Financial Reporting Specialist
3 days ago
We are seeking a highly skilled Financial Reporting Specialist to join our team at The Sterling Organization LLC. This is an exciting opportunity for an experienced professional to work in a fast-paced environment and contribute to the success of our private equity funds.
About the RoleThe successful candidate will be responsible for ensuring the timely and accurate reporting of multiple real estate private equity funds. This includes preparing and reviewing financial statements, reconciliations, and other reports as required by investors and regulatory bodies.
Main Responsibilities- Accurate and timely preparation of financial statements and reports for multiple private equity funds
- Reconciliation and review of quarterly capital account statements, including maintenance of waterfall models, gross and net IRR's, and associated partner allocations
- Manage processes for capital calls, distributions, and related investor correspondence
- Maintain line of credit balances and associated cash forecast for the Funds
- Preparation and review of quarterly investor-level questionnaires
- Evaluate and continuously enhance existing procedures related to the Fund Accounting department
- Continuously explore technology-based solutions for investment management platform and accounting, providing paths to increased efficiencies where applicable
- Initiate and manage procedural changes where necessary and take ownership of all relevant processes
- Manage audit processes for existing eight and any future funds
- Ad hoc financial analysis and special projects as assigned
- Minimum of a BS in Accounting or Finance (CPA preferred, MBA is a plus)
- 8-15 years of relevant experience in Fund Accounting, experience with top 10 CPA firm desired
- Knowledge of closed-end fund structures (subsequent closes, capital calls, distributions), PE fee structures (management fees, carried interest), private portfolio company investment transactions, and valuation approaches
- Experience with Investment Company Accounting (Fair Market Value, GAAP Accounting, Etc.)
- Working knowledge of a PE Accounting Ledger and associated systems, Yardi system experience desired
- Systems implementation experience is a plus
- Focus on service and quality of information for internal and external clients
- Ability to multi-task and reprioritize
- Team-oriented mentality
- Exceptional written and oral communication skills
- Must be proficient in Microsoft Excel
The Sterling Organization LLC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, ethnicity, age, disability, veteran status, marital status, or any other characteristic protected by law.
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