AVP, Assistant Controller (Equity)

Company Overview

Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.

If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.

Responsibilities include, but are not limited to:

• Oversee assigned property and/or debt investment accounting staff and review account reconciliations and financial statements prepared by them
• Oversee the monthly property and/or debt investment and Fund/Account closing and consolidation process for their portfolios
• Analyze and understand budget to actual results for discussion with senior executives
• Responsible for preparation and review of the quarterly financial statements and investor reports
• Monitor accounting and reporting compliance with Fund/Account partnership agreements and investor side letters
• Manage investment management fee and incentive fee calculations
• Prepare joint venture waterfall calculations, as applicable
• Manage preparation of the capital accounts, including roll forwards and the quarterly ownership recalculations, where applicable
• Manage the returns calculations (TWR or IRRs) and benchmarking, as applicable
• Responsible for calculation of distributions to general and limited partners, noncontrolling interest partners, property and/or debt investment distributions and Fund/Account distributions on a monthly/quarterly basis, or when applicable, for assigned portfolios
• Where applicable, perform or oversee preparation of debt covenant compliance and debt service requirements of investor loans
• Where applicable, perform the calculation of debt fair market value
• Where applicable, manage MSCI and INREV submissions and investor’s quarterly/semi-annual requests
• Oversee external audit process for assigned portfolio
• Manage third party relationships with joint venture partners, servicers, or fee managed property owners, as applicable
• Manage and develop Performance Reporting Accounting staff
• Manage adherence to internal controls surrounding financial reporting disclosure and compliance, and enhance internal controls as needed
• Perform other ad hoc accounting duties as required
• Consistently demonstrate use of tact and discretion.

Berkshire Residential offers an excellent benefits package, focusing on our employees’ total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our Careers page for full details – and to learn more about how we value our employees.

Berkshire Residential values diversity, equity, inclusion and belonging. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.

Experience

• 5 year(s): 5+ years, 7 preferred

Education

• Bachelors or better in Accounting

Licenses & Certifications

• Certified Public Acctnt

Behaviors

• Team Player: Works well as a member of a group
• Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well

Motivations

• Entrepreneurial Spirit: Inspired to perform well by an ability to drive new ventures within the business