Real Estate Fund Accounting Specialist

6 days ago


Charlotte, North Carolina, United States Grubb Properties Full time
Job Title: Real Estate Fund Accountant

Job Summary:

We are seeking a highly skilled and detail-oriented Real Estate Fund Accountant to join our team at Grubb Properties. As a key member of our financial operations team, you will play a pivotal role in ensuring the accuracy, compliance, and transparency of our real estate fund accounting.

Key Responsibilities:

  • Invoice Management: Sort, scan, and accurately enter invoices into the accounts payable system.
  • Vendor Management: Set up new vendors for payment processing and verify annual vendor tax documentation, including issuing Form 1099.
  • Bank Reconciliation: Prepare bank reconciliations monthly, ensuring up-to-date and accurate cash balances for assigned bank accounts.
  • Financial Reporting: Prepare and present financial reports, detailing investment performance, cash flow, and financial position.
  • Investor Accounts: Manage investor contributions and distributions, ensuring compliance with agreements and calculating profit allocations.
  • Legal Compliance: Review and ensure the accuracy of legal and financial documents, managing the billing process.
  • Cash Flow Management: Forecast cash flow needs and ensure timely fund transfers between investments.
  • Tax and Audit Support: Assist in tax filings, audits, and year-end reporting to ensure compliance with all regulations.
  • Accounting Standards: Stay current with accounting regulations and ensure fund accounting practices adhere to relevant standards.
  • Asset Valuation: Assist in periodic asset valuations and cost tracking for acquisitions or developments.
  • Third-Party Coordination: Liaise with third-party service providers for fund administration and accounting needs.

Requirements:

  • Education: Bachelor's degree in finance, accounting, economics, or related field.
  • Experience: 1-3 years of relevant accounting or finance experience.
  • Skills: Proficiency in financial software and tools, especially Microsoft Excel. Experience in Yardi Investment Management software is a plus.

Our Culture:

At Grubb Properties, we value trust, collaboration, respect, integrity, customer focus, continuous improvement, and community creation. We strive to create exceptional value for our investors, customers, and the communities we serve.



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