Fund Controller
About The Position
We are seeking a highly skilled accounting and finance professional to oversee joint venture (JV) financial operations for a large-scale real estate investment platform. This role will manage JV-level budgeting, forecasting, cash management, capital accounts, debt compliance, investor reporting, and acquisition/disposition accounting. The ideal candidate will have deep expertise in real estate accounting, strong technical GAAP knowledge, and experience managing complex JV structures. A CPA designation is highly preferred. This role is hybrid, with one day per week remote, following an interim period.
Requirements
- Bachelor’s degree in Accounting or Finance; CPA highly preferred.
- 5-7 years of progressive accounting experience, with at least 3 years in real estate or private equity JV structures.
- Strong technical knowledge of GAAP and JV accounting principles.
- Experience with budgeting, forecasting, and financial modeling.
- Proficiency in Yardi, MRI, Kardin, or similar real estate systems.
- Excellent analytical, organizational, and communication skills.
- Ability to manage multiple priorities in a fast-paced environment.
Nice To Haves
- Familiarity with REIT compliance and regulatory requirements.
- Experience with debt covenant monitoring and lender reporting.
- Advanced Excel and financial modeling capabilities.
- Exposure to investor reporting and performance metrics (IRR, MOIC, equity multiples).
- Strong understanding of JV agreements and promote structures.
Responsibilities
- Prepare Annual Business Plan, Operating Budget, and Capital Budget for investor review and approval.
- Consolidate property-level budgets into JV-level budgets and perform variance analysis and reforecasting.
- Prepare capital call calculations and issue notices per JV agreement.
- Manage JV, HoldCo, and SPE bank accounts, cash flow forecasting, and liquidity planning.
- Participate in distribution waterfall calculations and promote mechanics.
- Review property-level accounting prepared by third-party managers for GAAP and investor compliance.
- Coordinate on cash forecasting, budget adherence, TI/LC accounting, and reimbursement processes.
- Maintain capital accounts per GAAP, tax rules, and JV agreement.
- Track investment tranches, capital balances, preferred returns, and promote tiers.
- Participate in covenant testing, lender reporting, and draw requests.
- Monitor escrow accounts and ensure compliance with financing agreements.
- Prepare quarterly investor reporting packages, including financial statements, variance analysis, capital account statements, and JV performance metrics (IRR, MOIC, equity multiples).
- Support financial integration of new acquisitions, including opening balance sheets and bank setups.
- Manage final accounting at disposition, including sale allocations, reserve releases, and promote crystallization.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Number of Employees
501-1,000 employees
