Listing Details


Interested and Qualified candidates, please submit resume to:
Sierra Olney || 401-487-4898

AVP Assistant Controller

Boston, MA


Company Overview:
Our client is a real estate investment management company known for its vertically integrated platform and experience in the multifamily sector. This platform is a people-focused investment management company with experience in U.S. residential real estate. With over 50 years of experience, they manage approximately $12 billion in real estate assets on behalf of their global institutional clients. They aspire to improve lives through expert capital stewardship and exceptional living experiences. Their reputation for innovation and prudence attracts residents in the U.S. and investors from across the nation and from around the globe.

Position Summary:
The AVP, Assistant Controller will ensure that property accounting and fund financial information is accurately captured, classified, and recorded in the form of financial statements for assigned portfolios. This position will provide timely and accurate internal and external reporting about our clients assigned financial and operational matters.

Essential Functions:
• Oversee assigned property accounting staff and review account reconciliations and financial statements prepared by them
• Oversee the monthly property and fund closing and consolidation process for their portfolios
• Analyze and understand budget to actual results for discussion with management
• Responsible for preparation and review of the quarterly financial statements and investor reports
• Monitor accounting and reporting compliance with fund partnership agreements and investor side letters
• Manage investment management fee and incentive fee calculations
• Prepare joint venture waterfall calculations, as applicable
• Manage preparation of the capital accounts, including rollforwards and the quarterly ownership recalculations, where applicable
• Manage the returns calculations (TWR or IRRs) and benchmarking, as applicable
• Responsible for calculation of distributions to noncontrolling interest partners, property distributions and fund distributions on a quarterly basis, or when applicable, for assigned portfolios
• Where applicable, perform or oversee preparation of debt covenant compliance and debt service requirements of investor loans
• Where applicable, perform the calculation of debt fair market value
• Where applicable, manage MSCI and INREV submissions and investor’s quarterly/semi-annual requests
• Oversee external audit process for assigned portfolio
• Manage third party relationships with joint venture partners or fee managed property owners, as applicable
• Manage and develop Fund Accounting staff
• Manage adherence to internal controls surrounding financial reporting disclosure and compliance, and enhance internal controls as needed
• Perform other ad hoc accounting duties as required

Job Qualification Requirements:

• Minimum of five years of experience (seven years preferred) including real estate or private equity industry
• Open End Fund/Fair value financial reporting experience preferred
• Internal controls – Registered Investment Adviser/Sarbanes Oxley experience preferred
• Experience with financial statements preparation required
• Strong analytical skills with attention to details
• Strong communication and interpersonal skills
• Meeting time sensitive deadlines and managing variable workloads

Technical/ Educational Requirements:
• Bachelor’s degree in accounting required
• Strong computer skills and ability to adapt to technology changes
• CPA license and public accounting experience preferred

• Team Player: Works well as a member of a group
• Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well

5+ years
Licenses & Certifications:
Certified Public Accountant