Manager, Finance and Operations (BSREP V)

Brookfield Asset Management LLC; New York (NY); On-site; USD 140,000 - 160,000; Full time

Job summary

Brookfield Asset Management LLC is seeking an experienced finance professional in New York to oversee fund accounting functions for its real estate group. The role focuses on GAAP-based financial reporting, coordination with external auditors, and management of fund operations and treasuries.

Responsibilities include supervising reporting processes, investor communications, and ensuring accuracy of quarterly and annual financials.

Qualifications

• 5-6 years of experience with a mix of public/private accounting.
• Fund accounting experience required; PE Real Estate experience strongly preferred.
• Strong understanding of US GAAP principles and financial reporting.

Responsibilities

• Review financial statements in accordance with US GAAP – Investment Company Accounting and IFRS.
• Assist with external audit and tax reporting processes with big 4 firms.
• Oversee the fund’s operations and credit facility maintenance.
• Oversee and manage third-party fund administrator.
• Ownership of the fund’s reporting and compliance processes, including GAAP quarterly financials, annual audited financials, tax, and LP/GP reporting.

Skills

US GAAP

Fund accounting

Excel

Investran

CPA

Education

CPA certification

Tools

Investran

Excel

Job description

Location

Brookfield Place New York - 225 Liberty Street, 8th Floor Business - Real Estate Brookfield Real Estate Group is one of Brookfield’s primary operating groups. The Real Estate Group is one of the world's largest investors in real estate, with a global portfolio that includes office, retail, multifamily, logistics, hospitality and alternative real estate assets on five continents. The Group owns and operates approximately $268 billion of assets representing the most iconic properties in the world’s most dynamic markets. We seek to generate value by leveraging our operating expertise and focusing on our core real estate capabilities of leasing, financing, development, design and construction as well as property and facilities management. For more information, visit https://www.brookfield.com/our-businesses/real-estate.

Brookfield Culture

Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description Initial Responsibilities

• Review financial statements in accordance with US GAAP – Investment Company Accounting and IFRS
• Assist with the external audit and tax reporting processes with big 4 firms
• Oversee the fund’s operations and credit facility maintenance
• Oversee and manage third-party fund administrator
• Ownership of the fund’s reporting and compliance processes, including but not limited to GAAP quarterly financial, annual audited financials, tax, and LP/GP reporting
• Assist and coordinate with other departments to fulfill fund operations, reporting requirements and responding to inquiries from investors
• Review management fee and waterfall calculations
• Monitor liquidity and manage capital calls, facilitate distributions, and review wires
• Strong understanding of fund agreements, tax structures and compliance requirements
• Perform tasks related to forecasting process, treasury activities, financial risk assessments and exposures
• Oversee investor reporting
• Train, mentor, motivate and direct members of the team
• Other fund’s operations

Requirements

• 5-6 years of experience with a mix of public/private accounting
• Fund accounting experience required; PE Real Estate experience strongly preferred
• Hands-on and high standards for accuracy and quality; Thorough and meticulous with extreme focus on details
• Can work in a dynamic, complex, fast-paced environment, adapt quickly to manage changing priorities and deadlines
• Ability to multitask with good time management skills to meet multiple reporting deadlines
• Strategic thinker that can think outside the box, focused on efficiency and improving existing processes
• Strong understanding of US GAAP principles and financial reporting technical skills
• Strong written and verbal communication skills
• Team oriented with good coaching skills
• Experience with Investran a plus
• Advanced knowledge of Microsoft Excel
• Certified Public Accountant certification strongly preferred

Salary Range

$140,000 - $160,000 Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education and designations.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.

We are proud to create a diverse environment and are proud to be an equal opportunity employer.

Brookfield Asset Management is a leading global alternative asset manager with over US$1 trillion of assets under management across real estate, infrastructure, renewable power and transition, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

Brookfield Asset Management Ltd. (BAM) is a public company listed on the New York (NYSE: BAM) and Toronto (TSX: BAM) stock exchanges. Brookfield Corporation is a public company listed on the New York (NYSE: BN) and Toronto (TSX: BN) stock exchanges.