Senior Fund Accountant

Position Description: We are seeking an experienced and detail-oriented Senior Fund Accountant to lead financial reporting and fund operations across multiple real estate investment funds. This individual will play a key role in financial statement preparation, consolidations, investor reporting, and coordinating with fund administrators while serving as a trusted point of contact for investors, lenders and auditors.

Essential Job Functions: Waterfalls & Capital Activity

Prepare and review multi-tiered waterfall calculations against fund governing documents. Oversee fund administrator preparation of capital call and distribution calculations and notices. Reconcile capital activity calculations to investor notices and investor portal CRM. Monitor and review property draw/distribution activity templates and wire preparations.

Quarter-End Close & Financial Reporting

Aggregate property-level financials and transaction support for fund administrator to produce quarterly books and records. Review P&L allocations to ensure accuracy of fair value adjustments, investment activity, and capital movements. Perform consolidation of multiple entities across complex ownership structures. Lead preparation and review of face financial statements and footnote disclosures, including financial highlights. Ensure accuracy of financial highlights including IRRs and expense ratios. Coordinate with external auditors for interim and year-end testing.

Lender Compliance & Reporting

Compile financial statement support for borrower and guarantor reporting. Prepare compliance certificates and calculate covenant tests (e.g., DSCR, liquidity, net worth). Serve as a primary contact for lender inquiries. Maintain loan covenant log and real estate schedule to track debt and equity capitalization for Foundry’s commercial real estate portfolio.

Investor Reporting

Act as primary contact with investors on accounting and performance-related matters. Ensure timely and accurate recording of subscriptions and transfers in accordance with transaction agreements. Provide financial accounting information to Foundry Investment Management team to support preparation of quarterly investor materials. Review quarterly investor materials for internal consistency and accuracy.

Accounts Payable & Expense Management

Oversee funds accounts payable process in Bill.com and review expense coding for JSQ-administered entities. Ensure prompt payment of vendor invoices. Maintain entity-level expense forecasts to ensure timely payments and liquidity.

Education & Skills Required:

Bachelor’s degree in Accounting, Finance, or related field. CPA license preferred. 5+ years of experience in fund accounting, preferably in real estate, private credit, or private equity. Experience with financial reporting, accounting consolidations, and waterfall models. Knowledge of differences between open end and close end fund structures. Experience with Yardi, Bill.com, and working fund administrators preferred. High attention to detail and accuracy. Focus on understanding and improving existing processes through structure/technology implementation, and intuition for practical applications of AI tools. Strong organizational skills, with ability to manage multiple priorities and meet deadlines. Proficiency in Excel and financial reporting tools.