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Senior Associate, Real Estate Investment Accounting

Barings
Springfield, MA, United States
Full-time

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Title : Senior Associate, Real Estate Investment Accounting

Business Unit : Global Private Platform Delivery

Location : Charlotte, NC / Boston, MA / Springfield, MA

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers.

Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets.

A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.

Job Summary

This individual will be responsible for providing and overseeing accounting and reporting functions for equity and debt real estate.

The ideal candidates will have accounting expertise in real estate or other alternative investment industries. Our teams consist of highly skilled professionals who are expected to provide accurate, timely, and efficient accounting and financial reporting results.

These individuals will be responsible for the following areas :

Primary Responsibilities

Work closely with third party servicers to monitor data feeds and cash remittance for commercial mortgage loan investments.

Ensure accurate and timely recording of financial data.

  • Preparation of quarterly reports and footnotes in accordance with generally accepted accounting principles.
  • Work closely with appropriate Property Managers to ensure accurate and timely submission of property financial data and support for quarterly reporting.
  • Work closely with team to ensure and accurate and timely review of accounting and reporting deliverables.
  • Perform some treasury functions including cash reconciliations as well as handling wire responsibilities for operating distributions, capital distributions, and capital calls.
  • Work closely with upper level management from Portfolio and Asset Management to accommodate day-to-day informational and support requests.
  • Work closely with internal / external clients to manage deliverables and requests.
  • Assist in quarterly / year-end reviews of property operations for investments in assigned portfolio to ensure accounting in accordance with Barings policies & procedures as well as generally accepted accounting principles.

Qualifications

  • Experience either in public or private industry with alternative investments, real estate preferred
  • Experience in reviewing and preparing general ledgers and financial statements
  • Real estate equity accounting and a strong knowledge of GAAP, including Investment Company Guide, is desired
  • Knowledge of investment and partnership accounting desired
  • Bachelor’s degree in Accounting is required
  • Strong written and verbal communication skills
  • Working knowledge of Excel and Word essential, Investran and MRI experience are a plus

Barings is an Equal Employment Opportunity employer; Minority / Female / Age / Sexual Orientation / Gender Identity / Individual with Disability / Protected Veteran.

We welcome all persons to apply.

Barings offers a comprehensive benefits package including :

CORE BENEFITS & WELLNESS

  • Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
  • Fitness Center Reimbursement Program (Including Online Memberships)
  • Employee Assistance Program (EAP)
  • Fertility Benefits

FINANCIAL WELL-BEING

  • Highly competitive 401(k) Plan with Company Match
  • Health Savings Account (HSA) with Company Contributions
  • Flexible Spending Accounts (FSA) - Health Care & Dependent Care
  • Retirement Health Reimbursement Account

LIFE INSURANCE

  • Basic and Supplemental Life Insurance
  • Spouse and Child Life Insurance

TIME OFF, DISABILITY AND LEAVE OF ABSENCE

  • Paid Vacation, Sick Days and Annual Holidays
  • Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
  • Short and Long Term Disability Plans
  • Paid Volunteer Time

OTHER BENEFITS

  • Education Assistance Program
  • Charitable Matching Gifts Program
  • Commuter Reimbursement Program
  • Adoption and Surrogacy Reimbursement Program
  • 20 hours ago
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