Senior Fund Accountant - Open Ended Real Estate Funds

Standish Management, LLC; Raleigh (NC); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Health Insurance (medical)

Dental Insurance

Vision Insurance

Life Insurance

Health Savings Account

Flexible Spending Account

401K

Flexible Vacation Plan

Sick Time

Public Holidays

Flexible work environment

Job summary

Standish Management, LLC is seeking a Senior Fund Accountant for its real estate accounting and reporting team focused on an open-ended fund practice. The role covers quarterly NAV, investor reporting, and JV accounting, with exposure to a broad institutional real estate platform.

The Senior Fund Accountant will handle fund accounting, capital account maintenance, and financial statement preparation in collaboration with Engagement Fund Controllers and senior staff.

Qualifications

• Bachelor's degree in Finance/Accounting/Economics or related field.
• 4+ years of public accounting experience or equivalent.
• CPA is a plus.
• Real Estate Private Equity experience preferred, open-ended funds a plus.
• Knowledge of investment accounting concepts.
• Proficient in MS Office (Excel, Word, Outlook).
• Strong attention to detail and ability to multitask.
• Team-oriented with good communication skills.

Responsibilities

• Lead the quarterly NAV process for a portfolio of client funds, including NAV calculations and investor statements.
• Prepare and review capital calls and distributions; manage contribution and redemption queues.
• Lead quarterly and annual financial reporting and performance reporting (IRR, TWR, equity multiples).
• Calculate partnership income allocations, waterfalls, and carried interest per LPA/JV terms.
• Supervise audit and tax preparation processes; mentor junior staff.

Skills

Attention to detail

Multitasking

Teamwork

Communication

Organizational skills

Public accounting experience

Education

Bachelor's Degree in Finance/Accounting/Economics

CPA (preferred)

Tools

Excel

Word

Outlook

Job description

Job Description

We're looking for a Senior Fund Accountant to join our real estate accounting and reporting team for our open-end fund practice. The role touches quarterly NAV and investor reporting, joint venture accounting, REIT structures, and audit coordination. It suits someone with similar fund administration or public accounting experience who wants broad exposure to an institutional real estate platform.

Job Description

We're looking for a Senior Fund Accountant to join our real estate accounting and reporting team for our open-end fund practice. The role touches quarterly NAV and investor reporting, joint venture accounting, REIT structures, and audit coordination. It suits someone with similar fund administration or public accounting experience who wants broad exposure to an institutional real estate platform.

A Senior Fund Accountant at Standish is responsible for fund accounting, capital account maintenance and financial statement preparation for clients in conjunction with the Engagement Fund Controllers, Managers and Senior managers.

Essential Functions

• Lead the preparation and review of the quarterly NAV process for a portfolio of client funds, preparing and reviewing NAV calculations, unit valuations, and investor capital statements, including subscriptions, redemptions, and dividend reinvestments.
• Prepare and review capital call and distribution notices and manage contribution and redemption queues in coordination with clients
• Lead quarterly and annual financial reporting and performance reporting (IRR, TWR, equity multiples etc.) for client funds, delivering GP and LP reporting packages within agreed timelines
• Calculate partnership income allocations, distribution waterfalls, and carried interest/promote for funds and joint venture investments in accordance with LPA and JV agreement terms.
• Supervision of the audit and tax preparation process
• Mentor and review the work of fund accountants

Minimum Requirements

• Bachelor's Degree (Finance/Accounting/Economics concentration preferred)
• 4+ years of public accounting experience or equivalent
• CPA is a plus
• Previous Real Estate Private Equity preferably with open-ended fund experience
• Knowledge of various investment accounting concepts
• Proficiency in Microsoft Office applications, particularly Excel, Word & Outlook
• Attention to detail
• Ability to multitask
• Ability to work in a team and individually
• Ability to effectively communicate to team members
• Strong organizational skills and work ethic

Benefits

• Comprehensive medical, dental, vision coverage, along with life insurance, Health Savings Account and Flexible Spending Account options
• Comprehensive disability/maternity and paternity plans
• 401K
• Flexible Vacation Plan
• Sick Time Accrual Plan
• Standard holidays along with year-end office closure
• A flexible work environment for all employees