Fund Accounting Manager
Location: Oak Brook, IL Type: Direct Hire Job #28644 Salary: $140,000 IFG-US’s real estate client in the western suburbs is looking for a Fund Accounting Manager. Reporting to the Controller, this role will oversee/manage two high-performing REITs for the company. While there are no direct reports initially, the goal is to add 1-2 team members as the REITs expand. They are in the office 3 days a week, so make sure if you apply, you can make it in. Compensation is up to $140K base plus a discretionary bonus Responsibilities Financial Reporting Prepare monthly financial statements, including income statements, balance sheets, and supporting schedules Record consolidation and elimination entries Develop cash flow statements and related support schedules Perform flux (variance) analysis Prepare or review quarterly workpapers for SEC reporting Audit and Tax Support Oversee quarterly reviews and annual audits for REIT entities Compile audit support schedules and manage request lists and deadlines Partner with the tax team on REIT compliance testing and documentation Coordinate state tax payments and investor true-ups Maintain the taxable REIT subsidiary (TRS) workbook on a monthly basis Cash Management & Forecasting Maintain and update cash flow forecasts for internal fund movements Investigate significant variances between forecasted and actual cash activity Review and approve cash transfers, ensuring proper documentation is retained Debt & Compliance Oversight Record or supervise monthly debt-related accruals and payments Review or post derivative accounting entries prepared by third parties Prepare debt compliance reports and maintain tracking tools and calendars Monitor and address any compliance-related issues Expense Management Review and code fund-level invoices and record accruals Prepare or review general and administrative expense workpapers Coordinate payments for board of director fees Equity & Capital Activity Track and record equity raises and capital activity Monitor and account for commissions and offering-related costs Manage share repurchases and OP unit redemptions Calculate and coordinate investor distributions Prepare equity statements, weighted average share calculations, and monthly equity reports Prepare or review stock compensation schedules Related Party Transactions Calculate and record related-party fees Track recurring transactions and prepare supporting documentation Leadership & Process Improvement Supervise, train, and mentor junior accounting staff Maintain and update internal control documentation Contribute to special projects and additional initiatives as needed Qualifications Bachelor’s degree in Accounting or a related discipline At least 5 years of accounting experience; real estate or REIT experience preferred Strong Excel skills and familiarity with accounting systems Solid knowledge of GAAP Apply Now