AVP - Fund Management (Remote)

Overview

This role involves managing financial modeling, analytics, and due diligence for MultiFunds, Club Funds, and Proprietary Fund transactions, as well as overseeing post-close management and reporting through property stabilization. The position supports fund management activities including financial statement preparation, audit coordination, investor due diligence, and tax-related matters.

Responsibilities

• Manage quarterly Fund financial statements and assist with monthly Corporate financial statements, maintaining related workbooks and schedules.
• Handle cash and GAAP journal entries, including accruals, and process wires, ACHs, and check runs.
• Coordinate Fund audits, tax returns, and K-1 preparations; support Corporate audit and tax return processes as needed.
• Create and maintain financial models; assist with financial planning and analysis.
• Collaborate with internal teams on accounting and tax-related issues.
• Review Fund and Partnership operating agreements; record transactions and monitor capital contributions and distributions.
• Manage investor due diligence workflow and Upper Tier closings.
• Prepare qualitative risk assessments and quantitative valuations for internal discussions.
• Maintain and update master templates for Lower Tier and Upper Tier modeling alongside senior management.
• Support Acquisitions and Underwriting with tax expertise, model training, and transaction-specific model modifications.
• Train and review junior staff work, providing guidance and oversight.
• Manage investor capital calls based on Fund cash balances and updated equity schedules.
• Analyze investor tax-basis and 704(b) basis capital account projections through the LIHTC compliance period, identifying risks to investor IRR and recommending actions.
• Perform quarterly and annual updates to pre-stabilized Fund models based on actual tax returns; review tax returns for pre-stabilized Funds and update investor benefit schedules.
• Manage quarterly reporting obligations and conduct annual analyses of Fund reserves and sustainability.
• Calculate annual Fund cash waterfalls; process upper-tier asset management fees and overhead reimbursements.
• Model complex transactions including multi/club structures, bridge lending, and special allocations.
• Coordinate Lower Tier tax return preparation memos and ensure compliance.
• Plan, host, and record Lower Tier model training sessions.
• Conduct annual review and revision of Upper Tier Policies and Procedures.
• Provide weekly updates to senior management.

Requirements

• Experience in fund/partnership accounting and tax preparation; LIHTC experience is highly desirable.
• CPA designation preferred.
• Strong quantitative and analytical skills with proficiency in financial modeling and Microsoft Office.
• High attention to detail and accuracy in managing complex financial data.
• Excellent written and verbal communication skills.
• Master's degree preferred.
• Minimum of 5 years of experience in a similar role.

Compensation & Benefits

• Paid volunteer hours and donation matching programs.
• Employee Resource Groups for professional growth.
• Fertility and family planning services.
• Up to 12 weeks of fully paid parental leave.
• Mental health care including free counseling sessions.
• Tuition reimbursement for continuing education.
• Pet insurance discounts.
• Additional benefits available.

Location

Details regarding the work location are not specified in the job description.