Senior Fund Accountant

The Senior Fund Accountant handles core accounting activities of receiving and processing data to its responsible stakeholder, reviewing, analyzing, and reporting of financial transactions across all Endeavor’s funds. The role will have supervisory responsibility for an offshore team responsible for Endeavor’s flagship fund and review of fund administrator books and records of 3 other private real estate funds. This position will require an in-depth understanding of fund accounting, financial analysis, and the real estate industry. The position is highly visible and will require you to be adept while maintaining your attention to detail to support the fund accounting team’s objectives.

Responsibilities

• Fund administrator responsibilities:
• Review of general ledger activity maintained by fund administrator which includes but not limited to journal entries, intercompany activity, cash and other balance sheet reconciliations in connection with month and quarter end closing procedures.
• Independently maintains and tracks all investment activities the funds transact and is responsible for updating fund administrator team of same on a weekly basis.
• Assists accounting manager with the review of fund admin monthly and quarterly financial reports for both funds.
• Reviews all capital account activity and generates PCAPs on a quarterly basis.
• Oversees all cash activity tracked by fund administrator for capital calls and distributions in both accounting and investor facing portal.
• Review of quarterly management fee calculation for both funds.
• Works closely with fund analyst and property accounting teams to calculate quarterly asset valuation and coordinates with fund administrator to record same.
• Offshore team responsibilities:
• Coordinates treasury activity needs to offshore team and review of their support for distributions, weekly payment runs, acquisitions, and construction draws for various fund projects.
• Reviews weekly cash tracker and inter-company allocations of same prepared by offshore team for all 4 funds (13 entities).
• Review of 5 consolidating monthly, quarterly, yearly consolidated fund financial reports prepared by the fund accountant across all 4 funds.
• Review of monthly and quarterly debt and guarantee reports for all 4 funds. This includes the review of real estate and contingent liability schedules maintained by the offshore team.
• Coordinates with offshore team on loan draws for the 4 funds and monitors their due dates plus issues paydowns.
• Oversee full GL accounting of 35 fund co-investment entities.
• Review of tax entries in both accounting system and investor portal entries for 48 entities.
• Other general responsibilities:
• Assists manager with cash call and distribution calculations of 13 fund entities and 35 coinvest entities. Works with respective offshore or fund administrator team to record same in both accounting system and investor facing portal.
• Works closely with Fund Analyst and property accounting teams to calculate quarterly asset valuation.
• Collaborate with other business units in the organization to document significant transactions.
• Actively contributes to assigned special projects designed to enhance processes and procedures across the accounting organization.
• Supports fund manager on various requests from external auditors and plays an instrumental role in the timeline of the audit progress.

Qualifications

• Bachelor’s degree (B.A. or B.S.) in Finance, Accounting, Business or a related field from a four-year college or university.
• 3-5 years’ experience in an accounting role. Public accounting experience highly desirable.
• Excellent knowledge base of GAAP with extensive understanding of income statements, balance sheets, general ledger, and consolidation.
• Highly proficient in Microsoft Office Suite, especially Excel.
• Self-motivated but conscious and alert when direction is required from manager.
• Strong organizational and time management skills plus enthusiastic in attention to detail.
• Demonstrates flexibility with conflicting task deadlines.
• Communicates effectively (both oral & written) and builds positive and productive relationships within the organization.
• Accounting software experience with Yardi and Juniper Square preferred but not required.