Accounting Associate

About Blue Heron

Blue Heron Asset Management, LLC is a private equity real estate investment management and development firm based in Raleigh, North Carolina. The firm seeks to achieve superior risk-adjusted returns within well-balanced and actively managed investment funds with a primary focus on multifamily and mixed-use acquisition and development in high-growth southeastern markets.

Role Overview

Blue Heron is seeking an experienced, disciplined, and collaborative candidate to join our team as Accounting Associate. The Accounting Associate will support several aspects of financial operations of private equity funds and related real estate investments. The position will report to the Director of Finance and will work collaboratively across all areas of the firm.

This full-time role is based in Blue Heron’s Raleigh, NC office, with the option for hybrid working.

Key Responsibilities

• Support the financial operations of the firm, several private equity funds, and related business entities, including the collection, analysis, and consolidation of accounting transactions, treasury management, and budgeting
• Prepare and process monthly bank reconciliations, journal entries, and accounts receivable/payable transactions
• Prepare and review monthly, quarterly, and annual financial statements to ensure accuracy and completeness
• Assist with financial planning and analysis including cash flow analysis and forecasting
• Ensure reporting compliance with financial accounting standards (GAAP) and regulatory agencies
• Gather and prepare supporting documentation for annual fund financial statement audits and HUD property audits
• Assist in preparation of annual tax returns and quarterly tax estimates for investors
• Safeguard the firm’s assets under management by adhering to the firm’s internal controls
• Contribute to development and growth of the finance team to meet needs across all business processes
• Represent the firm in key relationships, which may include accountants, fund administrators, property management companies, investment partners, banks, and lenders
• Collaborate with firm leadership and other members of the firm to support business objectives
• Develop and implement continual improvement of policies and procedures

Candidate Qualifications

• Bachelor’s degree in accounting, finance, or related field; master’s degree in accounting preferred
• CPA (strongly preferred) or CPA candidate
• Minimum 2 years’ experience in accounting, including experience in public accounting preferred
• Thorough knowledge of U.S. GAAP and related reporting requirements
• Proficiency in Microsoft Office Suite, with superior Excel skills
• Proficiency in financial accounting systems
• Experience with and ability to maintain confidential financial information

Candidate Core Competencies

• Strong critical thinking in analyzing, interpreting and evaluating data to derive conclusions and make recommendations.
• Effective communication: Expresses data, knowledge and analysis in a way that is received and understood with clarity and purpose.
• Strong numerical proficiency and attention to detail.
• Organization and project management skills.
• Demonstrated track record of delivering financial data, reports, and other metrics within prescribed timelines.
• Respect for Blue Heron’s core values of accountability, curiosity, integrity, respect, and stewardship.
• Effective collaboration with internal and external stakeholders.
• Openness to feedback for professional growth.

Compensation and Benefits

Competitive compensation to be determined based on candidate’s experience and qualifications. Blue Heron offers a robust benefits package including:

• medical, dental, vision, life, short-term and long-term disability insurance
• 401(k) with employer matching
• competitive PTO policy
• volunteer days

In addition to applying on LinkedIn, please send an email to info@blueheronfund.com with the subject line "Accounting Associate Application". In the body of the email, answer the following question: In your opinion, which of the three basic financial statements gives users the most insight into the financial performance of a real estate investment fund? Why?

Blue Heron is an equal opportunity employer and complies with all applicable federal and state laws.

Unsolicited Resumes from Third-Party Recruiters

Please note that we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening.

Any employment agency, person, or entity that submits an unsolicited resume does so with the understanding that Blue Heron will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.