Assistant Fund Controller - PE/Credit - Atlas Search : Job Details

A leading commercial real estate (CRE) investment manager is seeking a Deputy Controller to support financial modeling, reporting, and accounting functions. This role will play a critical part in ensuring the accuracy of the Fund's financial reporting process. Responsibilities include analyzing and reconciling detailed financial information, maintaining fund reporting from inception to close, and resolving discrepancies.

The firm specializes in a multi-strategy CRE investment platform, including originating and securitizing Agency, CMBS, and Bridge senior mortgages, investing in subordinate debt, and opportunistically acquiring CMBS/Agency tranches and distressed whole loans. With over $35 billion in CRE investments closed by the management team, this firm is a recognized leader in the industry.

• Assist the Controller in managing accounting operations, financial reporting, and compliance functions.
• Oversee relationships with Fund Administrators and auditors, addressing all accounting-related inquiries.
• Monitor cash flows, manage fund liquidity, and oversee capital calls, distributions, and operational expenses.
• Conduct high-level reviews of asset valuations provided by third-party valuation agents.
• Review and analyze financial reports, including monthly, quarterly, and annual statements, and other ad hoc reports.
• Prepare and analyze financial statements detailing assets, liabilities, and capital, and summarize financial positions.
• Collaborate with Fund Administrators to complete quarterly closes and ensure timely reconciliation of general ledger and bank accounts.
• Provide information to support regulatory audits and tax filings, ensuring accuracy and compliance.
• Research and interpret financial data to answer accounting-related questions and provide recommendations.
• Maintain and monitor key schedules, including capital schedules, preferred returns, and fund waterfalls.
• Assist with the annual audit process and manage financial reporting for internal and external stakeholders.
• Model and analyze fund performance metrics (IRR, equity multiples, carried interest) and conduct scenario analyses.
• Collaborate with investor relations to provide performance data and projections for investors.
• Ensure compliance with legal and financial provisions by interpreting limited partnership agreements (LPAs).
• Mentor and develop accounting staff, fostering a collaborative work environment.
• Work cross-functionally with asset management, legal, investment, and finance teams.
• Perform other duties as assigned.

• Bachelor's Degree or higher in Accounting or Finance (CPA or CMA preferred).
• 5-10 years of experience in Private Equity, Fund Administration, or a related field.
• Strong understanding of GAAP, financial reporting, and internal controls.
• Proficiency in financial modeling, including complex calculations such as IRR, equity multiples, management fees, and carried interest.
• Advanced Excel skills, including complex formulas, macros, and financial modeling techniques.
• Strong analytical skills with the ability to interpret and present financial data effectively.
• Exceptional attention to detail, organizational skills, and the ability to manage multiple priorities and meet deadlines.
• Strong written and verbal communication skills.
• Self-motivated and able to work independently as well as collaboratively in a team environment.

Mid-Senior level

Full-time

Accounting/Auditing and Finance

Venture Capital and Private Equity Principals, Financial Services, and Real Estate