Asset Management - Real Estate Fund Controller

J.P. Morgan; New York (NY); On-site; USD 100,000 - 130,000; Full time

Job summary

A leading global alternatives manager seeks a Separate Accounts Real Estate Controller to oversee financial management for real estate investments. Responsibilities include financial oversight, reporting, and compliance with GAAP. The ideal candidate has extensive accounting experience and a CPA certification.

Qualifications

• Minimum of 10 years of Accounting experience.
• Certified Public Accountant (C.P.A.) required.

Responsibilities

• Review and analyze property financial information.
• Manage month-end and quarterly financial reporting.
• Prepare cash flow and return on investment analyses.

Skills

Accounting

Analytical Skills

Problem-Solving

Education

Bachelor’s degree in Accounting

Job description

J.P. Morgan Asset Management, a leading global alternatives manager, offers innovative solutions backed by vast resources and robust governance. We provide customized alternative portfolios tailored to client needs, spanning real estate, private equity, credit, and more. Our Real Estate America’s (REA) team manages commercial and residential real estate investments, controlling investment risk and optimizing financing strategies.

As a Separate Accounts Real Estate Controller within our dedicated financial management team, you will assist with the financial oversight of several separately managed accounts and targeted strategy funds. This includes meeting both client and internal reporting requirements. You will collaborate closely with a team of seasoned professionals, overseeing and participating in all facets of real estate financial analysis, accounting, taxation, treasury functions, internal controls, external auditors, and third-party service providers. Our team provides support to approximately 35 Real Estate Separate accounts.

Job Responsibilities

• Review and analyze property financial information. Ensure that all investments are accounted for in accordance with current policies and procedures as well as GAAP and review management agreements, loan documents, and partnership agreements to ensure Fund’s compliance.
• Manage the month-end and quarterly pricing, financial reporting and accounting of real estate Funds (with some oversight of individual direct real estate assets).Produce quarterly/annual reports for Fund. Responsible for quarterly debt mark-to-market process. Prepare covenant analyses for third party debt/lines of credit
• Prepare and review cash flow, profitability and return on investment analyses used for portfolio management decision-making and oversight of payments made at the fund level, in addition to treasury maintenance (includes tax payment process). Field questions and run analyses for the Fund’s Portfolio Manager and Director of Finance
• Oversee third parties monitoring their compliances with responsibilities, audits, budgets and deadlines.
• Oversee payments made at the fund level, in addition to treasury maintenance (includes quarterly tax payment process).
• Develop and maintain relationships for all internal and external clients and consultants.

Required qualifications, capabilities and skills

• Minimum of 10 years of Accounting experience
• Bachelor’s degree with a major in Accounting
• Certified Public Accountant (C.P.A.)
• Experience coaching and mentoring peers and audit team
• Strong accounting, analytical and problem-solving skills
• Understanding of investment structures, waterfalls, mortgage documents, development agreements, partnership agreements, and purchase and sale agreements.

Preferred qualifications, capabilities and skills

• Real Estate accounting experience preferred