(310) 878-3272
info@pacificexecutives.com
Assistant Controller
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Publicly-traded asset management firm in West LA is looking for an Assistant Controller for their real estate equity accounting team and is responsible for day-to-day oversight of multiple funds and managing an external fund administrative team. Fund structures may include commingled equity and debt closed and open-ended funds, joint ventures and separate accounts.
Responsibilities:
- Financial Reporting and Management
- Instruct and oversee fund service providers (administrators, depositaries) to ensure performance is in line with agreed service levels
- Liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data
- Oversee calculation of property performance, AUM, NAV, management fees, promote allocations (fund level waterfalls) and cost recharges
- Support preparation of financial statements, investor reports, partner capital statements, presentations, questionnaires and head office management reports
- Provide deal support, including financial analysis and execution of deal cashflows
- Monitor cash and manage cash distribution process
- Allocate and review costs and expense recharges
- Manage audit and tax reporting processes
- Participate in any new Fund launches
- Help maintain manager Fund track record
- Maintain Fund dashboard
- Review capital call and distribution notices and cash allocation schedules
- Support on DDQ and presentations for fundraising
- Work with team to implement technology that helps automate processes for better efficiency, accuracy and consistency
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- Portfolio Management
- Contribute to the valuation process, calculation of gross to net adjustments and preparation of valuation committee materials (including JV level waterfalls)
- Support investment decision process by maintaining fund models, proving scenario/sensitivity analysis, key property and financial metrics and KPIs
- Support budgeting and forecasting process with calculation of management fees and promote
- Support risk management processes with qualitative and quantitative fund data
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- Treasury
- Cash management, including oversight of fund reserves and cash requirements
- Manage fund level debt facilities (drawdowns, repayments, covenants, extensions)
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Education:
- Bachelor’s Degree required in Accounting, Finance, Business Administration or a similar field
- Licensed CPA (active of inactive) preferred
- 6-9 years of relevant professional experience including public accounting (Big 4 preferred) and/or fund accounting experience
- Strong understanding of business and accounting principles (US GAAP), including consolidation reporting/elimination entries.
- Advanced excel experience strongly preferred
- Ability to assist in managing several third party relationships
- Excellent Excel skills (to build models, templates, building macros/pivot tables).
- Real estate G/L system knowledge a plus
- Dependable, great attitude, highly motivated and a team player
- Strong problem-solving and analytical skills.
- Flexibility regarding role profile and willingness to take on new projects and learn new skills
- Outstanding communication (written and verbal), presentation, documentation, and interpersonal skills; strong customer focus
- Ability to successfully manage multiple priorities and competing demands; strong time management and prioritization skills
- High accuracy and detail orientation; confident decision-making skills
- Ability to extract meaningful information from extensive research and analysis to effectively present facts and findings in a digestible format; a keen eye for attention to detail
- Good judgment in terms of escalating issues vs. solving problems independently• An analytical mind and a passion/interest in bringing new ideas to increase efficiency of existing processes
- Must possess strong integrity and professionalism