Fund Controller

The Fund Controller will lead all aspects of fund- and JV-level accounting, financial reporting, and investor reporting for multiple real estate investment vehicles, with a primary focus on commingled funds investing in residential real estate portfolios through debt and equity investments. This role will work closely with asset management, acquisitions, and leadership, and will be both strategic and hands-on. The Fund Controller is responsible for building scalable processes, ensuring GAAP compliance, delivering timely and accurate reporting, and serving as a primary point of contact for investor financial matters. The ideal candidate has extensive experience in real estate fund accounting, particularly with commingled fund structures, understands complex residential real estate investment structures, has direct exposure to real estate equity accounting, possesses working knowledge of real estate loan accounting and debt compliance reporting, and thrives in a high-growth, entrepreneurial environment.

The ideal candidate has deep experience in fund accounting for real estate investments, understands complex JV structures, and thrives in a high-growth, entrepreneurial environment.

RESPONSIBILITIES:

Fund and JV Accounting

• Provide hands-on oversight and execution of fund/JV accounting for residential real estate portfolios, scaling processes, enhancing investor communications, and influencing finance strategy. 
• Lead the preparation and review of quarterly and annual financial statements for real estate funds, JVs, and other investment vehicles in accordance with US GAAP.
• Manage accounting for multiple fund & JV vehicles, including tracking capital contributions, preferred returns, promote calculations, and waterfalls.
• Account for equity investments in SFR portfolios, including property acquisition cost allocations, valuation adjustments, and performance tracking.
• Oversee real estate loan accounting processes, including tracking loan balances, interest accruals, amortization schedules, covenant compliance, and lender reporting requirements.
• Coordinate and review capital calls, distributions, and investor notices.
• Maintain fund-level general ledgers, supporting schedules, and reconciliations.
• Lead annual fund audits and manage relationships with external auditors and tax preparers. 
• Ensure compliance with partnership agreements, accounting standards and investor reporting obligations. 

Investor Reporting

• Prepare and review quarterly investor reporting packages, including financials, performance metrics, and portfolio summaries. 
• Service as the financial point of contact for investors and JV partners, addressing inquiries and providing analysis.
• Partner with internal stakeholders to improve the clarity, timeliness, and presentation of reporting packages. 

Process & Technology

• Drive automation and system enhancements to streamline fund accounting and reporting.
• Evaluate and implement new tools, systems, and reporting methodologies to support scalability. 
• Partner with product, technology, operations and investment teams to integrate data and improve accuracy. 

QUALIFICATIONS:

• Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred).
• 7+ years of accounting experience, with at least 3 years in fund accounting for real estate private equity, investment funds or similar firms.
• Proven track record managing complex JV structures and waterfall calculations.
• Experience with real estate debt & equity accounting, particularly for large-scale SFR & MFR portfolios, including acquisition, stabilization, and disposition phases.
• Strong understanding of GAAP, partnership accounting, and financial reporting requirements.
• Experience managing and developing accounting teams.
• Proficiency in accounting software and advanced Excel skills.
• Exceptional attention to detail, organizational skills, and ability to meet tight deadlines.
• Strong communication skills and the ability to work cross-functionally.