Assistant Fund Controller
Assistant Fund Controller
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USD 160000 - 190000
1 Vacancy
Job Description
Company Background
Founded in 1993 DivcoWest is a multidisciplinary real estate investment firm headquartered in San Francisco with offices in Los Angeles Menlo Park Cambridge Washington DC Austin and New York City. Known for our longstanding relationships and track record of success in innovative markets DivcoWest combines entrepreneurial spirit with an institutional approach.
DivcoWest aims to create environments that inspire ingenuity promote growth and enhance the health happiness and wellbeing of all people. A disciplined code of ethics is at the core of all that we do. We believe that the collective energy of a diverse team is what drives our creative ideas and solutions.
Summary
DivcoWest is looking for an Assistant Controller who will work out of our headquarter office in San Francisco. Under the supervision of the Fund Controller the Assistant Controller will perform various duties to support the monthly quarterly and annual close process along with providing tax accountants and auditors with information for the accounts assigned to them.
This role requires 3 days in office at our San Francisco CA location.
Interested candidates should send their resumes to .
Responsibilities
Daily/Weekly
- Oversee mentor and provide professional development opportunities for respective Investor Reporting team members.
- Manage and monitor liquidity of investment vehicles. Conduct investment vehicle level cash analysis cash projections/planning for investment vehicles and manage draws/paydowns on subscription facilities (as applicable)
- Approve payables/expenditure workflow NEXUS (AP system) PaymodeX/Kyriba (payment processing) & MRI (GL system).
- Identify accounting and tax issues research accounting considerations and potential conclusions consult with audit firms and tax consultants as needed.
- Oversee and review deliverables from external accounting consultants thirdparty service providers and joint venture partners to support reporting.
- Be available to respond to internal & external inquiries. Maintain relationships with investors and other stakeholders providing them with accurate and timely financial information.
Monthly
- Rollup and reconciliation of investment accounts for various Separate Account Comingled Fund Joint Ventures and/or CoInvestments.
- Oversee the preparation of monthly for various investment vehicles where applicable.
- Prepare and provide oversight where applicable to the team responsible for
- Recording monthend journal entries and facilitating the closing process.
- Balance sheet reconciliation (cash AP AR etc..
- Maintaining the general ledger and updating supporting schedules and workbooks.
Quarterly
- Lead the quarterend close process preparation and review of financial statements.
- Prepare coordinate finalization and review of quarterly investor reporting packages.
- Maintain partner capital accounts.
- Identifies cash sources and uses such as investor capital calls distributions financing draws and paydown coordination with lenders compliance reporting and general cash management.
- Prepare ad hoc reports to investors.
- Coordinate with tax accountants and advisors to ensure compliance with REIT regulations
Annually
- Prepare financials packages for auditors. This includes financial statement preparation & footnote disclosures.
- Prepare financial packages for tax accountants and review partnership tax returns.
- Be available to respond to tax & audit inquiries.
Additional Responsibilities
- Identify and implement improvements in policies and procedures.
- Work directly with Development Accounting Property Accounting Cost Accounting Corporate Accounting Investment Teams Portfolio Managers Legal Counsel Compliance Chief Accounting Officer Analytics Capital Strategies and Formation Controllers and Senior Controller on ad hoc projects.
- Oversee group level projects and collaborate with other departments on company projects and initiatives.
- Provide oversight on accounting analysis on onboarding new investment vehicles acquisitions financing and dispositions.
- Thrives in a fastpaced environment motivated by learning and teaching and values problem solving critically.
- Assess resourcing needs and actively participate in hiring and oversight of team members.
- Involved with managing investor relations and communications.
- Possess the ability to understand & interpret specific legal agreements (LP Agreements LLC Agreements Loan Agreements).
- Collaborate with Treasury to support treasury needs.
- Maintain the confidentiality of all Company procedures.
- Follow all Company Policies and Procedures.
- Comply with all Company training requirements.
- Maintain safe working environment.
- Regular attendance at the job is essential.
- Maintain a courteous helpful and professional attitude on the job. Display a willingness and ability to be responsive to all customer groups.
- May be required to provide administrative support to other personnel.
- Perform other duties as assigned in a positive and helpful manner.
Qualifications
- Bachelors degree in accounting and with 5 years accounting work experience. Real estate private equity financial services strongly preferred. Additional experience in the development multifamily spaces or debt funds is a bonus.
- Public accounting background
- CPA preferred
- Must have experience in Excel Word and Outlook.
- MRI and Juniper Square experiences are highly preferred.
- Working knowledge of partnership/fund accounting concepts.
- Must be able to evaluate significant accounting transactions; research and implement relevant accounting technical standards.
- Strong interpersonal skills and ability to create positive work environment for the team.
- Exceedingly well organized very flexible and strong follow through.
- Must be a selfstarter that is highly motivated deadline and detail oriented and understands a sense of urgency.
- Proactive resourceful efficient with strong decisionmaking skills; works independently with minimal supervision.
- Expert level written and verbal communication skills; must possess highlevel of professionalism and strong communication skills.
- Prioritize and manage multiple projects simultaneously and follow through on issues in a timely manner.
- Ability to interact with staff at all levels and personality types in a fastpaced environment sometimes under pressure.
- Detailoriented a learner and problemsolver with an active curious intellect.
The person in this position must be able to:
- Remain in a stationary position for 75 of the time working on a computer and attending virtual meetings.
- Occasionally move about the office to access file cabinets office technology and attend meetings etc.
Compensation
- $160000$190000
- Annual bonus opportunity
- Full benefits
- 401k
- Flexible vacation policy
- Weekly lunch stipend
Divco West Services LLC (Company) an equal opportunity employer is committed to equal opportunity for all employees and applicants. The Company recruits hires trains promotes pays and administers all personnel actions without regard to race color religion sex (including pregnancy childbirth and medical conditions related to pregnancy childbirth or breastfeeding) sex stereotyping (including assumptions about a persons appearance or behavior gender roles gender expression or gender identity) gender gender identity gender expression national origin age mental or physical disability ancestry medical condition marital status military or veteran status citizenship status sexual orientation genetic information or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses. Pursuant to theSan Francisco Fair Chance Ordinance we will consider for employment qualified applicants with arrest and conviction records. Please review our company Privacy Policy regarding the use of any personal information you provide us at:
This policy applies to all areas of employment including recruitment testing screening hiring selection for training upgrading transfer demotion layoff discipline termination compensation benefits and all other privileges terms and conditions of employment. This policy and the law prohibit employment discrimination against any employee or applicant on the basis of any legally protected status outlined above.
Other details
- Pay TypeSalary
- Min Hiring Rate$160000.00
- Max Hiring Rate$190000.00
Employment Type
Full-Time
