Fund Accountant II
Fund Accountant II
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USD 75000 - 82000
1 Vacancy
Job Description
Position Summary
The Fund Accountant II is a key accounting role responsible for executing daily fund accounting operations performing monthly financial close activities and supporting internal and external financial reporting. This position acts as a liaison between the servicing company and the fund ensuring clear communication and consistent data accuracy. The ideal candidate has extensive experience in lending and fund accounting within a dynamic fast-paced environment and is comfortable managing evolving financial processes and compliance standards.
Key Responsibilities
Accounting & Reporting
- Prepare monthly financial statements for FGMS including Income Statement Balance Sheet and Cash Flow.
- Perform monthly accruals of interest income interest expense fees and premium amortization.
- Maintain and reconcile the CECL (Current Expected Credit Losses) file monthly.
- Perform monthly reconciliations of sub-ledger and third-party loan servicing data to the general ledger.
Cash & Transaction Management
- Monitor and manage daily cash balances and approve wires and ACH disbursements.
- Reconcile FGMS bank accounts and weekly deposit transfers from the servicer.
- Record corporate debt activity (borrowings draws interest).
REO Accounting
- Reconcile REO (Real Estate Owned) settlement statements and record associated income costs and expenses.
- Prepare and maintain monthly REO reconciliation files.
Audit & Compliance
- Lead third-party and lender audit processes and prepare audit deliverables.
- Ensure compliance with company policies internal controls GAAP and regulatory requirements.
Collaboration & Supervision
- Communicate closely with the Director of Investor Relations and Fund Accountant I.
- May supervise junior accountants as assigned.
Qualifications
- Education: Bachelors degree in Accounting Finance or Business Administration.
- Experience: Minimum 5 years of accounting experience preferably with a focus in fund accounting and lending.
- Technical Skills: Advanced Excel skills required; experience with NetSuite and/or Sage Intacct preferred.
Key Competencies
- Strong attention to detail and organizational skills.
- Ability to manage multiple deadlines and adapt to changing priorities.
- Clear and professional communication skills both written and verbal.
- High level of integrity and commitment to accuracy.
Why Work with Us
- Competitive compensation and benefits package.
- Opportunity to support a growing and evolving financial services business.
- Collaborative and professional work environment.
Employment Type
Full-Time
