Maintenance of fund and portfolio-level general ledgers in accordance with applicable accounting standards, including monthly close, reconciliations, and supporting schedules.
Monthly reconciliation of bank activity, capital accounts, and subledgers to the general ledger with detailed review of reconciling items.
Accounting for significant fund transactions including property acquisitions and dispositions, loan refinancings, recapitalizations, and other complex events.
Preparation and processing of monthly or quarterly cash distributions, cash flow analysis, and related reporting for investors and partners.
Maintenance of investor capital accounts, allocation of income and expenses, and preparation of quarterly investor capital account statements.
Calculation of management fees, performance fees, and fund-level expenses with direct payment to management companies or affiliated entities.
Processing and tracking of credit facility borrowings, repayments, interest accruals, and lender-related accounting entries.
Preparation and review of NAV packages including fair value adjustments, accruals, fee calculations, and supporting valuation schedules.
Preparation of monthly, quarterly, and annual fund-level financial statements with supporting schedules and workpapers.
Budget-to-actual variance analysis, year-over-year comparisons, performance reporting, and explanatory commentary.
Creation, maintenance, and review of distribution waterfall models, including carried interest calculations and impact on investor reporting.
Preparation and submission of monthly and quarterly NCREIF reports and other institutional reporting requirements.
Review of lease activity and analysis of fund-level and property-level income performance.
Coordination with auditors and tax advisors, preparation of audit workpapers, and support for year-end tax and audit requests.
