Accounting Manager

DescriptionOur client, a prominent national real estate investment and development organization based in Washington, D.C., is looking for their new Accounting Manager. They have over $5B invested and are looking to scale up their accounting foundation to include a new real estate fund. They have a long-standing reputation and a track record of managing investments across dozens of high-profile properties. This role is ideal for someone with solid commercial real estate fund accounting expertise who thrives in a fast-paced, entrepreneurial setting. Reporting to the Controller and overseeing a staff, you will build out frameworks and drive best practices for fund and property-level accounting. You will also work across other business lines as operational needs evolve. In this exciting new Accounting Manager role, you will:• Manage capital accounting, execution of capital calls and distributions, and investor allocations for both fund and investment vehicles.• Calculate complex fund distribution models including comprehensive waterfall structures as outlined by partnership agreements• Prepare fund-level GAAP financial statements on a fair value basis in accordance with ASC 946, ASC 820 and ASC 842• Develop periodic investor and fund performance reports—helping deliver timely and accurate NAV statements, fair value analysis, and fund financials• Supervise preparation of general ledgers, including accurate recording of tenant billings, recoveries, and adherence to current lease accounting standards.• Provide financial support for property/asset managers, including budget preparation, variance investigation, and periodic reforecasting.• Prepare consolidated financial reports at the fund level in line with U.S. GAAP, ensuring compliance with fair value measurement and investment company guidance.• Oversee audit preparations and submissions, respond to information requests from audit teams, and coordinate closely with external advisors.• Support completion of lender compliance deliverables and institutional investor due diligence.• Direct and mentor staff accountants, providing technical training and oversight related to fund accounting and the firm’s accounting systems.• Design and enhance accounting policies, workflows, and financial controls to meet SEC-registered investment manager standards.• Partner across departments to advance accounting and reporting initiatives for other verticals, including multifamily and opportunistic asset classes.Your base pay will depend on your skills, experience and training, knowledge, licensure and certifications, and other business and organizational needs. Our client offers medical benefits as part of their overall compensation package in addition to other robust benefits.Please forward your resume in confidence to Raj Khanna, Senior Vice President at Robert Half for consideration for this or one of our other immediate openings in the Washington, DC area. Requirements• Bachelor’s degree in Accounting, Finance, or similar field – CPA is a plus• 5 or more years of accounting experience in the real estate sector including fund structures and partnership accounting.• Demonstrated skills in capital account tracking, investor reporting, and multi-tiered partnership distributions• Experience working with SEC-registered investment advisers• Knowledge of GAAP standards covering real estate investments including fair value, investment company, and lease-related accounting• Working knowledge of Yardi or other real estate accounting platforms• Proven skills in Excel for financial modeling and reporting.• Experience managing and developing staff.• Prior public accounting audit experience is a plusJob typePerm