Investment Controller

B. F. Saul Company
Bethesda, MD
Jul 13, 2018
Jul 16, 2018
Accountant, IT
Full Time
Duties & Responsibilities New Transactions Read transaction documents and comment as appropriate (particularly with respect to financial reporting provisions) Obtain formation documents from counsel Apply for an Employer Identification Number from the Internal Revenue Service Arrange and lead onboarding call with Manager/JV Partner Assist the Manager/JV Partner with opening bank accounts as appropriate; ensure that all related paperwork is completed timely and accurately Establish necessary entities on the general ledger/asset management system and provide training to the Manager/JV Partner as necessary Review the closing statement for the acquisition of the property to ensure income and expense prorations are correct, and other closing statement items are in accordance with the purchase and sale agreement Prepare wire request to fund the acquisition, and submit for approval and transmission Review the Fund-level acquisition general ledger entry (prepared by State Street) for accuracy, and provide the acquisition entry to the property accountant for recording in the property general ledger Monthly Review invoices and send for payment Follow-up on outstanding receivables owed to the Fund by the property Review financials: Income Statement; Balance Sheet; bank receipts; rent roll, including any new leases; capital expense requests; Development / Operation expense funding draws; distribution notices; and any other relevant financial statements and information Transmit XML files of monthly trial balance activity to State Street QuarterlyIn addition to monthly financial statement review as noted above: Review Net Asset Value and Fair Value of Debt models Provide reporting and compliance items to Lenders as required in the relevant loan agreements Annual Provide audit support for both the Fund and Property-level audits Provide support for tax return preparation Review and comment on annual property operating budgets Assist with maintaining proper internal control over financial reporting at the property and Fund levels Qualifications & Skills JOB REQUIREMENTS (SKILLS / ABILITIES): Strong analytical ability Strong knowledge of real estate accounting, reporting and investing guidelines and requirements Demonstrated career history of continued growth and success in roles of increased complexity and responsibility Proven success in setting and achieving corporate objectives, including demonstrated work ethic, competitiveness and tenacity required to achieve top performance Excellent academic credentials Possesses the highest level of integrity and character Thrives in a small, cohesive and hands-on work environment Highly transparent and ethical and places a high value on both personal and firm integrity High energy; structured and action oriented Highly collaborative and committed to being a part of an integrated team Intellectually curious, creative, and a broad-based thinker Excellent communication skills, including written and verbal and the ability to structure and disseminate complex information in a range of appropriate styles/formats EDUCATION / LICENSES / CERTIFICATIONS: Bachelor s Degree in accounting or business administration CPA strongly desired 3-5+ years of experience as an auditor for a national firm and/or a major real estate or financial services company is desired Property or fund accounting background is preferred MRI experience preferred

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