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Fund Controller

Location
Chicago, Illinois
Job Type
Permanent
Posted
1 Aug 2022
Posted
21-Jun-2022
Service line
Advisory Segment
Role type
Full-time
Areas of Interest
Accounting/Finance, Investment Management
Location(s)
Chicago - Illinois - United States of America, Dallas - Texas - United States of America, Los Angeles - California - United States of America, Minneapolis - Minnesota - United States of America, New York City - New York - United States of America, Washington, D.C. - District of Columbia - United States of America

JOB SUMMARY

Fund controller for a medium sized fund or a number of smaller funds or separate accounts. Performs accounting and reporting including set up and accounting for multi-tier investment entities. Prepares monthly, quarterly and annual portfolio level consolidated financial statements and other client reporting. Responsible for preparation of fund level reporting and coordination of client equity contributions and distributions. May support new business initiatives.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Financial Statement & Budgets:

Produces fund financial statements and other required financial information including but not limited to investor funded and unfunded commitments, asset accrual methodology and output. Provides qualitative analysis and comments. Maintains shareholder registries. Prepares periodic financial statements and assists with audit and tax preparation and audit review. Performs budgeting, forecasting and reporting activities. Assist in preparing client presentations relating to fund financials. Completes in an accurate and timely manner.

Monitors Financial Performance:

Monitors, compiles and analyzes financial data. Performs detailed review of monthly or regular property level reports, and may provide a forward-looking view to senior team members. Assists with reviewing periodic P&L calculations at the fund and investor levels.

Treasury Function:

Operates the daily activities of the treasury, cash management and accounting function of the fund. Reviews and signs-off on property level bank account reconciliations. Posts journal entries and money movement transactions. Ensures all fund transactions are properly posted to accounting system. Prepares and reconciles trial balances for assigned funds. Assist in discussion with banks and financial institutions, assist with handling financing arrangements and execution of loan agreements. In the US, prepares investment and positions reconciliations and daily reconciliation of cash balances. Performs periodic asset payment, cash and corporate action reconciliations.

Customer Service:

Executes on processes and procedures, and constantly provides feedback on process improvement. Performs administrative tasks as required. Troubleshoots escalated issues and ensures internal and external customer requests are handled timely, accurately and with a focus on customer service.

Systems Implementation:

Participates in systems testing and implementation-related tasks. Provides data, information and has in-depth supporting role in an audit process.

Special Projects:

May participate in special projects including new fund set-up and fund closures.

Other Duties:

Performs other duties as assigned

SUPERVISORY RESPONSIBILITIES

Will have formal supervisory responsibilities in this position. Provides informal assistance such as technical guidance, and/or portfolio-specific training to others.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and EXPERIENCE

Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. A minimum of five years accounting experience or equivalent combination of education and experience required. Prior experience in fund level accounting preferred with real estate accounting or fund accounting software systems.

CERTIFICATES and/or LICENSES

Certified Accountant qualifications in relevant jurisdictions.

FINANCIAL KNOWLEDGE

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 full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis. Solid technical financial skills and knowledge of GAAP, FASB, REIS, IFRS, and in-region/in-country standards.

REASONING ABILITY

Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires intermediate analytical and quantitative skills.

OTHER SKILLS and/or ABILITIES

Solid economics, math and analytical skills and ability to apply them and in the pursuit of diverse situations. 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). Ability to work in multiple accounting software applications.

SCOPE OF RESPONSIBILITY

Decisions made with general understanding of procedures and company policies to achieve set results and deadlines. Responsible for setting own project deadlines. Errors in judgment may cause short-term impact to clients, co-workers and supervisor.

CBRE is an equal opportunity/affirmative action employer with a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

NOTE: An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing.
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Details

  • Job Reference: 673990791-2
  • Date Posted: 1 August 2022
  • Recruiter: CBRE
  • Location: Chicago, Illinois
  • Salary: On Application
  • Sector: Accounting
  • Job Type: Permanent