Senior Financial Accountant

Employer:

John Hancock Life Insurance Company (USA)

Job Site: 197 Clarendon, Boston, MA 02116

Job Title:

Senior Financial Accountant

Job Duties:

Compile and analyze financial data from property-level and consolidated ledgers to produce accurate and timely investor-specific financial statements in accordance with US Generally Accepted Accounting Principles (GAAP) / International Financial Reporting Standards (IFRS); and ensure all reporting aligns with fund structures such as Real Estate Investment Trusts (REITs) and partnerships and meets internal and external standards.

Duties include:

• Prepare and post recurring and ad-hoc journal entries including accruals, reclassifications, fee allocations, capital activates, and revaluation and investment income recognition; and conduct detailed reviews to ensure accuracy of postings and adherence to internal accounting policies and procedures;
• Reconcile key balance sheet accounts such as cash, working balance, receivables, payables, and investments, and investigate and resolve discrepancies;
• Perform fund-level Net Asset Value (NAV) calculations incorporating valuation adjustment, net investment activity, income allocations, expense accruals, investor-level capital activity and return metrics such as Internal Rate of Return (IRR) and Rate of Return (ROR); and ensuring accuracy and consistency with fund governing documents;
• Maintain investor capital accounts including contributions, distributions, transfers, rebalancing, preferred return calculations, and allocation of income, expenses, and realized/unrealized gains and losses;
• Calculate management and performance-based fees in accordance with contractual agreements, prepare detailed fee schedules, process annual timber depletion calculations, and support internal performance reporting;
• Evaluate valuation inputs and fair value measurements under ASC 820, verify valuation adjustments, perform foreign currency translation for international investment, and ensure proper recording of unrealized gains/losses and investment-level activity;
• Monitor fund-level and property-level cash balances and prepare cash flow forecasts, analyze liquidity requirements, and recommend capital calls or distributions aligned with investment strategies and funding needs;
• Draft and issue capital call and distribution notices to investors, ensure accuracy of investor-level allocations, maintain proper documentation, prepare and submit invoices for assigned funds, and collaborate with custodians and internal treasury teams to execute timely cash movements;
• Prepare fund-level and investor-level financial reports including quarterly and annual financial statements, supplementary schedules, performance reporting, and analytics for senior management and investors;
• Generate ad-hoc financial reports and perform custom fund analyses to support new client onboarding, fund transition, and internal financial review projects;
• Provide audit support, perform variance analyses and REIT compliance testing, and respond to inquiries from auditors and tax consultants;
• Conduct research on complex accounting matters such as acquisitions, lease arrangements, and asset impairments, interpret and apply relevant US GAAP guidance and consult with internal stakeholders and external advisors;
• Document and adhere to internal quality control procedures for financial reporting including participating in walkthroughs, updating process documentation, and assisting with Sarbanes-Oxley (SOX) control testing to ensure compliance with regulatory standards; and
• Collaborate with internal teams to respond to client and investor inquiries.

Work Arrangement requirement:
Hybrid from Boston office (3 days from office, 2 days from home)

Salary: $120,058 per year

Master’s degree or foreign equivalent in Accounting, Finance or a closely related field and 2 years of accounting or financial reporting experience for investment management, asset management, or corporate accounting involving cash management, capital transactions, or compliance testing for a multi-entity organization. In the alternate, employer will also accept a Bachelor’s degree or foreign equivalent in Accounting,…