Manager Private Equity Accounting
MANAGER, PRIVATE EQUITY, REAL ESTATE INVESTMENT FUNDS
Main Job Functions/Responsibilities
Accounting:
- Review/Prepare Quarterly/Monthly reports and working papers, which includes:
- Cash and Position Reconciliations
- Expense Accruals
- Agree Dividends and Interest Accruals if applicable
- Review all capital activity pertaining to the funds (Capital Call and Distribution processing)
- Review Limited Partner and General partners/Shareholder Allocation ; calculations/schedules – includes review of Admin/Management fees/Waterfall/Clawback calculations
- Trial balances and related working papers
- Financial statements, footnotes and Partner Capital Statements
Operations:
- Overall responsibility for client relationships and meetings
- Interact with Senior Management and clients
- Review procedures and recommend solutions in order to improve efficiencies
- Ensure adherence to all internal and external audit standards
- Coordinate, manage and monitor external audit process
- Liaise with clients and assist them on accounting and administrative issues and relevant developments
- Provide technical accounting/industry knowledge to clients
- Review client partnership agreements, PPM’s and other materials
- Implementation of fund structures onto accounting system
- Preparation of client service plans including annual budget
Team Management:
- Review the work of team members and provide feedback for improvement in order to guarantee timely delivery and quality of work
- Monitor and track team performance and profitability in order to meet the client service level agreements and achieve financial targets
- Plan resources in line with business demands, participate in the recruitment and selection process, lead, coach, develop and appraise employees within the team
- Establish plan for new client setup and transitions
- Keep Senior Management abreast of all material issues affecting the processing of deliverables
- Ad Hoc Reports requests and operations metrics as required by management
- Implement training initiatives
Education, Qualifications and Experience
- Bachelor or Master level degree (in accounting, finance, economics)
- Professional accounting designation (e.g. CA, CMA, CGA) required
- 7+ years PQE in real estate and/or private equity, or a combination of audit and RE/PE experience
- Strong leadership skills and supervisory experience of other professionals
- Knowledge and experience in IFRS and US GAAP preferred
- Knowledge and experience in real estate/private equity accounting systems (Investran, Yardi, MRI, etc.) a plus
- Experience in reviewing and preparing general ledgers and financial statements
- Project management skills with attention to detail and proven ability to multi-task
- Strong written and verbal communication skills
- Advanced computer skills (Microsoft Excel)
Key Competencies
- Business, Technical Commercial Awareness
- Quality and Risk Control
- Problem Solving
- Client Service
- Communication
- Teamwork
- Coaching
- Drive for Results
- Adaptability
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