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Real Estate Fund Accountant

2 months ago


Charlotte, North Carolina, United States Grubb Properties Full time
About the Role

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

Key Responsibilities
  1. Invoice Management: Sort, scan, and accurately enter invoices into the accounts payable system, ensuring timely payment and compliance with financial regulations.
  2. Vendor Management: Set up new vendors for payment processing and verify annual vendor tax documentation, including issuing Form 1099, to maintain accurate financial records.
  3. Bank Reconciliation: Prepare bank reconciliations monthly, ensuring up-to-date and accurate cash balances for assigned bank accounts, and identifying any discrepancies or errors.
  4. Financial Reporting: Prepare and present financial reports, detailing investment performance, cash flow, and financial position, to stakeholders and management.
  5. Investor Accounts: Manage investor contributions and distributions, ensuring compliance with agreements and calculating profit allocations, to maintain accurate financial records.
  6. Legal Compliance: Review and ensure the accuracy of legal and financial documents, managing the billing process, to maintain compliance with regulatory requirements.
  7. Cash Flow Management: Forecast cash flow needs and ensure timely fund transfers between investments, to maintain liquidity and minimize financial risks.
  8. Tax and Audit Support: Assist in tax filings, audits, and year-end reporting, to ensure compliance with all regulations and maintain accurate financial records.
  9. Accounting Standards: Stay current with accounting regulations and ensure fund accounting practices adhere to relevant standards, to maintain accuracy and transparency.
  10. Asset Valuation: Assist in periodic asset valuations and cost tracking for acquisitions or developments, to maintain accurate financial records.
  11. Third-Party Coordination: Liaise with third-party service providers for fund administration and accounting needs, to ensure seamless operations and accurate financial records.
Requirements
  • Bachelor's degree in finance, accounting, economics, or related field.
  • CPA and/or master's degree preferred.
  • 1-3 years of experience in relevant accounting or finance experience.
  • Experience in fund accounting or investment management preferred.
Skills and Qualifications
  • Proficiency in financial software and tools, especially Microsoft Excel.
  • Experience in Yardi Investment Management software is a huge plus.
  • Strong analytical skills and attention to detail.
  • Knowledge of financial instruments and regulatory compliance.
  • Excellent communication and teamwork skills.
  • Time management abilities and adaptability to changing conditions.
  • Ethical integrity and commitment to data confidentiality.
About Grubb Properties

At Grubb Properties, we believe that success is built on trust and collaboration. We value respect and integrity in every interaction, ensuring that we maintain the highest ethical standards. Our customer focus drives us to continuously seek ways to better serve our clients and investors, while our commitment to continuous improvement encourages innovation and excellence. Creating community is at the heart of what we do, both within our organization and in the communities we develop and serve.