Accounting Manager, Debt (Hybrid)

Company Overview

Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams.

We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.

If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments.

Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.

Position Summary

The Accounting Manager, Debt will oversee debt investment accounting and ensure fund financial information is accurately captured, classified, and recorded in the form of financial statements for assigned portfolios.

Credit (Debt) Fund Strategies include: (1) purchasing Freddie Mac Capital Markets Execution B-piece debt investments that are collateralized by high-quality multifamily mortgages throughout the United States (2) pursuing directly sourced preferred equity and mezzanine loan opportunities as well as (3) originating floating-rate transitional bridge loans with the intent to get to critical mass, securitize pools of loans through Collateralized Loan Obligations ("CLO's") and retain non-investment grade bond classes.

Responsibilities include, but are not limited to:


* Oversee portfolios of debt investments, including supervision of the daily workflow of the accounting staff (including offshore team), routine and non-routine assignments and monthly financial statement close process to ensure accuracy, completeness and in accordance with set deadlines


* Preparation and review of Fund/Account closing and consolidation process for their portfolios, which includes bond accounting (including interest income, principal payments and amortization of discounts), loan accounting (including interest income, capitalized or deferred interest and principal payments), warehouse and securitization accounting (including interest expense, principal payments to bondholders and amortization of costs and discounts associated with each debt instrument)


* Assist with adherence to internal controls surrounding financial reporting disclosure and compliance, and enhance internal controls as needed.


* Begin to assist in financial statement preparation and supporting materials


* Responsible for the management of the external audit process


* Manage third party relationships with custodians, services, trustees, partners, joint venture partners, etc.


* Review debt investment budgets and forecasts


* Support portfolio management as needed in the process of compiling the internal reporting packages and ad hoc requests


* Assist in review of joint venture documents, loan agreements and waterfall calculation set...