Deputy Controller

A New York based multi-strategy commercial real estate (‘CRE”) investment platform is looking to hire a Deputy Fund Controller due to growth to be responsible for financial modeling, financial reporting and other accounting & finance functions, and be an integral part in building out the finance team underneath them.

JOB RESPONSIBILITIES

• Manage the company’s accounting operations, financial reporting and compliance functions.
• Monitor cash flows, manage fund liquidity, including lines of credit, and warehouse facilities, and oversee capital calls, distributions, interest income and overhead expenses.
• High level review of asset level valuations provided by third party valuation agent.
• Review of monthly, quarterly, and annual reports, including financial statements, capital call and distribution notices, capital account statements, and ad hoc reports.
• Compiles and analyzes financial information.
• Assist in reviewing quarter end financials and conducting monthly variance analysis.
• Answers accounting and financial questions by researching and interpreting data.
• Prepare and respond to financial/performance related investor inquiries and requests for reports.
• Modeling expertise of IRR, equity multiple, carried interest, waterfalls, investor rebalancing, subsequent investor closings and other performance related metrics prevalent in Private Equity funds.
• Build and work on fund models that incorporate capital calls, distributions, fees and other fund-specific cash flows.
• Analyze fund performance against target metrics and conduct scenario analyses to assess potential returns and risks under various assumptions.
• Prepare financial analyses and reports to support strategic decision-making by senior management.
• Collaborate with the investor relations team to provide fund performance data and projections for existing and prospective investors.
• Work with legal and finance teams to interpret LPAs and accurately reflect provisions in financial models.
• Train, mentor, and develop accounting staff, fostering a collaborative and high-performance work environment.
• Liaise with other departments including asset management, legal, investment, and finance teams.

JOB REQUIREMENTS

• Bachelor’s Degree or higher in Accounting or Finance. CPA or CMA certification preferred.
• 5 - 10 years’ experience with Private Equity, Fund Administration, or equivalent combination of education and experience.
• Ability to calculate complex figures and amounts such as discounts, interest, commissions, proportions, percentages, Gross and Net IRR, Equity multiples, management fees, carried interest.
• Ability to analyze complex financial data, identify trends, and make recommendations for improvement.
• Advanced proficiency in Excel, including complex formulas, macros, and financial modeling techniques.