Senior Fund Accountant

Who are we?

CapRock is one of the leading industrial investors and developers in the Western United States. We specialize in acquiring middle-market value-add industrial properties, generally between $20M-$50M per acquisition and large-scale Class A logistics developments in California, Arizona, and Nevada. Since 2009, we have acquired, developed, or have in our pipeline more than 20,000,000 square feet of industrial real estate. 

What do we do?

Do you have a fun, fast-paced, creative problem-solving, get-it-done mindset of an entrepreneur?  Do you take pride in your work striving for the highest levels of quality and excellence, but don’t take yourself too seriously? If so, you'll love being on our team. Our goal as a company is to provide our investors institutional quality with an entrepreneurial spirit. That goal extends to our finance and accounting team as we strive to deliver best-in-class high-quality reporting and analysis for investors, external counterparties, regulators, and management decision-making. Our team works with all internal groups as a business partner rather than a back-office function. 

What do we value?

We take our values seriously, do these values inspire you? If so, you’ll love working here:

· PEOPLE before projects     

· Strive for EXCELLENCE

· FIDUCIARY responsibility is a sacred trust     

· INTEGRITY always

· BLESSED to be a blessing   

· Industrial real estate is a TEAM SPORT

· NO is not an answer           

Position

This position will report to the Fund Accounting Manager and support the day-to-day accounting, reporting and financial management of CapRock’s investment funds and joint ventures. In this role, the Senior Fund Accountant will partner with and oversee CapRock’s third-party fund administrator. Primary responsibilities include (but are not limited to):

Financial operations and accounting

· Review capital call and distribution calculations, as well as related investor notices.

· Review management fee calculations based on the terms of each Fund’s governing documents.

· Assist with fund treasury management, including the opening of fund bank accounts, and oversight of account transfers and external wire payments.

· Review of line of credit draws and paydown requests.

· Oversight of monthly general ledger close process, and review of related supporting reconciliations and workpapers. Ensure adherence to strict reporting deliverable deadlines.

· Navigate complex governing documents and agreements (limited partnership agreements, JV agreements, etc.) to ensure adherence to contractual requirements and appropriate accounting.

Financial Reporting

· Assist in the preparation and issuance of quarterly and annual financial statements in accordance with US GAAP for investment companies, as well as applicable fund performance reporting supplements.

· Support annual financial statement audits. Work directly with external auditors to facilitate their audit procedures.

· Assist with ad-hoc investor and lender reporting requests.

Tax Reporting

· Support Tax Manager and external tax firm during the preparation of annual tax returns and investor K-1s.

· Assist in various administrative and operational matters pertaining to fund subsidiaries structured as Real Estate Investment Trust (“REITs”), including preparation of quarterly REIT compliance testing.

Financial planning and modeling

· Preparation and maintenance of fund-level cash flow models used to forecast fund performance and assist in capital planning

· Assist with implementation of Fund expense budgeting practices and monitoring budget to actual results

What do you need to succeed?

·  Must possess a four-year college degree with a major in accounting

· A minimum of three (3) years prior accounting work experience. Public accounting experience (or experience in similar roles) preferred.

·  Prior experience with private equity funds preferred, real estate experience is a plus

·  CPA preferred, but not required

·  Experience with Yardi is a plus

· Private company/in-house experience not required (applicants directly out of public accounting are welcome)

·  General investment company (ASC 946) knowledge is a plus

·  Extreme attention to detail and ability to think critically

·  Proficient in Microsoft Office suite

·  Strong verbal and written communication skills

Terms/Expected Hours of Work

·  40 hours per week during standard business hours Monday through Friday 8:30am-5:30pm.

· CapRock values its employees and its culture. We foster team mentality by working closely and collaborating across departments. It is through our in-person workplace and culture that we can effectively collaborate and have continued success. For this reason, our expectation is for employees to work from a CapRock office five days a week, except in limited circumstances permitted by CapRock Policy.

Benefits

· Highly competitive base salary

· Yearly bonuses on the overall success of the company and additionally your individual contributions

· An Impressive, 100% employer-paid medical PPO, dental, and vision coverage for employee and eligible dependents

· 15 days PTO

· 10 paid holidays

· A fun, collaborative, and team-based environment