Real Estate Fund Controller — Assistant

Cottonwood Group; Los Angeles (CA); Hybrid; USD 130,000 - 160,000; Full time

Benefits offered by this job

Hybrid schedule

401K with match

Medical/Dental/Vision coverage

Downtown Los Angeles office

Job summary

Cottonwood Group, a private equity real estate investment firm, seeks an Assistant Controller, Fund Accounting in Los Angeles to lead fund accounting operations, close processes, and investor reporting. You will collaborate with fund administrators, auditors, and tax advisors to ensure accurate financials for multiple real estate funds and JV entities.

The role requires strong technical accounting expertise, cross-functional collaboration, and a minimum of five years in fund accounting and

Qualifications

• Bachelor’s degree in accounting or related field.
• CPA preferred.
• 7+ years of relevant accounting experience; 5+ years fund accounting experience; ideally a mix of public accounting and in-house fund or investment management experience.
• Experience with both open-ended (NAV) and closed-end fund accounting required; real estate industry exposure preferred
• Working knowledge of US GAAP, including fair value measurement, consolidation, and investment company accounting (ASC 946)
• Experience with Yardi preferred
• Advanced proficiency in Microsoft Office applications
• Excellent written and verbal communication skills, with the ability to work directly with the fund administrator, external auditors and cross-functional internal teams
• Ability to manage multiple concurrent deliverables against fixed reporting deadlines

Responsibilities

• Manage day-to-day accounting matters and month-end close process, including the preparation of account reconciliations and supporting schedules for fund reporting
• Perform bank reconciliations and process journal entries
• Accounts payable approval through Yardi workflow
• Maintain and update fund and investor-level performance calculations, including IRR, equity multiple and time-weighted returns
• Prepare management fee calculations, incentive/promote accruals, and supporting schedules
• Prepare capital call and distribution calculations, including investor-level allocations and notices
• Support year-end audit, tax and compliance workstreams, in coordination with internal cross-functional working groups and third-party providers
• Maintain schedule of investments
• Prepare quarterly consolidations and eliminations across fund and joint-venture entities
• Actively interact with external fund administrator to review preparation of quarterly financial statements, schedules and investor statements
• Respond to investor and other stakeholder information requests in coordination with Capital Markets and Portfolio Management teams
• Collaborate with treasury function on cash forecasting needs of various fund vehicles
• Deliver accurate and timely work product within established deliverable timelines

Skills

Fund accounting

NAV accounting

Real estate accounting

US GAAP

Communication skills

Multi-tasking

Education

Bachelor’s degree in accounting

CPA preferred

Tools

Yardi

Microsoft Office

Job description

Cottonwood Group, a private equity real estate investment firm, seeks an Assistant Controller, Fund Accounting in Los Angeles to lead fund accounting operations, close processes, and investor reporting. You will collaborate with fund administrators, auditors, and tax advisors to ensure accurate financials for multiple real estate funds and JV entities.

The role requires strong technical accounting expertise, cross-functional collaboration, and a minimum of five years in fund accounting and