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Assistant Controller

Boston, MA 02108

Posted: 11/16/2023 Employment Type: Direct Hire/Perm Job Category: Accounting & Finance Job Number: 579547 Is job remote?: No Country: United States

Job Description

A real estate organization in Boston, MA seeks an Assistant Controller to join their growing team.

Assistant Controller
Direct Hire
2 days onsite in Boston

Vaccination Requirements: none

Must Haves:
  • Management experience
  • Fund accounting/reporting & investor reporting experience
  • Real Estate or similar industry experience
  • Debt experience
  • Yardi experience
Job Summary/Description:
  • Oversee assigned debt investment accounting staff (including offshore team) and review account reconciliations and financial statements prepared by them.
  • Oversee the monthly debt investment and Fund/Account closing and consolidation process for their portfolios, which includes bond accounting (including interest income, principal payments and amortization of discounts), loan accounting (including interest income, capitalized or deferred interest and principal payments), warehouse and securitization accounting (including interest expense, principal payments to bondholders and amortization of costs and discounts associated with each debt instrument).
  • Analyze and understand financial performance vs expectations for discussion with senior Executives.
  • Responsible for preparation and review of the quarterly financial statements and investor reports
  • Monitor accounting and reporting compliance with Fund/Account partnership agreements, investor side letters and debt instrument agreements.
  • Manage investment management fee and incentive fee calculations.
  • Prepare joint venture waterfall calculations, as applicable.
  • Manage preparation of the capital accounts, including roll-forwards and the quarterly ownership recalculations, where applicable.
  • Manage the returns calculations (TWR or IRRs) and dividend yields.
  • Responsible for calculation of distributions to general and limited partners, noncontrolling interest partners, debt investment distributions and Fund/Account distributions on a monthly/quarterly basis, or when applicable, for assigned portfolios.
  • Ability to forecast and manage capital calls, credit facility usage, acquisitions, financings, and operating cash flow to maximize portfolio and partnership returns.
  • Help oversee and review the quarterly track record process.
  • Able to effectively use information technology systems and software to solve complex problems, address accounting needs and business issues, and generate operating efficiencies.
  • Where applicable, perform or oversee preparation of debt covenant compliance and debt service requirements of investor loans.
  • Where applicable, manage INREV calculations, submissions, and investor’s quarterly/semi-annual requests.
  • Oversee external audit process for assigned portfolios.
  • Work collaboratively and effectively with all groups within the organization, taking a lead role in fostering that dialogue.
  • Manage third party relationships with custodians, servicers, trustees, partners, joint venture partners, etc.
  • Manage and develop staff.
  • Manage adherence to internal controls surrounding financials.
  • Consistently demonstrate use of tact and discretion.
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