- Record Management is serious concern in Real Estate fund accounting department. They don't properly save records or attach files in Yardi System. Lot of entries don't have proper backup. This problem become even worse because they have quick layoff problem, so in most cases they just either don't find records because person who did the actual entry is not there anymore(in some instances) or spend enormous amount of time in looking for records, which cost money to investors.
- Repetitive work that don't add any value to investor reporting material or financial statements.
- Lead Manager is not CPA or Have Masters degree, they are simply not aware about real estate standards and are working by hearing "word of mouth".
- There "to do list" is more 4 page long (roughly 200 rows in excel). Its because senior manager don't want to take initiative in resolving problems. I guess its maybe because they don't have experienced managers or lot of clients, or not enough staff.
- HR is not independent. They don't want to hear about problems or advise about internal controls. If you do that then they will let you go. Its because IT audits can reveal negative discussions at some point, so they layoff before further discussions.
- No Ethics committee. If you ask HR to give you their number or website information then they will say that they don't have one. So, unbelievable.
