Fund Accounting Specialist - Real Estate

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Key Responsibilities:

Fund Accounting & Reporting

• Maintain general ledger and perform daily, monthly, and quarterly accounting for Real Estate funds.
• Lease Accounting, Tenant Management - for REIT’s, Vendor Management, Inventory and Sales data Management – for development funds
• Clear understanding of Valuation, Depreciation and Impairment
• Preparation of VAT returns
• Knowledge of Expect Credit loss and Ageing Analysis,
• Prepare NAV calculations, investor allocations, and capital account statements.
• Ensure accurate recording of capital calls, distributions, management fees, and carried interest.

Financial Statements & Compliance

• Prepare quarterly and annual financial statements in accordance with IFRS/US GAAP, Preparation of Fund Annual Report
• Coordinate with auditors for year-end audits and resolve queries promptly.
• Ensure compliance with local regulations and client-specific requirements.

Investor Reporting

• Prepare investor reports, capital call notices, and distribution notices.
• Maintain investor records and respond to investor queries in a timely manner.

Cash Management

• Review payment, payment templates and approve payments
• Monitor cash positions and process payments related to investments, fees, and expenses.
• Reconcile bank accounts and investment positions regularly.

Process Improvement & Controls

• Assist in implementing best practices and improving operational efficiency.
• Ensure strong internal controls and adherence to policies.

Qualifications & Skills:

• Education: Professional qualification is preferred.
• Experience: 1 to 7 years of experience in fund accounting, in Real Estate funds. Familiarity with partnership accounting and waterfall calculations.
• Technical Skills: Proficiency in accounting systems like Investran, eFront, and Yardi. Knowledge of IFRS/US GAAP and Real Estate fund structures.
• Soft Skills: Provide functional guidance to fund accountants
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work under pressure and meet deadlines.