Associate Director, Private Equity Accounting
The BAM Companies (BAM) began in 2010 in the heart of Indianapolis. Affectionately referred to as the “BAMFAM” by its employees, the company is dedicated to changing the way property management operates. A property management company focused on achieving maximum benefit for residents, owners, and investors, BAM always acts with a focus on its core values of: Growth, Fun, Family, and Work-Life Balance. In utilizing industry knowledge, the strengths of the team, and market expertise, BAM is a company that knows how to succeed! We encourage you to join this winning team, and grow with us.
This position will work alongside the VP of Finance to provide fiduciary services to the private equity arm of The BAM Companies. The ideal candidate will have specialized accounting expertise in real estate private equity and fund accounting, with general knowledge of tax and GAAP considerations relevant to the industry. The Associate Director will be responsible for the day-to-day accounting and fund administration of the division and will be involved in the overall growth trajectory of the department.
Essential Job Functions
- Prepare and maintain the financial books and records for the real estate private equity portfolio, specifically its fund entities
- Act as one of the primary liaisons between the firm and its internal or third-party service providers (auditors, administrators, tax, legal, bankers, investor relations, operations)
- Collaborate with the Investor Relations team on the preparation of client deliverables, as well as the workflow for capital calls and distribution processing
- Utilize existing investor relations software to run waterfall calculations
- Assist with the preparation of Fair Market Value calculations in accordance with GAAP
- Calculate and report on various project metrics (IRR, cash-on-cash, unrealized gains, etc.) both at the single-asset and fund aggregate levels
- Prepare fund administration fee calculations and process payments to fund administrator
- Provide relevant investment tax knowledge to both internal and external clients
- Demonstrate knowledge of private equity fund structures, proficiency in accounting for complex transactions and understanding of fund governing documents
- Seek out and recommend operational improvements that lead to increased efficiency and scalability
- Collaborate with the executive team on broker-dealer initiative; including initial registration, implementation and ongoing compliance
- Lead and work on ad hoc client projects and internal initiatives
- Manage year-end audit and reporting process including coordination with clients, auditors and tax teams
Required Education and Experience
- Bachelor’s degree in Accounting or Finance
- 4+ years of fund accounting experience in either Real Estate Private Equity, Private Equity Funds, Private Equity Fund Administrators, or other financial institutions where the candidate has gained financial products knowledge
- General knowledge of real estate transactions and syndication models experience in preparing capital calls and distributions including complicated waterfall models
- Comfortable in understanding and navigating through partnership agreements and fund legal documents
- Strong attention to detail and accuracy
- Superior problem solving, analytical, judgment and decision-making skills
- Ability to think independently, prioritize, multi-task, and meet deadlines
- Extensive Microsoft suite skills
- An ability to work under pressure to meet tight deadlines and balance multiple priorities
- Strong organizational skills with the ability to own and see projects to completion
- Self motivated and proactive with the ability to work independently as well as be able to effectively work on a team.
Preferred Education and Experience
- 6+ years of relevant experience
- CPA or other relevant professional designation
- Knowledge of tax implications specific to the industry
- Experience in building a department and team
- Experience working with or for Broker Dealer firms including knowledge of Net Capital Requirement and other financial considerations
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.
The physical demands described here are representative of those that must be met by an employee to perform the essential functions of this job successfully. While performing the duties of this job, the employee is regularly required to talk and/or hear. The employee frequently is required to stand, walk, use hands to finger, handle or feel, and reach with hands and arms. The employee must occasionally lift or move office products and supplies, up to 20 pounds.
Position Type/Expected Hours of Work
This is a full-time position; hours of work will vary Monday – Friday.
This is a primarily local assignment during the business day, although some out-of-area travel may be expected.