Senior Manager, Debt Accounting

Responsibilities of the Senior Manager, Debt Accounting: Oversee accounting operations for assigned real estate debt investment portfolios and funds, ensuring accurate and timely monthly, quarterly, and annual reporting. Our client is seeking an experienced Senior Manager, Debt Accounting to oversee accounting operations, financial reporting, and audit activities for a portfolio of real estate debt investments and investment funds.

Client Overview:
Our client is an established investment management firm specializing in real estate and alternative investment strategies. The organization offers a collaborative, team-oriented environment focused on financial performance, operational excellence, and delivering value to institutional investors. The firm is seeking an experienced Senior Manager, Debt Accounting to join its growing investment accounting team.

Salary/Hourly Rate:
$130k - $140k

Position Overview:
Our client is seeking an experienced Senior Manager, Debt Accounting to oversee accounting operations, financial reporting, and audit activities for a portfolio of real estate debt investments and investment funds.
This position will lead a team of accounting professionals, including offshore resources, while ensuring the accuracy and timeliness of financial statements, investor reporting, reconciliations, and regulatory compliance.
The ideal candidate brings a strong foundation in fund accounting, real estate investments, financial reporting, and team leadership. This individual will work closely with portfolio management, senior leadership, auditors, and external stakeholders to support investment operations and identify opportunities to enhance accounting processes.
This is a permanent, direct-hire opportunity offering a hybrid work schedule in Boston, with 2 days onsite and 3 days remote.

Responsibilities of the Senior Manager, Debt Accounting:

• Oversee accounting operations for assigned real estate debt investment portfolios and funds, ensuring accurate and timely monthly, quarterly, and annual reporting.
• Manage, mentor, and develop a team of 3-5 accounting professionals, including offshore resources.
• Review general ledger activity, account reconciliations, consolidations, eliminations, and financial statements.
• Prepare and review full-disclosure financial statements, including supporting schedules and footnotes.
• Manage external audit processes, including audit planning, interim reviews, year-end audits, and auditor requests.
• Ensure compliance with financial reporting standards, internal controls, and applicable regulatory requirements.
• Prepare quarterly and annual investor reporting in accordance with limited partnership agreements and investor requirements.
• Partner with portfolio management to develop financial reporting packages, cash projections, forecasts, and ad hoc financial analyses.
• Support investment performance calculations, including internal rate of return (IRR), time-weighted returns, and dividend yield analysis.
• Review REIT qualification testing and monitor the impact of income and asset classifications on compliance requirements.
• Oversee related-party transactions, intercompany balances, joint venture reconciliations, distributions, and payments.
• Review joint venture agreements and loan documentation to support accounting treatment and waterfall calculations.
• Assist with capital calls, distribution notices, and investor capital account statements.
• Identify and implement process improvements to strengthen internal controls, reporting accuracy, and operational efficiency.
• Establish team priorities, manage competing deadlines, and ensure timely completion of financial deliverables.

Required Experience/Skills for the Senior Manager, Debt Accounting:

• 5+ years of progressive accounting experience, including financial reporting and general ledger responsibilities.
• Strong experience with consolidations, eliminations, account reconciliations, and preparation of full-disclosure financial statements.
• Experience in multifamily real estate accounting, real estate investment management, or a closely related field.
• Knowledge of REIT tax compliance and qualification requirements.
• Experience managing external audits and coordinating with auditors and internal stakeholders.
• Demonstrated leadership experience managing accounting teams, including remote or offshore resources.
• Experience with budgeting, forecasting, financial analysis, and reporting.
• Strong understanding of accounting principles, internal controls, and financial reporting requirements.
• Advanced Microsoft Excel skills and proficiency with Microsoft Office applications.
• Excellent analytical, organizational, communication, and problem-solving skills.
• Ability to manage multiple priorities and meet strict financial reporting deadlines.
• Strong attention to detail and the ability to work collaboratively across finance, investment, and operational teams.

Preferred Experience/Skills for the Senior Manager, Debt Accounting:

• Direct experience with debt investment funds, real estate investment funds, or institutional fund accounting.
• Experience with investor reporting, capital calls, distributions, and capital account statements.
• Familiarity with investment performance metrics, including IRR, time-weighted returns, and dividend yields.
• Experience with joint venture accounting, loan agreements, intercompany transactions, and waterfall calculations.
• Background in real estate private equity, private credit, or alternative investment management.
• Experience improving accounting processes, implementing internal controls, and enhancing reporting efficiencies.
• Previous experience working with limited partnership agreements and institutional investor reporting requirements.

Education Requirements:

• Bachelor's degree in Accounting or a closely related accounting-focused discipline required.
• CPA designation or CPA eligibility preferred.

Benefits:

• Additional employee benefits and compensation details will be discussed during the interview process.

Job Wrapping ID: #LI-AJ3

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EOE/M/F/D/V/SO

Position ID: 410865