Fund Finance Director

Digital Realty; Town of Vernon (NY); On-site; USD 225,000 - 250,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

401k match

Stock purchase plan

Paid time off

Job summary

Digital Realty is seeking a Fund Finance Manager to lead the financial management and reporting for private equity real estate funds. The role oversees fund accounting, investor allocations, and NAV calculations, partnering with investor relations, tax, and auditors.

The position requires strong experience in fund accounting, US GAAP, and capital call processes, with exposure to waterfall mechanics and performance metrics like IRR and MOIC. Based in New York/Boston/Austin/Dallas markets.

Qualifications

• Demonstrated experience in fund accounting, fund finance, or private equity real estate finance.
• Strong knowledge of US GAAP and private equity real estate fund accounting and reporting.
• Experience with partnership accounting, capital accounts, waterfalls, carried interest, and investor allocations.
• Experience calculating and overseeing NAV and real estate valuation processes.
• Experience preparing or overseeing investor reporting and fund performance metrics, including IRR and MOIC.
• Experience managing external audits, tax reporting, fund administrators, and third-party valuation providers.

Responsibilities

• Oversee fund-level and investment-level accounting and ensure timely and accurate monthly, quarterly, and annual financial reporting in accordance with fund partnership agreements and applicable standards.
• Establish and maintain financial and performance reporting policies and procedures aligned with applicable standards and governing bodies, including US GAAP, SEC, PREA, GIPS, and NCREIF requirements.
• Oversee capital calls, distributions, investor contributions, and allocations of income, expenses, gains, losses, and fees; review waterfall calculations, carried interest, preferred returns, catch-up provisions, capital accounts, and ownership percentages.
• Calculate and review quarterly and annual fund NAVs, ensuring consistency across valuation inputs, asset performance, financial reporting, and third-party valuations; coordinate annual budgets and leasing updates with Altus as applicable.
• Oversee investor reporting packages, including quarterly financial statements, capital account statements, and performance metrics such as IRR, MOIC, and distributions, while partnering with Investor Relations to address investor inquiries.
• Serve as a primary contact for external auditors, fund administrators, and tax advisors; lead annual fund audits, review audited financial statements and management representation letters, and coordinate tax reporting, including K-1s.
• Support acquisitions, dispositions, financings , recapitalizations, and related transaction accounting from a fund accounting perspective; including reviewing transaction models, coordinating closing and post-closing accounting, and assessing investor allocation and reporting impacts.
• Partner with Acquisitions and Asset Management to monitor financial covenant compliance, cash flow performance, fund-level financial activity, and other portfolio reporting requirements.
• Oversee fund accounting systems, general ledger integrity, reporting tools, internal controls, and documentation standards while driving automation and process improvements across financial reporting cycles.
• Support the continued scalability of fund accounting operations, including new fund launches and investment strategies, while ensuring compliance with partnership agreements, regulatory requirements, valuation policies, and internal controls.

Skills

Fund accounting

US GAAP

Private equity finance

Investor reporting

NAV calculations

Audit coordination

Waterfall calculations

Cross-functional collaboration

Job description

Job Description

Position Title: Fund Finance Manager

Location: New York, NY Boston, MA, Austin, TX, Dallas, TX

Your role

The Fund Finance Manager is responsible for the overall financial management, accounting integrity, and reporting accuracy of private equity real estate funds and/or separate accounts. This role oversees fund accounting, investor allocations, NAV, financial and investor reporting, and compliance while supporting portfolio operations, capital markets activity, transactions, and fund-level decision-making. The role partners closely with investment teams, Asset Management, Treasury, Investor Relations, tax advisors, auditors, fund administrators, and other key stakeholders.

What You’ll Do

• Oversee fund-level and investment-level accounting and ensure timely and accurate monthly, quarterly, and annual financial reporting in accordance with fund partnership agreements and applicable standards.
• Establish and maintain financial and performance reporting policies and procedures aligned with applicable standards and governing bodies, including US GAAP, SEC, PREA, GIPS, and NCREIF requirements.
• Oversee capital calls, distributions, investor contributions, and allocations of income, expenses, gains, losses, and fees; review waterfall calculations, carried interest, preferred returns, catch-up provisions, capital accounts, and ownership percentages.
• Calculate and review quarterly and annual fund NAVs, ensuring consistency across valuation inputs, asset performance, financial reporting, and third-party valuations; coordinate annual budgets and leasing updates with Altus as applicable.
• Oversee investor reporting packages, including quarterly financial statements, capital account statements, and performance metrics such as IRR, MOIC, and distributions, while partnering with Investor Relations to address investor inquiries.
• Serve as a primary contact for external auditors, fund administrators, and tax advisors; lead annual fund audits, review audited financial statements and management representation letters, and coordinate tax reporting, including K-1s.
• Support acquisitions, dispositions, financings, and recapitalizations from a fund accounting perspective, including reviewing transaction models, coordinating closing and post-closing accounting, and assessing investor allocation and reporting impacts.
• Partner with Acquisitions and Asset Management to monitor financial covenant compliance, cash flow performance, fund-level financial activity, and other portfolio reporting requirements.
• Oversee fund accounting systems, general ledger integrity, reporting tools, internal controls, and documentation standards while driving automation and process improvements across financial reporting cycles.
• Support the continued scalability of fund accounting operations, including new fund launches and investment strategies, while ensuring compliance with partnership agreements, regulatory requirements, valuation policies, and internal controls.

What You’ll Need

• Demonstrated experience in fund accounting, fund finance, or private equity real estate finance.
• Strong knowledge of US GAAP and private equity real estate fund accounting and reporting.
• Experience with partnership accounting, capital accounts, waterfalls, carried interest, preferred returns, and investor allocations.
• Experience calculating and overseeing NAV and real estate valuation processes.
• Experience preparing or overseeing investor reporting and fund performance metrics, including IRR and MOIC.
• Experience managing external audits, tax reporting, fund administrators, and third-party valuation providers.
• Strong understanding of partnership agreements, regulatory requirements, internal controls, and financial reporting standards.
• Experience supporting acquisitions, dispositions, financings , recapitalizations, and related transaction accounting.
• Experience with fund accounting systems, general ledger controls, reporting tools, automation, and process improvement.
• Strong cross-functional communication and stakeholder management skills with the ability to partner across investment, asset management, treasury, tax, audit, and investor relations teams.

A Bit About Us

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL ®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture ( PDx ®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 25+ countries on six continents.

To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.

A Bit About Our Team

Finance

Our Finance team works in one of the world’s fastest growing and most exciting business sectors. We use our financial expertise and commercial awareness to support and develop an international, publicly-listed organization. From managing budgets to financial planning, we deliver a full range of finance and accounting services to help our business stay on track and meet our goals. We also have other specialist areas of expertise including Portfolio Management and Lease Administration.

What We Can Offer You

Our rapidly evolving business sector offers the opportunity to be part of a courageous and passionate team who work together to understand and meet the changing needs of our global customers.

Join us and you’ll be part of a supportive and inclusive environment where you can bring your whole self to work. As part of our team, you’ll get to work with people from different business areas, challenge the way we do things and put your ideas into action. We’ll also give you plenty of development opportunities so you can build a rewarding and successful career with us.

Health and Safety

Safety isn't just a priority here at Digital; it's critical to everything we do. Safeguarding lives, protecting assets, and securing data aren't just ideals - they're essential pillars of our commitment to excellence for our people, our partners and our customers. We have a culture of care where every member of Team Digital embraces a relentless pursuit of working safely across Digital Realty. Together we are Safely Powering Progress.

Our Compensation Philosophy

Digital Realty offers its employees a highly competitive compensation package, excellent benefits, and an environment that recognizes and rewards your contributions. Central to our compensation philosophy is rewarding our employees for achieving the values and objectives aligned to the company's overall goals and values.

Digital Realty's published pay ranges reflect the minimum and maximum target for new hire pay for the full-time position determined by role, level and geographical location. Individual pay is based on additional factors including but not limited to job-related skills, experience and relevant education and/or training. Moreover, an employee’s total compensation package varies by role and may include salary, cash bonus or commissions and equity awards not quantified below.

Compensation range: $225,000 to $250,000 annually. This compensation range represents the Company’s good faith belief as to what it will pay as a base salary for this position at the time of this posting.

Benefits:

• medical
• dental
• vision
• life and AD&D insurance
• 401k match
• disability benefits
• wellness and education benefits
• employee stock purchase plan
• paid time off
• holidays
• and more.