rsm us llp

Property Accounting Manager

Gurugram
January 17, 2024
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Job Description

Position Title: Manager – RE Investment Accounting

Position Description: This position is part of our RSM’s fund administration group and this team is responsible for property/investment accounting, financial reporting, and fund operations.

About our firm: RSM is the leading provider of audit, tax, and consulting services to the middle market. We have firms in 120 countries, with a presence in each of the top 40 major business centers throughout the world. We have a global team of 57,000 people spread over our 830 offices across the Americas, Europe, MENA, Africa, and Asia Pacific. Our purpose is to deliver the power of being understood to our clients, colleagues, and communities. As first-choice advisors, we are focused on developing leading professionals and innovative services to meet our clients’ evolving needs in today’s ever-changing business environment.

Through a supportive, caring culture, our people are empowered to be their authentic selves and share their unique perspectives. Our culture of diversity and inclusion enhances the insights we provide while transforming innovation, collaboration, and business results through fostering an inclusive environment, working hard to engage a talented workforce and reflect our diverse community, and developing relationships that serve others in business and the broader community. Together, our people’s individual talents and diverse perspectives strengthen our teams and enhance the unique insights that we provide to our clients.

Business Practice Overview: RSM’s Fund Services+ within our Financial Consulting practice is a dedicated team of experienced professionals who specialize in providing managed services to Private Equity and Real Estate Groups for fund administration, helping to navigate technical accounting challenges, assisting with financial reporting requirements, fund performance measurements, and supporting Management to improve the effectiveness and efficiency of their accounting and finance functions through an integrated, streamlined technology platform. With our blend of deep technical knowledge, private equity and real estate industry experience, and fund accounting know-how, we can provide an integrated team of fund administrators, valuation and tax specialists, and other subject matter experts who can help manage the day-to-day back-office functions for Private Equity and Real Estate funds. It’s a globally integrated team with transactional to strategic capabilities and comprehensive areas of specialization drawing on our entire RSM market-leading organization.

About this role: RSM is actively seeking talented FundProperty accounting professionals who are characterized by high motivation, self-direction, strong analytical skills, and a track record of excellence in their previous roles.

Are you an experienced fundproperty accounting professional on the hunt for an exciting career opportunity with a leading fund service provider that boasts a best-in-class technology platform and an end-to-end fund service model tailored for the private markets?

Do you aspire to deepen your technical expertise in intricate fund terminologies, address complex accounting challenges, and navigate the intricacies of fund structures within the private markets? Are you enthusiastic about engaging with and collaborating alongside a diverse range of clients? Are you in pursuit of a career that promises stimulating and diverse avenues for professional growth?

If so, RSM’s Fund Services + is the right fit for you!

Specific Responsibilities:

  • Assume ownership of the fund complex, encompassing complete end-to-end responsibilities for property/investment accounting and reporting.
  • Prepare/review monthly/quarterly and annual financial statements with footnotes including management reporting packages.
  • Ensure that proper accounting policies, procedures, and internal controls are maintained and that all financial transactions are recorded in accordance with GAAP requirements.
  • Handle bookkeeping for the entity’s operations which includes cash booking, expense accruals, assets and depreciation accounting, management fees, credit facility maintenance, deal funding, etc.
  • Support with queries from clients, fund accounting team, regulatory authorities, and external auditors.
  • Assist with onboarding new clients, setting up the entities, and assets and build customized reports in line with the client’s reporting requirements.
  • CreateReview SOPs and checklists for various processes to ensure completeness, accuracy, and timeliness.
  • Review capital calls and distribution calculations and schedules through technology platforms.
  • Work collaboratively with global team members to manage day-to-day operations and provide client servicing.
  • Offer mentorship and guidance to new or junior team members.
  • Development of staff along with retention and helping the team members navigate their careers at the firm

Qualifications:

RSM seeks to hire individuals who are highly motivated, self-driven, analytical, and have demonstrated excellence in prior endeavors.

  • 7+ years of experience in property/investment services domain with fund managers or fund administrators or public accounting firms
  • 3+ Years of experience in leading, coaching, and mentoring teams
  • Ability to interpret/apply the financial and operational terms of Investment Agreements and Structures for PE/RE entities.
  • Undergraduate degree in accounting

· CPA and/or CA preferred

· Proficient knowledge of Investment accounting platforms (Yardi knowledge a large PLUS!)

· Strong analytical skills, detail-oriented and highly organized

· Demonstrates a strong work ethic, team player, upholds personal and professional integrity, and maintains a positive attitude

  • Possesses effective oral and written communication skills, as well as influencing skills and leadership capabilities.
  • Adapts well to dynamic, fast-paced environments and excels at managing multiple projects simultaneously.

What we offer: The firm offers a competitive benefits package, base compensation, and an employee bonus program for eligible roles based on individual and firm performance per program guidelines. For the health and safety of our employees, we provide comprehensive life and health cover.

We celebrate the success of our employees, we provide an environment that helps you progress in your career, offers mobility opportunities across the firm, and enables you to develop your skills on the job through our internalexternal learning resources

DEI: RSM is an equal opportunity/affirmative action employer to Minorities/ Females/ Disabled/ Veterans.