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Accountant

Salary
$100,000-$124,999
Employment
Full Time
Real Estate Field
Location
New York
 NY
Postal Code
10017
Country
United States

This job is no longer active.

Description


Company overview:  Raith Capital Partners, LLC (”Raith”) is a private investment firm focused on commercial real estate debt and equity investment. Based in New York City, Raith has a significant presence in the US real estate markets, investing on behalf of institutional and high net worth clients in discretionary funds and separate accounts. Raith supports its investment activities with a fully-integrated asset management team.

Conditions of Employment:
  • Designation: Full Time
  • FLSA Status: Exempt
  • Salary Range: Annual base salary of between $90,000 and $110,000 commensurate with experience and an annual discretionary bonus. Eligible for company benefits including 401k plan. Only local candidates should apply. No relocation assistance has been budgeted for this position.
Primary Responsibilities:
  1. Real Estate Fund Asset Level Financial review and quarterly fair value reporting
    1. Review monthly asset trial balances prepared by property managers and prepare adjusting journal entries as required.
    2. Review monthly property management general ledgers for classification accuracy.
    3. Complete review of monthly property management reports including identification of variances to operating budgets and capital expenditure budgets.  Work with Raith Asset Managers to identify source/explanation of variances.
    4. Prepare asset workpapers for submission to Fund Administrators including quarterly fair value adjustments and interface with Fund Administrators to troubleshoot potential issues.
    5. Prepare quarterly financial reports for submission to lenders for leveraged assets.
    6. Complete wind down of asset and liability accounts following asset disposition.
2. Vendor Invoice and cash management for all funds
    1. Preparation of weekly report scheduling invoice payment for invoices not paid at property level, cash needs and funds movement within the fund structure
    2. Ensure all invoices submitted for payment are properly approved and ensure Vendor W9 compliance
    3. Review and code vendor invoices for recording by Fund Administrator and payment by Raith
    4. Trouble shoot problem invoices
    5. Update cash tracking file for Real Estate Funds

  1. Assist in the preparation of Real Estate and CMBS fund routine financial reporting, including but not limited to:
    1. Quarterly, assist in preparation and review of fund level GAAP basis financial statements.
    2. Quarterly, assist in preparation and review of investor capital statements.
    3. Quarterly, assist in preparation of REIT testing.
    4. Annually, work with Big 4 or National CPA firms and internal team to conduct and issue audited fund financial statements on a timely basis.
    5. Work with Controller, Assistant controller and outside tax preparers in timely filing of all necessary tax returns and related filings, including 1099s
    6. Work with Fund Administrator to ensure accuracy of Administrators workpapers versus Raith internal workpapers.
    7. Work with Assistant Controller and Fund Administrator as needed to issue capital calls and distributions
    8. Work with Assistant Controller in ongoing management of capital commitments subscription facility and compliance with loan covenants.
    9. Assist in responding to investor quarterly questionnaires, and requests for information as well as respond to investor audit confirmations regarding capital account activity.
    10. Ensure period accruals are accurate.
  1. Assist Raith team members with ad-hoc projects

Relevant Skill Sets and Experience:

  1. Must have recent experience accounting for Commercial Real Estate and/or Commercial Real Estate Loans in a Private Equity or equivalent environment along with a strong understanding of Commercial Real Estate Valuation.
  2. 4-6 years of relevant experience in commercial real estate related accounting. A mix of public accounting (audit or taxation) and private organization(s) is preferred. CPA status is not necessary but is a plus.
  3. Strong knowledge of GAAP accounting.
  4. Solid experience preparing financial statements, budgets and forecasts. Tax experience is not necessary but is a plus.
  5. Strong ability to organize, stratify and present data in a succinct and understandable manner.
  6. Strong verbal and written communication skills required.
  7. Strong Excel skills required. Working knowledge of Word and PowerPoint.
  8. This position requires a motivated self-starter who is hands on and thrives on multi-tasking and is extremely detailed oriented with good business acumen.
 

Job Sector


Not specified

 

Experience


2+ to 5 years


This job is no longer active.

Accounting / Control New York Full Time NY Accounting / Control, Finance Controller other