Fund Administration Associate
4 days ago
We are seeking a highly-motivated and detail-oriented individual to join our Fund Administration team and play a crucial role in supporting the management of our investment funds.
This position will work closely with the Accounting, Investor Relations & Legal teams to operate Groma's Fund Administration Department. The primary goals of the Fund Administration Department are to complete timely and accurate reporting requirements and build out the internal capabilities of our own Fund Administration Department.
Job Responsibilities- Provide expertise in a broad range of fund administration functionalities and support the building of in-house capabilities, including policies and procedures as well as engineered software tools.
- Support the quarterly reporting process across all funds by working closely with Investor Relations, Engineering, Accounting and professional Fund Administrators support services to prepare fund performance metrics and investor communications.
- Work closely with the Director of Fund Administration to execute on the Investment, and Capital Call and Distribution processes through the preparation of supporting schedules and documentation.
- Construct and operate key computations for funds, including but not limited to; Net Asset Value, waterfall distribution models, management fee, performance fees, funds from operations, free cash flow.
- Maintain the general ledgers and books and records through; monthly bank reconciliations, recording of accruals, setting up bill payments, as well as partner capital account and cap table maintenance.
- Perform monthly closing of books to produce audit ready documentation and reconciliations.
- Assist in the preparation and maintenance of financial statements including, disclosures and reports for real estate investment funds and ensuring compliance with regulatory requirements and internal policies.
- Work closely with auditors and liaise with internal teams to produce supporting documentation necessary to satisfy audit standards.
- Assist with purchase price and valuation computations ensuring both are compliant with internal policies.
- Support tax compliance process including, preparation of Forms 1099 and working with tax preparers to complete tax returns and K-1s.
The ideal candidate will have 3+ years experience in an accounting role, ideally at a private equity firm or fund administration company, and relevant experience in fund administration, accounting, or finance for real estate and REIT investment funds.
About Our CompanyGroma is blending real estate and technology to unlock a new real estate asset class while making it easier for everyone, from institutional investors to the residents in our buildings, to participate in ownership.
SalaryThe estimated salary for this position is $80,000 - $110,000 per year, depending on experience.
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