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CBRE · 13 hours ago

Fund Accounting Controller

Dallas, TX

Full-time

Onsite

Senior Level

7+ years exp

CBRE is the world’s largest commercial real estate services and investment firm, and they are seeking a Fund Accounting Controller to assist the Senior Controller in coordinating fund reporting and managing financial data. The role involves supervising staff, monitoring financial activities, and ensuring compliance with accounting standards.

CommercialFinancial ServicesProperty DevelopmentReal Estate

No H1B

Responsibilities

Provides formal supervision to employees and monitors the training and development of staff. Conducts performance evaluations and coaching. Oversee the recruiting and hiring of new employees

Monitors, compiles, and analyzes financial data. Performs detailed review of monthly property level reports and may provide a forward-looking view to senior team members

Assists with reviewing periodic P&L calculations at the fund and investor levels

Coordinate and manage the team's daily activities. Establish work schedules, assign tasks, and cross-train staff. Set and track staff and department deadlines. Mentor and coach as needed

Operates the daily activities of the treasury, cash management, and accounting function of the fund. Approve check and wire requests up to approved dollar amounts

Reviews and signs-off on fund level bank account reconciliations. Ensures all fund transactions are properly posted to an accounting system

Prepares and reconciles trial balances for assigned funds. In the US, prepares investment and positions reconciliations and daily reconciliation of cash balances. Performs periodic asset payment, cash, and corporate action reconciliations. Prepare templates for fund reporting

Prepares, analyses, and reviews periodic NAV calculations

Updates and monitors daily trading, general ledger activity, and pricing of funds to ensure accuracy of daily NAV calculation, if applicable

Executes on processes and procedures, and constantly provides feedback on process improvement

Performs administrative tasks as required

Participates and assists with automation efforts, in systems testing and implementation-related tasks

Troubleshoots escalated issues and ensures internal and external customer requests are handled timely, accurately and with a focus on customer service

Feeds data for client presentations on financials

Prepare, review, and approve journal entries prepared by the team

May participate in special projects including new fund set-up and fund closures

Calculations of complex fee and joint venture structures, performance return (GIPS, NCREIF) calculations, etc

Prepares and supports preparation of fund financial statements, investor capital call/distribution notices. Supports preparation of IRR and performance reporting models

Act as a primary contact with the organization’s internal and external auditors on accounting matters

Ensure that systems follow acceptable accounting practices and applicable regulations

Apply deep knowledge of multiple disciplines, broad industry knowledge, and commercial awareness. Drive financial and functional performance within disciplines and across business

Coach others and share in-depth knowledge of own job discipline and broad knowledge of several job disciplines within the function

Lead by example and model behaviors that are consistent with CBRE RISE values

Direct the resolution of highly complex or unusual business problems by applying advanced critical thinking

Qualification

Fund AccountingGAAP KnowledgeFinancial AnalysisReal Estate AccountingFASB RegulationsMicrosoft OfficeCoachingLeadership SkillsCommunication SkillsMentoringOrganizational Skills

Required

Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including intermediate knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP)

Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis

Solid technical financial skills and knowledge of GAAP, FASB, REIS, IFRS, and in-region/in-country standards where applicable

Confident understanding of real estate terms, definitions, and real estate analytical methodology

Ability to exchange sensitive, complicated, and difficult information, convey performance expectations and handle problems

Leadership skills to motivate the team to achieve broad operational targets with impacts on own job discipline, multiple job disciplines, and department

In-depth knowledge of Microsoft Office products. Examples include Word, Excel, Outlook, etc

Expert organizational skills with an unrivaled inquisitive mindset

Excellent Communication Skills

Preferred

Bachelor's Degree preferred with 7 - 10 years of relevant experience. In lieu of a degree, a combination of experience and education will be considered

Prior experience in fund level accounting preferred with real estate accounting or fund accounting software systems

Experience in the areas of staffing, selection, training, development, coaching, mentoring, measuring, appraising, and rewarding performance and retention is preferred