From Berkshire Group, LLC's posting. “We” and “our” refer to the employer.
Company Overview
Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.
If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.
Position Summary
The Accounting Manager (Credit/Debt Funds) will oversee debt investment accounting and ensure fund financial information is accurately captured, classified, and recorded in the form of financial statements for assigned portfolios.
Credit (Debt) Fund Strategies include: (1) purchasing Freddie Mac Capital Markets Execution B-piece debt investments that are collateralized by high-quality multifamily mortgages throughout the United States (2) pursuing directly sourced preferred equity and mezzanine loan opportunities as well as (3) originating floating-rate transitional bridge loans with the intent to get to critical mass, securitize pools of loans through Collateralized Loan Obligations ("CLO's") and retain non-investment grade bond classes.
Essential Functions:
Oversee portfolios of debt investments, including supervision of the daily workflow of the accounting staff (including offshore team), routine and non-routine assignments and monthly financial statement close process to ensure accuracy, completeness and in accordance with set deadlines
Preparation and review of Fund/Account closing and consolidation process for their portfolios, which includes bond accounting (including interest income, principal payments and amortization of discounts), loan accounting (including interest income, capitalized or deferred interest and principal payments), warehouse and securitization accounting (including interest expense, principal payments to bondholders and amortization of costs and discounts associated with each debt instrument)
Assist with adherence to internal controls surrounding financial reporting disclosure and compliance, and enhance internal controls as needed.
Begin to assist in financial statement preparation and supporting materials
Responsible for the management of the external audit process
Manage third party relationships with custodians, services, trustees, partners, joint venture partners, etc.
Review debt investment budgets and forecasts
Support portfolio management as needed in the process of compiling the internal reporting packages and ad hoc requests
Assist in review of joint venture documents, loan agreements and waterfall calculation set up and maintenance
Assist in the preparation of quarterly, annual and ad hoc investor requests
Perform REIT qualification testing on a quarterly basis
Preparation of related party and joint venture partner activity reconciliations and related payments of intercompany balances and distributions
Able to effectively use information technology systems and software to solve complex problems, address accounting needs and business issues, and generate operating efficiencies
Manage and develop team members, including allocating regular one-on-one time to address areas that can be improved, while continuing to monitor offshore resources to ensure work product is adequate. Provide feedback to the group and provide recommendations for improvement. Set direction for the team when competing priorities occur
Assist in preparation of investor capital calls, distribution notices and capital account statements for funds assigned.
Consistently demonstrate use of tact and discretion
Knowledge/Experience:
5+ years of practical accounting experience
Demonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtual
General ledger maintenance including consolidations and eliminations
Practical accounting knowledge of account balances
Full disclosure financial statement preparation, including footnotes
Budgeting and forecasting
Multifamily real estate accounting/management
REIT tax compliance
Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications
Ability to communicate with and manage up to senior management
Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
Demonstrate emotional intelligence in high pressure and sensitive situations
Tenacity, patience, and perseverance to work with business deals from beginning to end of process
Maintain confidentiality of sensitive information and communications of information
Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities
Develop productive working relationships with all team members including internal clients and external third parties
Demonstrated high level of ethics and integrity with a straightforward and honest approach
Technical/Educational Requirements:
Bachelor’s degree with a concentration in accounting
CPA or be CPA qualified preferred
Must have experience with computer usage/applicable software to solve accounting issues
Demonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs)
Proficiency with computers, keyboards, monitors and telephone headsets.
Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point)
Berkshire Residential offers an excellent benefits package
, focusing on our employees’ total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Current anticipated annual base salary range: $110,000 - $125,000. Base salary within the range will be determined by various factors including but not limited to the individual's experience, skills and qualifications. Please visit our Careers page for full details – and to learn more about how we value our employees.
We believe
Berkshire Residential values diversity, equity, inclusion and belonging
. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.
About this listing
LAYIQ is an independent job-discovery service. This listing does not imply a partnership with or endorsement by the employer. Review the original posting for current details and availability.
