Portfolio Controller

Lincoln Property Company · Chicago, IL · 2 days ago

HybridAccounting$125k/yrFull-time

Position Summary

We are seeking a highly skilled accounting and finance professional to oversee joint venture (JV) financial operations for a large-scale real estate investment platform. This role will manage JV-level budgeting, forecasting, cash management, capital accounts, debt compliance, investor reporting, and acquisition/disposition accounting. The ideal candidate will have deep expertise in real estate accounting, strong technical GAAP knowledge, and experience managing complex JV structures. A CPA designation is highly preferred.

Key Responsibilities

Budgeting, Planning & Forecasting (JV-Level)
Prepare Annual Business Plan, Operating Budget, and Capital Budget for investor review and approval.
Consolidate property-level budgets into JV-level budgets and perform variance analysis and reforecasting.
Cash Management, Treasury & Capital Calls
Prepare capital call calculations and issue notices per JV agreement.
Manage JV, HoldCo, and SPE bank accounts, cash flow forecasting, and liquidity planning.
Participate in distribution waterfall calculations and promote mechanics.
Property-Level Oversight
Review property-level accounting prepared by third-party managers for GAAP and investor compliance.
Cook up cash forecasting, budget adherence, TI/LC accounting, and reimbursement processes.
Capital Accounts & JV Economics
Maintain capital accounts per GAAP, tax rules, and JV agreement.
Track investment tranches, capital balances, preferred returns, and promote tiers.
Debt Compliance & Lender Reporting
Participate in covenant testing, lender reporting, and draw requests.
Monitor escrow accounts and ensure compliance with financing agreements.
Investor Reporting & Performance Metrics
Prepare quarterly investor reporting packages, including financial statements, variance analysis, capital account statements, and JV performance metrics (IRR, MOIC, equity multiples).
Acquisition & Disposition Accounting
Support financial integration of new acquisitions, including opening balance sheets and bank setups.
Manage final accounting at disposition, including sale allocations, reserve releases, and promote crystallization.

Qualifications

Bachelor’s degree in Accounting or Finance; CPA highly preferred.
5-7 years of progressive accounting experience, with at least 3 years in real estate or private equity JV structures.
Strong technical knowledge of GAAP and JV accounting principles.
Experience with budgeting, forecasting, and financial modeling.
Proficiency in Yardi, MRI, Kardin, or similar real estate systems.
Excellent analytical, organizational, and communication skills.
Ability to manage multiple priorities in a fast-paced environment.

Preferred Skills

Familiarity with REIT compliance and regulatory requirements.
Experience with debt covenant monitoring and lender reporting.
Advanced Excel and financial modeling capabilities.
Exposure to investor reporting and performance metrics (IRR, MOIC, equity multiples).
Strong understanding of JV agreements and promote structures.

Pay Range

$125,000 USD - $135,000 USD

Equal Opportunity Employment

LPC is an equal opportunity employer that values diversity. We have 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. Candidate Accommodations LPC provides reasonable accommodations in job application procedures for individuals with disabilities. If you need assistance or an accommodation due to a disability, please contact Human Resources.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 680 million square feet of commercial space. For more information, visit: www.lpc.com.

Why Lincoln?

At Lincoln, you will be supported by a national firm where an entrepreneurial mindset is encouraged. You will be encouraged to explore your potential through training programs, mentorship, exciting work, fast-paced assignments, and an environment of constant learning and dedication to results. Our benefits package includes medical, dental, and vision insurance, 401(k), and paid time off.