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Manager, Fund Accounting & Reporting
Location:
Chicago, IL
Description:
Job Details Job Location : IL Chicago Corp Office CCLLC - Chicago, IL Position Type : Full Time Salary Range : Undisclosed Job Category : Accounting & Finance Description Who We Are Core Spaces (Core) is more than a real estate company, it's a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live. What We Do Founded in 2010, Core is a vertically integrated company, focused on acquiring, developing, managing, and lending across the student housing and build-to-rent (BTR) sectors. Its residential communities feature world-class amenities, progressive design, and hospitality-driven client service. In its award-winning student portfolio, Core currently owns and/or manages over 37,400 beds and has a pipeline of over 35,000 beds in various stages of development. Core's BTR division currently has approximately 4,000 homes under development and in its pipeline in high growth metros across the country.* For more information, visit www.corespaces.com . *Portfolio and pipeline numbers as of Q1 2024 Benefits That Matter A culture that provides you with a sense of belonging Hybrid and remote work options to promote work-life balance Competitive pay that values your contributions Annual incentive to reward your achievements Paid unlimited PTO to disconnect or celebrate life milestones Paid 16 holidays, including your birthday, to disconnect and celebrate Paid Parental Leave that begins after 90 days Paid volunteer time off to give back to your community Monthly workshop weeks; fewer meetings & more collaboration Robust health plan options that begin within at least 30 days of your employment Monthly phone reimbursement Wellness allowance and perks, including a yearly subscription to a meditation app An environment that provides you a voice to share your perspectives Employee Assistance Program (EAP) for access to confidential support services Company retirement options including 401(k) + matching & Roth account option Position Overview This position within Core Spaces embraces ambition and innovation to serve the Core Spaces development and operating funds. The Fund Accounting & Reporting Manager is a role responsible for the preparation and review of fund investment financials, accounting month-end close, monthly and quarterly variance analysis, fair value accounting and income allocations, fund level budget and forecast. In addition, this position will be involved in the preparation of the annual audit reports, and act as a direct liaison with the fund administrator, and other related parties. What You Will Do Oversee and manage internal fund accounting/operations team and day-to-day relationship with third party fund administrator Oversee and manage the funds' monthly, quarterly, and annual financial statement consolidation process Review capital calls, distributions, and uncalled commitments, including allocations and investor notices Review management fee calculations including fee offsets Review partner allocations and capital account statements Manage the onboarding process for new investors Review, support, and/or drive investor reporting, including quarterly letters and investor requests Coordinate release of investor notices and capital statements Ensure timely resolution of investor issues and escalations Review of fund partnership agreements in connection with the initial fund set-up and ongoing operations, including fund governing documents, side letters and agreements to ensure adherence Oversee monthly account analysis and rollforwards to ensure they properly reflect the Funds financial position in accordance with Limited Partnership Agreements Work with Finance valuations team on quarterly asset fair value review process Review/calculate fund-level key performance metrics (i.e., IRRs, TWRs, Track Records, AUM) Demonstrate deep knowledge of Private Equity and Real Estate fund structures and practical application of fund governing documents Stay abreast industry standards and best practices while continuously seeking opportunities to enhance operational efficiency and mitigate operational risks Review and ensure compliance with accounting policies and procedures, and conclude on technical accounting related issues Coordinate and lead annual fund audits including drafting report templates and providing PBCs to auditor Act as the direct liaison with the fund administrator Manage and coach direct reports Assist team with adhoc projects as needed Occasional travel may be necessary as needed Perform all other duties and tasks as assigned by management Must be able to complete all physical requirements of this role with or without a reasonable accommodation Ideally, you'll have Bachelor's degree in accounting or finance required; CPA or Masters' preferred 8+ years of experience in a mix of public accounting and real estate industry required Background in accounting for various types of entities including private equity funds and REITs Proficiency in MS Outlook, Excel, Word Yardi experience is a plus Excellent interpersonal and organizational skills Ability to multi-task and manage shifting priorities in a fast-paced environment Attention to detail and high level of accuracy Organizational Structure Reports to: Managing Director, ControllerDirect Reports: Associate, Fund Accounting Disclaimer: Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.PDN-9b9f18db-1939-4f94-bfb7-cfc294872abf
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More About this Listing: Manager, Fund Accounting & Reporting
Manager, Fund Accounting & Reporting is a Accounting & Finance Accountant Job at Core Spaces located in Chicago IL. Find other listings like Manager, Fund Accounting & Reporting by searching Oodle for Accounting & Finance Accountant Jobs.
Manager, Fund Accounting & Reporting is a Accounting & Finance Accountant Job at Core Spaces located in Chicago IL. Find other listings like Manager, Fund Accounting & Reporting by searching Oodle for Accounting & Finance Accountant Jobs.