Fund Accounting Manager

Fund Accounting Manager

Location:

Miami, Florida

Employment Type:

Full Time

Worksite Arrangement:
On Site

Our Select Leaders client, a privately held real estate investment and development firm, is seeking a Director of Fund Accounting to support their continued portfolio growth and operations. The firm is actively involved throughout the investment lifecycle, including planning, development, construction, operations, and asset disposition.

The Director of Fund Accounting will lead the accounting and financial reporting for a fund and its underlying investment structure, including holding companies, project-level special purpose entities, joint ventures, and operating assets. This individual will serve as the primary point of accountability for financial information across the structure, ensuring that fund-level and investor reporting is accurate, complete, and supported by the underlying entity books.

The role works closely with external fund administration, tax, and audit providers, while partnering with senior leadership and investors on financial reporting and related matters. In addition to fund accounting, the position oversees investment-level accounting activities such as construction costs, lender draws, debt tracking, and operating results. The successful candidate will maintain a clear view of the entity structure and ensure that financial information is reconciled and reliable at every level.

• Oversee accounting and financial reporting for private equity and real estate investment funds, including related general partner and management company entities, as applicable.
• Review and approve general ledger activity for investor-level, fund-level, and investment-level transactions.
• Calculate and review capital calls, distributions, partner allocations, preferred return accruals, carried interest, and management fees in accordance with governing agreements and applicable side letters.
• Model and test distribution waterfalls at distribution events and during quarter‑end close processes, including hypothetical liquidation analyses.
• Prepare US GAAP financial statements, including fair value measurement of investments under ASC 820 and investment company reporting under ASC 946, as applicable.
• Prepare and review partner capital account statements and quarterly fund accounting packages.

• Oversee accounting records for entities throughout the investment structure, including holding companies, project‑level special purpose entities, joint ventures, and operating properties, whether maintained internally or by third‑party providers.
• Maintain the legal entity chart and ownership structure, including ownership percentages, joint venture partners, lenders, and intercompany balances; update records following acquisitions, recapitalizations, and dispositions.
• Review and consolidate accounting information for operating assets in accordance with approved operating budgets.
• Review monthly entity closes, including construction‑in‑progress, cost capitalization, capitalized interest and loan fees, and depreciation.
• Reconcile construction draws to lender draw schedules, general contractor payment applications, retainage, and project budgets in coordination with project management.
• Track debt at the entity level, including loan balances, interest reserves, financial covenants, guarantees, and lender reporting deadlines.
• Consolidate or roll up investment results into fund reporting, eliminate intercompany activity, and reconcile equity‑method accounting entries.
• Establish consistent close calendars, charts of accounts, and accounting policies across the entity structure.