Manager, Fund Accounting

1KD THR Property Management LP; Dallas (TX); On-site; USD 80,000 - 139,000; Full time

Benefits offered by this job

Annual bonus

Health insurance

401(k) with company matching

Paid time off

Casual dress

Job summary

Invitation Homes seeks a Manager, Fund Accounting to lead debt and JV reporting, build a capable team, and ensure timely, accurate financial packages for internal stakeholders, lenders and JV partners.

The role involves debt transactions, capital calls, distributions, equity pick-ups, and other investment reporting duties with potential SEC filing support.

Qualifications

• Strong knowledge of U.S. GAAP.
• Bachelor’s degree in Accounting required; CPA preferred or candidate.
• 5+ years of fund/investment accounting experience; public accounting a plus.
• 2+ years of supervising and managing a team.

Responsibilities

• Oversee the reporting process for Debt and JV entities to ensure timely, accurate financials.
• Review JV entity-level accounting: debt, capital calls, distributions, equity pick-ups.
• Prepare debt-related calculations: roll-forwards, amortization, derivatives, and schedules.
• Coordinate construction lending portfolio accounting and related activity.
• Interpret partnership/JV agreements and related investment documents.
• Collaborate with JV partners, senior leadership, and cross-functional teams.
• Support budgeting, variance analysis, and SOX/compliance.

Skills

US GAAP

CPA

Team supervision

Yardi

Financial reporting

Education

Bachelor’s degree in Accounting

CPA or CPA candidate

Tools

Excel

Job description

Invitation Homes is a fast-paced, evolving publicly traded REIT which is pioneering a new industry with over 100,000 single family rental homes for lease and a market capitalization of over $16 billion. We are a team of more than 1,700 associates who come from all walks of life. We call different communities “home,” but our shared values bind us together. Invitation Homes is a place where possibility lives. We need dedicated, organized, and detail-oriented accounting professionals to provide timely and accurate financial information to our partners in the field and at our corporate offices as well as to our shareholders. We are seeking a Manager, Fund Accounting to join an energetic and collaborative accounting team that encourages creative thinking and innovative ideas to optimize success. We strive to attract talent that enjoys working in a dynamic environment, welcomes opportunities to learn various aspects of the single-family residential business, and embraces collaboration with Senior Leadership. If you are a motivated, passionate, quick learner looking for unique career experiences, this role is waiting for you!

Job Summary

The Manager, Fund Accounting has two primary responsibilities: (1) overseeing accurate and timely preparation and delivery of recurring financial reporting packages for Debt and Joint Venture (JV) entities; and (2) onboarding and developing a team of associates to execute those functions. These reporting packages relate to the activities of both Invitation Homes and its partners, resulting in delivery of financial information to internal stakeholders, lenders and JV partners. This role also assists in the preparation of debt transactions, construction lending accounting entries, capital call notices, distribution notices, equity pick-ups, and other investment reporting requirements and may also assist with quarterly and annual SEC filings. The Manager, Fund Accounting will encourage the development of associates through ongoing performance management, career development conversations, training, and mentoring.

Essential Job Duties and Responsibilities

• Manage the reporting process for Debt and JV entities to ensure accurate reporting within established closing and reporting calendars, including preparation and review of deliverables and adherence to established deadlines.
• Oversee and review all areas of JV entity-level accounting including, but not limited to, debt transactions, capital calls, distributions, equity pick-ups, other expenses, and monthly and quarterly journal entries.
• Prepare and review debt-related calculations and schedules including, but not limited to, debt roll-forwards and reconciliations, recognition and amortization of deferred financing costs, accounting for derivatives and swaps, other expenses, and monthly and quarterly journal entries.
• Prepare and review construction lending portfolio accounting transaction and related activities, including accruals, reconciliations, current expected credit loss, fair value, cash management, and collaboration with cross-functional construction lending teams.
• Read and understand partnership and JV agreements, investment documents, entity structures, investment prospectuses, loan agreements, and interest rate swap agreements.
• Collaborate with internal and external customers and stakeholders, such as JV partner representatives, other corporate departments, field representatives, and Senior Leadership.
• Collaborate with internal and external teams regarding various confidential projects, including work with new entities or structures and reviewing draft and final documents, agreements, and information.
• Assist in the budget process and provide monthly, quarterly, and year-end variance to budget analysis.
• Encourage team engagement and create an environment to foster associate development.
• Establish, communicate, and train new policies and procedures, and liaise with internal and external auditors while ensuring SOX and other compliance and reporting matters are maintained.
• Participate in key projects and innovate processes to gain team efficiencies.
• Comply with policies, procedures, and controls and bring inconsistencies and problems to management’s attention.
• Perform other duties as assigned.

This job description in no way states or implies that these are the only duties to be performed by the associate incumbent in this position. Further, this document does not create an employment contract implied or otherwise, other than an “at will” relationship.

Education and/or Experience

• Strong knowledge of U.S. GAAP is required; CPA (or CPA candidate) highly desired.
• Bachelor’s degree in Accounting (or related field) is required.
• 5+ years of experience including fund or investment accounting, with public accounting experience a plus.
• 2+ years of experience supervising and managing a team.
• Experience in the real estate industry (or a large public company) and with Yardi is a plus.

Skills/Specialized Knowledge

• Highly self-motivated and directed with an ability to effectively prioritize and execute tasks in a fast-paced, dynamic environment.
• Proven analytical and problem-solving abilities including the ability to identify and implement best practices that improve the team’s effectiveness and efficiency.
• Ability to comprehend, analyze, and interpret complex documents.
• Proficient with Excel and excellent written, oral, and interpersonal communication skills, including an ability to effectively present information and build and manage key cross-functional relationships.
• Ability to prepare and deliver presentations to senior leadership, clearly communicating key insights, risks, and recommendations.
• High energy and a can-do attitude, exhibiting a responsible and responsive tenacity.
• Willingness and ability to be hands on to get the job done.
• Experience working both independently and, in a team-oriented, collaborative environment.

Other Requirements

• Must maintain professional appearance.
• Ability to be at work on a regular and consistent basis; overtime may be required for this position.

Physical and Mental Demands This position will spend long hours sitting and using office equipment and computers. The position may also entail light lifting of supplies and materials occasionally, up to and including 20 pounds in addition to reaching, stooping, standing, and walking. This position requires the ability to talk, hear, compare, compute, compile, copy, analyze, coordinate, synthesize, negotiate, and communicate. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions. Work Environment Standard office working environment that may be busy and noisy at times.

Salary Range

The salary range for this position is: $79,987.50 - $138,645.00, plus individuals may be eligible for an annual discretionary bonus. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications, location, and applicable employment laws.

Compensation and Benefits

• Annual bonus program
• Health, dental, vision, and life insurance
• Long-term and short-term disability insurance
• Generous paid time off plans include vacation accrual, sick time, standard holidays and floating holidays
• 401(k) with company matching contributions
• Awesome work environment with casual dress
• Team events and gatherings (Pre- and Post-Covid)

Invitation Homes is an equal opportunity employer committed to fostering a diverse, inclusive and innovative environment with the best associates. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, Veteran status or any other factor protected by applicable federal, state or local law. If you have a disability or special need that requires accommodation, please contact us at [e-mail].

Get to know us better on Comparably! As the nation's premier home leasing company, Invitation Homes provides over 80,000 high-quality homes for lease in 16 markets across the country. We are proud to be a member of these communities and to give Americans the opportunity to live in homes with features they value, such as proximity to jobs and access to good schools. The aggressive growth of our company creates many opportunities for achievement and upward mobility. We offer solid careers in a variety of positions, from superintendents to portfolio managers to accountants to software developers. We are looking for talented individuals to help us maintain and further our vision of providing the finest possible rental experience for our residents.