Deputy Controller

OVERVIEW

Our client is seeking a Deputy Controller to assist with financial modeling, financial reporting and other accounting functions and will provide a key role in maintaining the accuracy of the Fund’s Financial reporting process. Responsible for analyzing and reconciling detailed financial information received from the Fund Administrator to internal documentation as assigned. Maintains all aspects of the Fund’s reporting from start to close. Researches and resolves discrepancies and accounting errors. Completes related reports, summaries, and records. The position will report to the Controller and will be based in New York, NY (hybrid or in-office work environment, depending on organizational needs).

Our client is a New York based commercial real estate (‘CRE”) investment platform that originates and securitizes Agency, CMBS and Bridge senior mortgages, invests in subordinate debt including mezzanine loans, B-Notes and preferred equity, LP/GP equity and opportunistically buys CMBS/Agency tranches including B-pieces & performing & distressed whole loans. With 50 years of collective debt and equity experience, the key members of Basis management team have originated and closed in excess of $35 billion of CRE investments.

JOB SCOPE & RESPONSIBILITIES

• Assist the Controller in managing the company’s accounting operations, financial reporting and compliance functions.
• Manage the Fund Administrator and auditor relationship, addressing all accounting related questions.
• 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.
• Analyzes financial information detailing assets, liabilities, and capital, and ability to prepare balance sheet, profit and loss statement, and other reports to summarize current and projected company financial position.
• Compile and analyze financial information.
• Assist in reviewing quarter end financials and conducting monthly variance analysis.
• Liaise with Fund Administrator to complete quarterly close and timely reconciliation of GL and bank accounts.
• Gathers and provides information to support regulatory audits and tax filings.
• Ensures that information is complete, accurate and timely and in accordance with company guidelines.
• Answers accounting and financial questions by researching and interpreting data.
• Protects organization's value by keeping information confidential.
• Assumes responsibility for the accurate and timely completion of assigned accounting functions.
• Review and monitor key schedules, including capital schedules, preferred return & interest calculations and fund waterfalls.
• Assist with annual audit process.
• 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.
• Completes accounting functions in accordance with established policies and procedures.
• 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.
• Performs other job-related duties as assigned.

JOB SKILLS & KNOWLEDGE:

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.
• Strong understanding of GAAP, financial reporting, internal controls
• Excellent written and verbal communication skills.

Proficient in Microsoft Office Suite or similar software.

Advanced proficiency in Excel, including complex formulas, macros, and financial modeling techniques.

Excellent analytical skills with ability to independently solve problems.

Attention to detail. Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; Ability to manage multiple assignments simultaneously.

Self-motivated worker with the ability and flexibility to work in a dynamic, team setting as well as independently.