Real Estate Fund Administrator & Accountant

Red Cedar is seeking a detail-oriented and systems-driven Real Estate Fund Administrator & Accountant to support private equity and real estate investment clients. This role blends fund accounting, investor operations, and platform execution, with a focus on accuracy, organization, and high-quality internal communication.

This is not a purely task-based role—we are looking for someone who understands fund mechanics, can execute tasks within investor platforms, and produce client-ready work with minimal revision.

While the role is primarily internal-facing, candidates should possess the communication skills and technical understanding necessary to support investor-facing deliverables.

This is not a traditional institutional fund accounting role. We are specifically seeking candidates with experience supporting private placement real estate funds, syndications, real estate sponsors, family offices, or boutique fund administration firms. The ideal candidate understands both the accounting and operational aspects of raising and administering investor capital and has hands-on experience with investor management platforms such as Invest Next, App Folio Investment Manager, Juniper Square, Agora, IMS, or Cash Flow Portal.

• Execute workflows within Invest Next and/or App Folio Investment Manager (AIM), including:
• Setting up subscription documents for eSignature
• Creating and managing capital raises
• Drafting and processing capital calls and distribution plans
• Preparing and auditing investor distributions
• Troubleshoot discrepancies between platform activity and underlying accounting records
• Maintain organized and accurate investor records and transaction histories
• Record and reconcile fund-level transactions in Quick Books Online or equivalent systems, including:
• Investor capital contributions and redemptions
• Investments into underlying deals
• Cash inflows from investments (interest, distributions, returns of capital)
• Fund-level operating expenses
• Perform account reconciliations and tie-outs to supporting schedules and investor reporting
• Interpret operating agreements to understand distribution structures (preferred return, catch-up, promote, etc.)
• Draft distribution models within Invest Next and/or App Folio Investment Manager based on waterfall terms
• Build and maintain Excel-based audit models to validate platform-generated calculations
• Collaborate with the U.S. team for review, refinement, and final approval

• Draft client communications, summaries, and explanations for internal review
• Prepare clear, organized documentation of workflows, assumptions, and outputs
• Communicate effectively with U.S.
  
  -based team members via Slack, email, Loom, and virtual meetings

• 2–5+ years of experience in fund accounting, syndication accounting, private equity accounting, or real estate accounting
• Hands-on experience with one or more investor management platforms:
• Invest Next
• Agora
• IMS
• Cash Flow Portal
• Experience using Quick Books Online or similar general ledger systems
• Strong understanding of:
• Capital contributions and distributions
• Single-asset syndications and multi-asset fund structures
• Preferred returns and waterfall concepts
• Intermediate to advanced Excel skills, including building audit models and reconciling outputs
• Exceptional attention to detail and commitment to accuracy
• Strong written English communication skills with the ability to produce client-ready work

Candidates with experience in the following environments are strongly preferred:

• Real estate sponsors and capital raisers
• Family offices

Experience supporting the following activities is highly desirable:

• Investor onboarding
• Subscription processing
• Investor distributions
• Preferred return calculations
• Waterfall calculations
• Investor reporting

Note:

Candidates whose experience is primarily limited to hedge funds, mutual funds, fund-of-funds, institutional fund administration, or NAV accounting may not be the best fit unless they also possess direct experience supporting private placement real estate funds, syndications, or real estate sponsors.

• Under…