Assistant Controller, Real Estate and Secondaries

H.I.G. Capital•New York, NY

10d•Onsite

About The Position

Firm Overview: H.I.G. Capital is a leading global private equity investment firm with $70 billion of assets under management with a focus on the mid cap segment of the market. The H.I.G. family of funds includes private equity, growth equity, real estate, direct lending, special situation credit, and growth-stage healthcare. We focus on providing capital to businesses with attractive growth potential and align ourselves with committed management teams and entrepreneurs to help grow businesses of significant value. Our team of over 500 investment professionals has substantial operating, consulting, technology, and financial management experience, enabling us to contribute meaningfully to our portfolio companies. H.I.G. is based in Miami, with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco, and affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, and Paris in Europe as well as Bogotá, Rio de Janeiro, and São Paulo in Latin America, Dubai in the Middle East, and Hong Kong in Asia. Role Overview: We are seeking a Real Estate & Secondaries Assistant Controller who will be based in our New York City office. The successful candidate will be joining in a senior capacity to manage and oversee several real estate private equity funds, a newly launched secondaries fund, and real estate credit fund, including working with both a local and offshore team as well as the fund administrator. The candidate will be working with complex fund structures and investments and with several deal teams. The candidate will be intimately involved in defining how the team operates on a day-to-day basis and building a successful and motivated team. The candidate will also be responsible for reviewing and approving the monthly and/or quarterly accounting close and financial reporting processes related to the Funds. The candidate will have the opportunity to lead high profile projects building out the accounting and operational infrastructure of the Platform to become best in class. The selected candidate will work with teams across the organization, including the Investment, Operations, Valuation, Tax, Investor Services, Treasury, and Capital Formation Teams, in carrying out the accounting, financial, and investor reporting responsibilities of the Funds. This will provide the candidate with a broad range of exposure to different aspects of the business and create great networking opportunities.

Requirements

Undergraduate or Post-Graduate degree in Accounting required.
7-10 years of experience related to alternative investments in private industry (e.g., hedge fund, private equity, bank, administrator, etc.) or public accounting.
Takes full ownership and accountability of work product and leads by example in areas of attitude, attention to detail, urgency, process improvement and quality of work.
Demonstrates strong problem-solving abilities with a self-motivated, proactive approach; applies critical thinking and analytical skills with a high level of attention to detail, and brings creative, “out-of-the-box” solutions to complex challenges.
Superior planning and organizational skills.
Strong understanding of private equity style funds and fund accounting concepts.
Capable of persuasive written and oral communications by presenting complex issues and recommendations in a clear, concise and logical manner.
Strong leadership and management skills, with the ability to train, mentor, and collaborate effectively with both in-house and offshore accounting teams.
Ability to interpret and analyze complex legal documents, deal structures and financial transactions.
Maintains a positive, team-oriented mindset with a hands-on approach and a willingness to “roll up sleeves” to deliver high-quality results under tight deadlines.
Demonstrates the ability to manage multiple priorities in a dynamic environment, adapt quickly to changing workloads, and proactively communicate with senior leadership when competing demands arise.
Excellent verbal and written communication skills, with the ability to build effective working relationships across departments and collaborate with individuals at all levels of experience.
Strong Excel skills.
Solid understanding of Investment Company financial reporting required.
Experience with real estate private equity, private equity, secondaries, credit instruments.

Nice To Haves

CPA preferred.
Macro/VBA skills – a plus.
Knowledge or exposure to Investran and/or Virtual Portfolio Manager (“VPM”) or similar portfolio accounting system – a plus.

Responsibilities

Working closely with the Investment teams daily to ensure the accounting books and records are accurate.
Train and supervise both an onshore and offshore team
Ensure teams are continually provided with challenging opportunities to expand and grow their careers
Ensure offshore personnel are a successful extension of our team.
Research and propose potential solutions to improve process and reporting efficiency to discuss with senior team members and technology teams
Assist with the validation of any enhancements to system reports and/or implemented functionality.
Participate in monitoring all investments and analyzing the related performance
Engage directly with the investment professionals to handle multifaceted inquiries.
Responsible for the review and approval of the quarterly financial reports, compliance and investor reporting for all assigned Funds.
Ensuring compliance with the Funds' governing documents as well as GAAP, credit facility, and SEC requirements.
Determining appropriate accounting decisions based on research done on new/proposed accounting guidance.
Responsible for managing the liquidity of the Funds to assist with IRR optimization to LPs.
Monitor the deal pipelines for several funds and cash availability from fund credit facilities.
Interpret correctly and be able to review and provide feedback on fund legal agreements (PPMs, LPAs and investor letters).
Model new waterfalls, management fee and carried interest calculations and other fund-specific calculations for new structures.
Review call/distribution calculations and notices, credit line draw/paydown notices, partner capital statements and quarterly investor letters/reporting, and liaise with Investor Services team in the delivery of such to investors.
Coordinate and summarize responses to periodic investor requests/questions.
Assist in the quarterly review in conjunction with the valuation team in determining fair value of investments.
Ensure changes in valuation period-over-period are supported and documented.
Identify key drivers of Fund profitability and be able to analyze and explain actual results compared to prior projections or periods.
Provide senior management with timely updates of periodic projections of overall performance, key Fund events as well as escalate issues requiring immediate attention.
Plan and execute the year-end audit for assigned funds.
Interact with Tax Team to ensure that all tax information is compiled properly.
Assist in managing external stakeholder relationships for assigned Funds, including credit facility providers, banks and auditors.
Handle and oversee more complex features or elements of assigned Funds, including Fund rebalancing/equalization; foreign currency hedges and derivatives; and carried interest clawback and IRR sensitivity analyses.
Assist with special projects and internal ad-hoc requests and undertake broader team and/or office initiatives.