Assistant Fund Controller

CBRE Group, Inc   •  

New York, NY

Industry: Real Estate & Construction

  •  

8 - 10 years

Posted 66 days ago

This job is no longer available.

ESSENTIAL DUTIES AND RESPONSIBILITIES


Participates and/or leads all aspects of internal and external property and client transitions. Works with other internal teams in handling special requirements as defined in the Management Agreement and scope of services in the Financial Services Agreement.


Troubleshoots escalated issues and ensures internal and external customer requests are handled timely, accurately and with a focus on customer service. Creates a positive customer experience by opening and maintaining constructive and reliable lines of communication.


Verifies and ensures accounting team's debt, real estate tax, sales tax and owner distribution payments are made timely and internal databases are updated and maintained accordingly.


May review staff work product, including financial packages, to ensure its complete, accurate and timely release to internal departments and external clients.


Partners with their accounting teams to ensure they have a working knowledge of team's client Management Agreements and that they are properly maintained per department policy and requirements/terms. Ensures team managers are reviewing management fee calculations to be in accordance with the current Management Agreement.


Reviews the Corporate A/R reports to ensure reconciliations are completed and reviewed by their team. Ensures open issues for the team are resolved.



Reviews budgets and annual year-end recovery calculations to ensure timely completion from a comprehensive perspective.




Reviews and signs-off on acquisition fees, management fees and incentive fees/carried interest calculations. Prepares complex incentive fees/carried interest calculations.


Plans, coordinates and manages the consolidation process of the investor's accounts, including commingled funds and institutional investors' separate accounts.


May function as a single point of contact for a market and/or fund. May participate in new business proposals.


Assists in the implementation and maintenance of the accounting systems.


Assists Senior Management with implementation of strategic department and corporate initiatives


Reviews capital calls for fund and co-investment investors. Reviews the consolidated 90 day cash forecasts for commingled funds, and monthly cash forecasts for separate account investors as required.


Participates in external audits as needed.


Performs other duties as assigned.



SUPERVISORY RESPONSIBILITIES


Provides formal supervision to individual employees within single functional or operational area. Approves subordinate's recommendations for staff recruitment, selection, promotion, advancement, corrective action and termination. Effectively recommends same for direct reports to next level management for review and approval. Plans and monitors appropriate staffing levels and utilization of labor, including overtime. Prepares and delivers performance appraisal for staff. Mentors and coaches team members to further develop competencies. Leads by example and models behaviors that are consistent with the company's values.


QUALIFICATIONS


To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.


Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.



EDUCATION and EXPERIENCE


Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. A minimum of eight years accounting experience or equivalent combination of education and experience required. Prior experience in fund level accounting required with real estate accounting or fund accounting software systems. Requires prior supervisory experience and experience with real estate accounting or fund accounting software systems.