CBRE, is the largest commercial real estate company in the world and is comprised of several business lines including leasing services, capital markets, valuations & advisory services, and property management; with regional and global capabilities in all major markets around the globe. Within property management, our CBRE Investment Accounting & Reporting (IA&R) group is the leader in providing investment managers with vertically integrated accounting and data solutions, from property through funds.
CBRE IA&R is the only 100% dedicated Real Estate Fund and Property accounting business supporting Global and Pan-European coordination for clients providing Fund & SPV Accounting, Investor Reporting and Performance Measurement services to real estate investment-companies, sovereign wealth funds and other institutional investors in key financial markets.
Our team of professionals offer unmatched dedication to real estate. We serve only real estate and have a history of successfully serving all real estate asset classes; including simple to complex investment structures.
We have dedicated fund and investor reporting teams in 18 countries, while also being a part of our global accounting and reporting operating platform with presence in an additional 41 countries for property accounting services to provide completely integrated services.
Within CBRE IA&R, you will be challenged to develop yourself, to extend your knowledge and skills and to further improve and professionalize various processes within the company.
Under limited supervision, responsible for the day-to-day accounting support functions for an assigned group of basic to intermediate funds.
Performs accounting and reporting including set up and accounting for complex multi-tier investment entities. Prepares monthly, quarterly and annual portfolio level consolidated financial statements and other client reporting.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Performs intensive review of monthly property level reports.
Produces fund financial statements and other required financial information including but not limited to investor funded and unfunded commitments, asset accrual methodology and output. Maintains sharehold registries. Prepares periodic financial statements and assists with audit and tax preparation and audit review.
Prepares investment and positions reconciliations and daily reconciliation of cash balances. Performs periodic asset payment, cash and corporate action reconciliations. Posts journal entries and money-movement transactions. Ensures all fund transactions are properly posted to accounting system.
Prepares and reconciles daily trial balances for assigned funds. Updates and monitors daily trading, general ledger activity and pricing of funds to ensure accuracy of daily NAV calculation. Prepares, analyzes and review periodic NAV calculations. Prepares investor capital call/distribution notices. Prepares IRR and performance reporting models. Assists with security master and reporting set-up. Performs other duties as assigned.
No formal supervisory responsibilities in this position. May provide informal assistance such as technical guidance and/or portfolio-specific training to others.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. A minimum of three years accounting experience or equivalent combination of education and experience required. Prior experience in fund level accounting preferred with real estate accounting or fund accounting software systems.
CERTIFICATES and/or LICENSES
CPA, CMA or other relevant professional certifications a plus.
Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an intermediate knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis.
Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires intermediate analytical and quantitative skills.
OTHER SKILLS and ABILITIES
Intermediate knowledge of computer software and hardware (i.e. Microsoft Office Suite Products). Ability to work in multiple accounting software applications.
SCOPE OF RESPONSIBILITY
Decisions made with general understanding of procedures and company policies to achieve set results and deadlines. Responsible for setting own project deadlines. Errors in judgment may cause short-term impact to clients, co-workers and supervisor.
Internal Number: 20026808
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.