Real Estate Fund Controller | Private Equity Firm | Semi-Remote NYC

Real Estate Fund Controller | Private Equity Firm | Semi-Remote NYC

A successful real estate investment firm is seeking a Fund Controller to assume responsibility for all accounting aspects related to investment and fund management. This firm has a focus on commercial and residential properties, including office buildings, retail spaces, and luxury residential complexes. Ideal candidate will have a combination of fund accounting expertise and fund related property accounting understanding.

Responsibilities:

Fund Accounting

• Oversee daily cash transactions, capital calls and distributions, and investor commitments.
• Prepare waterfalls for partnership allocations and ensure accurate promote calculations.
• Compile audited GAAP financial statements.
• Produce and maintain accurate monthly workpapers, including documenting monthly journal entries for investments, covering interest income, fee amortization, loan draws, and distributions.
• Record journal entries for interest income, fee amortization, expense accruals, and cash transactions.
• Collaborate with cross functional teams in treasury and asset management on cash-related matters.
• Work with external audit consultants and tax professionals.
• Review fund formation and loan agreements.
• Analyze and compile financial data and metrics for quarterly investor reports.

Property Accounting

• Review 3rd party management workpapers.
• Review development requisitions for classification and backup.
• Monitor third-party property manager cash transactions and bank reconciliations.
• Classify capitalized costs are appropriately coded to proper cost codes.

Requirements:

• Bachelor degree in Accounting or relevant discipline. Advanced degree and/or CPA a plus.
• 5+ years fund and property accounting experience.
• Exceptional teamwork skills, with the ability to effectively coordinate and collaborate with multiple departments.
• Comfort and proficiency in supervising and training staff, promoting a supportive and growth-oriented work environment.
• Proficiency with Microsoft Office Suite and sophisticated accounting software.

Salary: $175,000 - $215,000 base salary + bonus, 401k match, comprehensive health benefits, PTO and many other valuable perks.

The above salary range represents Advice's good faith and reasonable estimate of the possible base compensation range at the time of posting and is not reflective of the total compensation package, which may also include benefits, equity and other non-cash incentives.

Please send your resume for immediate consideration to: EBelkin@adviceny.com

If this particular role isn't the ideal fit, please feel free to forward your resume to the email above to explore other available opportunities. Please also feel free to share this posting with anyone in your network who might be open to learning more. Referrals are always appreciated!

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