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  • New York, NY

Assistant Controller

Global Asset Management -Public REIT

Great opportunity for a CPA with REIT Accounting experience  to join a leading Global Asset Management firm’s Real Estate Division as the Assistant Controller of their first non-traded REIT and SEC reporting filer. This is a new role, reporting to the Controller who is smart and a great mentor to guide you and help support and enhance the business.

Key Responsibilities

Responsible for the execution, settlement, accounting treatment and reporting for real estate investments. This includes communication and coordination with the investment team, fund administrators, internal counsel, and other infrastructure groups to acquire a deep understanding of each transaction. This is utilized in preparation of complex trade entries which ensures clerical accuracy, adequate controls, and appropriate support documentation.
Review profit & loss analytics on real estate investments for the Real Estate Funds and prepare quarterly investment performance track records which are utilized in the reporting package distributed to investors.
Responsible for preparation and review of the Funds’ monthly close process which includes review of accruals, fund allocations, investor incentive allocations/carry and waterfalls, as applicable, and reconciliation to the 3rd party administrator. Collaboration with internal Infrastructure groups such as Financial Reporting, Valuations, Fund Operations, Investor Reporting, Compliance, Tax, Investor Relations is imperative to support quarterly NAV close process.
Assist in the maintenance, compilation and/or review of selected portfolio data, which are disclosed in the NTR’s SEC filings.
Responsible for the preparation and review of the NTR’s consolidated financial statements (i.e., Forms 10-K/Qs, 8Ks, MD&A and other disclosures) under the historical GAAP basis of accounting using Wdesk, and stand-alone portfolio financial statements, as applicable. For new transactions, assist in the preparation of pro forma and other financial disclosures. This includes coordination with the Funds’ external auditor to facilitate quarterly or interim reviews and year-end audit requests.
Assist in the development and documentation of processes and procedures in the accounting and financial reporting function, including leading improvements to processes where warranted.
Identify, escalate and address with senior management areas of operational inefficiencies. Work with senior leaders and the internal Technology group in preparation, and implementation of a business plan to address the identified workflow inefficiencies.

Required Qualifications:

Minimum Bachelor’s degree in Accounting or Finance
Approximately 6+ years of financial accounting/reporting and/or audit experience in publicly or non-publicly traded REITs, private real estate companies and/or private equity entities that invest in traditional and non-traditional real estate such as office, retail, industrial, residential, ski resorts, hotels, and golf resorts, among others.
Strong knowledge of historical GAAP and investment company accounting, partnership accounting and the investor capital allocations process
Knowledge of complex fund and Special Purpose Vehicle structures
Experience in Private or Real Estate Investment transaction operations and accounting
Knowledge of fund investor capital and profit & loss allocations process including calculation of Fund Waterfalls.
Excellent Excel skills

Preferred Qualifications

CPA License
Knowledge of Geneva/Advent
Knowledge in Wdesk

Base Salary Range: $150,000.00 – $180,000.00 + bonus up to $40,000

Benefits include free lunch and gym

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