Manager, Debt Accounting

Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.

If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.

The Accounting Manager (Credit/Debt Funds) will oversee debt investment accounting and ensure fund financial information is accurately captured, classified, and recorded in the form of financial statements for assigned portfolios.

Credit (Debt) Fund Strategies include: (1) purchasing Freddie Mac Capital Markets Execution B-piece debt investments that are collateralized by high-quality multifamily mortgages throughout the United States (2) pursuing directly sourced preferred equity and mezzanine loan opportunities as well as (3) originating floating-rate transitional bridge loans with the intent to get to critical mass, securitize pools of loans through Collateralized Loan Obligations ("CLO's") and retain non-investment grade bond classes.

• Oversee portfolios of debt investments, including supervision of the daily workflow of the accounting staff (including offshore team), routine and non-routine assignments and monthly financial statement close process to ensure accuracy, completeness and in accordance with set deadlines
• Preparation and review of Fund/Account closing and consolidation process for their portfolios, which includes bond accounting (including interest income, principal payments and amortization of discounts), loan accounting (including interest income, capitalized or deferred interest and principal payments), warehouse and securitization accounting (including interest expense, principal payments to bondholders and amortization of costs and discounts associated with each debt instrument)
• Assist with adherence to internal controls surrounding financial reporting disclosure and compliance, and enhance internal controls as needed.
• Begin to assist in financial statement preparation and supporting materials
• Responsible for the management of the external audit process
• Manage third party relationships with custodians, services, trustees, partners, joint venture partners, etc.
• Review debt investment budgets and forecasts
• Support portfolio management as needed in the process of compiling the internal reporting packages and ad hoc requests
• Assist in review of joint venture documents, loan agreements and waterfall calculation set up and maintenance
• Assist in the preparation of quarterly, annual and ad hoc investor requests
• Preparation of related party and joint venture partner activity reconciliations and related payments of intercompany balances and distributions
• Able to effectively use information technology systems and software to solve complex problems, address accounting needs and business issues, and generate operating efficiencies
• Manage and develop team members, including allocating regular one-on-one time to address areas that can be improved, while continuing to monitor offshore resources to ensure work product is adequate. Provide feedback to the group and provide recommendations for improvement. Set direction for the team when competing priorities occur
• Assist in preparation of investor capital calls, distribution notices and capital account statements for funds assigned.
• Consistently demonstrate use of tact and discretion

• 5+ years of practical accounting experience
• Demonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtual
• General ledger maintenance including consolidations and eliminations
• Practical accounting knowledge of account balances
• Full disclosure financial statement preparation, including footnotes
• Budgeting and forecasting
• REIT tax compliance
• Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
• Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications
• Ability to communicate with and manage up to senior management
• Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
• Demonstrate emotional intelligence in high pressure and sensitive situations
• Tenacity, patience, and perseverance to work with business deals from beginning to end of process
• Maintain confidentiality of sensitive information and communications of information
• Represent the Berkshire employment brand well to…