Senior Accountant

Company Overview
Greenwood Star Property Management (GSPM) is a leading real estate investment and management firm specializing in 506(c) private REITs and multifamily real estate assets. We manage a diverse portfolio with a strong commitment to maintaining GAAP-compliant accounting and ensuring REIT/SEC regulatory compliance. We are looking for a Senior Accountant with expertise in REITs to join our finance team in-office.

Job Summary
The Senior Accountant – REIT & 506(c) Fund Accounting will be responsible for overseeing financial reporting, tax compliance, and investor accounting for our 506(c) REIT fund and UPREIT structure. The ideal candidate will have experience in private REIT accounting, fund reconciliations, Yardi Voyager, and SEC & tax compliance.

Key Responsibilities

1. REIT Accounting & Financial Reporting

   • Prepare and maintain GAAP-compliant financial statements for REIT entities.

   • Manage monthly, quarterly, and annual close processes for multiple REIT structures.

   • Ensure accurate revenue recognition in accordance with ASC 842 (Leases) and ASC 606 (Revenue Recognition).

   • Reconcile REIT investment activities, distributions, and capital contributions.

   • Prepare and review NAV calculations, asset valuations, and depreciation schedules under ASC 360.

2. 506(c) Fund & Investor Accounting

   • Track capital calls, distributions, and investor equity transactions.

   • Prepare investor K-1s and quarterly capital statements.

   • Ensure compliance with 506(c) SEC reporting requirements and the 100-investor rule under IRC §856.

   • Assist with investor financial due diligence and reporting.

3. Tax Compliance & REIT Qualifications

   • Ensure compliance with REIT income and asset tests (75% Asset & 75% Income Tests per IRC §856).

   • Collaborate with tax advisors to prepare and review REIT tax returns (Form 1120-REIT) and investor tax documents.

   • Support tax planning strategies to maintain REIT compliance and minimize tax liabilities.

4. Yardi Voyager & System Integration

   • Oversee property and fund accounting in Yardi Voyager 8 and VendorCafé.

   • Automate reporting workflows, investor distributions, and vendor payments.

   • Perform bank and general ledger reconciliations to ensure financial accuracy.

5. Internal Controls & Audit Support

   • Maintain SOX-compliant internal controls for cash management, vendor payments, and investor distributions.

   • Assist with annual audits and SEC/IRS compliance reviews.

   • Prepare audit work papers and liaise with external auditors and tax advisors.

Qualifications & Requirements

Education & Experience

• Bachelor’s degree in Accounting, Finance, or a related field (CPA preferred).

• 5+ years of accounting experience in REITs, real estate funds, or private equity.

• Prior experience with 506(c) REITs, UPREIT structures, or fund accounting is highly desirable.

Technical & Software Skills

• Strong knowledge of GAAP, ASC 842 (Lease Accounting), and REIT tax regulations.

• Proficiency with Yardi Voyager 8, Yardi CRM, and VendorCafé.

• Advanced Excel, financial modeling, and investor reporting skills.

Soft Skills & Competencies

• Strong analytical, organizational, and problem-solving skills.

• Ability to manage multiple deadlines in a fast-paced REIT environment.

• Excellent communication skills to collaborate effectively with investors, auditors, and finance teams.

Why Join Us?

• Competitive Salary & Bonus Structure

• Health, Dental, and Vision Insurance

• Growth Opportunities in a High-Growth REIT

• Collaborative On-Site Work Environment