Investment Accountant

Description The Accountant, Investment Partners position will be responsible for the platform’s accounting, reporting and financial oversight of its commercial real estate focused private fund business. A strong candidate will be familiar with and have prior experience in GAAP accounting principles as it relates to commercial real estate mortgages, debt capital markets and private funds. The position will be responsible for the accounting and reporting functions within the MIP platform. The position will be responsible for managing and recording financial activity with accuracy and consistency. Core responsibilities include reconciling Fund transactions, ledger balances and preparing financial statements in accordance with GAAP standards. Success in this role requires strong analytical skills, attention to detail, and the ability to communicate effectively with Merchants Investment Partners (MIP) team members as well as colleagues across other departments and external counterparties. In addition to day-to-day accounting duties, the candidate will contribute to ongoing process improvement efforts by identifying control gaps, recommending enhancements, and supporting the implementation of more efficient workflows. An ideal candidate possesses the ability to step in and be a high-performing team member with a demonstrated ability to excel. Requirements As an Accountant, you will play a critical role in maintaining the financial health of Merchants Investment Partners. Key responsibilities include: Accountable for compiling and analyzing monthly, quarterly, and annual audited Fund financial statements in accordance with GAAP standards, regulatory requirements and company policies. Responsible for the ownership, accuracy and completeness of day-to-day and monthly Fund journal entries. Calculate and report monthly, quarterly, annual and inception-to-date Fund returns and incentive allocations. Calculate and report Fund Limited Partner Capital Statements (PCAPs). Determine quarterly Fund Limited Partner distribution and reinvestment amounts. Compile monthly Fund remittance reports and ensure waterfall accuracy in coordination with internal bank reporting department and external Fund repo and warehouse providers. Interact with external Fund tax team to review 1042, 1099 and K-1s for accuracy before for annual filings. Successfully navigate and provide support during annual year-end Fund audits with designated external public accounting firm as well as ad-hoc internal audits and SEC inquiries/exams. Identify opportunities for process improvements to enhance efficiency and accuracy of accounting functions within MIP. Expected Experience, Skills and Education Bachelor’s degree in accounting, finance or related field 3+ years of prior accounting experience Prior experience in investment accounting or banking platforms highly preferred CPA is preferred but not required Microsoft Suite, specifically Excel Strong problem-solving skills and attention to detail Possess the ability to work independently and autonomously in addition to interacting and communicating effectively with team members Our Benefits Merchants offers a comprehensive package of benefits for eligible employees, including, but not limited to: 401(k) employer contributions; employee stock ownership plan (ESOP); medical, dental and vision insurance; various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability; health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program. Eligibility for benefits is governed by the applicable plan documents and policies. #J-18808-Ljbffr