Manager, Fund Accounting & Reporting

Core Spaces (Core) is more than a real estate company, it’s a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.

Founded in 2010, Core is a vertically integrated real estate investment manager focused on acquiring, developing and managing across the student housing and build-to-rent (“BTR”) sectors. Its residential communities feature world-class amenities, progressive design, and hospitality-driven service. Core’s student housing portfolio includes over 59,000 beds currently owned or managed, with a pipeline of over 50,930 beds in various stages of development. Core’s BTR division has over 3,000 homes under development, now leasing or in its pipeline in high-growth metros nationwide. For more information, visit www.corespaces.com.

*Portfolio and pipeline numbers as of Q4 2025

• A culture that provides you with a sense of belonging 

• Competitive pay that values your contributions 

• Incentives designed to reward your achievements 

• Paid flexible PTO to disconnect or celebrate life milestones 

• Paid 14+ holidays, including your birthday, to disconnect and celebrate 

• Paid Parental Leave that begins after 90 days 

• Paid volunteer time off to give back to your community 

• Monthly workshop weeks; fewer meetings & more collaboration 

• Robust health plan options that begin within at least 30 days of your employment 

• Monthly phone reimbursement 

• Wellness allowance and perks, including a yearly subscription to a meditation app 

• An environment that provides you a voice to share your perspectives 

• Employee Assistance Program (EAP) for access to confidential support services        

• Company retirement options including 401(k) + matching & Roth account option 

This position embraces ambition and innovation to serve the Core Spaces development and operating funds. The Fund Accounting & Reporting Manager is responsible for the preparation and review of fund investment financials, month-end close, monthly and quarterly variance analysis, fair value accounting, and income allocations, performance reporting, and fund level budget and forecasting. In addition, this position is involved in the preparation of the annual audit reports, and act as a direct liaison with the fund administrator and other related parties. This role supports a multi‑fund platform with complex structures, including Open‑End, Closed‑End, SMA, JV, and REIT vehicles. 

• Oversee and manage internal fund accounting/operations team and day-to-day relationship with third-party fund administrator  
• Oversee and manage the funds’ monthly, quarterly, and annual financial statement consolidation process for Open-End, Closed, and SMA funds 
• Review capital calls, distributions, and uncalled commitments, including allocations and investor notices 
• Review management fee calculations including fee offsets 
• Calculate and/or review carried interest calculations and asset level waterfalls 
• Review partner allocations and capital account statements 
• Manage the onboarding process for new investors 
• Review, support, and/or drive investor reporting, including quarterly letters and investor requests 
• Coordinate release of investor notices and capital statements 
• Ensure timely resolution of investor issues and escalations 
• Review of fund partnership agreements in connection with the initial fund set-up and ongoing operations, including fund governing documents, side letters and agreements to ensure adherence 
• Oversee monthly account analysis and roll forwards to ensure they properly reflect the Funds financial position in accordance with Limited Partnership Agreements 
• Work with the valuations team on quarterly asset fair value review process 
• Review/calculate fund-level key performance metrics (i.e., IRRs, TWRs, Track Records, AUM) 
• Demonstrate deep knowledge of Private Equity and Real Estate fund structures and practical application of fund governing documents 
• Stay abreast of industry standards and best practices while continuously seeking opportunities to enhance operational efficiency and mitigate operational risks 
• Review and ensure compliance with accounting policies and procedures, and conclude on technical accounting related issues including coordination with Tax on REIT testing, K‑1 reporting, and investor tax considerations. 
• Coordinate and lead annual fund audits including drafting report templates and providing PBCs to auditor 
• Act as the direct liaison with the fund administrator 
• Manage and coach direct reports including training, performance management, and development of standardized processes 
• Assist team with ad hoc projects as needed including process automation, system enhancements, and reporting standardization initiatives 
• Occasional travel may be necessary  
• Perform all other duties and tasks as assigned by management 
• Must be able to complete all physical requirements of this role with or without a reasonable accommodation 

• Bachelor’s degree in accounting or finance required; CPA or Masters’ preferred 
• 8+ years of experience in a mix of public accounting and real estate industry experience 
• Background in accounting for various types of entities including private equity funds and REITs 
• Proficiency in MS Outlook, Excel, Word 
• Yardi experience is a plus 
• Excellent interpersonal and organizational skills 
• Ability to multi-task and manage shifting priorities in a fast-paced environment 
• Attention to detail and high level of accuracy 
• Advanced Excel skills, including XLOOKUP, Index/match, and performance metric calculations (IRR, TWR MOIC, multiples).  
   

You'll crush it if you have experience with 

• Non-traded REIT or Open End fund experience  
• Navigating complex fund structures, waterfalls, and carried interest models, including modeling scenarios and validating administrator calculations through development of internal models 
• Managing complex multi‑entity consolidations, including joint ventures, co‑investment vehicles, and REIT structures 
• Standing up new fund launches, including establishing reporting templates, coordinating with Legal on governing documents, and developing accounting policies 

Organizational Structure 

Reports to: Senior Vice President, Fund Controller 

Direct Reports: Associate, Fund Accounting  

Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.

As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.

The compensation range listed reflects the base salary or hourly rate that we reasonably and in good faith expect to offer for this role at the time of posting. Actual compensation may vary based on factors such as education, experience, skills, certifications, seniority, geographic location, and business needs.

This role may be eligible for additional forms of compensation, including bonuses, commissions, stipends, or non-cash incentives, depending on position and performance. Benefits may include health insurance, retirement plans, paid time off, and other role-based offerings, subject to eligibility requirements.

All compensation components are subject to change based on business needs or market conditions.