Fund Accountant- Assistant Controller

Company overview: Raith Capital Partners LLC (Raith) is a private equity firm based in New York City. The firm invests in distressed loans, commercial mortgage backed securities (CMBS) and real estate through  several fund vehicles and separately managed accounts.  Raith is a registered investment adviser with the SEC.

• Designation: Full Time
• FLSA Status: Exempt
• Salary Range: Commensurate with experience

Primary Responsibilities:

1. Responsible for compliance with all financial aspects of Fund operations including but not limited to:
   1. Quarterly, prepare or review and approve as required and issue on a timely basis fund level GAAP financial statements.
   2. Quarterly, prepare or review and approve as required and issue on a timely basis investor capital statements.
   3. Annually, work with Big 4 or National CPA firms to conduct and issue audited fund financial statements on a timely basis.
   4. Convert from GAAP basis to Tax basis no less than annually and work with outside tax preparers to file all necessary tax returns.
   5. Work with 3^rd party fund administrators in an oversight capacity, reviewing and approving their work in order to complete items a, b, c, and d above.
   6. Work with 3^rd party vendors to perform annual and quarterly REIT testing.
   7. Work with Raith team to construct capital call and capital distribution notices. Work with Fund Administrator to ensure notices are issued timely.
   8. Ensure fund expenditures are in compliance with the Fund Operating Agreement. Review and approve as necessary or ensure each expense is reviewed and approved by the appropriate responsible party.
   9. Respond to investor inquiries and requests for information regarding any of the above statements issued as well as respond to investor audit confirmations regarding capital account activity.
   10. Review all cash activity.
   11. Ensure period accruals are accurate.
   12. Prepare quarterly asset management fee calculations.
2. Vendor invoice and cash management for all Raith Funds
   1. Preparation of weekly report scheduling invoice payments, cash needs and funds movement within the respective fund structures
   2. Vendor W9 compliance
   3. Gather, review and code vendor invoices for recording by Fund Administrators and payment by Raith
   4. Trouble shoot problem invoices
   5. Update cash tracking file and bank reconciliations.
3. Property level financial statement review and compliance
   1. Review monthly asset manager reports for
      1. Compliance with GAAP
      2. Unusual items
   2. Prepare monthly workpaper template using property manager trail balances which will be incorporated into Fund Administrators’ quarterly reporting.
   3. Responsible for working with members of Raith team to ensure compliance with reporting Lender reporting requirements at the Property level and attention to key dates (ie. Interest Rate Elections)
4. Update and maintain Raith Capital Partners Investment Track Record on a monthly basis and each time investment positions are liquidated.
5. Annually and as needed, work with Raith team to update Form ADV and Form PF schedules with the SEC.
6. Work with assistant to the Chief Compliance Officer to maintain compliance with SEC RIA (registered investment adviser) requirements.

Relevant Skill Sets and Experience:

1. CPA preferred with 5+ years of relevant experience in commercial real estate related accounting along with a strong understanding of commercial real estate valuation.
2. Strong knowledge of GAAP accounting on a fair value basis, with a good understanding of tax basis accounting.
3. This position requires a motivated self-starter who is hands on and thrives on multi-tasking and is extremely detailed oriented with good business acumen.
4. Solid experience preparing financial statements, budgets and forecasts and well as calculating investment returns. Tax experience is not necessary but is a plus.
5. Strong ability to organize, stratify and present data in a succinct and understandable manner.
6. Experience reviewing legal documents and understanding related business issues.
7. Strong verbal and written communication skills required.
8. Very Strong Excel skills required.
9. Working knowledge of Word and PowerPoint.