The Role
Manage general ledger and day-to-day accounting for the General Partner and affiliates, support month/quarter/year-end close, prepare financial statements and disclosures, reconcile accounts and intercompany balances, assist with cash forecasting, KPI reporting, budgeting and financial modeling, coordinate with external auditors and third-party accounting firms, and help develop automated reporting tools.
Summary Generated by Built In
The Corporate Accountant is primarily responsible for oversight of the general ledger (G/L) for Invictus’s General Partner entity and its affiliated operating company and works closely with both the Controller and Manager to manage financial operations of the firm. This includes the daily accounting and cash management for the General Partner and its affiliates, as well as the creation of reporting packages, financial statements and disclosures as part of the month-end, quarter-end and year-end close processes. In addition, the position will assist in the development of financial projections, Key Performance Indicator (KPI) analysis / reporting, and cash forecasting and analysis.
Key Responsibilities
- Work closely with third party accounting firm and review monthly journal entries into accounting software as well as reconciliations
- Record, review and provide guidance on supporting information for all journal entries
- Reconciliation of inter-company balances, key accounts and sub-ledgers
- Support the month, quarter, and annual close processes, including consolidation of reporting and analysis of results against budget, prior year, and any interim reporting
- Assist in the production of financial statements, including writing footnotes, commentary and production of supporting packages
- Coordinate with external auditors on journal entry examinations and other queries as they arise
- Assist with day-to-day cash management for the General Partner and its affiliates, including cash flow analysis and projections
- Evaluate financial performance, identify trends and perform variance analysis
- Ensure compliance with financial guidelines, company policies and relevant legal requirements
- Apply knowledge of key business drivers to assist in the development of financial projections, budgets, KPI tracking and build-out of financial models
- Internal reporting presentations and analyses for firm leadership
- Manages core operational functions such as payroll, licensing/compliance, and bank covenant and certification reporting to ensure uninterrupted business operations
- Oversees accounting system maintenance and configuration, ensuring the platform scales and adapts alongside the company’s strategic direction
- Work with Controller and Manager to develop automated reporting/forecasting tools
- Maintain P&L allocation and capital accounts for partners of the firm
Skills, Knowledge and Expertise
- Minimum 2+ years of accounting experience, including an understanding of general ledger entries
- Bachelor’s degree in accounting, business, or another relevant field
- CPA preferred, but not required
- Strong Microsoft Excel skills, including proficiency in financial modeling techniques
- Focus on the financial services sector, specifically the fund management sector is preferable
- Experience with consolidations
- Experience with month-end, quarter-end, and year-end close processes
- Experience with accounting for partnership transactions and the production of partner capital account statements is preferable
- An understanding of general partner accounting requirements including recognition of management fee income and carried interest, both cash and accruals basis, is preferable
- Experience with NetSuite/ accounting software is preferable
- A high level of energy and professionalism, with strong initiative
- Detail oriented
Key Competencies
- Technical Accounting Knowledge: strong command of GAAP and general ledger accounting, with the ability to manage the mechanics of the monthly, quarterly and annual close.
- Attention to Detail and Accuracy: produces precise journal entries, reconciliations and financial statements that hold up to audit scrutiny.
- Analytical and Problem-Solving Skills: evaluates financial performance, identifies trends and resolves variances with sound judgment.
- Collaboration and Communication: partners effectively with the Controller, Manager, external auditors and third party accounting firms.
- Process Improvement and Systems Aptitude: supports accounting system maintenance and helps build automated reporting and forecasting tools.
How This Role Demonstrates Our Company Values
- Integrity: upholds accuracy, transparency and compliance in every journal entry, reconciliation and financial disclosure.
- Collaboration: works closely with the Controller, Manager, external auditors and third party accounting firms to keep financial operations running smoothly.
- Excellence: delivers precise, well supported financial statements and reporting packages that meet a high standard.
- Critical Curiosity: digs into variances and trends, asking the right questions to strengthen forecasting and reporting.
Benefits
- Great compensation package, including competitive base pay
- Discretionary annual bonus opportunity
- Invictus medical, dental and vision is covered at 100% for all tiers.
- We offer FSA’s for healthcare, dependent care, transit and commuter costs.
- Safe harbor 401(k) match of 4%; employees need 3-months of service to be eligible to participate. No vesting after that.
- $80 per month cell phone reimbursement.
- 20 Days of PTO accrued at the beginning of the year, 10 company holidays plus sick time.
- Tuition Reimbursement
About
Invictus Capital Partners, LP (“Invictus”), a leading investment firm, and its subsidiary Verus Residential Loanco, LLC (“Verus,” and together with Invictus, the “Companies”), manage and oversee investments in Non-Agency single family residential mortgage loans. Invictus is located in Washington, D.C. and has approximately 50 employees, and Verus is located in Minneapolis and has approximately 200 employees. The Companies have overseen the acquisition of over $38 billion of mortgage loans since their inception. In addition, Invictus manages over $19 billion in gross assets and has completed over 70 rated securitizations. Interested candidates can learn more about the Companies by visiting www.invictuscp.com and www.verusmc.com.
Skills Required
- Minimum 2+ years of accounting experience, including understanding of general ledger entries
- Bachelor's degree in accounting, business, or another relevant field
- CPA
- Strong Microsoft Excel skills, including proficiency in financial modeling techniques
- Experience with consolidations
- Experience with month-end, quarter-end, and year-end close processes
- Experience with accounting for partnership transactions and partner capital account statements
- Understanding of general partner accounting requirements including management fee income and carried interest (cash and accrual)
- Experience with NetSuite or other accounting software
- Strong GAAP technical accounting knowledge
- High level of energy, professionalism, strong initiative and attention to detail
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The Company
What We Do
Invictus Capital Partners is a real estate credit focused alternative asset manager and investment management firm, established in 2008, specializing in opportunistic credit strategies and managing portfolios of real estate debt securities and loans.
