Publicly traded global investment management firm is looking for a sharp Assistant Controller * Real Estate Equity to join the U.S.
Real Estate Equity Accounting team in Los Angeles.
This team is part of a broader Finance & Accounting organization and is responsible for day-to-day oversight of multiple funds and managing an external fund administrative team.
Fund structures may include commingled equity and debt closed and open-ended funds, joint ventures and separate accounts.
The ideal candidate will possess a combination of private and public accounting experience with exposure to real estate funds.
They will also be expected to build strong working relationships across the real estate operation (deal teams, service providers, etc.).
This role will require a dynamic adaptive and agile hands-on professional to ensure optimal processes in a fast-paced rapidly growing environment.
> 100% Remote currently.
Potentially Partial Remote in future <
PRIMARY FUNCTIONS/RESPONSIBILITIES:
Financial Reporting and Management:
· Instruct and oversee fund service providers (administrators, depositaries) to ensure proper performance
· Liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data
· Oversee calculation of property performance, AUM, NAV, management fees, promote allocations (fund level waterfalls) and cost recharges
· Support preparation of financial statements, investor reports, partner capital statements, presentations, questionnaires and head office management reports
· Provide deal support, including financial analysis and execution of deal cashflows
· Monitor cash and manage cash distribution process
· Allocate and review costs and expense recharges
· Manage audit and tax reporting processes
· Participate in any new Fund launches and maintain Fund dashboard and Fund track record
· Review capital call, distribution notices and cash allocation schedules
· Support on DDQ and presentations for fundraising
· Work with team to implement technology that helps automate processes for better efficiency, accuracy and consistency
Portfolio Management:
· Contribute to the valuation process, calculation of gross to net adjustments and preparation of valuation committee materials (including JV level waterfalls)
· Support investment decision process by maintaining fund models, proving scenario/sensitivity analysis, key property and financial metrics and KPIs
· Support budgeting and forecasting process with calculation of management fees and promote
· Support risk management processes with qualitative and quantitative fund data
Treasury:
· Cash management, including oversight of fund reserves and cash requirements
· Manage fund level debt facilities (drawdowns, repayments, covenants, extensions)
QUALIFICATIONS:
Education/Experience:
· Bachelor’s Degree; Accounting, Finance, Business Administration or a similar field
· Licensed CPA (active of inactive) preferred
· 6-9 years of relevant professional experience including public accounting (Big 4 preferred) and/or fund accounting experience
· Strong understanding of business and accounting principles (US GAAP), including consolidation reporting/elimination entries
· Excellent Excel skills (to build models, templates, building macros/pivot tables)
· Real estate G/L system knowledge a plus
· Ability to assist in managing several third party relationships
General Requirements:
· Dependable, great attitude, highly motivated and a team player
· Willing to work in an energetic, collaborative and fast-paced environment, proactive in nature, and a proven ability to learn quickly, display flexibility and adaptability while resolving issues with minimal supervision
· Strong problem-solving and analytical skills
· Flexibility regarding role profile and willingness to take on new projects and learn new skills
· Outstanding communication (written and verbal), presentation, documentation, and interpersonal skills; strong customer focus
· Ability to successfully manage multiple priorities and competing demands; strong time management and prioritization skills
· High accuracy and detail orientation; confident decision-making skills
· Ability to extract meaningful information from extensive research and analysis to effectively present facts and findings in a digestible format; a keen eye for attention to detail
· Good judgment in terms of escalating issues vs.
solving problems independently
· Analytical and an ability to bring new ideas to increase efficiency of existing processes
· Comfort in dealing with ambiguity and uncertainty in a dynamic and fast-paced environment
· Strong integrity and professionalism
Job Type: Full-time
Pay: $150,000.00
– $170,000.00 per year
Benefits:
401(k)
401(k) matching
Dental insurance
Disability insurance
Flexible schedule
Flexible spending account
Health insurance
Life insurance
Paid time off
Tuition reimbursement
Vision insurance
Physical Setting:
Office
Schedule:
Monday to Friday
Supplemental Pay:
Bonus pay
Education:
Bachelor’s (Required)
Experience:
Fund Accounting: 6 years (Preferred)
Public Accounting: 3 years (Preferred)
US GAAP: 3 years (Preferred)
License/Certification:
CPA (Preferred)
Work Location:
One location
Work Remotely:
Temporarily due to COVID-19