Associate Fund Accounting
Associate Fund Accounting
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$ 70000 - 80000
1 Vacancy
Job Description
Job Details
Description
Who We Are
Core Spaces (Core) is more than a real estate company its a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live) GRIT (We Got This) LIFT (Help Each Other Win) SHINE (Bring Your Full Self) UPHOLD (Never Break Trust) GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.
What We Do
Founded in 2010 Core is a vertically integrated company focused on acquiring developing managing and lending across the student housing and buildtorent (BTR) sectors. Its residential communities feature worldclass amenities progressive design and hospitalitydriven client service. In its awardwinning student portfolio Core currently owns and/or manages over 45600 beds* and has a pipeline of over 45000 beds* in various stages of development. Cores BTR division currently has over 3000 homes under development and in its pipeline in highgrowth metros across the country. For more information visit www.corespaces.
*Portfolio and pipeline numbers as of November 2024
Benefits That Matter
- A culture that provides you with a sense of belonging
- Hybrid or remote work options may vary by role to support worklife balance
- Competitive pay that values your contributions
- Incentives designed to reward your achievements
- Paid unlimited PTO to disconnect or celebrate life milestones
- Paid 15 holidays including your birthday to disconnect and celebrate
- Paid Parental Leave that begins after 90 days
- Paid volunteer time off to give back to your community
- Monthly workshop weeks; fewer meetings & more collaboration
- Robust health plan options that begin within at least 30 days of your employment
- Monthly phone reimbursement
- Wellness allowance and perks including a yearly subscription to a meditation app
- An environment that provides you with a voice to share your perspectives
- Employee Assistance Program (EAP) for access to confidential support services
- Company retirement options including 401(k) matching & Roth account option
Position Overview
The Fund Accountant position within Core Spaces embraces ambition and innovation to serve Core Spaces development and operating funds. The Fund Accountant role is responsible for the monthly quarterly and annual preparation/review of fund investment financials variance analysis capital call allocations investor reporting GAAP accounting and income allocations. In addition this position will be involved in the preparation of the annual audit reports and act as a direct liaison with the fund administrator auditors and other related parties. The role will have direct exposure and collaboration with internal groups including but not limited to acquisitions investments capital markets development asset management and wealth management teams.
What You Will Do
- Perform monthly quarterly and annual accounting close processes including journal entries reconciliations and compiling auditlevel support for all transactions
- Preparation of financial statements and reporting packages including variance analysis various roll forwards and lender/investor reporting to ensure accounts properly reflect each funds financial position in accordance with Operating Agreements
- Monitor cash needs through crossteam collaboration and forecasting based on knowledge of upcoming transactions
- Collaborate with property and development accounting team members to confirm equity balances throughout the investment structure and confirm the timing of payment for construction draws
- Assist with the land and asset acquisition process working with our acquisitions capital markets and fund management teams
- Review and ensure compliance with accounting policies and procedures and resolve accountingrelated issues
- Respond to audit and investor inquiries pertaining to the quarterly and annual reporting package
- Prepare quarterly investor templates for assigned funds and manage related deadlines
- Focus on continuous improvement of processes and procedures
- Perform all other duties and tasks assigned by management
Ideally youll have
- Bachelors degree in accounting or finance required
- 13 years experience in fund administration or public accounting preferred
- Experience with real estate fair value accounting preferred
- Background in accounting for various types of entities including private equity funds and REITs a plus
- Proficiency in MS Outlook Excel Word
- Excellent interpersonal and organizational skills
- Ability to multitask and manage shifting priorities in a fastpaced environment
- Attention to detail and high level of accuracy
- Experience with various accounting technology platforms preferred
Youll crush it if you have experience with
- Experience with Entrata and/or Yardi
Organizational Structure
Reports to: Senior Associate Fund Accounting Student Housing
Direct Reports: N/A
Disclaimer: Please note that job responsibilities reporting lines and duties outlined in this job description are subject to change to meet the evolving needs of the organization.
As an Equal Opportunity Employer Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.
Base Salary: $70000$80000 annually. Final salary within this range will depend on experience skills qualifications and location.
Additional Compensation: Employees may be eligible for discretionary bonuses typically ranging between 510 of base salary annually depending on individual and organizational performance.
Required Experience:
IC
Employment Type
Full-Time
