What are the responsibilities and job description for the Fund Controller position at Confidential?
FUND CONTROLLER
Job description
A private real estate investment firm focused on debt strategies is seeking a Fund Controller to oversee the financial operations and reporting of its funds. The successful candidate will be responsible for the following:
· Oversee the accounting records for investment funds and related special purpose entities (SPEs), including preparing and reviewing journal entries, maintaining general ledgers, performing account reconciliations, and resolving accounting variances.
· Monitor portfolio activity to ensure compliance with fund investment parameters, financing arrangements, and internal guidelines.
· Manage fund liquidity by forecasting cash needs, tracking capital availability, monitoring unfunded commitments, and overseeing borrowing capacity.
· Direct daily treasury operations, including cash positioning, wire transfers, payment processing, and vendor disbursements.
· Prepare and review fund allocation models, calculate investor distributions, analyze cash requirements, and provide recommendations for capital distributions.
· Coordinate capital activity, including investor contributions and distributions, while serving as a primary point of contact for related communications.
· Oversee third-party fund administrators by reviewing deliverables, supplying supporting documentation, and ensuring timely completion of reporting requirements.
· Review quarterly and annual financial reports for accuracy, completeness, and compliance with applicable accounting standards.
· Lead the annual audit process and coordinate with external auditors and independent accounting firms throughout the engagement.
· Supervise external tax advisors in the preparation and filing of partnership tax returns, investor tax reporting, and Schedule K-1s.
· Ensure adherence to regulatory, financial reporting, and fund governance requirements, with all filings and reporting completed on schedule.
· Respond to investor inquiries regarding fund performance, financial results, accounting matters, and projected cash activity.
· Develop, enhance, and maintain accounting policies, internal controls, and operational procedures to support efficient fund administration.
Requirements
- Bachelor’s degree in accounting, finance, or related field (CPA preferred)
- Minimum 4 years of fund accounting experience
Compensation: $200,000/year plus annual bonus and benefits
Pay: $200,000.00 per year
Benefits:
- Health insurance
- Paid time off
Work Location: Hybrid remote in New York, NY 10001
Salary : $200,000