Manager, Fund Accounting & Reporting

Position Overview

This position embraces ambition and innovation to serve the Core Spaces development and operating funds. The Fund Accounting & Reporting Manager is responsible for the preparation and review of fund investment financials, month‑end close, monthly and quarterly variance analysis, fair value accounting, and income allocations, performance reporting, and fund level budget and forecasting. In addition, this position is involved in the preparation of the annual audit reports, and acts as a direct liaison with the fund administrator and other related parties.

This role supports a multi‑fund platform with complex structures, including Open‑End, Closed‑End, SMA, JV, and REIT vehicles.

• Oversee and manage the 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 for Open‑End, Closed, and SMA funds.
• Review capital calls, distributions, and uncalled commitments, including allocations and investor notices.
• Review management fee calculations including fee offsets.
• Calculate and/or review carried interest calculations and asset‑level waterfalls.
• 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 roll‑forwards to ensure they properly reflect the funds’ financial position in accordance with Limited Partnership Agreements.
• Work with the valuations team on quarterly asset fair value review process.
• Review/calculate fund‑level key performance metrics (e.g., 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 of 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 including coordination with Tax on REIT testing, K‑1 reporting, and investor tax considerations.
• 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 including training, performance management, and development of standardized processes.
• Assist team with ad hoc projects as needed including process automation, system enhancements, and reporting standardization initiatives.
• Occasional travel may be necessary.
• 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.

• 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 experience.
• 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.
• Advanced Excel skills, including XLOOKUP, INDEX/ MATCH, and performance metric calculations (IRR, TWR, MOIC, multiples).

• Non‑traded REIT or Open End fund experience.
• Navigating complex fund structures, waterfalls, and carried interest models, including modeling scenarios and validating administrator calculations through development of internal models.
• Managing complex multi‑entity…