Company Overview:
Our client is a real estate investment management company known for its vertically integrated platform and expertise in the multifamily sector. This organization is a people-focused investment manager with national experience in U.S. residential real estate. With over 50 years of experience, they manage approximately $27 billion in real estate assets on behalf of their global institutional clients. Our client aspires 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 Overview:
The Assistant Controller will ensure that debt investment 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 related to financial and operational matters for assigned Debt Funds.

Responsibilities:
• Oversee assigned debt investment accounting staff (including offshore team) and review account reconciliations and financial statements prepared by them;
• Oversee the monthly debt investment and Fund/Account closing and consolidation process for their portfolios, which includes bond accounting (including interest income, principal payments and amortization of discounts), loan accounting (including interest income, capitalized or deferred interest and principal payments), warehouse and securitization accounting (including interest expense, principal payments to bondholders and amortization of costs and discounts associated with each debt instrument);
• Analyze and understand financial performance vs expectations for discussion with senior executives;
• Responsible for preparation and review of the quarterly financial statements and investor reports;
• Monitor accounting and reporting compliance with Fund/Account partnership agreements, investor side letters and debt instrument agreements;
• Manage investment management fee and incentive fee calculations;
• Prepare joint venture waterfall calculations, as applicable;
• Manage preparation of the capital accounts, including roll-forwards and the quarterly ownership recalculations, where applicable;
• Manage the returns calculations (TWR or IRRs) and dividend yields;
• Responsible for calculation of distributions to general and limited partners, noncontrolling interest partners, debt investment distributions and Fund/Account distributions on a monthly/quarterly basis, or when applicable, for assigned portfolios;
• Ability to forecast and manage capital calls, credit facility usage, acquisitions, financings, and operating cash flow to maximize portfolio and partnership returns;
• Help oversee and review the quarterly track record process;
• Able to effectively use information technology systems and software to solve complex problems, address accounting needs and business issues, and generate operating efficiencies;
• Where applicable, perform or oversee preparation of debt covenant compliance and debt service requirements of investor loans;
• Where applicable, manage INREV calculations, submissions and investor’s quarterly/ semi-annual requests;
• Oversee external audit process for assigned portfolios;
• Work collaboratively and effectively with all groups within the organization, taking a lead role in fostering that dialogue;
• Manage third party relationships with custodians, servicers, trustees, partners, joint venture partners, etc.;
• Manage and develop 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;
• Consistently demonstrate use of tact and discretion.

Qualifications:
• Minimum of five years of experience (seven years preferred) including credit, private equity or real estate industry;
• Debt Funds/Real Estate Funds and fair value financial reporting experience preferred;
• Internal controls – Registered Investment Adviser;
• Experience with financial statement preparation required;
• Strong analytical skills with attention to details;
• Strong communication and interpersonal skills;
• Meeting time sensitive deadlines and managing variable workloads;
• Yardi experience preferred.

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