Assistant Fund Controller #201586

Assistant Fund Controller

The Assistant Fund Controller position is with a top-tier Fortune 100 company. This position pays between $90 - 130K + 5-20% target bonus. Position is remote work from home with a requirement to go into the office when needed, estimated 1-2 days in office. The company offers an outstanding corporate culture with lots of room for career advancement and an exceptional work life balance. The position can be based out of Los Angeles, CA., Dallas, TX., New York City, NY., Minneapolis, MN., Chicago, IL., or Washington D.C. areas.

We are looking for an Assistant Controller to join a new team responsible for supporting a large client. The individual will help shape a new operating model in partnership with the client that promotes technology driven efficiency and controlled processes. Given the fund structure is relatively new to the market, our ambition is to become the operations and accounting industry leader for this type of fund. The Assistant Controller will be part of a dedicated client service team. The team will be responsible for both investment level and consolidated fund level accounting and reporting deliverables. This individual will be responsible for the investment level financial reporting and analytical review of the property owner entities, related taxable REIT subsidiary, joint venture entities and other related structures. Both the fund and this team are expected to grow significantly over the coming years.

Job Description:

Essential duties and responsibilities:

Financial reporting packages:
Produce 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:
Prepares monthly bank reconciliations and records 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. 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.
• Experience with Non Traded REITs, Public REITs and/or open ended funds a plus.
• 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, with Yardi platform experience strongly preferred.
• 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.