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Manager – Investment Accounting

Accounting | Columbia, SC | Full Time

Job Description

About Us:

Asana Partners is a high-performance real estate investment company that creates value through acquisition, enhancement, and operation of distinctive mixed-use and retail properties in dynamic urban markets throughout the United States. We manage a multi-fund private equity platform to generate attractive returns for our roster of leading institutional investors. We recruit highly collaborative professionals with a passion for quality and doing business the right way. We value integrity, independent thought, proven experience, and a bias toward action. Our commitment to a balanced investment approach requires a team with vision, discipline, and focus. We seek to find a team member for this position who will not only overachieve on the stated responsibilities but will fully engage with the entire Asana Partners team. Asana Partners knows that its most important asset is its people and we endeavor to create an exciting and fulfilling work experience that helps our team members develop a highly accomplished skill set and progress along an accelerated career path. 

For additional information about Asana Partners, visit www.asanapartners.com.  

Responsibilities:

The Manager – Investment Accounting is a high-profile position on our team that reports to the Director – Investment Accounting and works closely with the Chief Financial Officer, Managing Director – Asset Management, Treasury Manager, and Director – Corporate Accounting. This position is responsible for managing a growing department of individuals and third-party resources that provides all aspects of property and investment accounting for Asana Partners’ investments, including the monthly, quarterly, and annual close process, property level financial statement analysis as well as budgeting, reforecasting, and business intelligence. This position will assist in the preparation of the internal and external financial reporting, including each fund’s quarterly report and annual audited financial statements. Duties include:

  • Supervise, manage, and direct day-to-day activities of property and investment accounting and staff, including recurring journal entries, balance sheet reconciliations, variance reports and internal/external financial reporting 
  • Oversee and ensure timely and accurate monthly close of the property general ledgers and creation of property level financial statements 
  • Review budget to actual explanations by line item for all properties and determine the key drivers of budget to actual property Net Operating Income variances 
  • Partner with the Director – Investment Accounting and the Managing Director – Asset Management on the budgeting and reforecasting process for all properties 
  • Partner with the Asset Management team to review accounts receivable detail along with the operations teams to determine the required bad debt reserves and to ensure all income is billed in accordance with lease terms, including review of monthly accruals and annual reconciliations of recovery items 
  • Partner with various property operations groups to identify value creation opportunities at the property level that will drive efficiencies into the leasing and property valuation process and increase cash flow through sales reporting, percentage rent, and expense recoveries 
  • Play a key role in the Company’s financial reporting process including the preparation of the fund-level quarterly reports and annual audited financial statements 
  • Provide sound advice relative to potential financial implications of proposed transactions, acquisitions, and dispositions and interact with all levels within the Company to ensure proper recording of financial transactions 
  • Manage departmental projects that deploy updated processes and technology to create efficiencies and automate manual tasks 
  • Assist with special projects or tasks to support the overall Company’s goals 
  • Maintain and document policies and procedures around financial reporting, internal controls, and accounting system infrastructure 

Requirements:

  • 6+ years of relevant experience 
  • Bachelor’s degree in accounting, finance, business, or a finance related field; MACC or CPA or equivalent preferred
  • Strong supervisory skills with the ability to manage, motivate, mentor, and train employees 
  • Strong technical accounting skills with an understanding of GAAP (fair value accounting preferred) 
  • Experience in commercial real estate including retail or mixed-use properties is highly preferred 
  • Excellence in Excel, Word, and PowerPoint 
  • Working knowledge of Yardi and Argus Enterprise is preferred 
  • Strong work ethic, self-motivated, and capable of effective independent judgment 
  • Acute attention to detail and passion for quality 
  • Strong organizational and process skills to manage multiple competing priorities 
  • Ability to meet and manage critical deadlines and to work independently 
  • Interested in process improvement and documentation
  • Limited regional travel

Location:

Preferred:  Based in Columbia, SC with one workday every other week in Charlotte, NC 

Alternate:  Based in Charlotte, NC with one workday every week in Columbia, SC

Asana Partners is an equal opportunity employer.