Controller, Real Estate Fund Accounting
$135,000–$175,000 year
On-siteLos Angeles, California, United States
Job Summary
Review full-cycle accounting for assigned real estate fund portfolios, including co-investments and investments, by preparing and analyzing financial statements, general ledgers, subsidiary ledgers, budgets, and cash flow projections. Manage month-end close activities such as eliminations, accruals, invoice approvals, and reconciliations while supporting fund-level lender reporting, covenant calculations, and distribution/waterfall analysis. Collaborate cross-functionally with portfolio oversight, tax, treasury, and auditors to ensure data integrity throughout the investment lifecycle, assist in new investment onboarding, and oversee third-party service providers. Apply knowledge of complex fund structures and legal agreements to calculate incentive allocations and performance returns.
Required Qualifications
- Bachelor's Degree in Accounting, Finance or related field
- 7-10 years of related experience
- Knowledge of various asset classes, including open and closed-end real estate fund structures (subsequent closes, capital calls, distributions), PE fee structures (management fees and carried interest) valuation approaches (NAV), accounting and reporting processes
- Prior Fund accounting experience including preparation/reviews full-cycle accounting of assigned portfolio of fund(s), co-investments, investments including preparation and analysis of the financial statements, general ledgers, subsidiary ledgers in Yardi platform
- Working knowledge of PE accounting ledger and associated hands on Yardi system experience
- Must be proficient in Microsoft Office (i.e. Excel Pivot Tables, Sum-If, V-Lookups etc)
Desired Qualifications
- Big 4 or other Public Accounting Experience (preferred)
- CPA (preferred)
- MBA, CFA or additional designation a plus
- Ability to build and implement new workflow and procedures working across multiple stakeholder groups
- Strong written and verbal communication skills
- Ability to solve practical problems and continuously identify new ways to improve processes
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