Job Description

Join to apply for the Fund Accounting Manager role at Prime Finance Join to apply for the Fund Accounting Manager role at Prime Finance About The Company Founded in 2008, Prime Finance is a fast growing, diversified commercial real estate credit investment platform. It seeks to deliver attractive returns to investors with a range of duration and risk/return options. Prime Finance has reached an inflection point in its growth trajectory which presents an immediate opportunity to accelerate that growth through further expansion of existing and new credit strategies as well as extensive investment in internal processes, systems, and resources. About The Company Founded in 2008, Prime Finance is a fast growing, diversified commercial real estate credit investment platform. It seeks to deliver attractive returns to investors with a range of duration and risk/return options. Prime Finance has reached an inflection point in its growth trajectory which presents an immediate opportunity to accelerate that growth through further expansion of existing and new credit strategies as well as extensive investment in internal processes, systems, and resources. Job Summary Prime Finance is looking for a collaborative and motivated Fund Accounting Manager to join the Fund Management and Accounting team based in San Francisco. This individual should possess a fund accounting and people-leadership background as well as a self-starter mentality. At minimum, seven years of experience in a previous real estate, private equity or debt fund accounting role with direct report oversight is required. The position will interact with and collaborate with the broader Corporate Accounting, Treasury, Tax, Data Analytics, and Investor Relations functions. The position will work cross-functionally and build relationships with team members from other departments, external advisors, and members of the management team. Essential Functions Review monthly close and quarter-end financial reporting for multiple-entity investment funds reported on a fair value basis, including financial statements; key metrics including fund level IRRs and investment-by-investment Gross IRRs; and investor capital activity statements Coordinate with others on the accounting management team to ensure timely completion and review of the quarterly financial reporting process Provide guidance to senior fund accountants and review the recording of transactions into the general ledger, including, but not limited to, complex multiple entity allocation journal entries Review monthly/quarterly account reconciliations, bank reconciliation, and capital allocation schedules Analyze fund documents including LPAs, structure charts, PPMs, Investment Committee memos to ensure fund activity is accurately reflected in reporting documents Review weekly investment and debt related schedules Review calculation of capital transactions (capital calls and distributions) including associated notices to investors Coordinate with the Treasury function related to cash management of the investment funds Review quarterly financial covenant analysis for subscription and financing lines Review quarterly calculation of management fees, related discounts and waterfall calculations to ensure accurate allocation of carried interest Coordinate with tax department and review information prepared by staff for quarterly tax estimates and annual tax returns Coordinate with business teams to ensure transactions are recorded accurately and timely in the general ledger and quarterly financial packages are complete Participate in periodic calls from Strategy/ Capital Market teams to gain a comprehensive understanding of investment and fund activity Assist and advise staff regarding supplemental reporting as requested by certain external investors Assist in the coordination and review schedules for the annual audit and provide audit support as needed Assist and advise staff regarding the handling of ad-hoc reporting request Assist in development and implementation of new procedures and features to enhance the workflow of the department, including developing standard operating procedures and process workflow documentation Coordinate with internal IT support team to manage the implementation of, and maintain as appropriate, enhancements to the existing accounting system or new software to increase scalability and enhance the current financial reporting process including project management workflows Identify and/or lead the automation of certain processes and/or manual reports to increase efficiency and ensure accurate completion of various reporting requirements Develop a high performing team, including performance management, ensuring team engagement, training and staff development, and hiring additional team members as needed Qualifications Bachelor's degree in accounting or related field or commensurate work experience required 7+ years of related accounting experience in an investment fund setting 3+ years of experience hiring, developing, and retaining a high performing accounting team Proficiency with MS Office Suite, with a particular focus on MS Excel required (pivot tables, sumifs, index/match, etc.) Demonstrated ability to guide and mentor accounting staff Able to work independently and manage multiple projects simultaneously Flexible and able to respond quickly and positively to shifting demands and opportunities Organized and detail oriented Ability to maintain strict confidentiality of our investors', partners', and internal affairs Exceptional communication skills including the ability to communicate with all levels of staff, management and external organizations Team-oriented and able to share information, goals, opportunities, successes and failures with appropriate parties Ability to understand and review intercompany transactions on a multi-ledger accounting system Experience in consolidated and combined financial statements preparation and analysis Previous interaction with external auditors Experience using Yardi or other accounting GL and Financial Reporting systems preferred Please note this job description is not designed to cover or contain a comprehensive list of every activity, duty, or responsibility that is required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. The expected salary for this role is $125,000 - $190,000. Actual compensation will be determined by several components, including but not limited to: relevant experience, skills and qualifications, base salary of internal peers, and geographic location. In addition to base salary, this role may be eligible for a discretionary annual bonus and a variety of financial, wellbeing, and health / welfare benefits. CA Employee Privacy Notice Equal Opportunity Employer Prime Finance provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Seniority level Seniority level Mid-Senior level Employment type Employment type Full-time Job function Job function Accounting/Auditing and Finance Industries Investment Management Referrals increase your chances of interviewing at Prime Finance by 2x Sign in to set job alerts for “Fund Accounting Manager” roles. 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