Sr Manager, Debt Accounting

Boston Headquartersfull timeOn Site

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senior

$120k–$140k

H1B: no

Berkshiregroupllc The Sr Manager, Debt Accounting oversees debt investment accounting and ensures accurate financial statement preparation for assigned portfolios. This role manages daily accounting workflows, external audits, and third-party relationships related to debt funds.

Responsibilities

Oversee portfolios of debt investments, including supervision of the daily workflow of the accounting staff (including offshore team), routine and non-routine assignments and monthly financial statement close process to ensure accuracy, completeness and in accordance with set deadlines
Preparation and review of Fund/Account closing and consolidation process for their portfolios, which includes bond accounting (including interest income, principal payments and amortization of discounts), loan accounting (including interest income, capitalized or deferred interest and principal payments), warehouse and securitization accounting (including interest expense, principal payments to bondholders and amortization of costs and discounts associated with each debt instrument)
Assist with adherence to internal controls surrounding financial reporting disclosure and compliance, and enhance internal controls as needed.
Begin to assist in financial statement preparation and supporting materials
Responsible for the management of the external audit process
Manage third party relationships with custodians, services, trustees, partners, joint venture partners, etc.
Review debt investment budgets and forecasts
Support portfolio management as needed in the process of compiling the internal reporting packages and ad hoc requests
Assist in review of joint venture documents, loan agreements and waterfall calculation set up and maintenance
Assist in the preparation of quarterly, annual and ad hoc investor requests
Perform REIT qualification testing on a quarterly basis
Preparation of related party and joint venture partner activity reconciliations and related payments of intercompany balances and distributions

Qualification

Budgeting and forecastingREIT tax complianceAptitude for organizingTenacity

Required

Full disclosure financial statement preparation, including footnotes
Budgeting and forecasting
Multifamily real estate accounting/management
REIT tax compliance
Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications
Ability to communicate with and manage up to senior management
Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
Demonstrate emotional intelligence in high pressure and sensitive situations
Tenacity, patience, and perseverance to work with business deals from beginning to end of process
Maintain confidentiality of sensitive information and communications of information
Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities