Calculate and review investor allocations and waterfall calculations.
• Maintain accurate accounting records across funds and investment entities.
• Work with PPMs, operating agreements, and other fund documents.
• Assist with investor and management reporting.
• Prepare reconciliations and supporting schedules.
• Coordinate with external auditors, tax providers, fund administrators, and third-party partners.
• Support accounting and reporting for real estate investments and related entities.
• Help improve accounting processes, controls, and reporting as the organization grows.
• Take on increasing ownership of the accounting function with potential to become Controller.

Skills

5+ years accounting experience

Real estate fund accounting

GP/LP structures understanding

Investor allocations & waterfalls

Private equity real estate experience

Independent work ethic

Tools

Excel

Job description

Experience: Mid Level

Salary: $100,000 - $120,000 per year

Job Details

We are seeking an experienced Fund Accounting Manager / Assistant Controller with a strong background in real estate and investment fund accounting.

The ideal candidate will have 5+ years of accounting experience and an understanding of real estate fund structures. This person will play a key role in the accounting and reporting function and should be comfortable working with GP/LP structures, investor allocations, waterfalls, capital activity, and month-end close.

Responsibilities:

• Manage month-end, quarter-end, and year-end close processes
• Perform and review fund-level accounting and financial reporting
• Manage accounting related to GP and LP structures
• Prepare and review capital calls and distributions
• Calculate and review investor allocations and waterfall calculations
• Maintain accurate accounting records across funds and investment entities
• Work with Private Placement Memorandums (PPMs), operating agreements, and other fund documentation
• Assist with investor and management reporting
• Prepare account reconciliations and supporting schedules
• Coordinate with external auditors, tax providers, fund administrators, and other third-party partners as needed
• Support accounting and reporting for real estate investments and related entities
• Help improve accounting processes, controls, and reporting as the organization continues to grow
• Take on increasing ownership of the accounting function with the opportunity to grow into a Controller-level role

Qualifications:

• 5+ years of accounting experience
• Real estate accounting experience required
• Fund accounting or fund management experience strongly preferred
• Understanding of GP/LP structures
• Experience with waterfalls, capital calls, distributions, and investor allocations
• Familiarity with PPMs and fund governing documents
• Strong month-end close experience
• Experience within private equity real estate, real estate investment management, or a similar environment preferred
• Strong Excel and financial reporting skills
• Ability to work independently and take ownership of the accounting function

A bit about us:

We are a growing real estate investment firm focused on acquiring, managing, and growing a diversified portfolio of real estate investments.

As the organization continues to grow, we are looking to add an experienced accounting professional who understands both real estate and fund accounting and is ready to take on greater ownership within the organization.

This is an excellent opportunity for a strong Fund Accountant or Accounting Manager who is ready to take the next step toward a Controller-level position.

Why join us?

• Opportunity to step into a highly visible role with significant ownership
• Clear opportunity for growth into a Controller-level position
• Work directly with senior leadership and key decision-makers
• Exposure to the full lifecycle of real estate funds and investments
• Broad responsibilities across fund accounting, financial reporting, investor activity, and operations
• Growing real estate investment platform

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