AVP, Assistant Controller

ESSENTIAL FUNCTIONS:

• 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

JOB QUALIFICATION REQUIREMENTS:

Knowledge/Experience:

• Minimum of five years of experience (seven years preferred) including real estate or private equity industry
  
  • Real Estate Funds/Debt Funds and fair value financial reporting experience preferred
  • Internal controls – Registered Investment Adviser/Sarbanes Oxley experience preferred
  • Experience with financial statements preparation required
  • Strong analytical skills with attention to details
  • Strong communication and interpersonal skills
  • Meeting time sensitive deadlines and managing variable workloads

Physical Requirements: (amount of standing, walking, sitting, typing, lifting etc.)

• Stand and walk or sit alternatively depending on specific needs of the day
• Have occasional need to perform the following physical activities:
  Bend/Stoop/Squat: Rare need
  Climb Stairs: Rare need
  Push or Pull Reach Above Shoulder: Rare need
• Ability to perform the following physical activities:
• Writing/Typing: Frequent need
  Finger Dexterity: Frequent need
  Grasping/Turning: Frequent need
• Lifting/Carrying (paperwork, deliveries, files, computers, miscellaneous):
  20 lbs. - 25lbs.: Rare need
  Less than 20 lbs.: Rare need
  Under 10 lbs.: Rare need

Vision Requirements: (Visual needs for the position – color, small details, inspections etc.)

• Constant need to complete forms, read and review reports and a wide variety of
  correspondence, view the computer screen. Frequent need to see small detail.

Hearing Requirements: (Hearing needs for the position –telephone, meetings, etc.)

• Constant need to communicate over the telephone and in-person with non-executive and executive-level employees.

Speaking Requirements: (Clarity, customer interaction, presentations, etc.)

• Constant need to communicate over the telephone and in person.
• Must be comfortable speaking to senior executives.

Travel Requirements: (Travel needs for the position – from property to property, travel, etc.)

• 10% to corporate events and conferences from time-to-time.

Reasoning Development: (Low, Medium, High – for ability to apply logical thinking to defined problem solving)

• HIGH. Must be able to apply principles of logical thinking to define problems, collect pertinent data, establish facts, draw valid conclusions, and initiate an appropriate course of action. Must effectively convey ideas, images, and goals to a diverse group of personalities.

Working Environment: (Indoors, Outdoors, special things to know about job)

• Indoors in office environment

Berkshire is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, ancestry, national origin, religion or religious creed, mental or physical disability, genetic information, sex (including pregnancy, childbirth and related medical conditions), sexual orientation, gender identity, gender expression, age, marital status, military or veteran status, citizenship, or other characteristics protected by state or federal law or local ordinance We strive to create a workplace where everyone feels empowered to bring their full, authentic selves to work every day. Berkshire's Equal Employment Opportunity Policy encourages the commitment of every Supervisor. All employees are expected to participate in and actively support these efforts

Experience

• 5 year(s): 5+ years

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