Job Description:
Position Summary
The Fund Accountant II is a key accounting role responsible for executing daily fund accounting operations, performing monthly financial close activities, and supporting internal and external financial reporting. This position acts as a liaison between the servicing company and the fund, ensuring clear communication and consistent data accuracy. The ideal candidate has extensive experience in lending and fund accounting within a dynamic, fast-paced environment and is comfortable managing evolving financial processes and compliance standards.
Key Responsibilities
Accounting & Reporting
- Prepare monthly financial statements for FGMS, including Income Statement, Balance Sheet, and Cash Flow.
- Perform monthly accruals of interest income, interest expense, fees, and premium amortization.
- Maintain and reconcile the CECL (Current Expected Credit Losses) file monthly.
- Perform monthly reconciliations of sub-ledger and third-party loan servicing data to the general ledger.
Cash & Transaction Management
- Monitor and manage daily cash balances and approve wires and ACH disbursements.
- Reconcile FGMS bank accounts and weekly deposit transfers from the servicer.
- Record corporate debt activity (borrowings, draws, interest).
REO Accounting
- Reconcile REO (Real Estate Owned) settlement statements and record associated income, costs, and expenses.
- Prepare and maintain monthly REO reconciliation files.
Audit & Compliance
- Lead third-party and lender audit processes and prepare audit deliverables.
- Ensure compliance with company policies, internal controls, GAAP, and regulatory requirements.
Collaboration & Supervision
- Communicate closely with the Director of Investor Relations and Fund Accountant I.
- May supervise junior accountants as assigned.
Qualifications
- Education: Bachelor’s degree in Accounting, Finance, or Business Administration.
- Experience: Minimum 5 years of accounting experience, preferably with a focus in fund accounting and lending.
- Technical Skills: Advanced Excel skills required; experience with NetSuite and/or Sage Intacct preferred.
Key Competencies
- Strong attention to detail and organizational skills.
- Ability to manage multiple deadlines and adapt to changing priorities.
- Clear and professional communication skills, both written and verbal.
- High level of integrity and commitment to accuracy.
Apply Here: https://www.click2apply.net/5yxKJdfYExOX8S4qGUaqwW
PI271510453