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Investment Controller

Location: Reston Region
Category: Finance & Accounting
Employment Type: Direct Hire
Contact: fad.reston@hirestrategy.com

Our client is seeking an Investment Controller in the Bethesda, MD area.  

Primary Responsibilities:

  • The Investment Controller will read transaction documents and comment as appropriate (particularly with respect to financial reporting provisions)
  • The Investment Controller will obtain formation documents from counsel
  • The Investment Controller will apply for an Employer Identification Number from the Internal Revenue Service
  • The Investment Controller will arrange and lead onboarding call with Manager/JV Partner
  • The Investment Controller will assist the Manager/JV Partner with opening bank accounts as appropriate; ensure that all related paperwork is completed timely and accurately
  • The Investment Controller will establish necessary entities on the general ledger/asset management system and provide training to the Manager/JV Partner as necessary
  • The Investment Controller will review the closing statement for the acquisition of the property to ensure income and expense proration’s are correct, and other closing statement items are in accordance with the purchase and sale agreement
  • Prepare wire request to fund the acquisition, and submit for approval and transmission
  • Review the Fund-level acquisition general ledger entry (prepared by State Street) for accuracy, and provide the acquisition entry to the property accountant for recording in the property general ledger
  •  Review invoices and send for payment
  • Follow-up on outstanding receivables owed to the Fund by the property
  • Review financials: Income Statement; Balance Sheet; bank receipts; rent roll, including any new leases; capital expense requests; Development / Operation expense funding draws; distribution notices; and any other relevant financial statements and information
  • Transmit XML files of monthly trial balance activity to State Street
  • Review Net Asset Value and Fair Value of Debt models
  • Provide reporting and compliance items to Lenders as required in the relevant loan agreements
  • Provide audit support for both the Fund and Property-level audits
  • Provide support for tax return preparation
  • Review and comment on annual property operating budgets
  • Assist with maintaining proper internal control over financial reporting at the property and Fund levels

 

Qualifications:

  • Strong analytical ability
  • Strong knowledge of real estate accounting, reporting and investing guidelines and requirements
  • Demonstrated career history of continued growth and success in roles of increased complexity and responsibility
  • Proven success in setting and achieving corporate objectives, including demonstrated work ethic, competitiveness and tenacity required to achieve top performance
  • Excellent academic credentials
  • Possesses the highest level of integrity and character
  • Thrives in a small, cohesive and hands-on work environment
  • Highly transparent and ethical and places a high value on both personal and firm integrity
  • High energy; structured and action oriented
  • Highly collaborative and committed to being a part of an integrated team
  • Intellectually curious, creative, and a broad-based thinker
  • Excellent communication skills, including written and verbal and the ability to structure and disseminate complex information in a range of appropriate styles/formats