Interim Senior Accounting Manager

THE COMPANY:

• A privately owned investor and developer of industrial properties in the Western and Central United States.
• AUM: $3B
• Locations: CA, AZ, UT, NV TX
• Privately held
• HQ: Newport Beach – open to remote!!

THE WORK:

• Looking for an Accounting Manger or Sr. Accounting Manager with strong audit background from the BIG 4 to help with YE close, audit coordination with EY, and financial reporting.
• looking for year-end support person for our fund finance and accounting team
• The ideal candidate would have 2-5 total years of experience, with 3 years as an auditor at a big 4 firm.
• Must haves:
• BIG 4 experience
• Be willing to go onsite 3 days / week in Newport Beach (close to John Wayne airport)
• Nice to have:
• Private equity fund accounting
• Real estate investment accounting
• PE/ Fund accounting
• Find the right fit that can hit the ground running
• Fund Controllers
• Nuanced accounting:
• Fair value accounting – Real Estate “RE” assets appraised annually and quarterly
• Not working with traditional historical costs
• Assets are carried at fair value
• Hypothetical liquidation
• Waterfall models
• Quarterly financial reporting that goes to investors
• Capital calls and distributions
• Mgmt. fee application
• Operational and technical accounting
• Familiarity with PE fee structures
• Great if they have RE focus
• Quarterly closes:
• Needs more documentation – at about 70% of where they want it to be
• Caprock does use a fund administrator – helping with SOPs and documentation
• Consultant will not be on an island, they will support and work with an established team
• Team: 4 internally on fund accounting team –
• 2 Fund Controllers
• Accounting Manager
• Sr. Accountant
• Administrator – Has a whole stable of support staff
• Quarter end close
• Similar to ME close – Follow up with fund administrators
• A lot of this will be mapped up
• ID any issues
• RE background would be helpful
• What systems?
• Yardi – really nice to have

THE CONSULTANT:

• Expert at excel
• Great at communication
• Communicate with all teams succinctly
• Going through some growing pains
• Not an “institutional” environment
• Fast-paced, hands -on

THE PROCESS:

• Duration: December 2nd – April 15th
• Onsite 3 days per week in Newport Beach (close to John Wayne airport)
• Meetings with Evan (Fund Controller) and with Craig
• Budget: open

Requirements

Hourly consulting rate range is DOE $75/hr and up