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  • Location: West LA, California
  • Remote: Remote
  • Type: Direct Hire
  • Job #743

A privately owned investment management firm specializing in acquiring industrial real estate and capital assets is looking to hire a Fund Controller. The Fund Controller will manage and review the monthly, quarterly, and annual accounting and reporting process for private investment vehicles with commercial, industrial, and studio property holdings. The core values of the Accounting department are collaboration, drive, and accountability. Each team member adds value and delivers results; they are proactive in anticipating and solving problems and thrive in a fast-paced entrepreneurial environment.
 

RESPONSIBILITIES:

The Fund Controller will oversee internal accounting staff and third-party fund administrators that maintain the books and records of private equity real estate investment vehicles. Responsibilities will include:

  • Accounting for and reconciliation of cash and real property investments 
  • Recording of purchase and sale transactions and operating income
  • Estimating and posting closing accruals
  • Calculation of management and other fees paid in accordance with governing documents
  • Review of expenses charged to each investment and investment vehicle
  • Calculating income and expense allocations to each investor and distribution waterfall based on the terms of the governing documents
  • Determining and preparing capital calls and distributions
  • Calculation of performance metrics for each investment and investment vehicle
  • Preparation and review of quarterly and annual reporting to internal management and investors
  • Treasury functions include monitoring credit facility covenant compliance, liquidity management and cash projections, review of cash transfers, and validation of payment instructions
  • Coordinating with external auditors to complete annual financial statement audits
  • Assisting with investor due diligence and reporting requests; responding to investor inquiries by providing timely and accurate responses to Investor Relations 
  • Performing other tasks as required 

SKILLS AND QUALIFICATIONS: 

  • Bachelor’s degree in Accounting or Finance, CPA is a plus
  • Minimum 8-10 years of accounting experience with a mix of public accounting and the investment management or real estate industry; fair value investment company accounting operations and reporting experience preferred
  • Excellent understanding of investment fund accounting and real estate partnership distribution waterfalls
  • Solid analytical skills, high attention to detail, and ability to detect, understand and resolve complex problems 
  • Self-motivated with a strong work ethic, sense of ownership, and follow-through
  • Great organizational skills and ability to handle complicated work efficiently and effectively
  • Ability to multi-task, prioritize work, and meet deadlines
  • Superior written and verbal communication skills 
  • Skilled at working both independently and in a team-oriented, collaborative environment
  • Proficiency in Microsoft Excel
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