What are the responsibilities and job description for the Fund Director position at CBRE?
Fund Director
Job ID
95272
Posted
22-Nov-2022
Service line
Advisory Segment
Role type
Full-time
Areas of Interest
Accounting/Finance
Location(s)
Chicago - Illinois - United States of America, Los Angeles - California - United States of America, New York City - New York - United States of America
We are looking for a Fund Director for CBRE Investment Accounting & Reporting Solutions ("CBRE IA&R"), where you will work in a daring and growing environment.
Essential duties and responsibilities:
Financial Statement & Budgets:
Reviews fund financial statements and provides strategic insights, analysis, and comments. Reviews the work of senior fund controllers or directors. Handles portfolio budgets, forecasts, and reports for clients/investors.
Monitors Financial Performance:
Reviews financial performance (i.e. profitability) and provides a forward-looking view and strategic advice to the management team. May compile and analyze detailed data where required. Serves as a liaison between the different parties and strategically builds relationships with key partners.
Treasury Function:
Manages the treasury/cash management function for the client.
New Business Participation & Structuring:
Develops responses to RFPs, attending and participat in sales pitches to present accounting solutions in pursuit of new fund-level business. May prepare and deliver financial presentations to the client's senior management. Handles capital request and budgeting progress, reviewing new contracts and business opportunities. Handles financial transactions related to new business proposals. May oversee multiple deals of varying sophistication. Oversees fund structuring (setting-up/maintaining), joint venture structuring, and underlying inquiries, subscriptions, and redemptions terms and conditions.
Customer Service:
Troubleshoots advanced issues and ensures requests are handled timely, accurately, and with a client service centered approach. Creates a positive customer experience by opening and maintaining constructive and reliable lines of communication. Reviews items being handled by junior team members.
Transitions:
Collaborate internally in handling special requirements as defined in the Management Agreement and scope of services in the Financial Services Agreement.
Special Projects:
Works with other internal teams in leading special requirements or projects. Researches and remains current with changing business climate and applicable state and federal regulations related to fund accounting practices.
Other Duties:
Performs other duties as assigned
Supervisory Responsibilities:
Leads the planning, organization, and controls for a large group of accounting professionals within the fund accounting client servicing team. May be responsible for a mix of direct and matrix reports. Effectively recommends same for direct reports to next level management for review and approval. Monitors appropriate staffing levels and reports on utilization and deployment of human resources within own area. Leads and supports staff in areas of staffing, selection, training, development, coaching, mentoring, measuring, appraising, and rewarding performance and retention.
Job requirements
- Bachelor/Master degree in accounting, finance, or related field equivalent;
- Minimum of 5 years of accounting experience or equivalent combination of education and experience required;
- Prior experience in fund accounting preferred, with real estate accounting or fund accounting software systems such as Yardi.
- Requires knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including proven knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis.
- Experience with Non Traded REITs, Public REITs, and/or open ended funds preferred.
- Confirmed economics, mathematics, and analytical skills, including the ability to apply them in the pursuit of diverse situations.
- Confident understanding of real estate terms, definitions, and real estate analytical methodology.
- Knowledge of Company financial systems as well as additional information sources.
- Intermediate comprehension of computer software and hardware (i.e., Microsoft Office Suite Products).
- Ability to work in multiple accounting software applications, with Yardi platform experience strongly preferred.
- Strong coordinative skills and well-developed judgment.
- Fluent in English, both verbal and written.
- Ability to build and maintain strong working relationships with colleagues from different countries and cultures.
CBRE Investment Accounting & Reporting Solutions
CBRE, is the largest commercial real estate company in the world and is comprised of several business lines including leasing services, capital markets, valuations & advisory services, and property management; with regional and global capabilities in all major markets around the globe. Within property management, our CBRE Investment Accounting & Reporting (IA&R) group is the leader in providing investment managers with vertically integrated accounting and data solutions, from property through funds.
CBRE IA&R provides is the only 100% dedicated Real Estate Fund and Property accounting business supporting Global and Pan-European coordination for clients providing Fund & SPV Accounting, Investor Reporting, and Performance Measurement services to real estate investment companies, sovereign wealth funds, and other institutional investors in key financial markets.
Our team of professionals offers unmatched dedication to real estate. We serve only real estate and have a history of effectively serving all real estate asset classes; including simple to sophisticated investment structures.
We have dedicated fund and investor reporting teams in 18 countries, while also being a part of our global accounting and reporting operating platform with a presence in an additional 41 countries for property accounting services to provide completely integrated services.
Within CBRE IA&R, you will be challenged to develop yourself, extend your knowledge and skills, and further improve and professionalize various processes within the company.
*New York City Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for this position is $170,000 annually and the maximum salary for this position is $200,000 annually. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE's applicable benefit program.
*California Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for this position is $170,000 annually and the maximum salary for this position is $200,000 annually. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE's applicable benefit program.
CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law. We also provide reasonable accommodations, as needed, throughout the job application process. If you have a disability that inhibits your ability to apply for a position through our online application process, you may contact us via email at recruitingaccommodations@cbre.com or via telephone at 1 866 225 3099 (U.S.) and 1 866 388 4346 (Canada).
NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.
CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)
Job ID
95272
Posted
22-Nov-2022
Service line
Advisory Segment
Role type
Full-time
Areas of Interest
Accounting/Finance
Location(s)
Chicago - Illinois - United States of America, Los Angeles - California - United States of America, New York City - New York - United States of America
We are looking for a Fund Director for CBRE Investment Accounting & Reporting Solutions ("CBRE IA&R"), where you will work in a daring and growing environment.
Essential duties and responsibilities:
Financial Statement & Budgets:
Reviews fund financial statements and provides strategic insights, analysis, and comments. Reviews the work of senior fund controllers or directors. Handles portfolio budgets, forecasts, and reports for clients/investors.
Monitors Financial Performance:
Reviews financial performance (i.e. profitability) and provides a forward-looking view and strategic advice to the management team. May compile and analyze detailed data where required. Serves as a liaison between the different parties and strategically builds relationships with key partners.
Treasury Function:
Manages the treasury/cash management function for the client.
New Business Participation & Structuring:
Develops responses to RFPs, attending and participat in sales pitches to present accounting solutions in pursuit of new fund-level business. May prepare and deliver financial presentations to the client's senior management. Handles capital request and budgeting progress, reviewing new contracts and business opportunities. Handles financial transactions related to new business proposals. May oversee multiple deals of varying sophistication. Oversees fund structuring (setting-up/maintaining), joint venture structuring, and underlying inquiries, subscriptions, and redemptions terms and conditions.
Customer Service:
Troubleshoots advanced issues and ensures requests are handled timely, accurately, and with a client service centered approach. Creates a positive customer experience by opening and maintaining constructive and reliable lines of communication. Reviews items being handled by junior team members.
Transitions:
Collaborate internally in handling special requirements as defined in the Management Agreement and scope of services in the Financial Services Agreement.
Special Projects:
Works with other internal teams in leading special requirements or projects. Researches and remains current with changing business climate and applicable state and federal regulations related to fund accounting practices.
Other Duties:
Performs other duties as assigned
Supervisory Responsibilities:
Leads the planning, organization, and controls for a large group of accounting professionals within the fund accounting client servicing team. May be responsible for a mix of direct and matrix reports. Effectively recommends same for direct reports to next level management for review and approval. Monitors appropriate staffing levels and reports on utilization and deployment of human resources within own area. Leads and supports staff in areas of staffing, selection, training, development, coaching, mentoring, measuring, appraising, and rewarding performance and retention.
Job requirements
- Bachelor/Master degree in accounting, finance, or related field equivalent;
- Minimum of 5 years of accounting experience or equivalent combination of education and experience required;
- Prior experience in fund accounting preferred, with real estate accounting or fund accounting software systems such as Yardi.
- Requires knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including proven knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis.
- Experience with Non Traded REITs, Public REITs, and/or open ended funds preferred.
- Confirmed economics, mathematics, and analytical skills, including the ability to apply them in the pursuit of diverse situations.
- Confident understanding of real estate terms, definitions, and real estate analytical methodology.
- Knowledge of Company financial systems as well as additional information sources.
- Intermediate comprehension of computer software and hardware (i.e., Microsoft Office Suite Products).
- Ability to work in multiple accounting software applications, with Yardi platform experience strongly preferred.
- Strong coordinative skills and well-developed judgment.
- Fluent in English, both verbal and written.
- Ability to build and maintain strong working relationships with colleagues from different countries and cultures.
CBRE Investment Accounting & Reporting Solutions
CBRE, is the largest commercial real estate company in the world and is comprised of several business lines including leasing services, capital markets, valuations & advisory services, and property management; with regional and global capabilities in all major markets around the globe. Within property management, our CBRE Investment Accounting & Reporting (IA&R) group is the leader in providing investment managers with vertically integrated accounting and data solutions, from property through funds.
CBRE IA&R provides is the only 100% dedicated Real Estate Fund and Property accounting business supporting Global and Pan-European coordination for clients providing Fund & SPV Accounting, Investor Reporting, and Performance Measurement services to real estate investment companies, sovereign wealth funds, and other institutional investors in key financial markets.
Our team of professionals offers unmatched dedication to real estate. We serve only real estate and have a history of effectively serving all real estate asset classes; including simple to sophisticated investment structures.
We have dedicated fund and investor reporting teams in 18 countries, while also being a part of our global accounting and reporting operating platform with a presence in an additional 41 countries for property accounting services to provide completely integrated services.
Within CBRE IA&R, you will be challenged to develop yourself, extend your knowledge and skills, and further improve and professionalize various processes within the company.
*New York City Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for this position is $170,000 annually and the maximum salary for this position is $200,000 annually. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE's applicable benefit program.
*California Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for this position is $170,000 annually and the maximum salary for this position is $200,000 annually. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE's applicable benefit program.
CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law. We also provide reasonable accommodations, as needed, throughout the job application process. If you have a disability that inhibits your ability to apply for a position through our online application process, you may contact us via email at recruitingaccommodations@cbre.com or via telephone at 1 866 225 3099 (U.S.) and 1 866 388 4346 (Canada).
NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.
CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)
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