Assistant Controller​/Controller, Finance & Accounting

Company Overview

Our client is a Chicago-based investment firm that targets domestic core-plus to value-add real estate opportunities via commingled funds, separate accounts, and joint venture structures. Since 1996, the firm has sponsored more than 15 real estate equity and debt investment programs and completed 587 real estate equity and debt transactions on behalf of investors, representing $5.9B in equity capital commitments and nearly $14.6B in gross investment value.

In credit, the firm has originated 167 loans to date aggregating more than $2.2B in commitments. Our client is dedicated to creating value for its investors and offers a range of investment opportunities nationwide across various property types (primarily industrial and multifamily).

The Assistant Controller/Controller, Finance & Accounting will help to oversee fund-level accounting and finance processes of the equity funds. This position will be responsible for preparing financial statements for a fund(s) and its investment entities as well as working with the accounting and asset management teams in managing the fund operations. The Assistant Controller/Controller, Finance & Accounting will be primarily accountable for the accurate and timely accounting and reporting for their assigned portfolio and will be a key point of contact for all business and other functional teams as it relates to their assigned fund(s).

The ideal candidate must have a strong technical accounting background, be comfortable and confident navigating through new and complex accounting matters, possess outstanding communication and writing skills, be attentive to details and deadlines, be able to prioritize and manage multiple tasks while working in a team environment. This position will be one of the firm’s primary reviewers of property-level monthly and quarterly financial statements and supporting work papers.

• Prepare quarterly fund financial reports and annual audited financial statements in accordance with GAAP, including fair value accounting, footnote disclosures, and debt compliance, for two private multifamily/industrial real estate funds, including 15+ underlying joint ventures
• Manage fund and property-level cash operations, ranging from cash logs, wire/ACH transfers, and revolving credit line borrowings/paydowns to 12-month cash flow budgets and sizing of capital contributions and distributions (including waterfall calculations) for asset management and management committee approval
• Review monthly third-party property financial reports, working with asset managers, property accountants, and property managers on variance analysis and adjustments
• Coordination with all other teams:
• Asset Management for ongoing observance of property operations, including cash requirements, annual budget updates, quarterly internal reporting presentations, quarterly partner update letters, and disposition/other memos
• Portfolio Management to calculate, analyze, and report fund- and investment-level performance returns, prepare quarterly internal and semiannual external fund presentations, and advise on executing the strategy of the fund
• Acquisitions to understand timing, structure, cash commitments, treasury needs, and reporting requirements of upcoming transactions
• Capital Markets to project and execute capital transactions as well as work through placement of fund and property-level debt
• Investor Relations for quarterly reporting and ad hoc investor requests
• Oversee team of senior and staff-level accountants and provide review over their accounting responsibilities including booking journal and manual check entries, maintaining accrual and receivable schedules, completing bank reconciliations, generating audit, tax, and investor requests, and updating Juniper Square investor database
• Create acquisition entries, including FAS 141 allocations and financings, and disposition entries, including gain calculations, across all equity investment transactions
• Direct activities of 15+ principal-ownership entities, including contributions, distributions, and valuations
• Oversee corporate-level accounting operations for in-house legal team,…