Fund Controller | Boston MA | Real Estate Private Equity Fund

Fund Controller - Boston, MA - Real Estate Private Equity

Our team is working with a leading real estate private equity fund based in Boston, looking to hire a Fund Controller for their growing team. The Fund Controller will oversee a team of Portfolio Accountants and Assistant Controllers responsible for fund and property-level accounting, financial reporting, and investor deliverables across a real estate investment platform. The position requires deep expertise in US GAAP, complex fund structures, performance measurement, waterfall calculations, capital activity, and tax reporting, while serving as a key partner to portfolio management, capital markets, investor relations, and executive leadership. The individual will review audited financial statements, oversee fund performance metrics, support financing and capital transactions, and act as the accounting subject matter expert on complex transactions and technical accounting matters.

This role is a full-time hybrid (3 days in 2 at home) position that will offer between 180-200K base, bonus, profit share, & 100% benefits. If you are interested in this opportunity, please reach out to Vincenzo Kulturides directly at vkulturides@daleyaa.com 

 

• Develop, oversee, and review the work of a team of Portfolio Accountants and Assistant Controllers.

• Participate in hiring, onboarding, and ongoing training of accounting staff.

• Oversee and review quarterly and annual audited financial statements and supporting schedules to confirm accuracy and ensure reporting is in accordance with US GAAP.

• Review accounting entries related to property acquisitions, dispositions, and financings.

• Review of property and fund level performance measurement calculations, including IRR, equity multiples, and income distributions, to ensure accuracy and compliance with NCREIF performance measurement standards where applicable.

• Review and analyze complex Excel-based waterfall models, capital allocations, and incentive calculations in accordance with LPAs, operating agreements, and joint venture agreements.

• Review of capital call and distribution calculations for investors as well as joint venture partners.

• Review of quarterly and annual tax deliverables provided to the tax department and external tax preparers, which may include taxable income estimates, tax waterfalls, REIT tests, and tax basis cost rollforwards.

• Prepare/ review and present materials for portfolio management meetings, including cash flow projections, distribution and contribution recommendations, loan?to?value and debt yield metrics, and updates to projected IRR models.

• Partner with the Capital Markets team, lenders, legal counsel, and the CFO on various finance-related matters, including releasing or substituting encumbered properties upon sale, servicing existing debt, securing new financing, and paying off existing financings.

• Partner with Investor Services and Business Development to respond to investor inquiries related to financial statements, performance, capital activity, and accounting matters

• Prepare/review ad-hoc financial modeling and other financial analyses requested by acquisitions, dispositions, capital markets, and portfolio management.

• Serve as an accounting subject matter expert for fund-level accounting issues (e.g., consolidation, JV structures, debt modifications, fee arrangements)

Qualifications:

• Minimum ten years of combined experience in public accounting and real estate private equity or real estate investment management, including meaningful fund-level responsibility

• At least three years of management experience

• CPA required

• Strong understanding of US GAAP and fund-level financial statements

• Experience with complex fund structures, joint ventures, and incentive waterfalls

• Experience with Yardi preferred