Fund Accounting Manager

Accounting Manager / Fund Accounting Manager

Washington, DC (Onsite – 5 days/week)

Private Real Estate Investment Manager

A nationally active real estate investment management and development firm with $5+ billion developed across 50+ assets is seeking an Accounting Manager (or Fund Accounting Manager) to play a pivotal role in the launch and build-out of a newly established, institutional real estate investment vehicle.

Headquartered in the DC area, the firm operates across multiple vertically integrated strategies and is currently raising a nearly $1 billion institutional fund focused on long‑term, net‑leased assets. This role is central to building the accounting and reporting infrastructure supporting that platform.

This is a highly visible, hands‑on leadership opportunity reporting directly to the Controller and partnering closely with executive leadership.

This position sits at the intersection of fund accounting, real estate operations, and institutional investor reporting. The selected professional will help architect scalable accounting processes within a newly SEC‑registered investment adviser platform while supporting capital activity, fair value reporting, and investor deliverables.

For an accounting leader energized by building systems and processes—not simply maintaining them—this represents a meaningful career inflection point.

• Maintain capital accounts, process capital calls and distributions, and prepare investor allocation schedules

• Model and calculate distribution waterfalls, including preferred returns and promote structures

• Prepare NAV calculations and fund‑level financial statements in accordance with ASC 946 and ASC 820

• Oversee general ledger activity for net lease assets

• Manage lease accounting (ASC 842), CAM reconciliations, and tenant reimbursements

• Coordinate monthly closes and roll‑up reporting to fair value at the fund level

• Prepare consolidated financial statements under U.S. GAAP for investment companies

• Lead audit coordination, PBC preparation, and institutional investor due diligence support

• Supervise and mentor 1–2 staff accountants

• Design and implement scalable accounting policies and internal controls appropriate for an SEC‑registered platform

• Partner cross‑functionally with asset management and property management teams

• 5–10+ years of progressive accounting experience within commercial real estate

• Significant exposure to private fund / partnership accounting

• Strong technical GAAP background including ASC 820 (Fair Value), ASC 946 (Investment Companies), and ASC 842 (Leases)

• Experience with capital allocations, waterfall calculations, and investor reporting

• Proficiency in Yardi and advanced Excel modeling capabilities

• CPA designation and/or public accounting background strongly preferred

• Prior experience building or scaling a fund accounting function is highly valued

• Direct visibility to executive leadership

• Opportunity to help fund from inception

• Exposure across multiple real estate verticals within a growing investment platform

• This firm offers competitive compensation, performance‑based bonus opportunity, comprehensive benefits, and meaningful long‑term growth potential within a scaling investment platform.

If you are a technically strong real estate accounting professional who values ownership, process creation, and institutional exposure, this opportunity offers the platform and visibility to elevate your career trajectory.