Real Estate Fund Accountant

About the Role

The Real Estate Fund Accountant position at CSC Fund Services involves managing daily accounting and reporting activities for real estate funds and Special Purpose Vehicles (SPVs). The role encompasses preparing Net Asset Value (NAV) calculations, supporting financial statements, and investor reporting to ensure accurate and compliant documentation.

Key Responsibilities

• Manage daily bookkeeping and accounting transactions for real estate funds and SPVs, including journal entry recording and ledger maintenance.
• Compile monthly and quarterly NAV reports along with supporting schedules, and perform reconciliations such as bank accounts, loans, accounts payable and receivable, and intercompany transactions.
• Support valuation updates, handle transaction accounting related to acquisitions, disposals, and financing, as well as assist in period-end closing procedures.
• Prepare investor capital statements, calculate waterfall distributions, and facilitate periodic investor reporting requirements.
• Assist with audit preparations, deliver financial reporting outputs, and complete work packages to meet client deadlines.
• Maintain accurate accounting records, documentation, and ensure adherence to internal controls.
• Monitor cash flow positions, carry out cash reconciliations, and track expenses related to the funds.
• Organize and maintain documentation related to fund activities, supporting schedules, and workpapers to ensure easy retrieval and accuracy.
• Generate ad hoc reports and address client queries as they arise.

Skills and Experience Requirements

• Extensive hands-on experience in fund and property accounting, NAV computations, and financial statement preparation specific to real estate funds.
• Proven ability to manage transitions of real estate funds from onshore locations and onboard new clients seamlessly.
• Strong communication skills and expertise in cultivating and maintaining long-term client relationships.
• Thorough understanding of accounting principles and demonstrated experience handling audit processes.
• Proficiency with Yardi Voyager, Microsoft Office Suite, and macro-enabled Excel spreadsheets.
• 2 to 5 years of professional experience in real estate fund accounting.
• Educational qualifications include a postgraduate degree in Commerce, MBA in Finance, or professional credentials such as CA, CMA, CPA, or CFA.

Additional Details

• Department: Fund Services
• Work Schedule: APAC shift hours
• Work Mode: Hybrid