Controller

lumesp; Woodmere (NY); Hybrid; USD 120,000 - 190,000; Full time

Job summary

Lume Search Partners in New York area is seeking a Controller to join its team. The Controller will manage tax return prep, maintain ledgers, and liaise with lenders and lawyers for investments.

The Controller will also, on occasion, provide support to the team across miscellaneous Asset Management and Investor Relations functions. Ideal candidate is a multi-tasker with excellent communication and analytical skills, a passion for real estate, and the ability to thrive in an entrepreneurial and

Responsibilities

• Prepare and maintain accounting ledgers.
• Oversee K-1 preparation.
• Assist with external audit data collection.
• Create and monitor operating budgets for various business lines withing the Firm.
• Process Quarterly investor distributions as well as external payments to vendors as necessary.
• Maintain database of various entity information ensuring compliance with FINCEN as well as ensuring all entities maintain in good standing in the various jurisdictions.
• Assist with any ad-hoc reporting or data collection requests.

Job description

Our client (“our client”) is an opportunistic Real Estate investment firm dedicated to finding the best risk-adjusted return investments in the Real Estate and Structured Credit markets. The firm is capitalized by a prominent NY-based real estate family, which itself has acquired over $10 billion of commercial real estate over the past 30 years.

Our client team brings a wide range of investment and advisory experience in both credit and equity from multi-billion-dollar hedge funds, bulge bracket investment banks and established real estate platforms. Our client is privileged to also have some of the leading professionals in the real estate and banking industries on its Advisory Board.

Since inception, our client has acquired approximately 7,000 apartments across the country, ranging from recently developed Class A luxury high-rises, to older garden style apartment communities. Additionally, but to a lesser extent, our client has acquired Industrial real estate, invested in Real Estate Credit and Non-Performing Loans and explored and/or transacted across a range of other real estate related situations (PropTech, publicly traded securities, ground-up development, Build-For-Rent).

POSITION SUMMARY

• Our client is seeking a Controller to join its team. The Controller will be involved in all aspects of Tax return preparation by the firm’s outsourced accounting firms, maintain accounting ledgers for RE & various corporate entities, and liaison with Lenders and Lawyers for both existing and new investments. The Controller will also, on occasion, provide support to the team across miscellaneous Asset Management and Investor Relations functions.
• The right candidate will be a multi-tasker with excellent communication and analytical skills, a demonstrated passion for real estate and a desire to work in an entrepreneurial and fast-paced environment.

KEY RESPONSIBILITIES

• Prepare and maintain accounting ledgers.
• Oversee K-1 preparation.
• Assist with external audit data collection.
• Create and monitor operating budgets for various business lines withing the Firm.
• Process Quarterly investor distributions as well as external payments to vendors as necessary.
• Maintain database of various entity information ensuring compliance with FINCEN as well as ensuring all entities maintain in good standing in the various jurisdictions.
• Assist with any ad-hoc reporting or data collection requests.