Assistant Portfolio Controller

Department: Accounting and Finance

Reports to: Director, Accounting

Location: Nashville, TN

About the Role

The Assistant Portfolio Controller will be responsible for the accurate and timely reporting of financial information for multiple real estate funds and joint ventures. This will include significant interaction with outside auditors, tax advisors, and fund administrators. The role will interface directly with a variety of groups within AJCP including Development, Asset Management, Capital Markets, Portfolio Management and Investor Relations.

Responsibilities

• Fund Level Responsibilities:
  • Assist in the monthly closing process, financial statement and quarterly investor statement preparation, and lender reporting packages for assigned real estate funds and/or joint ventures
  • Aid in the review of the calculation of management fees, distribution waterfalls, and carried interest
  • Support cash management activities for your real estate funds and/or joint ventures, including working with the Portfolio Management, Capital Markets, Development, and Asset Management teams, as applicable, to process capital calls and distributions, forecast liquidity and estimated tax payments, manage payments for construction and other owner costs, coordinate loan draws and reserve account fundings, and optimize working capital needs across your assets
  • Aid in the preparation and review of quarterly investor account statements
  • Aid the Portfolio Management team in their process over fair market value calculations on the assets within assigned investment vehicles
  • Prepare workpapers and supporting documentation for the annual audit and tax reporting process with the audit and tax providers
• Property Level Responsibilities:
  • Develop a deep understanding of all significant agreements, including but not limited to entity operational agreements and side letters, debt agreements, development management, asset management, hotel management and restaurant management agreements, and applicable leases and insurance contracts; ensure the compliance with each of these agreements across your assets
  • Support the outsourced providers who perform the property level accounting
  • Review monthly workbooks of the property level accountants
  • Work closely with development managers on status of project, budgets, and accounts payable to fully understand the project
  • Maintain a monthly checklist to ensure all invoices are captured timely and accurately each month
  • Aid the Capital Markets team in lender funding of projects, including review of development and construction contractor pay applications and ensure proper documentation has been obtained (e.g. lien releases), true-up of retainage accounts are made and ensure invoice payments are made timely based on funding received
• Other Responsibilities:
  • Manage/document business processes and accounting policies to maintain and strengthen internal controls
  • Perform any additional responsibilities that may be required to support AJCP’s rapid growth

Qualifications

• B.A. or B.S. degree in accounting
• 4+ years of audit/financial reporting experience in real estate
• CPA or CPA candidate

Preferred:

• Big 4 public accounting experience, combined with experience in partnership accounting, investment company accounting, construction accounting, and/or real estate accounting
• Experience in a broad base of asset classes, including hospitality, multi-family, office, and retail
• An advanced degree, such as a Masters of Accountancy / MAC or a Masters of Business Administration / MBA

Equal Employment Opportunity: AJCP is an equal employment opportunity employer and complies with all applicable laws prohibiting discrimination based on an individual’s race, color, religion, religious creed, national origin, ancestry, citizenship, physical or mental disability, medical condition, genetic information, marital status, reproductive health decision-making, sex, gender, age, sexual orientation, veteran and/or military status, protected medical leaves, domestic violence victim status, political affiliation, or any other status protected by federal, state, or local laws. AJCP is dedicated to the fulfillment of this policy in regard to all aspects of employment, including, but not limited to, recruiting, hiring, placement, transfer, training, promotion, rates of pay, other compensation, termination, and all other terms, conditions, and privileges of employment.