Senior Fund Controller
Job ID
65554
Posted
12-May-2022
Service line
Advisory Segment
Role type
Full-time
Areas of Interest
Accounting/Finance
Location(s)
Bloomington - Minnesota - United States of America, New York City - New York - United States of America
We are looking for a Senior Controller for CBRE Investment Accounting & Reporting Solutions (“CBRE IA&R”) to support real estate debt funds, you will work in an ambitious and growing environment. In this role, you will lead and manage approximately 1- 3 accounting professionals while providing guidance to the team. You will be involved in global initiatives focusing on standardization of business processes and implementation of new processes and policies. Understands client requirements and ensures consistent, accurate and timely reporting.

Essential duties and responsibilities:

• Review timely and accurate quarterly and annual financial statements for both large open-ended commingled debt fund and smaller closed-end separate accounts.
• Responsible for technical accounting support for global debt real estate transactions including loan closings, disposition, partial repayment, loan leverage, re-structure, re-financing, loan modification and other major transaction-related matters.
• Able to provide timely advice on technical accounting and financial reporting matters to accounting teams and all business functions.
• Oversee all aspects of fund accounting and reporting including month and quarter end process, capital calls, distributions, redemptions , ensuring fund unit value and units are accurately recorded and other transactions as applicable to ensure that all information delivered to the client and investor is complete and encompasses all transactions for the applicable reporting period.
• Able to prepare transaction accounting memos (including but not restricted to reviewing transaction closing documents and journal entries) with cooperation with property and fund team to address specific accounting and financial reporting matters such as incentive fee and multi-tiered management fee calculation.
• Able to research emerging accounting issues related to the Company’s global financial reports as required under US GAAP and IFRS.
• Assist in establishing accounting policies for the Company and provide training to accounting teams related to existing accounting policies, new accounting policies, and other technical updates.
• Interact and coordinate with various departments, i.e. fund accounting, fund performance team, loan servicer, tax compliance, portfolio management, legal compliance and asset management, etc. each quarter for routine and non-routine transaction updates.
• Able to work with the accounting team and the auditors to explain the Company’s positions on complicated and/or technical accounting topics during the interim audit and year-end audit.

Job requirements

  • Bachelor's degree in Accounting or related field required; CPA preferred.
  • Minimum 6 years of accounting or auditing background with strong analytical, technical, and communication skills (written and oral) is required;
  • 3-5 years of real estate accounting experience a plus.
  • Previous experience working for a public accounting firm is highly desirable
  • Knowledge of all entity information, documents, and structuring considerations, including relevant GAAP, IFRS, and US tax
  • Solid understanding of generally accepted accounting principles as it relates to fair market value of real estate, and/or related investments.
  • Ability to manage and complete multiple processes within tight deadlines while responding to various requests from many parties.
  • A candidate must have strong research and analytical skills and current knowledge of US GAAP and IFRS. 
  • In addition, the applicant must have strong business skills to understand new topics and issues quickly, and communicate such matters to a global audience.  Preference will be given to those candidates with experience in Commercial Real Estate Fund Accounting. 
  • Knowledge of accounting for senior mortgage and mezzanine investments a plus.
  • Knowledge of REIT structures a plus
  • Ability to effectively listen to co-workers and respond to their requests.
  • Ability to understand and communicate in English, both verbally and written.
  • Ability to and has sufficient knowledge of computer software currently utilized by the Company (Yardi).
  • Excellent written and verbal communication skills. Strong organizational and analytical skills. 
  • Ability to provide efficient, timely, reliable and courteous service to customers. 

CBRE Investment Accounting & Reporting Solutions

CBRE, is the largest commercial real estate company in the world and is comprised of several business lines including leasing services, capital markets, valuations & advisory services, and property management; with regional and global capabilities in all major markets around the globe. Within property management, our CBRE Investment Accounting & Reporting (IA&R) group is the leader in providing investment managers with vertically integrated accounting and data solutions, from property through funds.

CBRE IA&R is the only 100% dedicated Real Estate Fund and Property accounting business supporting Global and Pan-European coordination for clients providing Fund & SPV Accounting, Investor Reporting, and Performance Measurement services to real estate investment companies, sovereign wealth funds, and other institutional investors in key financial markets.

Our team of professionals offers unmatched dedication to real estate. We serve only real estate and have a history of successfully serving all real estate asset classes; including simple to complex investment structures.

We have dedicated fund and investor reporting teams in 18 countries, while also being a part of our global accounting and reporting operating platform with a presence in an additional 41 countries for property accounting services to provide completely integrated services.

Within CBRE IA&R, you will be challenged to develop yourself, extend your knowledge and skills, and further improve and professionalize various processes within the company

Click here to learn more about CBRE IA&R.


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.