Senior Accountant, Fund

Colony Capital - Los Angeles, CA (30+ days ago)3.4

Colony Capital, Inc. (NYSE: CLNY) is a leading global investment management firm that manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded real estate investment trusts and registered investment companies. Colony Capital is headquartered in Los Angeles with over 400 employees in offices located across 19 cities in ten countries.

The Senior Fund Accountant is responsible for the general day-to-day maintenance of partnerships and investments assigned including quarterly financial statements, capitals and distributions, fee calculations, fair value analysis, cash projections, monitoring of agreements and reporting, maintaining credit facility, basis relief entries, monthly accruals, repetitive payments. The incumbent will play an important part in designing and implementing ongoing procedural changes and automation initiatives, in a fast paced environment characterized by strict adherence to tight deadlines and dedication to quality control in all aspects of the process.

Fund Accounting

Read and understand Partnership Agreements
Prepare capital calls and distributions
Maintain capital commitment report
Manage monthly expense accruals and payments
Calculate management fees
Foreign currency transactions
Quarterly financial statements
Consolidation/Elimination entries
Quarterly investor reporting
Manage any necessary audits or reviews
Cash Management

Review daily cash balance report
Maintain cash projections
Read and understand credit facility
Manage line of credit borrowings and pay downs
Maintain interest accruals and amortization of fees related to credit facility
Process deal funding
Calculate capital calls and distributions
Investment Responsibilities

Understand deal structure
Read and understand all related agreements/documentation relating to the investment
Periodic review of investment performance and Company’s intent against underwriting
Investment’s capitalization
Track 3rd party debt
Bachelor’s Degree in Accounting or related
4-6 years of public and/or fund accounting
CPA preferred
Self-starter with the ability to multi-task
Strong interpersonal skills and the ability to communicate with all levels of management
Ability to delegate work to staff accountants and supervise a team
Proficient with MS Word and Excel
Experience with financial Reporting systems (Business Objects) and tools highly desirable
YARDI experience required
Experience approving staff journal entries
Experience coding for A/P department