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Keller Augusta · 5 days ago

Assistant Controller/Controller, Finance & Accounting

Chicago, IL

Full-time

Onsite

Senior Level

$150K/yr - $175K/yr

6+ years exp

Keller Augusta is a Chicago-based investment firm specializing in real estate opportunities. They are seeking an Assistant Controller/Controller, Finance & Accounting to oversee fund-level accounting processes and prepare financial statements for equity funds, while managing cash operations and coordinating with various teams.

CommercialConsultingReal EstateRecruiting

Responsibilities

Prepare quarterly fund financial reports and annual audited financial statements in accordance with GAAP, including fair value accounting, footnote disclosures, and debt compliance, for two private multifamily/industrial real estate funds, including 15+ underlying joint ventures

Manage fund and property-level cash operations, ranging from cash logs, wire/ACH transfers, and revolving credit line borrowings/paydowns to 12-month cash flow budgets and sizing of capital contributions and distributions (including waterfall calculations) for asset management and management committee approval

Review monthly third-party property financial reports, working with asset managers, property accountants, and property managers on variance analysis and adjustments

Coordination with all other teams:

Asset Management for ongoing observance of property operations, including cash requirements, annual budget updates, quarterly internal reporting presentations, quarterly partner update letters, and disposition/other memos

Portfolio Management to calculate, analyze, and report fund- and investment-level performance returns, prepare quarterly internal and semiannual external fund presentations, and advise on executing the strategy of the fund

Acquisitions to understand timing, structure, cash commitments, treasury needs, and reporting requirements of upcoming transactions

Capital Markets to project and execute capital transactions as well as work through placement of fund and property-level debt

Investor Relations for quarterly reporting and ad hoc investor requests

Oversee team of senior and staff-level accountants and provide review over their accounting responsibilities including booking journal and manual check entries, maintaining accrual and receivable schedules, completing bank reconciliations, generating audit, tax, and investor requests, and updating Juniper Square investor database

Create acquisition entries, including FAS 141 allocations and financings, and disposition entries, including gain calculations, across all equity investment transactions

Direct activities of 15+ principal-ownership entities, including contributions, distributions, and valuations

Oversee corporate-level accounting operations for in-house legal team, including budgeting, cash flow projections, accounts payable, and profit-sharing plan oversight

Serve as the Risk Steward on parent company’s Risk Management Committee, including documenting and maintaining compliance with risk management guidelines and coordinating investment-level policy renewals and corporate-level GPL coverage

Qualification

AccountingGAAPFund AccountingREIT StructuresFinancial ReportingMicrosoft OfficeCommunication SkillsProblem-SolvingOrganizational SkillsTeamworkAttention to Detail

Required

Bachelor's degree in Accounting, Master's degree and/or CPA preferred

Approximately of 6+ years' professional experience in accounting, preferably with a large public accounting firm with a focus on private real estate clients

Strong technical accounting background

Strong command of fund and real estate accounting concepts

Understanding of generally accepted accounting principles (GAAP) as it relates to fair market value of real estate and fund accounting

Familiarity with GAAP research tools and the FASB codification

Knowledge of and experience with REIT structures and taxation

Effective problem-solving skills and sound judgement

Excellent written and verbal communication skills

Ability to function in a team-oriented setting and respond well to constructive criticism

Strong organizational skills and the ability to perform and prioritize multiple tasks with a high attention to detail

Tenacity toward meeting deadlines, with a strong sense of urgency and good self-management discipline

Ability to work accurately and efficiently

Motivated self-starter with excellent communication and interpersonal skills; role reports to CFO and consistently engages with upper management, partners, and investors

Team player who works well independently as well as with others; directly oversees a team of junior accountants and interacts with all other teams

Extremely organized multitasker with great attention to detail

Strong sense of accountability for quality of own work and the work of the team

Ability to think creatively and to take the lead in solving problems

Proficient in Microsoft Office products (Excel, Word, PowerPoint, Teams, and Outlook)