What are the responsibilities and job description for the Fund Accountant position at Next Step Recruitment?
A Chicago-based real estate investment firm, backed by institutional capital and operating across both single-family rental (SFR) and multifamily portfolios, is seeking a Fund Accountant to join its growing finance team. The firm combines entrepreneurial energy with disciplined, data-driven execution and is currently expanding its fund platform and accounting infrastructure.
The Opportunity
The Fund Accountant will oversee the day-to-day accounting, reporting, and analysis for the firm’s real estate investment funds — with a focus on SFR assets. This role ensures accuracy and integrity at the fund level, turning property-level activity into investor-ready financial statements. It’s a hands-on, technical position ideal for someone who enjoys both precision and process improvement.
Key Responsibilities
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Prepare monthly, quarterly, and annual financial statements for investment funds.
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Calculate and reconcile Net Asset Value (NAV) and investor capital balances.
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Record journal entries, accruals, and allocations of fund income and expenses.
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Reconcile cash, intercompany, and investment balances.
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Prepare investor capital statements and support quarterly investor reporting.
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Collaborate with Investments on valuation inputs and performance analysis.
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Review and reconcile data flows between Yardi and internal systems (Excel-based).
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Support annual audits — prepare workpapers and liaise with auditors.
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Participate in process automation, data integrity, and system improvement initiatives.
What This Role Is Not
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Not responsible for property-level accounting (AP, AR, rent rolls, etc.).
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Not an investor relations or fundraising role — supports these teams through data.
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Not a management role — this is an individual contributor position.
Skills & Experience
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2–5 years of experience in fund or real estate accounting.
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Real estate fund background preferred (SFR or multifamily).
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Experience from fund administration (SS&C, Alter Domus, JTC), public accounting (real estate/fund audit clients), or in-house fund accounting.
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Strong understanding of GAAP and experience preparing audited financials.
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Advanced Excel skills (lookups, pivots, reconciliations).
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Familiarity with Yardi or RealPage is a plus.
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Comfortable working across multiple entities and large datasets.
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Clear, concise communicator who can partner with non-accounting teams.