Fund Accounting Manager

Overview

Managing the financial operations of a substantial real estate debt portfolio, this newly established position offers direct collaboration with senior leadership in a specialized investment management firm headquartered in Southern California. The role demands a seasoned accounting professional with a strong foundation in public accounting and fund financials, tasked with overseeing complex investor reporting and cash management processes. Situated in El Segundo, this opportunity blends hands-on fund accounting with strategic oversight in a firm managing billions in commercial real estate assets.

Title: Fund Accounting Manager Industry: Real Estate Investment Management Location: West Los Angeles

Responsibilities

• Oversee the preparation and analysis of consolidated financial statements by coordinating with external fund administrators.
• Manage daily liquidity and cash operations, ensuring alignment with deal managers on funding requirements for closings.
• Compile and update monthly and quarterly investor reports, including limited partner statements and capital account reconciliations.
• Support capital call and distribution schedule preparation and review, maintaining accuracy and compliance.
• Conduct reconciliations between internal records and third-party administrators, custodians, and investor statements during transition projects.
• Review quarterly financial covenants and REIT asset and income tests to ensure adherence to lender requirements.
• Assist external auditors by providing necessary documentation and responding to audit inquiries.

Qualifications

• Must-Have:
• 3 to 4 years of public accounting experience with a focus on fund accounting, preferably involving real estate, private equity, or joint ventures.
• Strong proficiency in financial reporting, reconciliations, and investor communications.
• Excellent organizational skills with a detail-oriented approach to managing multiple priorities.
• Advanced skills in Microsoft Excel and familiarity with Microsoft Word and AI tools for enhanced productivity.
• Effective verbal and written communication skills, including experience addressing inquiries from limited partners, auditors, and administrators.
• Nice-to-Have:
• Background at a Big Four accounting firm and CPA certification.
• Experience with real estate debt fund accounting and knowledge of valuation models.
• Exposure to fund administration software such as Real Insight (training provided if needed).