Manager Fund Accounting

SUMMARY

The Fund Accounting Manager oversees the full-cycle accounting, financial reporting, valuation support, and investor reporting processes for Rialto’s real estate credit and equity fund investment vehicles. This role manages a team of Senior Accountants and works closely with Asset Management, Investor Relations, Compliance, Tax, and the Fund Controller/Assistant Controller to ensure accurate financial reporting, timely capital activity, adherence to fund governing documents, and continuous improvement of accounting processes and controls.

• Lead, mentor, and supervise a team of Senior Accountants, overseeing daily fund accounting operations, workload allocation, and performance management.
• Oversee fund accounting related to Real Estate, Joint Venture Investments, Loan Portfolios, and Commercial Mortgage-Backed Securities (CMBS).
• Establish and manage the close calendar, ensuring timely and accurate delivery of all reporting deliverables.
• Review and approve journal entries, reconciliations, financial statements, capital activity, fee calculations, and carried interest models.
• Oversee preparation and review of capital call and distribution notices, investor allocation schedules, and related cash movement.
• Oversee investor reporting, including carried interest computations, Statements of Partners’ Capital, and all periodic investor deliverables.
• Support new fund launches, including review of governing documents, entity structuring, accounting setup, and initial capital activity.
• Collaborate with Rialto’s investor relations and compliance teams to ensure all requests fulfilled timely and accurately.
• Support the quarterly valuation process, including review of valuation inputs, assumptions, and supporting documentation for real estate, JV interests, loan portfolios, and other investments.
• Prepare ad hoc reports as requested by the Financial Reporting and Investor Relations team.
• Assist the Tax Department in gathering the data needed for yearly tax returns.
• Manage internal and external audit requests and ensure timely completion of audits.
• Conduct mid-year and year-end performance evaluations for direct reports.
• Develop and strengthen internal controls, fund accounting procedures, and workflow efficiencies, including automation opportunities.

• Bachelor’s Degree required in Finance, Accounting, or related field preferred.
• Minimum of 5-6+ years of experience in accounting required with a mix of Private Equity / Fund accounting and Public Accounting experience.
• Certified Public Accountant is required.
• Experience with Investran preferred.
• Familiarity with waterfall models/carry calculations.
• Strong understanding of partnership accounting concepts (capital commitments, allocations, contribution/distribution mechanics).
• Supervisory experience of accounting staff, including training, reviewing work, and performance management
• Experience with FIS Investran preferred.
• Advanced proficiency in Microsoft Excel (complex formulas, pivot tables, etc.)
• Excellent communication and interpersonal skills
• Teamwork oriented
• Demonstrated ability to operate independently and exercise sound judgment.
• Must be proactive in a constantly changing environment.
• Ability to meet tight deadlines during quarterly and annual reporting cycles.

While performing the duties of this job, the Associate is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop. The Associate must occasionally lift and/or move up to 25 pounds. Evening and/or weekend work may be necessary to meet deadlines. This description outlines the basic tasks and requirements for the position noted.

It is not a comprehensive listing of all job duties.

Rialto Capital is committed to the principles of Equal Employment Opportunity. Our policy is to provide equal employment opportunity to all applicants and Associates without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity or expression, national origin, age (40+), disability, veteran status, genetic information (including family medical history), or…