Assistant Controller - Private Equity

Eldridge Acre Partners•Century City, CA

2d•$140,000 - $165,000•Onsite

About The Position

Company Eldridge Acre Partners (“EAP” or the “Company”) is an SEC registered investment advisor and institutional investment manager focused on large scale, institutional quality commercial real estate projects across U.S. markets. The team’s differentiated backgrounds and hands-on approach means EAP brings far more than capital to each deal. EAP is well-positioned to find value, especially during periods of uncertainty, in situations where the expertise and capabilities they contribute gives them the opportunity to capture additional upside. The Company operates in strategic partnership with Eldridge Industries. Leveraging a unique blend of investment acumen and in-house design & construction expertise, EAP targets investments in U.S. commercial and residential real estate on behalf of a diverse global investor base. EAP is the successor operating business to AECOM Capital Real Estate and provides support in respect of AECOM Capital’s existing investments and related investment vehicles. EAP is an independently owned and operated firm unaffiliated with AECOM. EAP invests via discretionary closed-end funds and also benefits from Eldridge’s access to capital and global relationships. EAP’s clients include sovereign wealth, family office, and other institutional capital sources. EAP has a national portfolio located in markets including Florida, Nashville, Raleigh, D.C., San Francisco, Los Angeles, Chicago, New York City, and Seattle among others. The majority of assets are residential apartments, student housing, commercial and mixed-use among other asset types. The Company is heavily focused on build-to-core ground-up development deals given their in-house construction team. More information can be found at https://www.eldridgeacre.com/

Requirements

Approximately 4-6 years of relevant experience
Private equity and/or public accounting experience
Bachelor’s degree in accounting, real estate, or related field from a 4-year college or university
Strong knowledge of U.S. GAAP and partnership accounting
Experience with complex fund structures
Prior supervisory experience

Nice To Haves

CPA license preferred
Prior experience with real estate and debt funds preferred
Prior experience at a fund administrator preferred
Outstanding interpersonal and verbal/written communication skills
Experience supporting audits and regulatory filings
Strong analytical and problem-solving skills
Excellent organization and time management skills
Ability to work independently and collaboratively in a fast-paced environment

Responsibilities

Day to day oversight of multiple funds, parallel funds, and related investment vehicles with complex structures
Review deliverables from fund administrators including NAV packages, financial statements, capital activity, investor allocations, carried interest and waterfall calculations
Manage fund liquidity, including cash management and projections, capital calls, distributions and credit facilities
Responsible for credit facility compliance
Support the quarterly investment valuation process with asset management team
Oversee accounting for the management and advisory companies
Review bank reconciliations, journal entries, expense reports, credit card transactions, payables, receivables, accruals, amortization schedules, financial statements and other accounting related transactions
Responsible for budgets, cash management and cash projections
Supervise and mentor accounting staff including fund accountant and management company accountant
Establish roles, responsibilities and performance goals for accounting staff
Support staff development through training and coaching
Set up and maintain general ledger for new joint venture investments
Coordinate quarterly and annual U.S. GAAP financial reporting requirements for all entities in compliance with partnership agreements
Assist with compliance requests for regulatory reporting
Manage annual audit process and respond to audit requests
Coordinate with external tax teams to manage tax reporting deadlines, respond to requests, review tax returns.
Maintain and improve internal accounting controls and documentation
Drive process improvements as the firm scales
Assist with implementation of new processes and procedures, including the onboarding of funds to an administrator, improvements in operational processes or expanding our coordination with offshore resources.
Participate in special projects as needed