We are seeking an Assistant Controller, Fund Accounting, to join an energetic and collaborative accounting team that encourages creative thinking and innovative ideas to optimize success. We strive to attract talent that enjoys working in a dynamic environment, welcomes opportunities to learn various aspects of the single-family residential business, and embraces collaboration with Senior Leadership. If you are a motivated, passionate, quick learner looking for unique career experiences, this role is waiting for you.
Job Summary
The Assistant Controller, Fund Accounting, will be a member of the Accounting Leadership team, which establishes direction and goals for the entire accounting department. This position is primarily responsible for leadership and oversight of (1) joint venture and other investment accounting and financial reporting to lenders and investors and (2) analyzing, reconciling, and recording debt and equity transactions. Entities for which these functions are performed include Invitation Homes, its subsidiaries, and certain entities for which we provide asset and property management services. The ideal candidate has significant experience working in a supervisory role with a high proficiency in full cycle corporate and investment accounting and financial reporting, well-developed organizational skills, an attention to detail, and a thorough knowledge of U.S. GAAP
Job Duties and Responsibilities
- Lead and support the team, encourage team engagement, and create an environment to foster associate development through ongoing performance management, career development, training, and mentoring.
- Aid in the implementation of accounting policies and procedures and the adherence to provisions contained in debt, joint venture, asset management, property management, and other agreements.
- Instill an innovative mindset where processes and deliverables are proactively and continuously enhanced.
- Collaborate with internal and external stakeholders, such as other corporate departments, field representatives, joint venture partners, and Senior Leadership.
- Establish, communicate, and train new policies and procedures and liaise with internal and external auditors while ensuring SOX compliance is maintained.
- Assist in leading the month-end close process and preparing financial reporting for our internal management company, joint ventures partners, and other corporate entities to ensure accurate reporting of actual to budgeted financial results within established close and reporting calendars.
- Review journal entries and monthly analyses for assigned general ledger account activity, including items such as interest rate swap and debt transactions.
- Support all financial audits as needed.
- Collaborate with the internal SEC Reporting team to research and account for technical accounting items, including hedge accounting, debt refinancings, and joint venture accounting.
- Read and understand loan agreements, partnership and joint venture agreements, asset and property management agreements, investment documents, entity structures, SEC filings, and investment prospectuses.
- Oversee all debt reporting for Invitation Homes and certain other entities for which we provide asset and property management services, including but not limited to, oversight of debt walk forwards, interest analyses, and amortization schedules and accounting for interest rate hedging.
- Coordinate and review monthly calculation of management fees, equity pick-ups, capital calls, and distributions; coordinate and record monthly transfers of funds to and from entities for which we provide asset and property management services.
- Review activity and transactions related to investments in equity securities and other business opportunities (capital calls, basis calculations, etc.).
Education and/or Experience
- Active CPA license and a bachelor's degree in accounting (or related field) is required.
- Background in public accounting is required, along with experience with both private and public companies.
- Extensive knowledge of U.S. GAAP, audit and internal control, acquisitions, and due diligence.
- 7+ years of experience in accounting, with a strong emphasis on debt and financial reporting.
- 4+ years of experience managing and leading a team.
- Experience with Yardi software is a plus.
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Skills/Specialized Knowledge
- Highly self-motivated and directed with an ability to effectively prioritize and execute tasks in a fast-paced, dynamic environment.
- Proven analytical and problem-solving abilities, including the ability to identify and implement best practices that improve the team's effectiveness and efficiency. Ability to comprehend, analyze, and interpret complex documents.
- Ability to comprehend, analyze, and interpret complex documents.
- High energy and a can-do attitude, exhibiting a responsible and responsive tenacity.
- Willingness and ability to be hands-on to get the job done.
- Experience working both independently and in a team-oriented, collaborative environment
- Proficient with Excel and excellent written, oral, and interpersonal communication skills, including an ability to effectively present information and build and manage key internal and external relationships.
Other Requirements
Must maintain a professional appearance.
Ability to be at work on a regular and consistent basis; overtime may be required for this position.
Physical and Mental Demands
This position will involve long hours sitting and using office equipment and computers. The position may also entail light lifting of supplies and materials occasionally, up to and including 20 pounds in addition to reaching, stooping, standing, and walking. This position requires the ability to talk, hear, compare, compute, compile, copy, analyze, coordinate, synthesize, negotiate, and communicate. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential job functions.
Work Environment
The standard office work environment may be busy and noisy at times.
Ascend Talent Partners LLC - An Equal Opportunity Employer