Jobs and Careers

Accounting Manager, Private Funds

United States, United Statesfull_timeVerifiedPosted 6 May 2025

💰 $178,763/yr($107,018/yr – $178,763/yr)

About the role

Realty Income aims to be a globally recognized leader in the S&P 100, committed to creating long-term value for all stakeholders. These stakeholders include our dedicated team members, who embody our purpose: building enduring relationships and brighter financial futures. This guiding principle serves as a beacon for our team, influencing every action we take. Realty Income’s employees consistently invest their time, commitment, and dedication into the company, and in turn, they receive investment returns in the form of purpose, belonging, and opportunities for advancement. Realty Income is committed to best-in-class corporate responsibility practices through environmental initiatives, governance programs, and community outreach projects. From the boardroom to the breakroom, our team members make a difference every day. Position Overview:The Accounting Manager, Private Funds, will be responsible for supporting the operations of the private fund business within Realty Income, including day-to-day involvement in accounting, financial reporting, investor services, performance, and cash management. This role involves collaborating with various departments and service providers to launch one or more new private real estate funds, including the setting up of accounting and reporting systems and processes.Key Responsibilities:Fund Accounting:

Review deliverables from third-party accounting service providers, including fair value adjustments, management fees, incentive fees, and income allocations
Review quarterly financial statements, including work papers and support
Prepare quarterly reporting for fund expenses and organizational costs
Review monthly intercompany balances between Fund and management company, and coordinate with the treasury/AP team to execute payments
Review the fund liquidity analysis prepared by Treasury regarding investor commitments, the investment acquisition and disposition pipeline, financing facilities, and operating cash flow from the portfolio.
Prepare support for quarterly distribution and review calculations and investor allocations provided by third third-party accounting service provider
Coordinate with Accounting and Treasury on fund payments, including capital fundings and distributions from investments and to investors
Assist in developing new custom reporting in Yardi or other data sources

Investor Services:

Complete quarterly and ad hoc investor requests and consultant questionnaires; develop templates from data sources to facilitate recurring inputs
Publish quarterly reports to the investor portal (flash report, fund report, investor capital statements) and investor notices (capital calls and distributions)
Set up individual investor contacts and permissions in the investor portal based on subscription documents, and update periodically based on changes provided by investors
Set up and maintain a repository of investor-side letters and key terms
Assist with investor KYC/AML coordination with outside counsel and service providers

Financial Reporting:

Assist in the design of fund reports (quarterly report, flash report, investor NAV statements) in Workiva in collaboration with the financial reporting team; assist in the design and testing of automated data integration with Yardi
Quarterly reporting – roll forward quarterly reports in Workiva and coordinate content input among internal and external stakeholders; manage versions and approvals from draft until final
Prepare reporting package for investor advisory committee

Performance:

Assist in the setting up of the performance module in Yardi with gross and net time-weighted returns, IRR, and multiple on invested capital at the fund, investor, and investment level
Review calculations provided by a third-party accounting service provider
Roll up property-level returns into fund-level composites and compare to benchmarks.

Qualifications:A qualified candidate is typically expected to have:

5+ years of relevant accounting experience, preferably with real estate private funds, public accounting firms, or publicly traded companies.
Strong understanding of private capital fund accounting and reporting.
Bachelor’s degree in Accounting, Finance, or related field of study.