Assistant Controller

New York, New York • $100,000 - $140,000

About the Company:

Our client, a leading investment manager that specialized in real estate, is looking for an Assistant Controller. The ideal candidate has experience in Management Company Accounting, Partnership accounting and Tax.

Responsibilities:

Accounting & Financial Management (both for Management Company and Managed Funds)

  • Developing sound fund controls to ensure time execution of Investor deliverables, lender deliverables, etc.)
  • Policy / Procedure development & documentation
  • Systems Integration / Implementation / Back Up
  • Compliance
  • Fund Closings

Transaction Support

  • Support deal Closings
  • Structuring / Entity Formation
  • Deal Sources & Uses
  • Ongoing Deal contribution and distribution tracking
  • Lender Compliance (New worth /Liquidity covenant tracking and reporting)
  • Interest Rate Hedging

Liquidity & Cash Management

  • Cash forecasting & Liquidity Analysis
  • Capital Calls / Distributions
  • Fund Level Sources & Uses
  • Coordinate all cash movements
  • Subscription Facility Management
  • Issuance of Letters of Credit
  • Leverage calculation

Financial reporting

  • Coordinate Quarterly and Year End Valuations and manage the Auditors
  • Coordination with Fund Administrator for Fund Financials & PCAPs
  • Contingent liability tracking and reporting
  • Investor reporting
  • Side letter compliance
  • Waterfall calculation

Legal Entity Management

  • Blocker formation / structuring / compliance / cash movements
  • Tax elections
  • Blocker capitalization

Tax & legal

  • Liaising with Tax preparers on blocker distributions and associated withholding
  • Coordinating tax returns and K1 prep (estimates and final)
  • K1 distribution process
  • Composite filing elections
  • Liaising with legal counsel of formation of entities, LPA issues, New Fund development, Co-Investments etc.

Compliance

  • Assist in the execution of compliance program that is in place for the Registered Investment advisor in coordination with CCO and third-party service provider

Requirements:

  • Bachelor’s degree
  • CPA is a plus
  • 4 -8 years of experience in accounting & operations within the Asset Management industry, ideally with a focus on closed-end fund structures in the Real Estate sector
  • Working with VBA is a plus

Compensation & Benefits:

  • $100,000 – $140,000

 

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