Investment Accounting Manager – Los Angeles, CA
We looking for an outstanding Investment Accounting Manager to serve as a key member of the Investment Accounting team to run the day-to-day activities of the group. This is a hands-on role that will require detail involvement in accounting and in the financial closing process. The Investment Accounting Manager will maintain the Investment Accounting’s general accounting practices, internal controls and financial analysis and reporting. He/she will also mentor and provide hands-on training to members of the accounting team, as well as develop process efficiencies and improvements.
The Investment Accounting Manager reports to the Investment Controller and initially will have 1 senior accountant and 1 staff accountant under direct supervision.
Essential Duties and Responsibilities:
Manage day-to-day accounting matters, month-end close process.
Review and maintain the Investment Accounting function for a variety of investment types, including single-loans, loan portfolios, preferred equity, and operating real estate
Maintain and improve processes and timing of monthly close, analytical review of monthly operating results and accounting workbooks and ensure compliance with SOX
Develop and review accretion calculations, monthly accruals, monthly and quarterly reporting and cash projections.
Collaborate with operations to identify when hold/disposition assumptions have changed and accretion adjustments are required
Review and understand deal documents, including partnership agreements, joint venture operating agreements and loan agreements
Review and monitor consolidation/elimination entries are complete and accurate
Prepare supporting schedules and compile information for SEC reporting; assist with 10-K/10-Q tie out
Review and monitor contribution, distribution, and loan draw
Mentor and train the Investment Accounting Senior and Staff, including the development and maintenance of accounting procedures manual
Assist with new accounting system implementation
Maintain and update the preparation of the company’s annual budget, monitor operating results and update forecasts; provide ad hoc reporting to management
Coordinate with internal and external auditors
Qualifications:
6-8 years of progressive accounting experience with minimum 3 years in public accounting
CPA preferred
Real estate/REIT or financial services industry experience strongly preferred. Experience in investment management or private equity environment is desirable
Intermediate understanding of financial modeling and concepts, including yields, DCF, cap rates, IRRs, etc.
Proficiency in MS Office
Positive leadership style, ability to work effectively under pressure
Strong analytical, operational, organizational and interpersonal aptitude
Excellent oral and written communication skills
Other Personal Characteristics:
6-8 years of progressive accounting experience with minimum 3 years in public accounting
CPA preferred
Real estate/REIT or financial services industry experience strongly preferred. Experience in investment management or private equity environment is desirable
Intermediate understanding of financial modeling and concepts, including yields, DCF, cap rates, IRRs, etc.
Proficiency in MS Office
Positive leadership style, ability to work effectively under pressure
Strong analytical, operational, organizational and interpersonal aptitude
Excellent oral and written communication skills
Working Conditions:
Typical office environment – no unusual exposures
Overtime may be required
We are seeking qualified candidates available to start immediately.
All your information will be kept confidential according to EEO guidelines.
Job details are sourced from the employer's original posting.
Open job postingAbout the company
BASIC JOB RESPONSIBILITIES: This is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest value opportunities, address their most critical challenges, and transform their enterprises. They was founded in 1963 and is a privately owned firm with more than 7,000 employees across 81 offices in 45 countries. Integrity, respect for the individual, delivering value, and making an impact on society are just some of the core values. Their commitment to both our clients' success and our own standards is what sets them apart as a world-class professional services organization. Start your career at a company that is consistently ranked as the leader in its field, and is acknowledged as one of the best places to work.