Fund Accountant
Company: Riaz Capital
Location: Oakland
Posted on: May 11, 2022
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Job Description:
Our Company Riaz Capital is an Oakland, California based fully
integrated development, investment, and asset management company,
focused on addressing the changing housing needs of the millennial
generation. Our mission is that anyone who earns area median income
can afford a place they would love to call home by building
transit-oriented high-quality apartments at an affordable price
point for our residents. Our vertically integrated development firm
has operated in the Bay Area since 1977. Today, the Riaz Capital
team manages over 1,500 units and has roughly 1,700 residences in
the development or construction process, and possesses core
competencies in development, construction, asset management,
finance & capital markets to exercise control and speed of
execution through every stage of the development cycle. In addition
to new construction development, the firm has extensive experience
in repositioning both urban and suburban workforce housing
properties, and has executed several adaptive reuse projects. Our
current activities are 70% new construction and 30% adaptive reuse
and repositioning. Today, Riaz Capital has $500 million in real
estate assets under management and with our current development
pipeline, should reach $1 billion by 2024/25. Our core new
construction design is a 300 /- square foot studio that
incorporates all of the necessary functions of a housing unit. We
have developed a design that works in a variety of building types:
Townhouses, Mid-Rise Apartments, Substantial Rehab and Adaptive
Reuse. Our current design and mission is a result of a years-long
synthesis of our experience from micro-units, student housing,
traditional multi-family, and co-living. Our units foster total
privacy and security, which provides our residents with a sense of
independence (and individuality) all within the fabric of a larger
community. Each of our projects has an emphasis on architectural
creativity, unique design, walkability, utilization of open space
and personal privacy. Fund Accountant This is an exciting
opportunity that works directly with the Controller to assist with
responsibilities related to Investment/Fund accounting operations
and works cross functionally with the investment and business
development teams. The goal of this role is to ensure smooth
backend administration and accounting of assigned funds/companies.
In addition, the individual will be involved in the preparation and
review of the annual audit reports, act as a direct liaison with
the fund managers, auditors, and other related parties. This
position requires a high level of attention to detail, an ability
to thrive in a fast-paced environment, and a commitment to meeting
deadlines. Accounting & Reporting: -- Responsible for ensuring
assigned investment fund is managed in accordance with the fund
documents including the LPA, loan documents, side letters and any
governing authorities -- Maintain general ledgers and sub-ledgers
on a cash and accrual basis reflecting property performance with an
ability to report on a fund/lender and market basis and ensure
accurate and timely delivery of financial statements and
deliverables -- Be primarily responsible for accounting portion of
Novogradac monthly compliance close, which includes updating
trackers, getting feedback from external accounting close -- Assist
Controller in Monthly, quarterly, and annual fund closing process
-- Assist Controller in the planning and creation of PBC support
schedules for annual audits and tax returns -- Provide necessary
information to Investor Relations to assist in Investor Reporting
and fund decision making Investor/Entity Compliance: Accountable
for the investor relations system accuracy to ensure it is
maintained Prepare and review investor capital calls and
distribution notices Ensure all investor
contributions/distributions are properly recorded in investment
management and accounting software Ensure that new investors are
property onboarded in investment management and accounting systems
Assist in investor communication providing contribution and
distribution status updates Responsible for fund entities
on-boarding in accounting and operational systems, including
opening bank accounts. Ensure fund entities are in compliance with
Federal/State/Opportunity Zone specific requirements Ad hoc
Reporting/Project Implementation Assistance -- Assist in
preparation of various financial ad hoc requests -- Asist in
software implementation support and testing Qualifications
Required: -- Bachelor's degree in Accounting; CPA or CPA candidate
preferred -- Minimum of 5 years of accounting experience. --
Minimum of 3 years in real estate accounting and/or property
accounting -- Intermediate to advanced knowledge of excel
Preferred: -- Detail oriented and deadline driven --- Ensure
detailed focus and ensure accuracy in job function and meet
expected deadlines -- Problem Solving- Identify problems in a
timely manner, gather and analyze information and develop
solutions, resolve problems in early stages and work well in group
problem solving situations -- Communication- Expresses ideas and
thoughts clearly both in verbal and written form. Keeps others
adequately informed and selects and uses appropriate communication
methods. Riaz Capital is an equal opportunity employer and values
diversity in the workplace. Salary: Commensurate with experience
Status: Full-time Start Date: Immediately Location: Oakland
Office
Keywords: Riaz Capital, Oakland , Fund Accountant, Accounting, Auditing , Oakland, California
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