Supervisor, Fund Accounting - Real Estate

Citco   •  

Jersey City, NJ

Industry: Accounting, Finance & Insurance

  •  

5 - 7 years

Posted 74 days ago

This job is no longer available.

About Citco

Since the 1940s Citco has provided specialist financial services to alternative investment funds, investors, multinationals and private clients worldwide. With over 6,000 employees in 45 countries we pioneer innovative solutions that meet our clients’ evolving needs, and deliver exceptional service.

Our continuous investment in learning means our people are among the best in the industry. And our corporate social responsibility programs provide meaningful and fulfilling work in the community.

A career at Citco isn’t just a job – it’s an opportunity to excel in an environment that genuinely supports your personal and professional development.

About the Role:

Citco Real Estate Investment Fund Services (REIF) is a business line within Citco Fund Services which provides quality corporate and administration services to many of the world’s largest real estate funds and investors. Our dedicated real estate team has developed a unique vertical and horizontal “360?” administration services approach, covering the administration of the fund itself but also the administration of intermediary holding companies and property owning companies, across all regions, resulting in a seamless administration of all levels of the fund.

Position Purpose

Having an in-depth understanding of private equity and/or real estate investment funds or direct real estate investment/analysis experience, the Supervisor will form part of a professional team responsible for meeting the daily deliverables of Real Estate Investment Fund clients, per Service Level Agreements. Our clients demand the highest standards of execution and you will be at the forefront of our delivery. The supervisor will assist in the management of a team and its work processes and development; maintain client relationships; and work productively with colleagues from other Citco offices.

Job Duties:

  • Completion and review of operational deliverables in line with Service Level Agreements with clients
  • Act as central point of contact for clients
  • Assist Operations Manager in allocation of work to staff, work-flow processes and improvements
  • Assist staff with their work as need arises and prepare more complex deliverables
  • Break resolution for all open items with the clients
  • Ensure client deadlines are met
  • Support the conversion of any new clients and existing migrations
  • Liaise with multiple external parties (auditors, legal counsel, investors)
  • Review Quarterly/Monthly reports and working papers, which include:
  • Cash and Position Reconciliations
  • Expense Accruals
  • Agree Dividends and Interest Accruals if applicable
  • Review all capital activity pertaining to the funds (Capital Call and Distribution processing)
  • Review Limited Partner and General partners/Shareholder Allocation ; calculations/schedules – includes review of Admin/Management fees/Waterfall/Clawback calculations
  • Trial balances and related working papers
  • Financial statements, footnotes and Partner Capital Statements

About You:

  • Bachelor or Master level degree in accounting

  • Professional accounting designation is preferred

  • Designated accountant or working towards CA, CMA, CGA, CPA

  • 5+ years of public/private real estate accounting work experience

  • Previous experience supervising/coaching staff

  • Experience in reviewing and preparing general ledgers and financial statements

  • Knowledge of IFRS and US GAAP

  • Experience in Limited Partnership accounting a plus

  • Excellent communication skills and proficiency in English (both verbal and written)

  • Motivated, bright and diligent individual who is driven to meet deadlines

  • A team player who is able to manage individual responsibilities

  • Sound judgment, problem solving and analytical skills

  • Liaise with property management companies

  • Knowledge of REIT structures and testing

  • Knowledge of real estate multi-family and commercial real estate accounting

  • Advanced level MS Excel

  • Proficient with MS Word, MS PowerPoint

  • Knowledge of MRI, Yardi, or Investran a plus

    Key Competencies:

  • Business and Commercial Acumen

  • Quality and Risk Management

  • Client Relationship Management

  • Developing Working Relationships

  • Coaching and Developing Others

  • Organization & Resource Management

  • Drive for Results

NOTE: This job description is not intended to be all-inclusive. Employees may perform other related duties to meet the ongoing needs of the organization.

What We Offer:

  • A challenging and rewarding role in an award-winning global business.

  • Opportunities for personal and professional career development.

  • Great working environment, competitive salary and benefits, and opportunities for educational support.

  • Be part of an industry leading global team, renowned for excellence.

Confidentiality Assured.

RE-07-JRC