• Associate, Joint Venture Accounting

    Job Locations US-GA-Atlanta, GA
    Posted Date 1 month ago(8/11/2019 4:58 PM)
    Job ID
    # of Openings
  • Company Info

    Bridge Investment Group is a leading privately held real estate investment and property management firm with over $13 billion in assets under management. Bridge pursues investment opportunities in targeted real estate sectors that offer attractive returns including current income and capital appreciation.  Its real estate activities encompass the acquisition, financing, property management, optimization and disposition of real assets and CRE-backed fixed income securities. The Company operates in five targeted verticals; multifamily, office, seniors housing, opportunity zone investments and CRE-backed fixed income, and has specialized investment teams focused on each of these areas to generate above-market returns for its investors.


    Bridge Culture

    Bridge is well-regarded for its high integrity and collaborative leadership culture that rewards both individual thinking and team decision-making.  Our leadership are seasoned professionals who bring their vast experience and high standards of excellence to their work.

    Given our horizontal scope and vertical integration, Bridge professionals are empowered to work across functional teams. As a result, they are deeply specialized and highly versatile with a clear understanding of how their roles fit into a broader context.

    Our leaders value career development and take seriously the role they play in developing next generation leaders.  Bridge professionals embody accountability and seek to deliver high-quality results through creativity and innovation. 

    Department Info

    Bridge's Office Fund Manager pursues, through its subsidiaries, investment opportunities in targeted real estate sectors that offer attractive returns. Our real estate activities encompass the acquisition, financing, property management, optimization and disposition of commercial office real asset. Our specialized investment teams focus on commercial office properties to generate above-market returns for our investors. By deploying specialized teams in these targeted real estate verticals, Bridge Office Fund Manager seeks to benefit from in-depth market knowledge, deal flow and relationships to create opportunity.  The Joint Venture Accounting team is responsible to account properly for these ventures in accordance with the underlying agreements.

    Position Info

    As a Joint Venture Senior Accountant, you will be responsible for providing accounting support to Management in Joint Venture Accounting of the daily operations of accounting, analysis and reporting of multiple joint venture ownership structures of investments in commercial real estate, including maintaining financial records, preparing and analyzing investor statements and preforming general accounting functions.  This position reports to the Assistant Controller – Joint Venture Accounting focusing on JV’s of the firm.


    Job Duties - 

    • Prepare and enforce appropriate processes for each joint venture.
    • Understand, manage and supervise all aspects of cash flow for each joint venture.
    • Prepare monthly bank reconciliations for each joint venture bank account.
    • Initiate constructive working relationships with the property accounting team and fund accounting team.
    • Maintain and update joint venture related investment accounting with the proper treatment of cash basis investments of contributions, distributions, and flow through of net income/loss of the assets.
    • Maintain and update joint venture related accounting of partner contributions and distribution for each of the joint ventures.
    • Process the receivable and payable invoices for payment by each of the joint ventures.
    • Prepare monthly accounting reports for management, ensuring accuracy and integrity in reporting.
    • Provide thorough analysis, advice and reporting to management.
    • Prepare quarterly investor reporting packages for the joint ventures consistent with the standard investor reporting packages delivered by the Fund Controller team.
    • Process the quarterly distributions for each joint venture once approved by the Board and record them.
    • Work with the external tax accounting firm on the preparation and issuance of annual federal and state tax returns. Responsible to review the tax returns and obtain proper internal approvals to finalization and getting the tax returns filed with each taxing authority.
    • Maintain all legal documents and agreements for each joint venture.
    • Calculation of asset management fees by joint venture and recording thereof.
    • Calculation of monthly capital distributions by joint venture and recording thereof.
    • Prepare Investor Statement uploads for input into Yardi IM.
    • Set up new joint ventures in Yardi IM.
    • Prepare and post journal entries, including obtaining appropriate supporting documentation and organizing it for future reference.
    • Analyze and verify information by creating spreadsheet reports.
    • Answers accounting and financial questions by researching and interpreting data.
    • Ad hoc analyses as needed.


    Qualifications - 

    • Minimum 6 years related experience in Joint Venture or Operations Accounting preferred.
    • B.S. Degree in Accounting/Finance is required, and a CPA license is a bonus.
    • Possess great analytical skills, as well as a strong understanding of accounting.
    • Experience in Financial Accounting would be an asset (i.e. recording and maintaining investment transactions, recording and maintain proper capital contributions and distributions, bank reconciliations, account reconciliations, tax returns, etc.).
    • Basic understanding of income tax accounting.
    • Ability to multi-task, with strong attention to detail.
    • Flexibility within a rapidly growing organization and willing to adapt quickly to changes in direction.
    • Experience with Yardi Voyager, Yardi Genesis and Yardi IM preferred.
    • Strong analytical and problem-solving skills are required.
    • Comfort in analyzing and processing data sets utilizing technology to minimize manual data entry.
    • Excellent computer skills with proficiency in Microsoft Office applications.
    • Must be able handle pressure situations and possess flexibility in a high growth environment.
    • Team player who enjoys learning and contributing to team goals.
    • Strong follow-through skills and ability to resolve issues in a timely manner.
    • Internally motivated to seek answers, generate ideas and develop new skills.


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