Real Estate Fund Controller

Bristol Group, Inc.

Bristol Group, Inc. is a San Francisco-based real estate investment and development firm with a nationwide commercial real estate portfolio. The firm owns approximately 10 million square feet of commercial real estate consisting of industrial, retail, office, mixed-use, multi-family, single family for rent and self-storage properties located throughout the United States. Bristol Group is currently investing its funds and growing its team of strong real estate professionals.

Position: Fund Controller

Bristol is seeking a Fund Controller to provide full life-cycle accounting and support for a portfolio of commercial real estate properties in Bristol’s private real estate investment Funds and separate accounts. The Fund Controller position requires a highly motivated individual with extensive financial and accounting experience with commercial real estate investments and fund accounting, as well as fair value financial reporting. The candidate must have the ability to work independently and be able to quickly assume the duties of the position. The Fund Controller will be involved with all day to day accounting functions, budgeting, forecasting and financial reporting for a portfolio of commercial property investments in one or more of Bristol’s private real estate investment Funds.

The Fund Controller will work with the CFO and other professional staff on a variety of property level and fund level matters. The position reports directly to the CFO, as well as the Executive Director and Managing Partner.

The position is full-time and requires the individual to be physically in our downtown San Francisco office a minimum of 3 days a week. Recognizing the challenges of commuting for work, yet also understanding the benefits of in-person collaborative work, Bristol has adopted a hybrid work model where employees are in-office Monday, Tuesday and Thursday and optional remote work Wednesday and Friday.

Apply:

Please send resume with cover letter to:

position@bristolgroupinc.com

Attn: Fund Controller Position

Start: Immediately

Primary Responsibilities

The Fund Controller is responsible for all aspects of the accounting and financial reporting for a portfolio of investments in Bristol’s separate accounts and private real estate Funds. Property types include: industrial, retail, office, multi-family, self-storage, and development projects. Responsibilities include: 

• Monthly Accounting - Perform detailed review of monthly operating reports (third-party prepared) for each of the Fund’s real estate investments and other assigned properties, perform budget versus actual variance analysis, direct external property management on accounting matters and assist in optimizing the profitability and cash flow of the properties.
• Budgeting & Forecasting – Coordinate, review and implement annual operating budgets and business plans for the Fund and assigned properties. Work with the accounting team to forecast income, cash flow, liquidity, and other financial information.
• Quarterly Reporting – Prepare, review, and edit quarterly reports to investors and consultants including full financial statements, narrative financial commentary, footnotes, and other financial performance information.
• Fund/JV Investment Waterfalls – Continuously maintain cash distribution and preferred return waterfalls for Fund and investments that are joint-venture owned.
• Performance Reporting - Prepare and analyze a variety of Fund level and property level performance returns; report and discuss performance with the CFO, and the Firm’s Executive Team. Work with the accounting team and other professional staff on financial projections, financial modeling, and sensitivity analyses.
• Year End Audits and Tax Returns - Interface with external auditors and tax return preparers and be responsible for all phases of the annual financial audit, including coordination of audit work papers. Review and file externally prepared annual tax returns.
• Assist in computing cash distributions to investors and maintain waterfall calculations for the Fund and various joint venture investments.
• Interface with outsourced third-party property management personnel which run the day-to-day operations of each property.
• Perform complete controller function for closing of property acquisitions and dispositions, including assisting in financial due diligence.
• Assist the accounting team in the continued improvement of Firm best practices and Yardi Voyager information system platform.
• Perform additional duties as directed by the Firm’s Managing Partner, Executive Director and CFO. This list of duties and responsibilities is not all inclusive and may be expanded to include other responsibilities as management may deem necessary from time to time.

Qualifications

•  BS degree in Accounting or Finance; CPA preferred.
• Public accounting experience (2-3 years minimum).
• 2-3 years’ experience in real estate investment accounting - Fund level and property level.
• Strong GAAP accounting background, including fair value accounting.
• Tax familiarity desired.
• Strong proficiency with computer information systems. Experience with Yardi Voyager software is a plus.
• Strong proficiency with Excel and Word.
• Excellent written and verbal communication skills.
• Professional, detail oriented self starter and team player that is able to work well independently, as well as with others. Must be able to multi-task and pick up tasks quickly.
• Strong analytical and organizational skills required.