Fund Manager

**Position will have a flexible work arrangement but candidate needs to be based in the Chicago area. In-office is expected for technical trainings, quarterly fund meetings, and to help build out the fund accounting/reporting team!**

Who We Are

Core Spaces is a vertically integrated company focused on acquiring, developing, and managing residential properties that create a better life for everyone under our roof. From world-class amenities and progressive design to client service with a hospitality-driven approach, we create spaces where people want to be.

What We Do

Core Spaces provides living spaces and services that create a better daily life for its residents. Our projects are thoughtfully designed, customized, developed, and managed to create extraordinary lifestyle experiences as unique as their respective markets. Since our founding in 2010, Core has consistently delivered award-winning developments in top markets across the country. We currently own and/or manage 37 properties nationwide, totaling over 16,000 units, and have a pipeline of over 40,000 units in various stages of development and acquisition. For more information, check us out at:.

Benefits That Matter:

• A culture that provides you a sense of belonging
• Remote work to balance personal and professional needs
• Competitive pay that values your contributions
• Annual incentive to reward your achievements
• Paid unlimited PTO to disconnect or celebrate life milestones
• Paid 16 holidays to celebrate with those who matter most
• Paid Family Leave Plan that begins after 90 days
• No meeting weeks to concentrate on what's important
• Robust health plan options that begin within at least 30 days of your employment
• Monthly phone reimbursement
• Wellness allowance and perks, including yearly subscription to HeadSpace
• An environment that provides you a voice to share your perspectives

Position Overview

Manager role will bring fund accounting and investing reporting skill sets, and become a key player in the growth of Core Spaces +$2B AUM Build-to-Rent (BTR) platform. This individual will immerse herself/himself in fund investment financials involving multi-tiered investment structures, fund level budgeting and forecasting, and facilitate capital fundings and waterfall distributions with fund administrator and investment partners.

This role has a significant amount of upside as we add BTR funds to our AUM, and is an incredible opportunity for an accounting professional to break into private equity and be involved in the entire real estate fund life cycle.

What You Will Do:

• Coordinate fund level accounting month-end close and consolidation.
• Manage the preparation of Fund level financial statements and work papers quarterly to be deliver in a timely manner, while also ensuring accuracy and quality of the report.
• Review and analyze fund governing documents for reporting and other requirements.
• Technical accounting resource for staff regarding questions related to acquisitions/dispositions, equity versus cost method, fair value accounting, financial statement preparation.
• Pro-actively collaborate with JV partners, accounting, development, investment teams to build out best-in-class accounting and financial reporting processes.
• Help facilitate JV partner capital calls and distributions; reconcile investor capital balances as needed.
• Assist FP&A and Fund Administration with GP/LP waterfalls and capitalization tables.
• Take ownership of lenders debt compliance, LPs ILPA requirements, annual fund audits (GAAP and FV).
• Must be able to complete all physical requirements of this role with or without a reasonable accommodation.

Ideally, you'll have:

• Bachelors degree in Accounting or Finance; CPA or Masters Preferred.
• At least 5 years of public accounting or experience within real estate/private equity industry.
• Background in accounting for various types of entities including private equity funding and REITs.
• Intermediate-to-advanced in excel; demonstrated experience creating templates, trackers, financial models.
• High level of interest in working in real estate investments and at an institutional level on a daily basis.

You'll crush it if you have experience with:

• Creating/updating technical accounting policies
• NAV, IRR, DSCR calculations and modeling
• Yardi Voyager (Investment Management)

As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.