Real Estate Fund Controller - Charlotte & Cleveland

Real Estate Fund Controller (Charlotte and Cleveland) - $500b investment & advisory solutions firm, a competitor of Blackstone, seeks a fund controller to manage to service providers and internal accountants. Private equity experience required and client will teach you the nuances of RE. Up to $150 base + bonus. Relocation bonus of up to 10k paid in 30 days and a keep whole bonus considered. Position will start remotely until convenient move to above location made. After one year of employment, client will sponsor for Green Card.

The Client

Our client, working out of 23 offices in 14 countries, is a rapidly growing Global Private Markets firm that provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With ~$500b of total capital allocations, including ~$150 billion in AUM, they are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

Position Overview

The Fund Controller will join a dedicated Fund Accounting team responsible for tracking investment activity, managing the cash and accounting activity of investment vehicles, supporting investor reporting, and assisting clients. The Fund Controller will focus on providing clients with transparency through best-in-class accounting and reporting services.

Essential Job Functions

The Fund Controller will be responsible for management and oversight of the day-to-day accounting and financial statements of a portfolio of fund partnership vehicles focused on real estate investments. The Fund Controller will work directly with the Fund administrators and the other Controllers of RE Fund Accounting. The Fund Controller will review the work of the fund administrators and of staff level team members.

Manage and oversee a portfolio of funds, which includes but is not limited to:

  • Review work prepared by the fund administrator; Tracking and reconciliation of investment cash flow activity; Recording and/or reviewing accounting entries in the company’s accounting and reporting systems; Reviewing and reconciling cash and investment accounts with General Partner reports; Reviewing of investment partnership reports; Inputting and reconciliation of capital account activity; Review and/or prepare quarterly unaudited and annual audited financial statements in accordance with GAAP; Coordinate preparation of annual audits with outside CPA firm; Compute partner allocations and produce capital account statements; Manage process for delivering quarterly and annual investor reports and other ad-hoc communications; Review performance reports prepared by the SPAR team; Calculate and distribute investor capital call and distribution notices; Understand partnership agreements and interpret reporting requirements and partner economics; Calculate management fees, distribution waterfalls and carried interest; Corresponding with General Partners regarding accounting/reporting questions, or other issues, as necessary; Corresponding with underlying investors regarding questions, requests, etc.; Respond to investor requests in a timely manner; Perform other duties as requested or as responsibilities dictate

Perform Treasury management functions, including

  • Review and/or approve wire templates and wires; Monitor the Fund’s cash positions and prepare cash projections as needed; Manage the Fund’s line of credit facilities, including arranging borrowings and repayment, quarterly compliance certificates, review of interest and unused fee calculations

Perform other duties as required, including but not limited to:

  • Review of K-1s and support for tax reporting and analysis of tax matters; Set up of new Funds, including obtaining EIN, tax filings, opening bank accounts; Support for the Compliance team, including preparation of materials for ADV, Form PF, SLT, etc.; Support the investment team in the closing of transactions, including responding to information requests, review of allocations, review of reporting requirements and other support and analysis as needed

Education and/or Work Experience Requirements:

  • Experience with accounting for private equity partnership, fund of funds and/or Real Estate fund accounting

  • CPA and/or MBA Preferred

  • A Bachelor’s Degree in Accounting with 5-7 years' professional accounting experience

  • Ability to multi-task and manage priorities against fast-paced key deadlines

  • Ideal candidates will have experience with SEC registered investment advisors

  • Must be able to work independently but contribute to a team-oriented environment

  • Previous experience with Investment Company Accounting and ASC 820 (FAS 157) and FIN 48

  • Strong Microsoft Excel experience

  • Experience training and managing junior professionals and reviewing the work of others

Other Desired Skills/Attributes:

  • Strong written and verbal communication skills

  • Ability to maintain strict confidentiality of client, investment and company information

  • Ability to problem solve and leverage technology

  • Acute attention to accuracy and detail

  • Professional demeanor and an ability to work well in a team environment

  • Highly proficient in using Excel, Word, and other Microsoft office programs

  • Willingness and ability to learn and implement new programs and processes

Join us

When you choose to work at our client, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.

Disclaimer / Policy Statements

At our client, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.

Developing People

Your employment will also be subject to various firm policies and guidelines, including return to workplace guidelines for your office (which require, where legally permitted, all U.S. employees to have their vaccinations against COVID-19 up to date in order to enter one of our offices or attend a firm-sponsored event).