Senior Accountant
Apply NowCompany: Greenwood Star
Location: Atlanta, GA 30349
Description:
Senior Accountant - REIT & 506(c) Fund Accounting
Location: Corporate Office - 3490 Piedmont Rd NE Ste 1425, Atlanta GA, 30305
About Us
Greenwood Star Property Management (GSPM) is a real estate investment and management firm
specializing in 506(c) private REITs and multifamily real estate assets. We manage a diverse
portfolio while ensuring GAAP-compliant accounting and REIT/SEC regulatory compliance.
We are seeking a Senior Accountant with REIT experience to join our finance team in-office.
Job Summary
The Senior Accountant - REIT & 506(c) Fund Accounting will oversee financial reporting, tax
compliance, and investor accounting for our 506(c) REIT fund and UPREIT structure.
The ideal candidate has experience in:
Private REIT accounting
Fund reconciliations
Yardi Voyager and Yardi Investment Module
SEC & tax compliance
Key Responsibilities
1. REIT Accounting & Financial Reporting
Prepare and maintain GAAP-compliant financial statements for REIT entities.
Manage monthly, quarterly, and annual close processes for multiple REIT structures.
Ensure accurate revenue recognition under ASC 842 (Leases) and ASC 606 (Revenue
Recognition).
Reconcile REIT investment activities, distributions, and capital contributions.
Prepare and review NAV calculations, asset valuations, and depreciation schedules
under ASC 360.
2. 506(c) Fund & Investor Accounting
Track capital calls, distributions, and investor equity transactions.
Prepare investor K-1s and quarterly capital statements.
Ensure compliance with 506(c) SEC reporting requirements and 100-investor rule
under IRC 856.
Assist with investor financial due diligence and reporting.
3. Tax Compliance & REIT Qualifications
Ensure compliance with REIT income and asset tests (75% Asset & 75% Income Tests
per IRC 856).
Work with tax advisors to prepare and review REIT tax returns (Form 1120-REIT) and
investor tax documents.
Support tax planning strategies to maintain REIT compliance and minimize tax liability.
4. Yardi Voyager & System Integration
Oversee property and fund accounting in Yardi Voyager 8 and VendorCaf.
Automate reporting workflows, investor distributions, and vendor payments.
Perform bank and general ledger reconciliations to ensure financial accuracy.
5. Internal Controls & Audit Support
Maintain SOX-compliant internal controls for cash management, vendor payments, and
investor distributions.
Assist with annual audits and SEC/IRS compliance reviews.
Prepare audit work papers and liaise with external auditors and tax advisors.
Qualifications & Requirements
Education & Experience
Bachelor's degree in Accounting, Finance, or related field (CPA preferred).
5+ years of accounting experience in REITs, real estate funds, or private equity.
Prior experience with 506(c) REITs, UPREIT structures, or fund accounting is a strong
plus.
Technical & Software Skills
Proficiency in GAAP, ASC 842 (Lease Accounting), and REIT tax regulations.
Experience with Yardi Voyager 8, Yardi CRM, and VendorCaf.
Strong Excel, financial modeling, and investor reporting skills.
Soft Skills & Competencies
Strong analytical, organizational, and problem-solving skills.
Ability to manage multiple deadlines in a fast-paced REIT environment.
Excellent communication skills to collaborate with investors, auditors, and finance
teams.
Why Join Us?
Competitive Salary & Bonus Structure
Health, Dental, and Vision Insurance
Growth Opportunities in a High-Growth REIT
On-Site Work Environment for Collaboration & Learning
Location: Corporate Office - 3490 Piedmont Rd NE Ste 1425, Atlanta GA, 30305
About Us
Greenwood Star Property Management (GSPM) is a real estate investment and management firm
specializing in 506(c) private REITs and multifamily real estate assets. We manage a diverse
portfolio while ensuring GAAP-compliant accounting and REIT/SEC regulatory compliance.
We are seeking a Senior Accountant with REIT experience to join our finance team in-office.
Job Summary
The Senior Accountant - REIT & 506(c) Fund Accounting will oversee financial reporting, tax
compliance, and investor accounting for our 506(c) REIT fund and UPREIT structure.
The ideal candidate has experience in:
Private REIT accounting
Fund reconciliations
Yardi Voyager and Yardi Investment Module
SEC & tax compliance
Key Responsibilities
1. REIT Accounting & Financial Reporting
Prepare and maintain GAAP-compliant financial statements for REIT entities.
Manage monthly, quarterly, and annual close processes for multiple REIT structures.
Ensure accurate revenue recognition under ASC 842 (Leases) and ASC 606 (Revenue
Recognition).
Reconcile REIT investment activities, distributions, and capital contributions.
Prepare and review NAV calculations, asset valuations, and depreciation schedules
under ASC 360.
2. 506(c) Fund & Investor Accounting
Track capital calls, distributions, and investor equity transactions.
Prepare investor K-1s and quarterly capital statements.
Ensure compliance with 506(c) SEC reporting requirements and 100-investor rule
under IRC 856.
Assist with investor financial due diligence and reporting.
3. Tax Compliance & REIT Qualifications
Ensure compliance with REIT income and asset tests (75% Asset & 75% Income Tests
per IRC 856).
Work with tax advisors to prepare and review REIT tax returns (Form 1120-REIT) and
investor tax documents.
Support tax planning strategies to maintain REIT compliance and minimize tax liability.
4. Yardi Voyager & System Integration
Oversee property and fund accounting in Yardi Voyager 8 and VendorCaf.
Automate reporting workflows, investor distributions, and vendor payments.
Perform bank and general ledger reconciliations to ensure financial accuracy.
5. Internal Controls & Audit Support
Maintain SOX-compliant internal controls for cash management, vendor payments, and
investor distributions.
Assist with annual audits and SEC/IRS compliance reviews.
Prepare audit work papers and liaise with external auditors and tax advisors.
Qualifications & Requirements
Education & Experience
Bachelor's degree in Accounting, Finance, or related field (CPA preferred).
5+ years of accounting experience in REITs, real estate funds, or private equity.
Prior experience with 506(c) REITs, UPREIT structures, or fund accounting is a strong
plus.
Technical & Software Skills
Proficiency in GAAP, ASC 842 (Lease Accounting), and REIT tax regulations.
Experience with Yardi Voyager 8, Yardi CRM, and VendorCaf.
Strong Excel, financial modeling, and investor reporting skills.
Soft Skills & Competencies
Strong analytical, organizational, and problem-solving skills.
Ability to manage multiple deadlines in a fast-paced REIT environment.
Excellent communication skills to collaborate with investors, auditors, and finance
teams.
Why Join Us?
Competitive Salary & Bonus Structure
Health, Dental, and Vision Insurance
Growth Opportunities in a High-Growth REIT
On-Site Work Environment for Collaboration & Learning