Investment Accountant

Full Time

Website Cardinal Group Companies

POSITION: Investment Accountant (Salary, Exempt)
COMPENSATION: $60k-80k DOE, Biweekly, plus Benefits and Bonus eligibility
As an Investment Accountant, you will join a fast-moving team and contribute to the integrity and accuracy of monthly reporting and strategic analysis to support the scalability and growth of this dynamic investment company. You will gain technical skills, with focused responsibility over investment vehicle reporting and compliance. This team offers strong mentorship with attention paid to soft skill development, professional development, and continuing education. Role combines a breadth of technical investment company accounting skills and provides a unique opportunity to see the big picture via your involvement in all aspects of the back-office function.
RESPONSIBILITIES (Including but not limited to)
Cross-team coordination and project planning to maintain high-quality property and investment company books in accordance with GAAP and tax accounting methods.
Assist with the preparation of quarterly investment vehicle financial statements and investor reports; review financial statements prepared by third-party fund administrator to tie out property and capital activity and ensure consistency with GAAP and governing documents.
Review Asset Profiles and Executive Dashboard completed by Asset Management team to ensure such reports agree with property and investment vehicle financials.
Preparation of supplemental reports to be included in quarterly investment vehicle financials, ensure such reports agree with reports prepared by Asset Management and third-party fund administrator.
Review management fee calculations and process payments on a monthly/quarterly basis, as appropriate based on vehicle’s governing documents.
Assist with annual financial statement audits to include pulling PBC documents, reviewing financial statements, reviewing valuation models, and general coordination of auditors, third-party fund administrators, and Cardinal personnel.
Coordinate and oversee third-party fund administrator’s review of property financial statements and review significant journal entries (acquisitions, dispositions, refinances) prepared by the Property Accounting team.
Abstract lender reporting requirements, provide examples for Property Accounting to roll forward, track deadlines and deliverables sent by third-party fund administrator.
Assist with monthly upload of property financials into Yardi and complete tie-out on a quarterly basis to ensure no journal entries posted to Entrata subsequent to Yardi upload.
Manage A/P process to ensure all invoices are timely paid by the appropriate vehicles; includes logging invoices, reviewing wire report, reviewing wires in KeyBank.
Assist with monthly and quarterly cash management process to ensure assets are sufficiently funded, investment vehicles have sufficient cash to pay fees and expenses, and investors are receiving distributions, review bank transfers and journal entries.
Assist with quarterly REIT Testing and TRS Processing, preferred shareholder management, 1099s, and annual compliance matters for our Real Estate Investment Trusts.
Assist with review of tax returns and schedules K-1 to include, at a minimum, tie out of capital activity, beginning balances, and review of partner info.
Transaction assistance, to include review of settlement statement and proration schedules, drafting capital call and distribution notices, post-close reconciliations.
Reconcile, on a quarterly basis, Cardinal’s investment in its owned assets; assist with annual tax preparation for corporate vehicles; build waterfalls for each of the TICs in 1031 exchange deals.
Maintain track record and update performance on a quarterly basis.
Assist with RFP process for the selection of service providers, onboard new service providers and ensure capital accounts and income allocations are consistent with governing documents.
Build out TaskRay to include important checkpoints for larger projects and all deadlines and deliverables handled by CGI back office.
Assist with the buildout of GP reporting tool to improve portfolio-level performance analytics and give better insight into the performance of investment and general partner vehicles.
Assist with SEC Compliance program to include research, training slide deck updates, SEC reporting, annual risk assessment, and gathering of documents to complete our annual report.
Assist with other company initiatives as needed, including ad hoc disclosures and platform building.
Participate in Cardinal U training as required.
Excellence, proficiency, leadership potential, a love for details and a true partnership mentality.
At least three years of proven expertise, preferably in Public Accounting or CPA.
Prior experience in fund administration, partnership or investment accounting with exposure to tax compliance processing and review preferred.
Ability to review financial statements, quarterly reports, and ad hoc reports.
Project management skills, proven ability to oversee employees and/or external service providers.
Transaction experience including familiarity preparing and reviewing settlement statements, proration schedules, and post-close reconciliations.
Expert proficiency in MS Excel (VLOOKUP’s/pivot tables) and accounting ERP systems (Yardi).
The work environment characteristics described here are representative of those a Team Member encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Incumbents work both inside and outside of apartment buildings and in all areas of the property including amenities and have frequent exposure to outside elements where temperature, weather, odors, and/or landscape may be unpleasant and/or hazardous.
The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the Team Member is regularly required to use hands to finger, type, handle, or feel and talk or hear. The Team Member is regularly required to stand; walk; reach with hands and arms, and climb, stoop, crawl, or squat. Incumbents must be able to physically access all exterior and interior parts of the property and amenities and must be able to work inside and outside in all weather conditions including, but not limited to rain, snow, heat, hail, wind and sleet.
The Team Member must be able to push, pull, lift, carry, or maneuver weights of up to twenty (20) pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
Routine, travel may be required to assist properties as needed, attend training classes, business meetings, or other situations necessary for the accomplishment of some or all of the daily responsibilities of this position.
The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their Team Leader.
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