Beacon Resources, in partnership with our client based in Downtown Los Angeles, is seeking a Senior Fund Controller to join their real estate team. Our client is one of the largest REITs in the world. Our client possesses considerable competitive advantages over its competitors in the depth and breadth of market intelligence, research capabilities, finance sources, and cooperation with commercial leasing agents.
Our client would consider Accounting Managers or Assistant Controllers for this role.
Job Description (General) The hired Senior Fund Controller will primarily be responsible for the overall quality of the accounting, information supporting the financial reporting, maintenance of individual partners capital, and investment schedules.
The hired Senior Fund Controller will report to a Director.
Job Site Status (Remote/Mixed/Onsite) Our client would consider a fully remote person with impeccable credentials, although our opinion is that the client would strongly prefer a person who would be able to commute to their Downtown Los Angeles office a couple of days/week.
Culture/Environment The Senior Fund Controller will work in a corporate, professional environment. You will enjoy a great work/life balance and flexible work scheduling, which is not common in this industry niche.
Compensation/Benefits Salary range starts from $125,000/year and increases with experience. Our client supplements base compensation with a bonus, fringe benefits ( Company-Paid Life Insurance + Long Term Disability, Multiple HMO+PPO options, 401(k) with match) and modern workspaces.
RESPONSIBILITIES OF THE SENIOR FUND CONTROLLER
Fund Accounting
- Review full-cycle accounting of assigned portfolio of fund(s), co-investments, investments including preparation and analysis of the financial statements, and general ledgers
- Apply knowledge of accounting and tax issues to determine impact on operations and cash flows in preparing asset and fund level models
- Work closely with Financial Reporting and Financial Planning & Analysis (FP&A) to prepare and aggregate fund and investment cash flow projections and analysis
- Prepare, review and present internal financial reporting and analysis
- Assist the appraisal team regarding the investment level appraisals
- Prepare and/or review waterfall calculations
- Write up summaries and notices as needed for funds, co-investments, and joint ventures
- Work with internal and external parties to ensure the accuracy of the data gathered and the accuracy of the output from that data
Cash Management
- Sign off on bank account reconciliations
- Review capital calls for fund investors
- Manage cash balances
- Recommend cash distribution to investors
Investor Reporting
- Review financial statements for commingles funds
- Review joint venture statements
- Review individual investor financial statements
- Prepare fund accounting investor reports
Miscellaneous
- Provide information for and take part in Q&A for audits, tax preparation and appraisals
- Accept any other duties as needed
REQUIREMENTS OF THE SENIOR FUND CONTROLLER
Required
- Bachelor’s degree in Accounting, Finance, or a related field
- At least five (5) years of accounting experience
- At least one (1) year of management experience overseeing accounting professionals
- Real estate, private equity, and/or alternative investments experience
- Current or prior employment at a real estate company
- Extensive knowledge of GAAP accounting
Preferred
- Big 4 or other Public Accounting Experience
- CPA
- Fund Administration Experience
- MBA; CFA or additional designation
SKILLS OF THE SENIOR FUND CONTROLLER
Required
Technical
- Proficient in Microsoft Office, especially in MS Excel and MS Word
Interpersonal
- Deadline driven
- Exhibit leadership qualities
- Superior communication skills
Preferred
Technical
- Experience with Yardi, Yardi Forecasting or ARGUS
- Experience in Yardi, MRI, or comparable software
For immediate consideration, email your resume in MS Word format. I will hold all inquiries in the strictest confidence.