Accounting Manager

Company: Standish Management
Location: Richardson
Posted on: May 21, 2023

Job Description:

We are a majority employee owned provider of specialized fund administration services for Managers and General Partners of private equity funds, specifically: Buy out, Venture Capital, Real Estate and Fund of Funds. For new General Partners, we provide consulting services to help accelerate the launch of their funds in addition to our full fund administration services. For established General Partners, we provide administration services and technology to whole fund families or select funds, to help scale their fund operations rapidly and efficiently.Standish Real Estate Services offers accounting services to real estate developers, investors, owners and operators. We are a firm with experienced real estate professionals handling accounting and financial services for the real estate fund level entities down through the ownership and partnership entities to the underlying operating property level entities. From the construction and development phase to the ownership and operations of the property, we offer timely and accurate reporting solutions and we specialize in all types of real estate including land, industrial, office, retail, hotel, multi-family, manufactured homes and affordable housing.ResponsibilitiesManaging Investor capital calls, distributions, waterfall schedules and external reporting.Oversee compliance for securitization, fair value and consolidation principles.Support and validate fund administrator financial records and resolve variances timely.Assist with financial audits including reconciliation, support documentation, and communication with external auditors.Validate/compile material for investor performance.Responsible for assigned developments / operating properties and mentoring direct reports.Loan documents review, tracking of lender reporting requirements, draw constraints along with post-closing items.Review:Monthly construction loan draws. Work with lender on resolving issues in order to fund timely.Monthly GAAP financial statements including classification of costs during the construction process, development fees, common cost allocations, fixed assets and estimated costs to complete when project is delivered.Monthly project cost summaries for development team.Accounting for property acquisitions and dispositions, including review and summarization of related documents and preparation of journal entries.Manage accounting for Intercompany and elimination entries.Maintain and/or review appropriate schedules as required for the team.Participate in weekly meetings to understand and plan for future events.Review and approve journal entries for funding, acquisition and dispositions.Assist with reporting quarterly accounting information.Embrace the mindset of continuous improvement by identifying, collaborating and implementing best practices.Assist in ad hoc projects as necessary and other duties as assigned.Key Attributes:Adaptability-adapts to changes in the work environment, manages competing demands and is able to deal with frequent change, delays or unexpected events. Desire to learn and accept new challenges.Problem solving-identifies and resolves problems in a timely manner and gathers and analyzes information skillfully.Interpersonal Skills-maintains confidentiality, effectively works with others, displays a "can do" attitude.Planning/organizing-prioritizes and plans work activities, uses time efficiently and develops realistic action plans.Experience Requirement:Degree in AccountingReal Estate development and Fund Accounting experience is required (5 + years)Management Experience, (2+ years)Real Estate software experience - Yardi preferred.Excellent written and verbal communication skills, detail oriented, organized, analytical, supervisory skills, possess knowledge of accounting and projection software, MS ExcelSmall company background

Keywords: Standish Management, Richardson , Accounting Manager, Executive , Richardson, Texas