Fund Accountant - Commercial Property FundDeltine Capital acquires and operates regional motels through the Deltine High Yield Motel Fund.
The Fund is in an active growth phase, adding assets through a steady pipeline of acquisitions, each of which brings current reporting requirements to the group.
Through only 18months of trading Deltine Capital has managed to acquire over $100 million in assets.About the roleWe are hiring a Fund Accountant to own financial reporting and controlling activities of both the investment entity and fund manager.
A bookkeeping team handles day-to-day processing at the asset level.
This role reviews and signs off that work and owns everything above it including consolidation and investment reporting.
It reports directly to the CFO, with a explicit management path as the portfolio scales.You own fund accounting end to end: Consolidations, Distributions, NAV and covenant reporting, trustee instructions and the financial content of investor reporting.Every motel entity's month-end crosses your desk before it is final.
Every new acquisition keeps the workload dynamic.
Treasury is yours to run.Key responsibilitiesMonthly balance sheet review, ensuring all entity balances are reconciled and verifiedReview and sign-off of month-end prepared by the bookkeeping team: accruals and prepayments, fixed asset registers and depreciation, intercompany reconciliations, and employment-related accrualsConsolidation of asset financial statements into the Fund reporting packBudget loading and variance reporting in Xero.
Support the CFO and COO on periodical budgets for the motels and the FundMaintain the three-way forecast (P&L;, balance sheet, cash flow) and capital allowance forecastingMonthly distribution calculations, including updates to the Fund cash flow model, for CFO and CEO approvalQuarterly NAV reporting and bank covenant reportingPrepare the financial content of quarterly investor reporting and support the CFO on external queriesDaily cash management across the Fund and motel entities: sufficient operating funds at each motel,



surplus cash invested, and transfers between entitiesFund settlements: cash calls, drawdowns and settlement funding in step with the acquisition timetableAbout youProperty fund accounting experience, ideally across unlisted trusts or a registered schemeCA or CPA, with approximately six years' experience in Investment accountingWorking knowledge of consolidations, unit trust distributions and tax component calculationsHands-on treasury experience: cash forecasting, multi-entity cash management and payment controlsA controller's instinct.
You are comfortable reviewing other people's work, and you can tell a reconciled balance sheet from one that only looks reconciledXero (financial reporting) and Spotlight (consolidation) experience is an advantageAbout usDeltine Capital manages a fund that is building a portfolio of regional motels targeting 4-star quality for professionals and business travellers.
The motel sector is fragmented, and many independent properties lack scale, resources and expertise.
Deltine's approach is active asset management: economies of scale, targeted upgrades and operational improvement across a growing platform.
The finance function sits close to the assets, and fund accounting, asset accounting and treasury are handled by a small but fast growing team.Base salary: $110,000 to $130,000, (dependant on location) plus superannuationRemote working, with regular meetings in BrisbaneDirect reporting line to the CFO, and working with the COO and CEOOpportunities to travel, supporting the business throughout regional Australia as well as the finance team in the PhilippinesStrategic growth, helping to shape the business, having a real impact on how we scaleA defined path into fund accounting and management as the portfolio and the team growExposure to the full fund lifecycle, from acquisition through to investor reporting in an exciting property sectorBe careful - Don't provide your bank or credit card details when applying for jobs.
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📌 Remote Fund Accountant - Growth Role In Property Fund (Townsville)
🏢 Deltine Capital
📍 Townsville