Manager Fund Accounting

Overview

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.