Fund Controller

TA Realty•Boston, MA

5d•$140,000 - $200,000•Onsite

About The Position

TA Realty LLC (“TA”) is among the largest and most experienced real estate investment management firms in the United States. Since inception, the firm has acquired, invested and/or managed over $40.0 billion of real estate in over 30 major U.S. markets on behalf of U.S. and non‐U.S. investors, including public, private and Taft‐ Hartley pension plans, endowments, foundations, family offices/trusts and high net worth individuals. Since its first fund, TA has successfully implemented its investment strategy through a series of 14 value‐added, closed‐end commingled funds, three core open-end funds, a data center fund and a number of customized core separate accounts. By consistently executing these strategies, it has delivered attractive risk‐adjusted returns over time, driven by an emphasis on income, diversification, prudent use of leverage and active asset management. One of the hallmarks of TA is the seasoned experience of its employees. The firm’s 24 partners have been employed by the firm for an average of 19 years with an average of 29 years of commercial real estate experience. This extensive experience includes property acquisitions, asset management, portfolio management, valuations, dispositions and finance and operations. TA’s reputation for integrity and ethics is one of its most important assets. In order to safeguard this reputation, TA believes it is essential not only to comply with relevant federal and state laws and regulations, but also to maintain high standards of personal and professional conduct at all times. The Fund Controller will report directly to the Vice President, Investor Accounting and will be responsible for overseeing all accounting, financial reporting and tax-related coordination for a portfolio of TA-managed accounts and/or separate accounts. The role includes management of a team of Portfolio Accountants and other accounting related personnel. The Fund Controller will work closely with teams across TA, including Investor Services, Corporate Accounting, Acquisitions, Asset Management, Portfolio Management, Valuations, Capital Markets, and Dispositions, as well as outside third parties, including external auditors and tax providers, consultants, investors, lenders and legal counsel.

Requirements

Minimum ten years of combined experience in public accounting and real estate private equity or real estate investment management, including meaningful fund-level responsibility
At least three years of management experience
CPA required
Strong understanding of US GAAP and fund-level financial statements
Experience with complex fund structures, joint ventures, and incentive waterfalls
Ability to research, interpret, and document technical accounting concepts and apply it to transactions
Detail-oriented, self-starter with a strong ability to manage multiple funds and deadlines concurrently
Strong written and verbal communication skills; comfortable interacting with internal stakeholders and external parties
Demonstrated leadership, sound judgment, and high professional integrity.
Ability to work in a team-oriented environment and show a willingness to collaborate
Strong project management, analytical and organizational skills
Advanced Excel skills required

Nice To Haves

Experience with Yardi preferred

Responsibilities

Develop, oversee and review the work of a team of Portfolio Accountants and Assistant Controllers.
Provide guidance, feedback, and mentorship to support professional development and deepen technical expertise.
Participate in hiring, onboarding, and ongoing training of accounting staff.
Oversee and review quarterly and annual audited financial statements and supporting schedules to confirm accuracy and ensure reporting is in accordance with US GAAP.
Maintain consistent review standards across funds to promote accuracy, completeness, and clarity of reporting.
Review accounting entries related to property acquisitions, dispositions, and financings.
Review of property and fund level performance measurement calculations, including IRR, equity multiples and income distributions, to ensure accuracy and compliance with NCREIF performance measurement standards where applicable.
Review and analyze complex Excel-based waterfall models, capital allocations, and incentive calculations in accordance with LPAs, operating agreements and joint venture agreements.
Review of capital call and distribution calculations for investors as well as joint venture partners.
Review of quarterly and annual tax deliverables provided to the tax department and external tax preparers which may include taxable income estimates, tax waterfalls, REIT tests, and tax basis cost roll forwards.
Work with and review the work of the third-party tax professionals completing annual tax returns and other filings.
Prepare/ review and present materials for portfolio management meetings, including cash flow projections, distribution and contribution recommendations, loan‑to‑value and debt yield metrics, and updates to projected IRR models.
Partner with the Capital Markets team, lenders, legal counsel, and the CFO on various finance related matters including releasing or substituting encumbered properties upon sale, servicing existing debt, securing new financing and paying off existing financings.
Review all lender reporting, including quarterly and annual financial covenants and draw/paydown requests.
Partner with Investor Services and Business Development to respond to investor inquiries related to financial statements, performance, capital activity, and accounting matters in a timely, accurate and professional manner.
Prepare/review ad-hoc financial modeling and other financial analyses requested by acquisitions, dispositions, capital markets and portfolio management.
Identify opportunities to improve accounting processes, workflows, and data consistency to enhance efficiency and minimize risk of manual error.
Serve as accounting subject‑matter expert for fund‑level accounting issues (e.g., consolidation, JV structures, debt modifications, fee arrangements).
Draft and maintain accounting memos for complex or non‑recurring transactions.