Nov 12, 2020

Fund Accounting Manager

  • Professional Diversity Network
  • Bloomington, MN, USA
Accounting

Job Description

CBRE

CBRE Investment Accounting &
Reporting Solutions



CBRE, is the largest commercial real
estate company in the world and is comprised of several business lines
including leasing services, capital markets, valuations & advisory services,
and property management; with regional and global capabilities in all major
markets around the globe. Within property management, our CBRE Investment
Accounting & Reporting (IA&R) group is the leader in providing
investment managers with vertically integrated accounting and data solutions,
from property through funds.



CBRE IA&R is the only 100%
dedicated Real Estate Fund and Property accounting business supporting Global
and Pan-European coordination for clients providing Fund & SPV Accounting,
Investor Reporting and Performance Measurement services to real estate
investment-companies, sovereign wealth funds and other institutional investors
in key financial markets.



Our team of professionals offer
unmatched dedication to real estate. We serve only real estate and have a
history of successfully serving all real estate asset classes; including simple
to complex investment structures.



We have dedicated fund and investor
reporting teams in 18 countries, while also being a part of our global accounting
and reporting operating platform with presence in an additional 41 countries
for property accounting services to provide completely integrated services.



Within CBRE IA&R, you will be
challenged to develop yourself, to extend your knowledge and skills and to
further improve and professionalize various processes within the company.





JOB
SUMMARY Manages the work activities of an accounting
team. Responsible for oversight and development of staff. Oversees the
accounting and reporting requirements on fund investments including set up and
accounting for complex multi-tier investment entities. Reviews monthly,
quarterly and annual portfolio level consolidated financial statements and
other client reporting. Responsible for oversight of fund level reporting and
coordination of client equity contributions and distributions. ESSENTIAL DUTIES AND
RESPONSIBILITIES Reviews and verifies financial information
including monthly, quarterly and annual financial statements for commingled
funds and separate accounts prior to submittal to client and investors. Reviews joint
venture financial statements.Reviews system prepared reports and supporting
schedules for accuracy. Reviews and signs-off on property and fund level bank
account reconciliations.Partners with field and account management teams
to ensure they have a working knowledge of team's client Management Agreements
and that they are properly maintained per department policy and
requirements/terms. Ensures team managers are reviewing management fee calculations
to be in accordance with the current Management Agreement.Troubleshoots escalated issues and ensures
internal and external customer requests are handled timely, accurately and with
a focus on customer service. Creates a positive customer experience by opening
and maintaining constructive and reliable lines of communication. Reviews and analyze performance returns, advisor
incentive fees, and acquisition / disposition fees on real estate investments. Reviews
valuation models for reasonableness in determining asset fair market values.Maintains a thorough understanding of each legal
entity and debt structure, prepares interest billings monthly, and monitors
compliance by the debtor with specific deal requirements. Coordinates and insures completion of annual audits by
required deadlines.Sets up, analyzes and reviews joint venture
structures and underlying inquiries, subscriptions, and redemptions terms and
conditions. Sets up, analyzes and reviews interest rate, currency and credit
swap calculations.Reviews periodic P&L calculations at the
fund and investor levels. May assist with internal and external
property and client transitions. Works with other internal teams in
handling special requirements as defined in the Management Agreement.
Performs other duties as assigned.SUPERVISORY RESPONSIBILITIES Provides formal supervision to individual
employees within single functional or operational area. Recommends staff
recruitment, selection, promotion, advancement, corrective action and
termination. Plans and monitors appropriate staffing levels and utilization of
labor, including overtime. Prepares and delivers performance appraisal for
staff. Mentors and coaches team members to further develop competencies. Leads
by example and models behaviors that are consistent with the company's values.


QUALIFICATIONS To perform this job successfully, an individual
must be able to perform each essential duty satisfactorily. The requirements
listed below are representative of the knowledge, skill, and/or ability
required. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential functions. EDUCATION and EXPERIENCE Degree from a four-year college or university
program with an emphasis in accounting, finance or related field required. A
minimum of six years accounting experience or equivalent combination of
education and experience required. Prior experience in fund level accounting
required with real estate accounting or fund accounting software systems.
Requires prior supervisory experience and experience with real estate
accounting or fund accounting software systems.CERTIFICATES and/or LICENSES CPA, CMA or other relevant professional
certifications a plus.COMMUNICATION SKILLS Ability to comprehend, analyze, and interpret
complex business documents. Ability to effectively write reports, manuals,
speeches and articles using distinctive style. Ability to effectively respond,
verbally and written, to sensitive issues, complex inquiries or complaints.
Ability to make effective presentations on general topics. Ability to inspire
and motivate employees and client groups to take desired action. Requires a
high level of commitment to customer service, whether co-workers or clients.FINANCIAL KNOWLEDGE Requires in-depth knowledge of financial terms
and principles. Able to forecast and prepare budgets. Conducts complex
financial/business analysis including the preparation of complex reports. REASONING ABILITY Ability to identify and analyze problems with
limited information, then recommend more than one resolution alternative.
Ability to interpret a variety of instructions furnished in written, oral,
diagram or schedule form. Requires advanced analytical and quantitative skills.OTHER SKILLS and ABILITIES Advanced knowledge of computer software and
hardware (i.e. Microsoft Office Suite Products). Ability to work in multiple
accounting software applications.SCOPE OF RESPONSIBILITY Decisions made with thorough understanding of procedures,
company policies, and business practices to achieve general results and
deadlines. Responsible for setting work unit and/or project deadlines. Errors
in judgment may cause short-term impact to clients and department.

















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