Manager
Job ID
66325
Posted
13-May-2022
Service line
Advisory Segment
Role type
Full-time
Areas of Interest
Accounting/Finance
Location(s)
Los Angeles - California - United States of America
JOB SUMMARY 

Fund controller for a medium sized fund or a number of smaller funds or separate accounts. Performs accounting and reporting including set up and accounting for multi-tier investment entities. Prepares monthly, quarterly and annual portfolio level consolidated financial statements and other client reporting. Responsible for preparation of fund level reporting and coordination of client equity contributions and distributions. May supports new business initiatives. 

ESSENTIAL DUTIES AND RESPONSIBILITIES 

Financial Statement & Budgets: Produces fund financial statements and other required financial information including but not limited to investor funded and unfunded commitments, asset accrual methodology and output. Provides qualitative analysis and comments. Maintains shareholder registries. Prepares periodic financial statements and assists with audit and tax preparation and audit review. Performs budgeting, forecasting and reporting activities. Assist in preparing client presentations relating to fund financials. Completes in an accurate and timely manner. Monitors 

Financial Performance: Monitors, compiles and analyzes financial data. Performs detailed review of monthly or regular 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. 

Treasury Function: Operates the daily activities of the treasury, cash management and accounting function of the fund. Reviews and signs-off on property level bank account reconciliations. Posts journal entries and money movement transactions. Ensures all fund transactions are properly posted to accounting system. Prepares and reconciles trial balances for assigned funds. Assist in discussion with banks and financial institutions, assist with handling financing arrangements and execution of loan agreements. In the US, prepares investment and positions reconciliations and daily reconciliation of cash balances. Performs periodic asset payment, cash and corporate action reconciliations. 

Risk Management: Supports senior team members in the management of risk and compliance activities. New Business Participation & Structuring: May participate in new business proposals. May assist with structuring investments and raising capital.

Pricing Platform & Fund Valuation: In Asia, maintains Fund Valuation Principals “FVP” for limited partnership interest pricing, NAV Calculation: Prepares, analyzes and reviews periodic NAV calculations. Some regions updates and monitors daily trading, general ledger activity and pricing of funds to ensure accuracy of daily NAV calculation. 

Investors' Contact: May be a contact point for investors. Feeds data for client presentations on financials. Supports preparation of investor capital call/distribution notices. Supports preparation of IRR and performance reporting models. 

Customer Service: Executes on processes and procedures, and constantly provides feedback on process improvement. Performs administrative tasks as required. Troubleshoots escalated issues and ensures internal and external customer requests are handled timely, accurately and with a focus on customer service. 

Systems Implementation: Participates in systems testing and implementation-related tasks. Provides data, information and has indepth supporting role in an audit process. 

Special Projects: May participate in special projects including new fund set-up and fund closures. 

Other Duties: Performs other duties as assigned 

SUPERVISORY RESPONSIBILITIES No formal supervisory responsibilities in this position. May provide informal assistance such as technical guidance and/or portfolio-specific training to others. 
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 five years accounting experience or equivalent combination of education and experience required. Prior experience in fund level accounting preferred with real estate accounting or fund accounting software systems. 

CERTIFICATES and/or LICENSES Certified Accountant qualifications in relevant jurisdictions. Page 3 

COMMUNICATION SKILLS Communicates clearly, effective and concisely. Has solid negotiation and group presentation skills. 

FINANCIAL KNOWLEDGE Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an 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 comprehensive knowledge of GAAP, FASB, REIS, IFRS, and in-region/in-country standards. 

REASONING ABILITY Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires intermediate analytical and quantitative skills. 

OTHER SKILLS and/or ABILITIES Advance economics, math and analytical skills and ability to apply them and in the pursuit of diverse situations. Knowledge of real estate terms, definitions, and real estate analytical methodology. Knowledge of Company financial systems as well as internal and external information sources. Intermediate knowledge of computer software and hardware (i.e. Microsoft Office Suite Products). Ability to work in multiple accounting software applications. 

SCOPE OF RESPONSIBILITY Decisions made with general understanding of procedures and company policies to achieve set results and deadlines. Responsible for setting own project deadlines. Errors in judgment may cause short-term impact to clients, co-workers and supervisor.

CBRE is an equal opportunity/affirmative action employer with a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

CBRE is an equal opportunity/affirmative action employer with a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

NOTE: An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing.