The GL Accountant is responsible for maintaining general ledger entries, performing account reconciliations, and supporting the month-end and quarter-end close processes. They also assist with budgeting, re-forecasting, and ensuring compliance with internal control standards for fund structures.
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.
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