VP Fund Controller

Company Overview

A private, institutional real estate investment management firm with approximately $6B in assets under management is seeking a senior fund accounting leader to oversee financial reporting, controls, and investor reporting for a large, open-ended real estate fund.

The firm invests across multifamily, industrial, self-storage, retail, and office assets and partners with institutional investors nationwide. This role sits at the center of fund operations and works closely with executive leadership, investment teams, and third-party service providers.

Role Overview

The VP, Fund Controller will lead all fund-level accounting, financial reporting, NAV oversight, and compliance for a flagship open-ended real estate fund (~$4B NAV). This individual will manage internal accounting staff and oversee an outsourced fund administrator while ensuring accuracy, transparency, and compliance across complex real estate structures.

This is a hands-on leadership role with direct responsibility for fund reporting, audits, investor deliverables, and internal controls.

Key Responsibilities

Fund Accounting & Reporting

• Oversee fund-level accounting, NAV calculations, and quarterly/annual close for an open-ended real estate fund
• Coordinate closely with an outsourced fund administrator to ensure accurate and timely reporting
• Issue complete and timely financial statements and investor reports
• Manage capital activity tracking, management fees, and fund-level budgeting/forecasting

Compliance & Controls

• Ensure compliance with REIT regulations, debt covenants, and investor reporting requirements
• Oversee fund audits and tax filings in partnership with third-party auditors and tax advisors
• Maintain and enhance internal accounting policies, procedures, and controls
• Monitor taxable income, REIT qualification metrics, and dividend requirements

Transactions & Portfolio Oversight

• Ensure proper accounting for acquisitions, dispositions, joint ventures, and complex fund structures
• Review loan agreements, JV agreements, and transaction documentation for accounting implications
• Support treasury, liquidity planning, and cash flow forecasting

Leadership & Management

• Manage and develop internal accounting staff
• Oversee outsourced service providers (fund administrator, tax, audit)
• Drive process improvements and operational efficiencies across fund accounting

Target Profile / Required Qualifications

• CPA required
• Bachelor’s degree in Accounting (strong academic background)
• 10 years of progressive accounting experience, ideally within:
• Real estate investment management
• Private equity or real estate funds
• Public accounting with fund or real estate audit experience
• Deep expertise in:
• Fund-level accounting and NAV calculations
• Investor reporting and capital activity
• Managing third-party fund administrators
• REIT compliance and debt covenant oversight
• Proven experience managing audits, tax filings, and complex real estate transactions
• Strong Excel and financial analysis skills
• Collaborative, hands-on leader who thrives in a lean, high-impact environment

Why This Opportunity

• Senior leadership role with direct influence on fund performance and investor reporting
• Exposure to a high-value, diversified real estate portfolio
• Stable platform with strong institutional backing and high employee retention
• Opportunity to partner closely with executive leadership and investment teams

Job Type: Full-time

Pay: $170,000.00 - $225,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Application Question(s):

• Have you directly overseen NAV calculations and investor reporting for an open-ended or commingled real estate fund?
• Are you currently local to the DMV area and/or in process of relocating?
• How many years of experience do you have in real estate fund accounting or investment management environments?

Education:

• Bachelor's (Required)

Experience:

• Accounting: 9 years (Required)
• REIT: 1 year (Required)
• public accounting: 1 year (Preferred)

License/Certification:

• CPA (Preferred)

Ability to Commute:

• Bethesda, MD (Required)

Work Location: Hybrid remote in Bethesda, MD

Salary : $170,000 - $225,000