Fund Accountant

Our Company

Riaz Capital is an Oakland, California based fully integrated development, investment, and asset management company, focused on addressing the changing housing needs of the millennial generation. Our mission is that anyone who earns a median income can afford a place they would love to call home by building transit-oriented high-quality apartments at an affordable price point for our residents.

Our vertically integrated development firm has operated in the Bay Area since 1977. Today, the Riaz Capital team manages over 1,500 units and has roughly 1,700 residences in the development or construction process, and possesses core competencies in development, construction, asset management, finance & capital markets to exercise control and speed of execution through every stage of the development cycle. In addition to new construction development, the firm has extensive experience in repositioning both urban and suburban workforce housing properties, and has executed several adaptive reuse projects. Our current activities are ~70% new construction and ~30% adaptive reuse and repositioning. Today, Riaz Capital has ~$500 million in real estate assets under management and with our current development pipeline, should reach $1 billion by 2024/25.

Our core new construction design is a 300 +/- square foot studio that incorporates all the necessary functions of a housing unit. We have developed a design that works in a variety of building types: Townhouses, Mid-Rise Apartments, Substantial Rehab and Adaptive Reuse. Our current design and mission are a result of a years-long synthesis of our experience from micro-units, student housing, traditional multi-family, and co-living. Our units foster total privacy and security, which provides our residents with a sense of independence (and individuality) all within the fabric of a larger community. Each of our projects has an emphasis on architectural creativity, unique design, walkability, utilization of open space and personal privacy. 

Fund Accountant

This is an exciting opportunity that works directly with the Controller to assist with responsibilities related to Investment/Fund accounting operations and works cross functionally with the investment and business development teams.  The goal of this role is to ensure smooth backend administration and accounting of assigned funds/companies.  In addition, the individual will be involved in the preparation and review of the annual audit reports, act as a direct liaison with the fund managers, auditors, and other related parties. This position requires a high level of attention to detail, an ability to thrive in a fast-paced environment, and a commitment to meeting deadlines.

Accounting & Reporting:

• Responsible for ensuring assigned investment fund is managed in accordance with the fund documents including the LPA, loan documents, side letters and any governing authorities
• Maintain general ledgers and sub-ledgers on a cash and accrual basis reflecting property performance with an ability to report on a fund/lender and market basis and ensure accurate and timely delivery of financial statements and deliverables
• Be primarily responsible for accounting portion of Novogradac monthly compliance close, which includes updating trackers, getting feedback from external accounting close
• Assist Controller in Monthly, quarterly, and annual fund closing process
• Assist Controller in the planning and creation of PBC support schedules for annual audits and tax returns
• Provide necessary information to Investor Relations to assist in Investor Reporting and fund decision making

Investor/Entity Compliance:

• Accountable for the investor relations system accuracy to ensure it is maintained
• Prepare and review investor capital calls and distribution notices
• Ensure all investor contributions/distributions are properly recorded in investment management and accounting software
• Ensure that new investors are property onboarded in investment management and accounting systems
• Assist in investor communication providing contribution and distribution status updates
• Responsible for fund entities on-boarding in accounting and operational systems, including opening bank accounts.
• Ensure fund entities are in compliance with Federal/State/Opportunity Zone specific requirements

Ad hoc Reporting/Project Implementation Assistance

• Assist in preparation of various financial ad hoc requests
• Assist in software implementation support and testing

Qualifications

Required:

• Bachelor's degree in Accounting; CPA or CPA candidate preferred
• Minimum of 5 years of accounting experience.
• Minimum of 3+ years in real estate accounting and/or property accounting
• Intermediate to advanced knowledge of excel 

Preferred:

• Detail oriented and deadline driven – Ensure detailed focus and ensure accuracy in job function and meet expected deadlines
• Problem Solving- Identify problems in a timely manner, gather and analyze information and develop solutions, resolve problems in early stages and work well in group problem solving situations
• Communication- Expresses ideas and thoughts clearly both in verbal and written form. Keeps others adequately informed and selects and uses appropriate communication methods.