Investment Accounting Manager
At a glance
Manager-level Accounting role at Cornerstone HR Advantage LLC. Los Angeles · no salary stated · we estimate $97,438–$133,375.
Cornerstone HR Advantage LLC has not published a salary for this role. The figure below is our estimate, not theirs.
financeroles summary, based on the employer's posting.
What you'll do
- Run daily accounting and month-end close work across loans, preferred equity and operating real estate
- Improve monthly close timing, review operating results and workbooks, and check compliance with SOX
- Review accretion, accruals, reporting and cash projections, adjusting for changes in deal assumptions
- Check deal agreements and consolidation entries, then support SEC filings and audit requests
- Guide two accountants, maintain procedures, support a system rollout, and update budgets and forecasts
What you bring
- You have six to eight years in progressive accounting, including at least three years in public accounting
- A CPA is preferred; real estate, REIT or financial services experience is also strongly preferred
- You can work with financial models and concepts such as yields, DCF, cap rates and IRRs
- You are proficient in MS Office and bring strong analytical, organizational and communication skills
Who this fits
This is a hands-on manager role reporting to the Investment Controller, with direct supervision of a senior accountant and a staff accountant. The position is onsite in Los Angeles, and overtime may be needed.
From the employer
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.
Investment Accounting Manager – Los Angeles, CA
We 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 detail 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 and 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 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 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 minimum 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
Other Personal Characteristics:
6-8 years of progressive accounting experience with minimum 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.
All your information will be kept confidential according to EEO guidelines.
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