Assistant Controller

Timberlane Partners; Seattle (WA); On-site; USD 100,000 - 125,000; Full time

Job description

WHO ARE WE:

Founded in 2011, Timberlane Partners is a Seattle-based real estate investment, development, and asset management company specializing in multifamily real estate. Led by an experienced team, Timberlane has successfully acquired and developed over $1 billion of real estate assets throughout the West Coast and Mountain West. We pride ourselves on our disciplined, entrepreneurial approach, fostering long-term partnerships, and consistently delivering outstanding risk-adjusted returns.

ABOUT THIS POSITION:

Timberlane seeks an Assistant Controller to lead fund accounting, reporting, compliance, and operational control across our expanding real estate fund platform . Reporting to the Controller, this role combines hands-on fund accounting expertise with internal control oversight, audit coordination, and team leadership to ensure accurate financial reporting, smooth investor relations, and strategic process development.

Job Title: Assistant Controller

Job Type: Full-time

Location: Seattle, WA (Hybrid – minimum 4 days/week in office)

Reports to: Controller

Company: Timberlane Partners

KEY RESPONSIBILITIES:

Fund Accounting & Financial Reporting

• Supervise and validate fund-level general ledgers across all active investment vehicles.
• Oversee preparation and review of quarterly and annual GAAP-compliant financial statements.
• Manage trial balances, journal entries, and intercompany transactions, ensuring integrity of financial books.

Capital Accounts & Waterfalls

• Oversee LP capital contributions, commitments, and distributions consistent with Limited Partnership Agreements.
• Validate and approve fund waterfall calculations, including preferred returns and carried interest.
• Lead capital call and distribution processes, partnering with Investor Relations to ensure accurate and timely communication.

Treasury, Cash & Facility Management

• Oversee daily cash management, including reconciliations, liquidity forecasting, and credit facility drawdowns/repayments.

Audit, Tax & Compliance

• Lead annual fund audit coordination: prepare workpapers, liaise with auditors, and ensure timely resolution of issues.
• Oversee tax filing support and K-1 preparation; ensure LPA and investment policy compliance.

Internal Controls & Process Improvement

• Design and enhance internal controls, policies, and procedures to support scalability.
• Lead implementation and enhancement of fund accounting in Yardi moving manual workflows to automated processes.

Investor Reporting & Stakeholder Support

• Work with Investor Relations to ensure timely and accurate reporting to LPs.
• Assist in producing performance reports, investor dashboards, and other fund-level analytics.
• Support fundraising efforts through performance modeling and fund/base data compilation.

Team Leadership & Collaboration

• Mentor accounting staff, set development goals, and contribute to performance reviews.
• Coordinate with internal stakeholders (both cross departmental and leadership) and oversee external providers.

Fund Launches & Structuring Support

• Drive fund and SPV setups, including accounting entity structuring.
• Participate in new fund launches—system UAT, accounting setup, and reporting procedures.

QUALIFICATIONS:

• Bachelor’s degree in Accounting or Finance; CPA strongly preferred.
• 6–10+ years in real estate or private equity fund accounting , or prior Assistant Controller/Manager roles.
• Strong technical proficiency in GAAP, partnership accounting, capital account management, waterfall models.
• Experience with fund accounting platforms ideally in Yardi and advanced Excel skills.
• Proven expertise in audits, tax coordination, treasury management, and credit facility oversight.
• Demonstrated leadership in process improvement, system implementation, and stakeholder engagement.

PREFERRED EXPERIENCE:

• Real estate private equity fund exposure (closed-end, open-end, development funds).
• Experience with complex fund launches and multi-entity structures.
• Advanced certifications (MBA, CFA, CMA) and comfort in fast-growing environments.

COMPENSATION:

• Salary range of $120,000 to $140,000 annually
• Opportunity for an annual discretionary bonus of 15-25%
• Employer-paid premiums for medical, dental, and vision coverage
• Health Care and Dependent Care Flexible Spending Accounts
• Employer-paid life insurance
• Long-term disability insurance
• Employee Assistance Program
• 401(k) plan with employer-matched of up to 4%: 100% of the first 3% contributed and 50% of the next 2%
• 20 days of paid time off (PTO)
• 10 paid holidays
• Professional licensure expense reimbursement
• Significant mentorship and career advancement opportunities

APPLICATION PROCESS:

Please visit www.timberlanepartners.com/open-positions and click ‘Apply’ - this will redirect you to the LinkedIn job posting to submit your resume.