We are seeking a detail-oriented, intellectually curious, and experienced candidate to fill the position of Controller to oversee the financial operations of an open-ended real estate investment fund. This role is pivotal in ensuring accurate and timely financial reporting, managing the relationship with the fund administrator, and maintaining robust oversight of fund-level cash operations. Additionally, this position will oversee the financial reporting for several smaller separate accounts and/or closed-end funds. 

The ideal candidate is a Certified Public Accountant (CPA) with 8–10 years of experience with several years in the real estate investment industry, including direct experience with open-ended funds. This is the ideal growth opportunity for a seasoned Assistant Controller or Fund Admin Manager. 

Key Responsibilities

Fund Oversight & Administration – Open-end Fund

• Supervise and review financial activities of the open-ended fund, including daily, monthly, and quarterly reconciliations and reporting prepared by the fund administrator.
• Serve as the primary point of contact for the third-party fund administrator, reviewing all deliverables for accuracy and completeness.
• Evaluate and oversee NAV calculations, investor allocations, and performance metrics.
• Oversee and run the annual audit, being the direct point of contact for the audit team, ensuring accurate and timely deliverables

Financial Reporting & Client Statements – Closed-end Funds

• Coordinate, prepare, and review quarterly and annual financial statements for closed-end real estate funds, ensuring compliance with GAAP and applicable standards.
• Prepare or review client capital account statements, ensuring timeliness and accuracy.

Cash and Liquidity Management

• Maintain detailed oversight of fund-level cash flows, including capital calls, distributions, investment funding, and operating expenses.
• Collaborate with Portfolio Management and Asset Management teams to forecast cash needs and ensure liquidity adequacy.
• Analyze cash needs and draw on line of credit as needed. Maintain and track borrowings and be the main point of contact with the lender.

Process & Controls

• Enhance financial reporting frameworks, internal controls, and documentation procedures.
• Lead or contribute to process improvements and implementation of best practices within the finance function.

Team Collaboration

• Partner with senior management, legal, compliance, and investor relations teams to support fund operations and reporting requirements.
• Assist with external audits and regulatory compliance reporting as needed.

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