Investment Accounting Manager

Company: HR Advantage, LLC
Location: Los Angeles
Posted on: November 13, 2024

Job Description:

A leading global real estate and investment management firm headquartered in Los Angeles, California with 14 offices in 10 countries and more than 300 employees. The Company targets attractive risk-adjusted investment returns across a broad range of predominantly real estate equity and debt oriented investment strategies. The Company has elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes.Job DescriptionWe are 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 detailed 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; 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 to ensure they 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 the 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 a minimum of 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.Additional InformationAll your information will be kept confidential according to EEO guidelines.
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Keywords: HR Advantage, LLC, Santa Ana , Investment Accounting Manager, Accounting, Auditing , Los Angeles, California