Fund Controller (Real Estate Private Equity) - Daley and Associates

Fund Controller - Boston, MA - Real Estate Private Equity

A leading Boston based real estate private equity firm with 40B in assets investing in Industrial, Multifamily & Retail is looking to hire a Fund Controller to their growing team. This individual will report directly to the Head of Investor Accounting and will be responsible for all accounting, reporting and tax compliance matters for a number of managed accounts, and will oversee, develop and direct a team of Portfolio Accountants and other accounting related personnel. 

Primary Responsibilities:

• Develop, oversee and review the work of a team of Portfolio Accountants/Assistant Controllers.

• Review of quarterly and annual audited financial statements and supporting schedules to confirm accuracy and ensure reporting is in accordance with GAAP.

• Review of property and fund level performance measurement calculations to ensure accuracy and compliance with NCREIF performance measurement standards.

• Review of calculations of quarterly income allocations based on complex Excel waterfall models to ensure accuracy and compliance with Fund/Account operating agreements.

• Review and analyze waterfall calculations to ensure accordance with joint venture agreements.

• Review of capital call and distribution calculations for investors as well as joint venture partners.

• Review of quarterly and annual tax deliverables provided to tax department and external tax preparers which may include taxable income estimates, tax waterfalls, REIT tests, and tax basis cost roll forward.

• Work with and review the work of the third-party tax professionals completing annual tax returns and other filings.

• Review acquisition and disposition entries prepared by Portfolio Accountants.

• Participate in and prepare and/or review materials for portfolio management meetings. Materials may include cash flow projections, distribution/contribution recommendations, loan to value and debt yield maintenance, and updating quarterly projected IRR models based on assumptions provided by the portfolio management team.

• Work closely with lenders, legal counsel, and the CFO on various finance related matters including releasing or substituting encumbered properties upon sale, servicing existing debt, securing new financing and paying off existing financings.

• Review all lender reporting, including quarterly and annual financial covenants and draw/paydown requests.

• Oversee ad-hoc financial modeling and other financial analysis as requested by the acquisitions, dispositions and portfolio management functions.

• Work closely with Investor Relations to respond to investor questions and requests in a timely, accurate and professional manner.

• Identify and develop process improvements in order to gain efficiencies and minimize risk of manual error.

Qualifications:

• Minimum eight years of combined experience in public accounting experience and Real Estate Private Equity, including at least three years with management experience

• CPA

• Sound understanding of US GAAP financial statements

• Strong written and oral communication skills

• Ability to work in a team-oriented environment and show a willingness to collaborate

• Leadership skills and the ability to effectively manage people and processes

• Strong project management, analytical and organizational skills

• Experience with Yardi preferred

• Strong Excel skills required

This role is a full time hybrid opportunity (3 days in 2 at home) that will offer up to 200K on a base salary, bonus, and outstanding benefits. If you are interested in this opportunity, please reach out to Vincenzo Kulturides directly at vkulturides@daleyaa.com


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