Director of Fund Accounting
Responsible in managing multiple client accounts as one of the client account lead for a business line. Manages and lead multiple fund accounting teams to provide accurate and timely client reporting for assigned portfolios of investment funds. Implements processes to ensure compliance with reporting requirements. Manages client relationships for various funds. Supports new business initiatives. Maintains positive working relationships with internal CBRE business units. Plays a key role in the implementation and maintenance of the accounting processes and systems within Yardi Voyager IM databases. Responsibility for leading and managing the fund finance function. Collaborating and managing client relationships to maintain a long-term relationship. Plans strategically and give assistance to direct reports.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Financial Statement & Budgets:
Conduct final review of fund financial statements and provides strategic insights, analysis and comments for closed-end or open-end commingled funds as well as separate accounts. Reviews the work of senior fund controllers or controllers as well as providing technical accounting guidance for the accounting team or to address technical accounting questions raised by clients. Manages portfolio budgets, forecasts and reports for clients/investors. Assist client service team with coordinating interim and annual audit or tax compliance works for client accounts with Big 4 accounting firm.
Monitors Financial Performance:
Monitors financial performance, provides a forward-looking view and strategic advice to the executive leadership team. May compile and analyze detailed data where required. Serves as a liaison between the different parties and strategically builds relationships with key stakeholders. Develops performance measures that supports the company's strategic direction and manages departmental processes to ensure there is a high level of efficiency.
Treasury Function:
Manages the treasury/ cash management function for client funds. Reviews and signs-off on fund level bank account reconciliations.
Risk Management:
Manages financial/legal/tax risks and ensures segregation of duties and a suitable control framework is in place. Maintain process compliance to internal control procedures, including the SOC I controls. Ensures that the company complies with all legal and regulatory requirements. Monitor cash balances and cash forecast.
New Business Participation & Structuring:
Serves as a member of the sales team in the pursuit of new fund level business. Develops responses to RFPs and attends and participates in sales pitches to present accounting solutions. May prepare and deliver financial presentations to client's senior management. Manages capital request and budgeting progress, reviewing new contracts and business opportunities. Manages financial transactions related to new business proposals. May oversee multiple and complex deals. Oversees fund structuring (setting up/maintaining), joint venture structuring and underlying inquiries, subscriptions, and redemptions terms and conditions.
Pricing Platform & Fund Valuation:
Develops and maintains fund pricing platform. Provides pricing estimates for new business and renewals and determines pricing for scope of service changes. Recognizes, suggests and pursues consulting opportunities to managers, market leaders, and/or investors and clients. Serves as a member of the pricing team representing client accounting services.
Investors' Contact:
May be the single contact point for senior levels of the fund investors or may delegate.
Customer Service:
Provide strong client management and governance. 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. Provide hyper-care services to client accounts as needed.
Transitions:
Participates and/or leads all aspects of internal and external property and client transitions. Works with other internal teams in handling special requirements as defined in the Management Agreement and scope of services in the Financial Services Agreement. Systems Implementation: Leads systems implementations. Signs off on audits.
Special Projects:
Works with other internal teams in managing special requirements or projects. Researches and remains current with changing business climate and applicable state and federal regulations related to fund accounting practices.
Other Duties:
Performs other duties as assigned
SUPERVISORY RESPONSIBILITIES
Manages the planning, organization, and controls for the fund finance group within a business line or country. May be responsible for a mix of direct and matrix reports. Approves subordinate's recommendations for their team's recruitment, selection, promotion, advancement, corrective action and termination. Effectively recommends same for direct reports to next level management for review and approval. Monitors appropriate staffing levels and reports on utilization and deployment of human resources within own area. Leads and supports staff in areas of staffing, selection, training, development, coaching, mentoring, measuring, appraising and rewarding performance and retention
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 15 years accounting experience or equivalent combination of education and experience required. Requires prior management experience.
CERTIFICATES and/or LICENSES
Certified Public Accountant qualifications in relevant jurisdictions.
COMMUNICATION SKILLS
Ability to comprehend, analyze, and interpret the most complex business documents. Ability to respond effectively to the most sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups. Ability to motivate and negotiate effectively with key employees, top management, and client groups to take desired action.
FINANCIAL KNOWLEDGE
Very strong knowledge of financial terms and principles. Reviews complex financial/business analysis and reports prepared by subordinates. Ability to analyze the most complex business/financial data and develop innovative solutions. Develops and implements financial policies and procedures. Approves and oversees department budget. Strong technical financial skills and comprehensive knowledge of GAAP, FASB, REIS, IFRS.
REASONING ABILITY
Ability to solve complex problems and deals with a variety of options in complex situations. Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions for a growing matrix-based multi-industry sales environment. Draws upon the analysis of others and makes recommendations that have a direct impact on the company.
OTHER SKILLS and/or ABILITIES
Very strong economics, math and analytical skills and ability to apply them strategically and in the pursuit of diverse situations. Knowledge of real estate terms, definitions, and real estate analytical methodology. Knowledge of Company financial systems as well as internal and external information sources. Advanced knowledge of computer software and hardware (i.e. Microsoft Office Suite Products). Ability to work in multiple accounting software applications. Ability to travel.
