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VP/Controller-Real Estate Equity

Recruiting Resources, Inc.

VP/Controller-Real Estate Equity

Los Angeles, CA
Full Time
Paid
  • Responsibilities

    Reputable global firm based in Los Angeles is looking for a sharp VP/Controller for the Real Estate Equity Accounting team. The Controller will be responsible for day-to-day oversight of multiple funds and manage an external fund administrative team. Fund structures may include commingled equity and debt closed and open-ended funds, joint ventures and separate accounts. 

    >Currently 100% Remote - Potential Partial Remote Opportunities Post Pandemic< 

    RESPONSIBILITIES: 

    Financial Reporting and Management

    • 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 cash flows

    • Instruct and oversee fund service providers (administrators, depositaries) to ensure performance is in line with agreed service levels

    • Liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data

    • 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

    • Help maintain manager fund track record

    • Maintain fund dashboard

    • Review capital call and distribution notices and cash allocation schedules 

    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) 

    The individual will be expected to build strong working relationships across the Real Estate operations (deal team, service providers). The role will have a broader responsibility to oversee certain functions depending on their level of skill and experience, as the Real Estate Group is looking to implement more automation (data and processes) to capture and analyze property and financial data. 

    QUALIFICATIONS: 

    • Bachelor’s Degree

    • Licensed CPA (active or inactive) preferred 

    • 8-12 years of relevant professional experience including public accounting (Big 4 preferred) and/or fund accounting experience

    • Real estate G/L system knowledge a plus

    • Excellent Excel skills (to build models, templates, building macros/pivot tables).

    • Ability to work independently in a fast-paced, high growth environment.

    • Dependable, great attitude, highly motivated, team player and strong work ethic.

    • Ability to assist in managing several third-party relationships.

    • Strong understanding of business and accounting principles (US GAAP), including consolidation reporting/elimination entries.

    • Excellent verbal and written skills; ability to analyze and summarize complex information both verbally and in writing.

    • Strong problem-solving and analytical skills.

    • Ability to multi-task and prioritize/manage deadlines.

    • Excellent organizational and interpersonal skills.