Assistant Fund Controller #201558

Assistant Fund Controller #201558

The Assistant Fund Controller position is with a top tier Fortune 100 company. This position pays between $100 - 130K + 10-20% target bonus and is remote work from home with a requirement to go into the office when needed, meetings, etc. The company offers an outstanding corporate culture work environment along with lots of room for career advancement and a exceptional work life balance. This position can be based out of Los Angeles, CA, Dallas, TX., New York City, NY., Minneapolis, MN., or Washington D.C. areas.

We are looking for an Assistant Fund Controller for our company where you will work in an ambitious and growing environment. Under some supervision you will be responsible for the financial reporting and analytical review of the property owner entities, related taxable REIT subsidiary, joint venture entities and certain entities that invest in the JV entity. You will prepare monthly, quarterly and annual financial reporting packages and other client reporting as required. 

ESSENTIAL DUTIES & RESPONSIBILITIES:

Financial reporting packages:  

Produces financial reporting packages and other required financial information and analytics for all property related entities as required. Financial reporting packages include the preparation of workpapers for all balance sheet general ledger accounts on a monthly or quarterly basis in addition to standard financial statements. Financial statements are prepared on the reporting basis determined by the client (i.e., US GAAP - Historical Cost or Fair Value). Works with client’s auditors for interim and year end audits; helps draft annual audit report.

Monitors Financial Performance:

Compiles, analyzes, and monitors financial data by performing detailed review of monthly property owner reports including but not limited to: operating statement variance reports, aged receivables, aged payables and capital expenditures variance to budget. Responsible for calculation of debt ratios in connection with loan covenants where required.

Treasury Function:

Supports the daily activities of cash management. Prepares monthly bank reconciliations manually recording journal entries for reconciling items if needed. Reviews cash balances to avoid shortfalls, prepares capital calls or loan draws for funding when needed and requested by client. Prepares distribution waterfalls and executes distribution when required. Manages cash security deposits and major property related payments including but not limited to debt service, municipal taxes, real estate taxes and ground rent if appliable. Ensures fees payable to management company are calculated accurately and paid timely.

Risk Management: 

Supports senior team members in the management of risk and compliance activities.

Lease Administration: 

Review lease abstracts and lease recurring charge set up. Prepares escalation/CAM calculation for income budgeting/billing estimates and annual true ups.

JOB REQUIREMENTS:

Degree from a four-year college or university program with an emphasis in accounting, finance or related field required.

A minimum of three years accounting experience or equivalent combination of education and experience required. Prior experience in real estate accounting and analytics preferred. 

Solid organization skills and analytical skills a must.

Communicates clearly, effectively and concisely. Should have presentation skills, solid written and verbal communication skills.

Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an intermediate knowledge of financial terms and principles to include accounting methods: cash, accrual, and GAAP.

Ability to comprehend, analyze, interpret complex documents and problem solve.

Requires intermediate analytical and quantitative skills, solid economics, math and analytical skills and ability to apply them.

Knowledge of real estate terms, definitions, and real estate analytical methodology.  Knowledge of company financial systems as well as internal and external information sources.  Intermediate knowledge of computer software and hardware (i.e., Microsoft Office Suite Products with focus on Excel). Ability to work in multiple accounting and/or reporting software applications.

Decisions made with understanding of procedures and company policies to achieve set results and deadlines.

An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols including COVID-19 proof of vaccination when required.

Equal Opportunity Employer
Genesis Management Consulting Global is an Equal Opportunity-Affirmative Action Employer. As a company we promote and are committed to equal employment opportunities for all regardless of the persons gender, race, color, religion, ancestry, sex, age, national origin, marital status, sexual orientation, disability, Veteran status, or gender identity. If you have special needs or a disability which requires our accommodation, please make us aware when applying.