SUMMARY
The Fund Accounting Manager oversees the full-cycle accounting, financial reporting, valuation support, and investor reporting processes for Rialto’s real estate credit and equity fund investment vehicles. This role manages a team of Senior Accountants and works closely with Asset Management, Investor Relations, Compliance, Tax, and the Fund Controller/Assistant Controller to ensure accurate financial reporting, timely capital activity, adherence to fund governing documents, and continuous improvement of accounting processes and controls.
KEY RESPONSIBILITIES
- Lead, mentor, and supervise a team of Senior Accountants, overseeing daily fund accounting operations, workload allocation, and performance management.
- Oversee fund accounting related to Real Estate, Joint Venture Investments, Loan Portfolios, and Commercial Mortgage-Backed Securities (CMBS).
- Establish and manage the close calendar, ensuring timely and accurate delivery of all reporting deliverables.
- Review and approve journal entries, reconciliations, financial statements, capital activity, fee calculations, and carried interest models.
- Oversee preparation and review of capital call and distribution notices, investor allocation schedules, and related cash movement.
- Oversee investor reporting, including carried interest computations, Statements of Partners’ Capital, and all periodic investor deliverables.
- Support new fund launches, including review of governing documents, entity structuring, accounting setup, and initial capital activity.
- Collaborate with Rialto’s investor relations and compliance teams to ensure all requests fulfilled timely and accurately.
- Support the quarterly valuation process, including review of valuation inputs, assumptions, and supporting documentation for real estate, JV interests, loan portfolios, and other investments.
- Prepare ad hoc reports as requested by the Financial Reporting and Investor Relations team.
- Assist the Tax Department in gathering the data needed for yearly tax returns.
- Manage internal and external audit requests and ensure timely completion of audits.
- Conduct mid-year and year-end performance evaluations for direct reports.
- Develop and strengthen internal controls, fund accounting procedures, and workflow efficiencies, including automation opportunities.
SPECIFICATIONS
- Bachelor’s Degree required in Finance, Accounting, or related field preferred.
- Minimum of 5-6+ years of experience in accounting required with a mix of Private Equity / Fund accounting and Public Accounting experience.
- Certified Public Accountant is required.
- Experience with Investran preferred.
- Familiarity with waterfall models/carry calculations.
- Strong understanding of partnership accounting concepts (capital commitments, allocations, contribution/distribution mechanics).
- Supervisory experience of accounting staff, including training, reviewing work, and performance management
- Experience with FIS Investran preferred.
- Advanced proficiency in Microsoft Excel (complex formulas, pivot tables, etc.)
- Excellent communication and interpersonal skills
- Teamwork oriented
- Demonstrated ability to operate independently and exercise sound judgment.
- Must be proactive in a constantly changing environment.
- Ability to meet tight deadlines during quarterly and annual reporting cycles.
