Vice President & Controller, Single-Family Rental Fund Accounting

Our Company :

Quarterra Group, Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE : LEN and LEN.B) is a multi-strategy, real estate focused, alternative asset management company comprised of two rapidly growing verticals : Multifamily and Single-Family Rental. Launched in 2011, Quarterra Multifamily, previously known as LMC, is among the nation's most active developers, builders, and managers and has been on the National Multi-Housing Council's (NMHC) annual Top 50 list for eight consecutive years. Quarterra Single-Family Rental launched in 2020 to provide individuals, couples, and families who prefer to rent over home ownership the opportunity to live in exceptional neighborhoods with great amenities. For additional information, please visit Quarterra.com.

Summary of Position :

The Vice President & Controller, Single-Family Rental Fund Accounting, will lead the financial operations for the Single-Family Rental (SFR) Fund. This key executive will oversee all aspects of the fund's financial reporting, accounting, and internal controls, including consolidation of financial results. The Director will manage the segment reporting for the SFR business unit within the company. In addition, they will be expected to collaborate with the asset management team on the disposition strategy and execution, collaborate closely with the debt team to ensure optimal financing and capital structure, and oversee the coordination and oversight of third-party property management.

Principal Duties and Responsibilities :

• Lead the financial reporting for the SFR fund, ensuring accurate, timely, and comprehensive reporting in accordance with GAAP, IFRS, and applicable regulations, including REIT compliance.
• Oversee the preparation of monthly and quarterly financial statements, investor reports, and other key financial metrics, as well as preparation of annual financial statements.
• Manage the consolidation of the SFR fund's financials, including intercompany transactions and adjustments.
• Develop and maintain effective internal controls to safeguard the fund's assets and ensure compliance with regulatory standards.
• Coordinate the preparation of tax filings and work with external tax advisors on tax planning strategies.
• Manage the fund's accounting processes, including capital calls, distributions, cash flow management, and investor reporting.
• Oversee the SFR business unit overhead, ensuring proper budgeting, forecasting, and cost management.
• Provide strategic financial insights to the leadership team regarding portfolio performance, cash management, and investment strategies.
• Oversee budgeting, forecasting, and variance analysis for the fund's financial performance.
• Work with and support the asset management team in evaluating asset performance, executing value-enhancing strategies, and providing financial analysis to inform key decisions regarding acquisitions, dispositions, and operational improvements.
• Collaborate with the debt team to optimize financing strategies, including the structuring of debt and managing lender relationships.
• Support the team with financial modeling, stress testing capital structures, and managing debt covenants.
• Collaborate with Asset Management to execute the fund's disposition strategy, ensuring timely and efficient asset sales that align with the overall investment goals.
• Work with the senior leadership team to evaluate potential exit strategies, manage sale processes (currently focused on individual homesite sales through TRS structures), and maximize value for stakeholders.
• Oversee and coordinate the performance of third-party property management firms to ensure operational efficiency, cost-effectiveness, and adherence to quality standards.
• Collaborate with third-party property managers to ensure the timely and accurate reporting of property performance, including leasing activity, maintenance, and tenant relations.
• Ensure that property management teams align with the fund's overall strategy and financial objectives.
• Lead the creation and presentation of financial reports for investors, ensuring transparency and clear communication regarding performance, fund activities, and financial position.
• Act as the key point of contact for investor inquiries and financial reporting requests.
• Ensure compliance with all applicable federal, state, and local regulations, accounting standards (including REIT guidelines) tax laws, and IFRS.
• Collaborate with legal and compliance teams to manage risk and maintain sound governance practices.

General Overview of Compensation & Benefits :

Applicants may apply for this position via our careers website.

Education and Experience Requirements :

Additional Requirements :

Physical Requirements :

This is primarily a sedentary office position which requires the Vice President & Controller to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary. #LI-KW

This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the associate. Duties, responsibilities, and activities may change at any time with or without notice.

Quarterra Group is an Equal Opportunity Employer that prides itself on diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity / assignment, pregnancy or related condition, protected status, or any other status prohibited by applicable national, federal, state or local law. Quarterra Group believes diversity and inclusion among our Associates is critical to our success and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.

Salary : $130,000 - $150,000