Senior Fund Accountant

Foundry Commercial; Atlanta (GA); On-site; USD 90,000 - 120,000; Full time

Job summary

Foundry Commercial seeks an experienced Senior Fund Accountant to lead financial reporting and fund operations across multiple real estate investment funds. You will prepare consolidated financial statements, investor reporting, and liaise with fund administrators, lenders, and auditors.

The role emphasizes waterfall calculations, capital activity, and quarterly reporting, with focus on accuracy, process improvement, and use of AI tools to streamline workflows.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• CPA license preferred.
• 5+ years of experience in fund accounting.
• Experience with financial reporting, consolidations, and waterfall models.
• Knowledge of open-end and closed-end fund structures.
• Experience with Yardi, Bill.com, and working fund administrators preferred.
• High attention to detail and accuracy.
• Focus on understanding and improving existing processes through structure/technology implementation.
• Strong organizational skills and ability to manage multiple priorities and deadlines.
• Proficiency in Excel and financial reporting tools.

Responsibilities

• Prepare and review multi-tiered waterfall calculations against fund governing documents.
• Oversee fund administrator preparation of capital call and distribution calculations and notices.
• Reconcile capital activity calculations to investor notices and investor portal CRM.
• Monitor and review property draw/distribution activity templates and wire preparations.
• Aggregate property-level financials and transaction support for fund administrator to produce quarterly books and records.
• Review P&L allocations to ensure accuracy of fair value adjustments, investment activity, and capital movements.
• Perform consolidation of multiple entities across complex ownership structures.
• Lead preparation and review of face financial statements and footnote disclosures, including IRRs and expense ratios.
• Coordinate with external auditors for interim and year-end testing.
• Compile financial statement support for borrower and guarantor reporting.
• Prepare compliance certificates and calculate covenant tests (DSCR, liquidity, net worth).
• Maintain loan covenant log and real estate schedule to track debt and equity capitalization.
• Act as primary contact with investors on accounting and performance-related matters.
• Ensure timely recording of subscriptions and transfers in accordance with transaction agreements.
• Provide financial accounting information to Foundry Investment Management team to support preparation of quarterly investor materials.
• Review quarterly investor materials for internal consistency and accuracy.

Skills

Waterfall modeling

Financial reporting

Consolidations

Investor reporting

Excel proficiency

Fund structures

Process improvement

Organizational skills

Attention to detail

Investor communications

Education

Bachelor's degree in Accounting/Finance

CPA license preferred

Tools

Yardi

Bill.com

CRM systems

Job description

At Foundry, we serve our clients best by attracting and unleashing the most talented and courageous professionals in industry, all while having fun and building a lasting impact on the broader community. Don’t just take our word for it. The best way to experience our culture is to immerse yourself in it. But be prepared –it’s contagious! Position Description: We are seeking an experienced and detail-oriented Senior Fund Accountant to lead financial reporting and fund operations across multiple real estate investment funds. This individual will play a key role in financial statement preparation, consolidations, investor reporting, and coordinating with fund administrators while serving as a trusted point of contact for investors, lenders and auditors. Essential Job Functions: Waterfalls & Capital Activity

• Prepare and review multi-tiered waterfall calculations against fund governing documents.
• Oversee fund administrator preparation of capital call and distribution calculations and notices.
• Reconcile capital activity calculations to investor notices and investor portal CRM.
• Monitor and review property draw/distribution activity templates and wire preparations. Quarter-End Close & Financial Reporting
• Aggregate property-level financials and transaction support for fund administrator to produce quarterly books and records.
• Review P&L allocations to ensure accuracy of fair value adjustments, investment activity, and capital movements.
• Perform consolidation of multiple entities across complex ownership structures.
• Lead preparation and review of face financial statements and footnote disclosures, including financial highlights. Ensure accuracy of financial highlights including IRRs and expense ratios.
• Coordinate with external auditors for interim and year-end testing. Lender Compliance & Reporting
• Compile financial statement support for borrower and guarantor reporting.
• Prepare compliance certificates and calculate covenant tests (e.g., DSCR, liquidity, net worth). Serve as a primary contact for lender inquiries.
• Maintain loan covenant log and real estate schedule to track debt and equity capitalization for Foundry’s commercial real estate portfolio. Investor Reporting
• Act as primary contact with investors on accounting and performance-related matters.
• Ensure timely and accurate recording of subscriptions and transfers in accordance with transaction agreements.
• Provide financial accounting information to Foundry Investment Management team to support preparation of quarterly investor materials.
• Review quarterly investor materials for internal consistency and accuracy. Accounts Payable & Expense Management
• Oversee funds accounts payable process in Bill.com and review expense coding for JSQ-administered entities. Ensure prompt payment of vendor invoices.
• Maintain entity-level expense forecasts to ensure timely payments and liquidity. Education & Skills Required:
• Bachelor’s degree in Accounting, Finance, or related field. CPA license preferred.
• 5+ years of experience in fund accounting, preferably in real estate, private credit, or private equity.
• Experience with financial reporting, accounting consolidations, and waterfall models.
• Knowledge of differences between open end and close end fund structures.
• Experience with Yardi, Bill.com, and working fund administrators preferred.
• High attention to detail and accuracy.
• Focus on understanding and improving existing processes through structure/technology implementation, and intuition for practical applications of AI tools.
• Strong organizational skills, with ability to manage multiple priorities and meet deadlines.
• Proficiency in Excel and financial reporting tools.