VP Fund Accounting
Apply NowCompany: Peachtree Hotel Group
Location: Atlanta, GA 30349
Description:
Peachtree Group is a vertically integrated investment firm driving growth with a diverse portfolio of commercial real estate assets and other ventures. Peachtree Group operates, develops, and invests in premium-branded, select and limited-service and extended-stay hotel assets under the Marriott, Starwood, Hilton, Hyatt, Choice, and InterContinental Hotels Group flags. Since its inception, Peachtree has acquired, developed, or originated more than $6 billion of hotel properties and first mortgage notes.
INTRODUCTION
The VP, Fund Accounting will provide strategic leadership and oversight of fund-level accounting services, ensuring accuracy, compliance, and efficiency within the department. This role is responsible for managing financial performance, reviewing fund financial statements, and driving process improvements. The ideal candidate will have deep expertise in private equity and real estate fund services, with extensive experience in fund accounting, financial statement preparation, and capital activity management. Additionally, this position involves mentoring and developing a high-performing team, leading department-level initiatives, and collaborating with cross-functional teams to enhance operational effectiveness. Strong technical knowledge, leadership abilities, and a comprehensive understanding of regulatory requirements are essential for success in this role.
ROLE AND RESPONSIBILITIES
1. Provide strategic leadership and overall management of the Fund Accounting department, ensuring
high-quality fund-level accounting services.
2. Oversee financial performance through budgeting, analysis, and interpretation of business trends.
3. Review fund financial statements, offering strategic insights, analysis, and recommendations.
4. Develop and implement new policies, enhance internal controls, streamline workflows, and drive system improvements.
5. Identify opportunities to enhance department efficiency and operational effectiveness.
6. Manage team performance, including conducting reviews, setting goals, and providing career
development and mentorship.
7. Coordinate team deliverables to ensure deadlines are met efficiently.
8. Oversee a portfolio of funds, including:
QUALIFICATIONS
Peachtree Group provides a comprehensive benefits package, including medical, dental, vision, disability, and life insurance. We also offer a generous 401(k) retirement match. To support work-life balance, we provide Paid Holidays and Paid Time Off. Additional perks include access to our Employee Assistance Program and Fund.
INTRODUCTION
The VP, Fund Accounting will provide strategic leadership and oversight of fund-level accounting services, ensuring accuracy, compliance, and efficiency within the department. This role is responsible for managing financial performance, reviewing fund financial statements, and driving process improvements. The ideal candidate will have deep expertise in private equity and real estate fund services, with extensive experience in fund accounting, financial statement preparation, and capital activity management. Additionally, this position involves mentoring and developing a high-performing team, leading department-level initiatives, and collaborating with cross-functional teams to enhance operational effectiveness. Strong technical knowledge, leadership abilities, and a comprehensive understanding of regulatory requirements are essential for success in this role.
ROLE AND RESPONSIBILITIES
1. Provide strategic leadership and overall management of the Fund Accounting department, ensuring
high-quality fund-level accounting services.
2. Oversee financial performance through budgeting, analysis, and interpretation of business trends.
3. Review fund financial statements, offering strategic insights, analysis, and recommendations.
4. Develop and implement new policies, enhance internal controls, streamline workflows, and drive system improvements.
5. Identify opportunities to enhance department efficiency and operational effectiveness.
6. Manage team performance, including conducting reviews, setting goals, and providing career
development and mentorship.
7. Coordinate team deliverables to ensure deadlines are met efficiently.
8. Oversee a portfolio of funds, including:
- Reviewing accounting entries from the Fund Administrator's systems.
- Analyzing investment partnership reports and capital account activity.
- Reviewing quarterly unaudited and annual audited financial statements in compliance with US GAAP.
- Coordinating annual audits with external CPA firms.
- Assessing partner allocations and capital account statements.
- Reviewing management fees, distribution waterfalls, and carried interest calculations.
- Overseeing the preparation and distribution of investor capital call and distribution notices.
QUALIFICATIONS
- Extensive expertise in fund accounting, financial statement preparation, waterfall modeling, and capital activity reviews
- 10+ years of experience in a professional services firm or fund administration environment, with a strong background in private equity and real estate fund services.
- CPA preferred.
- Bachelor's degree in accounting with 15+ years of professional accounting experience, including 5+ years in a management or leadership role. In-depth knowledge of accounting principles, investor reporting, and regulatory requirements across North America.
- Proven ability to lead and mentor teams, fostering engagement and professional development.
- Strong communication skills, with the ability to deliver compelling presentations and confidently address client inquiries.
- Solid understanding of the legal and regulatory frameworks governing private funds for both current and prospective clients.
Peachtree Group provides a comprehensive benefits package, including medical, dental, vision, disability, and life insurance. We also offer a generous 401(k) retirement match. To support work-life balance, we provide Paid Holidays and Paid Time Off. Additional perks include access to our Employee Assistance Program and Fund.