Basis Investment Group is seeking a Senior Accountant to assist with accounting and financial reporting functions and will provide a key role in maintaining the accuracy of the Fund’s Financial reporting process. Responsible for analyzing and reconciling detailed financial information received from the Fund Administrator to internal documentation as assigned. Maintains all aspects of the Fund’s reporting from start to close. Researches and resolves discrepancies and accounting errors. Completes related reports, summaries, and records. The position will report to the Controller and will be based in New York, NY.
Basis Investment Group is a New York based multi-strategy commercial real estate (‘CRE”) investment platform that originates and securitizes Agency, CMBS and Bridge senior mortgages, invests in subordinate debt including mezzanine loans, B-Notes and preferred equity, and opportunistically buys CMBS tranches including B-pieces & performing & distressed whole loans. With 50+ years of collective debt and equity experience, the key members of Basis management team have originated and closed in excess of $30 billion of CRE investments. Please visit our website (www.basisinvgroup.com) for more information about Basis.
JOB SCOPE & RESPONSIBILITIES
Reconciles accounts and statistical data and fully analyzes financial statements in accordance with GAAP and company policy.
Analyzes financial information detailing assets, liabilities, and capital, and prepares balance sheet, profit and loss statement, and other reports to summarize current and projected company financial position.
Compiles and analyzes financial information to prepare journal entries and document business transactions, including budget variance analysis.
Assists Controller in reviewing month end financials and conducting monthly variance analysis.
Complete monthly close and timely reconciliation of GL and bank accounts.
Gathers and provides information to support regulatory audits and tax filings.
Ensures that information is complete, accurate and timely and in accordance with company guidelines.
Answers accounting and financial questions by researching and interpreting data.
Protects organization's value by keeping information confidential.
Assumes responsibility for the accurate and timely completion of assigned accounting functions.
Reviews source documents and records daily transactions. Balances and posts daily write-ups and journals. Computes figures and prepares recurring account statements.
Assist with the initial review of monthly, quarterly, and annual reports, including financial statements, capital call and distribution notices, capital account statements, and ad hoc reports.
Review and monitor key schedules, including capital schedules, preferred return & interest calculations and fund waterfalls.
Assist with annual audit and tax return processes, including review of K-1s.
Prepare financial/performance related investor inquiries and report requests.
Completes accounting functions in accordance with established policies and procedures.
Back up to the Controller for duties assigned.
Performs other job-related duties as assigned.
JOB SKILLS & KNOWLEDGE:
Bachelor’s Degree or higher in Accounting.
3-5 years of real estate accounting experience with advanced Excel skills.
Prefer expertise in Commercial Lending accounting, or equivalent combination of education and experience.
Highly proficient with accounting software, Yardi and Expensify.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, and volume.
Excellent written and verbal communication skills.
Proficient in Microsoft Office Suite or similar software.
Excellent analytical skills with ability to independently solve problems.
Attention to detail. Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; Ability to manage multiple assignments simultaneously.
Self-motivated worker with the ability and flexibility to work in a dynamic, team setting as well as independently.
About Basis Investment Group, LLC
Basis is a commercial real estate (CRE) investment manager, primarily focused on debt and structured equity strategies. Basis originates and acquires diversified CRE debt investments across the capital stack of stabilized, transitional, and development assets throughout the United States. Basis was founded in 2009 by Tammy K. Jones in partnership with JEMB Realty Corporation, a U.S. real estate company established over 30 years ago. JEMB owns and manages approximately eight million square feet of commercial real estate assets. Basis is a certified Minority and Woman Owned Business.