Due to Stream Realty’s growing business, the company is seeking a Fund Accountant to work with our real estate investment funds. The Fund Accountant is responsible for all aspects of the day-to-day accounting for one or more assigned investment funds. The role works closely with the Fund team. The position offices in our downtown Dallas headquarters.
What You Will Do:
Maintain books for the Fund(s); Submit quarterly for Fund Accounting Manager’s review.
Prepare quarterly financial statements with notes for the audit.
Monitor the cash of the funds. Reconcile bank accounts. Record the cash transactions.
Review property-level financials and work with property accountants on any questions/corrections. (Follow the Stream checklist of items to review on the property financial statements).
Ensure property debt payments are made and lender reporting requirements are met.
Review Fund Valuations twice a year. Stream follows Fair Value Accounting for Valuations…done twice per year (middle of yr. & end of year). Fair value is determined by the cash flow of the properties in the Funds. Book unrealized gains/losses.
Follow Institutional limited Partners Association Best Practices.
Prepare Debt Compliance and submit to lender (Fund level).
Prepare Capital Calls and Distribution notices for partners.
Provide auditors requested items and various schedules for the annual audit. (In the Spring, the outside auditors' audit the valuations…audit takes 2-3 weeks).
Review Property-level tax returns to verify that numbers/dollar amounts are reasonable.
Provide tax preparers various schedules and requested items for preparation of the tax returns.
Review Fund level tax returns. (In August, our outside CPA firm prepares the Fund tax returns.)
Work with tax preparers to ensure state tax withholding requirements are met.
Your Experience, Knowledge, Skills and Abilities:
1-5 years related accounting and reporting experience
In lieu of general accounting experience, 1-5 years of tax accounting experience
Analytical and accounting skills commensurate with experience level
Solid understanding of GAAP
Excellent written and verbal communication skills
Ability to communicate and interact with internal and external partners
Intermediate competence in Microsoft Excel and Outlook
Stream Realty Partners is a full-service real estate management, investment, development, and services company headquartered in Dallas, Texas. Since its formation in 1996, Stream has grown from its two founding partners to a staff of over 850 professionals nationwide.
At Stream Realty, we realize that our success begins and ends with our people. As a result, we work hard to attract and retain the best talent in the industry. Our high-caliber professionals come together to create a distinct culture that is best summarized by our firm’s values: Smart. Honest. Nice. Passionate.