Assistant Controller - Private Equity
About The Position
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.
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
- Outstanding interpersonal and verbal/written communication skills
- Strong analytical and problem-solving skills
- Excellent organization and time management skills
- Ability to work independently and collaboratively in a fast-paced environment
Nice To Haves
- CPA license preferred
- Prior experience with real estate and debt funds preferred
- Prior experience at a fund administrator preferred
- Experience supporting audits and regulatory filings
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
Benefits
- Benefits include medical, dental, vision, life/AD&D/short-term and long-term disability benefits, flexible time off, and an employer-sponsored 401(k) plan.
- Daily in-office lunch and monthly parking.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
