Controller
Controller - Private Equity (Job Number: 1316452)
Description
Ensure timely, accurate accounting for all investment financial activity and apply financial and accounting expertise to identify and analyze investment variances and trends. The position also involves review and analysis at the portfolio level as well as participation in reporting to all internal and external clients.
Responsibilities:
Accounting and Investment Analyses: Participate, supervise and review the monthly joint venture property level accounting and reconciliation process Perform quarterly review to ensure that client/partner investment values are properly accounted for in accordance with governing agreements and waterfall structures Perform financial analysis and support of the Hold/Sell decision making process Support the quarterly and annual investment value estimation process by preparing valuation schedules and communicate to client Prepare or review asset management, acquisition and incentive disposition fee calculations Review and validate IRR and Time-weighted calculations for joint venture investments and portfolio composites Manage annual IRR reconciliation process with client trust companies Process separate account income distributions and coordinate timely monthly distributions with asset management department for all investments; ensure distributions are in accordance with governing joint venture agreements Process all separate account funding requests Manage JV partner relationships Review and approve sale and refi settlement sheets and calculate distribution according to waterfalls Review and approve wire transfers for client and fund accounts Review and obtain a thorough understanding of governing organizational and JV agreements Provide supervision of staff
Reporting and Performance Analysis: Compile, verify, and ensure accuracy of quarterly financial data and quarterly financial reports provided to clients Coordinate the aggregation and compilation of data from internal systems and resources for the quarterly report process. Validate data points and calculations Update financial data slides in quarterly PowerPoint report files Maintain and modify MRI financial reports
Fund Level Accounting and Reporting: Support Chief Accounting Officer in preparation of Fund financial statements Provide support for consultant and investor reporting needs Understand and prepare REIT asset and income tests
Audit Coordination and Support: Assist with audit planning and financial statement preparation of all client accounts Coordinate preparation of investment level audit reconciliations and client assistance Assist CAO with tax requests for JV level returns and other ad-hoc requests
Qualifications
Qualified candidates typically have:
Bachelor's degree in Accounting
6+ years accounting experience required, public accounting preferred, CPA preferred
Real estate accounting experience with property management or real estate advisory company experience required
Preferred knowledge of performance computations (AIMR time-weighted returns, NCREIF property returns, IRRs)
Strong analytical and financial skills
Strong interpersonal, written and oral communication skills
Proficient with Microsoft Office products
Knowledge of MRI or comparable real estate software packages preferred
Primary Location: Plymouth Meeting, PA, US
Internal Jobcode: 10010
Job: Investment Management
Organization: Urdang Capital Mgmt-HR06157
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