The Role
Supports corporate and general partnership accounting across multiple fund entities. Responsibilities include preparing journal entries, performing balance sheet, GL, intercompany, cash, equity, and AP reconciliations, maintaining loan schedules, supporting financial statements, audits, budgeting, re-forecasting, and variance analysis. The role requires GAAP knowledge, accurate workpapers, internal controls compliance, strong communication, and independent work across time zones.
Summary Generated by Built In
Summary
The GL Accountant supports Carmel Partners' Corporate Accounting team with general ledger and general partnership (GP) accounting activities across the firm's fund structures. This role focuses on account reconciliations, internal audit support, and budgeting and re-forecasting.
Essential Duties & Responsibilities
- Prepare and maintain general ledger entries for assigned management companies and general partnership (GP) entities within Carmel's fund structures.
- Perform monthly, quarterly, and annual balance sheet and GL account reconciliations, identifying discrepancies and resolving them promptly.
- Perform reconciliations of intercompany and affiliate accounts across assigned management and GP entities.
- Prepare journal entries and supporting account analyses for month-end and quarter-end close.
- Reconcile cash, capital call, distribution activity, and equity accounts for assigned GP entities.
- Maintain loan amortization schedule and recognize quarterly interest income.
- Manage Accounts Payable: audits, post AP, and reconcile sub-ledger.
- Maintain accurate supporting workpapers for GAAP and tax basis financial reporting.
- Assist with preparation of quarterly and annual entity-level financial statements for assigned entities.
- Review Concur transactions and perform audits.
- Support the annual budgeting process and quarterly re-forecasting cycles, including budget-to-actual variance analysis.
- Perform quarterly expense allocation audits on assigned accounts, including preparing supporting schedules, documentation, and responses.
- Collaborate with the Corporate Accounting team and Carmel Finance Leadership on ad hoc analyses and special projects.
- Ensure compliance with Carmel's accounting policies, procedures, and internal control standards.
- Maintain clear, timely communication with the Corporate Accounting team given the offshore work arrangement.
- Perform other duties as assigned by manager.
Qualifications
- Education: Bachelor's degree in Accounting, Finance, or a related field.
- Experience: 4–5 years of general ledger accounting experience, with direct hands-on experience in general partnership (GP) accounting.
- Reconciliation & Audit: Demonstrated experience performing monthly, quarterly, and annual balance sheet and GL account reconciliations, internal audit support, and budgeting/re-forecasting processes (ideally within a partnership or fund structure).
- Industry & Technical Knowledge: Working knowledge of GAAP with exposure to tax basis financial reporting a plus; real estate, fund administration, private equity, or multiple-entity accounting experience strongly preferred.
- Software & Tools: Proficiency in Microsoft Excel (reconciliation and variance analysis) and Word; experience with accounting/ERP systems (e.g., Oracle, Yardi) preferred.
- AI & Modern Workflow: Demonstrated ability to effectively leverage AI-powered tools to improve productivity, analysis, and decision-making.
- Core Skills: Strong attention to detail, analytical, and organizational skills, with the ability to manage multiple deadlines independently.
- Communication & Remote Work: Solid written and verbal communication skills in English; comfortable working across time zones, using digital collaboration tools (email, Zoom, Teams), and working independently in a remote, offshore consulting engagement.
Skills Required
- Bachelor's degree in Accounting, Finance, or a related field
- 4-5 years of general ledger accounting experience
- Hands-on general partnership accounting experience
- Experience with monthly, quarterly, and annual balance sheet and GL account reconciliations
- Experience supporting internal audits
- Experience with budgeting, re-forecasting, and budget-to-actual variance analysis
- Working knowledge of GAAP
- Microsoft Excel proficiency for reconciliations and variance analysis
- Microsoft Word proficiency
- Strong attention to detail, analytical skills, and organizational skills
- Ability to manage multiple deadlines independently
- Strong written and verbal English communication skills
- Comfort working across time zones and in a remote offshore consulting engagement
- Tax basis financial reporting exposure
- Real estate, fund administration, private equity, or multiple-entity accounting experience
- Experience with Oracle or Yardi accounting/ERP systems
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The Company
What We Do
Booth & Partners is a leading outsourcing and offshoring consulting firm that helps over 150 clients worldwide solve their talent and workspace challenges by specializing in building remote teams for startups and scaling businesses.
