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Director of Asset Accounting

Location : Remote
Job Type : Direct
Compensation : 200000.00 USD/YEAR
Hours : Full Time
Required Years of Experience : 7
Required Education : BS, BA or MBA
Travel : No
Relocation : No

Job Description :

Very successful Real Estate/Private Equity firm is seeking a Director of Asset Accounting (Infrastructure).  This role will be responsible for the overall quality of the accounting and reporting of the entire portfolio of infrastructure assets held within the infrastructure funds, including oversight of the infrastructure asset accounting team. The Director will assist their staff as needed with respect to technical issues, problem solving and training and liaise with the fund accounting team.


    • Understand complex legal asset structures, including tax equity partnership flip structures and ensure operations in accordance with the respective agreements

    • Oversee individual asset level financial audits, coordinate with external auditors, including audit testing and preparation of the annual audited financial statements

    • Review and assist as necessary with the preparation of the asset reporting packages to meet investor/fund/lender requirements on monthly, quarterly, and annual basis

    • Responsible for technical accounting compliance, including consultation with external auditors on complex accounting and tax issues, as necessary

    • Assist with the preparation and review of loan documentation for asset level financing and refinancing

    • Prepare/review waterfalls and distributions for asset level entities

    • Onboard newly acquired assets for setting up of financial reporting

    • Coordinate and interact with the Investments team with respect to accounting and reporting issues for new and ongoing investments

    • Coordinate financial reporting and accounting with multiple joint venture partners with varying levels of expertise

    • Assist with the investment level IRR model, at a minimum on a quarterly basis

    • Establish and support standard practices and procedures for all record keeping and reporting to ensure compliance with internal and GAAP standards

    • Review of and input to annual asset level budgets and forecasts

    • Work with the development team and the construction accounting team to manage job-costing process


    • High-level oversight of work assignments of asset accounting staff including but not limited to, setting performance expectations, providing feedback/coaching on performance and ensuring accuracy and timely completion of work assignments.

    • Responsible for staffing of newly acquired assets including but not limited to evaluation of existing financial staff, hiring new staff and training staff on procedures


Required Qualifications :


    • Bachelor's degree in Accounting or Related Field

    • CPA preferred

    • 7 to 10 years’ previous accounting experience in infrastructure assets or related class

    • Solar power/renewable energy and other infrastructure experience required

    • Demonstrated expert level knowledge of GAAP accounting, including ASC 606 and ASC 842

    • Tax equity partnership flip structure accounting experience required

    • Demonstrated success in a managerial role

    • Proficient in Microsoft Office, especially Excel and Word

    • Experience in Yardi, MRI, J. D. Edwards or comparable software

    • Extensive knowledge of GAAP accounting principles


Skills :
ASC606 CPA GAAP infrastructure
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