Back to jobs

Fund Administration Associate

Boston, MA

Groma is blending real estate and technology to unlock a new real estate asset class while making it easier for everyone, from institutional investors to the residents in our buildings, to participate in ownership. Our property technology platform uses AI to bring new efficiencies to the small unit count multifamily sector, enabling us to efficiently acquire, upgrade, and operate these 2-20 unit multifamily buildings and bring institutional performance to this massive but historically overlooked sector. Our investor technology platform makes owning these assets accessible to a broad array of investors, with bespoke vehicles available to institutional and family office investors and our flagship vehicle, the blockchain-powered GromaREIT, available to everyone, with a special focus on enabling ownership for the residents in our buildings. Visit www.groma.com to learn more about us.

About the Role

We are seeking a highly-motivated and detail-oriented individual to join our Fund Administration team and play a crucial role in supporting the management of our investment funds. This position will work closely with the Accounting, Investor Relations & Legal teams to operate Groma’s Fund Administration Department. The primary goals of the Fund Administration Department are to complete timely and accurate reporting requirements and build out the internal capabilities of our own Fund Administration Department. As the second member of the Fund Administration Department at Groma, this role will be hands-on and allow you to contribute to many areas of a growing, early-stage business. Below is a non-exhaustive list of attributes and responsibilities:  

Job Responsibilities

  • Provide expertise in a broad range of fund administration functionalities and support the building of in-house capabilities, including, policies and procedures as well as engineered software tools.
  • Support the quarterly reporting process across all funds by working closely with Investor Relations, Engineering, Accounting and professional Fund Administrators support services to prepare fund performance metrics and investor communications. 
  • Work closely with the Director of Fund Administration to execute on the Investment, and Capital Call and Distribution processes through the preparation of supporting schedules and documentation. 
  • Construct and operate key computations for funds, including but not limited to; Net Asset Value, waterfall distribution models, management fee, performance fees, funds from operations, free cash flow.
  • Maintain the general ledgers and books and records through; monthly bank reconciliations, recording of accruals, setting up bill payments, as well as partner capital account and cap table maintenance.
  • Perform monthly closing of books to produce audit ready documentation and reconciliations.
  • Assist in the preparation and maintenance of financial statements including, disclosures and reports for real estate investment funds and ensuring compliance with regulatory requirements and internal policies.
  • Work closely with auditors and liaise with internal teams to produce supporting documentation necessary to satisfy audit standards.
  • Assist with purchase price and valuation computations ensuring both are compliant with internal policies.
  • Support tax compliance process including, preparation of Forms 1099 and working with tax preparers to complete tax returns and K-1s.

Curious about the industry 

  • Curious to learn the real estate market and blockchain technology; understanding business requirements and constraints. 

Flexible in a growing environment 

  • Comfortable working on a broad set of projects and in an environment with frequent change. 
  • Experience within high-growth startups is a plus but not a requirement. (Willingness to exist within a high-growth startup environment, with the pros and cons that brings, is a requirement!)

Qualifications 

  • BA/BS in accounting or finance or equivalent field required, other relevant advanced degree and/or certification, such as a MSA or CPA highly preferred.
  • 3+ years experience in an accounting role, ideally at a private equity firm or fund administration company.
  • Relevant experience in fund administration, accounting, or finance for real estate and REIT investment funds.
  • Familiarity with fund administration compliance requirements and testing protocols (including regulatory, tax, governing fund document, and privacy/security).
  • Experience with GAAP standards and SEC requirements; understand financial and administrative policy development and design of internal control structures and how to implement them.
  • Demonstrated ability in managing tax, regulatory, and SEC compliance.
  • Excellent analytical, communication, and problem-solving skills.

About our Culture

At Groma, we’re looking to build something big and are on a fast growth trajectory. While a healthy work-life balance is important to our team, we want to be upfront that there may be times when we expect commitments outside of the standard 9-5. We strive to respect individuals and their needs while also acknowledging the reality that we have a small team that is trying to accomplish some very ambitious goals in a short time period.  

We are also focused on maintaining our dynamic in-office culture at Groma’s headquarters in beautiful downtown Boston, Massachusetts. We believe that in-person collaboration and spontaneous interpersonal interaction is critical to the company’s success at this stage. Also, our office is great. We own the whole building and have made it very much our own space. We’ve got a gym, shower/locker rooms, a game room, a rooftop garden, and all the normal stuff to make an office a comfortable work environment and a fun place to be. We understand that everyone will need flexibility from time to time, but want to be transparent with this expectation.

We have an ever-evolving list of values and conventions that guide how we operate as a company, but here are some of our core ones:

  • We approach our work with pragmatic idealism that enables us to focus on our desire to make the world a better place in ways big and small while also being open to intelligent compromises that accelerate us on our path to serve our broader societal goals.
  • Our whole team believes strongly that the challenges we are trying to solve require effective teams, not individual heroes.
  • We have complex conversations well. We sit at the intersection of housing and blockchain policy, both nuanced topics with real-world impacts. We pride ourselves on being thoughtful, seeking the best solutions to real-world challenges, and implementing them effectively in the real world.

Benefits & Perks

  • Competitive salary for the Boston area
  • Early stage equity in a quickly growing startup
  • 5% 401k match
  • Fully covered high-quality health and dental insurance plans
  • Fully covered commuter passes for bus, subway, boat, or commuter rail
  • Unlimited PTO
  • 13 official company holidays
  • 1 floating holiday: We recognize that there are lots of holidays that are meaningful to different people in different ways and we want to celebrate that by enabling team members to have the time/space to commemorate those days however is appropriate, and using it as an opportunity - if they’d like to - to share the meaning of that day with the broader team
  • Optional pet insurance for cats, dogs, lizards, frogs, and waterfowl
  • A beautiful office in downtown Boston with a gym, locker rooms, game room, rooftop garden, and several catered lunches a week

Apply for this job

*

indicates a required field

Resume/CV*

Accepted file types: pdf, doc, docx, txt, rtf

Cover Letter

Accepted file types: pdf, doc, docx, txt, rtf

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey. Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file.

As set forth in Groma’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.

Select...
Select...
Race & Ethnicity Definitions

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection. As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measure the effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categories is as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

Select...

Voluntary Self-Identification of Disability

Form CC-305
Page 1 of 1
OMB Control Number 1250-0005
Expires 04/30/2026

Why are you being asked to complete this form?

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

Completing this form is voluntary, and we hope that you will choose to do so. Your answer is confidential. No one who makes hiring decisions will see it. Your decision to complete the form and your answer will not harm you in any way. If you want to learn more about the law or this form, visit the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp.

How do you know if you have a disability?

A disability is a condition that substantially limits one or more of your “major life activities.” If you have or have ever had such a condition, you are a person with a disability. Disabilities include, but are not limited to:

  • Alcohol or other substance use disorder (not currently using drugs illegally)
  • Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, HIV/AIDS
  • Blind or low vision
  • Cancer (past or present)
  • Cardiovascular or heart disease
  • Celiac disease
  • Cerebral palsy
  • Deaf or serious difficulty hearing
  • Diabetes
  • Disfigurement, for example, disfigurement caused by burns, wounds, accidents, or congenital disorders
  • Epilepsy or other seizure disorder
  • Gastrointestinal disorders, for example, Crohn's Disease, irritable bowel syndrome
  • Intellectual or developmental disability
  • Mental health conditions, for example, depression, bipolar disorder, anxiety disorder, schizophrenia, PTSD
  • Missing limbs or partially missing limbs
  • Mobility impairment, benefiting from the use of a wheelchair, scooter, walker, leg brace(s) and/or other supports
  • Nervous system condition, for example, migraine headaches, Parkinson’s disease, multiple sclerosis (MS)
  • Neurodivergence, for example, attention-deficit/hyperactivity disorder (ADHD), autism spectrum disorder, dyslexia, dyspraxia, other learning disabilities
  • Partial or complete paralysis (any cause)
  • Pulmonary or respiratory conditions, for example, tuberculosis, asthma, emphysema
  • Short stature (dwarfism)
  • Traumatic brain injury
Select...

PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.