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CBRE Fund Controller in LOS ANGELES, California

Fund Controller

Los Angeles, California, United States

New

1 additional location

Bloomington, Minnesota, United States

Accounting/Finance

Requisition # 21012378

Post Date 1 day ago

CBRE Investment Accounting & Reporting Solutions

CBRE, is the largest commercial real estate company in the world and is comprised of several business lines including leasing services, capital markets, valuations & advisory services, and property management; with regional and global capabilities in all major markets around the globe. Within property management, our CBRE Investment Accounting & Reporting (IA&R) group is the leader in providing investment managers with vertically integrated accounting and data solutions, from property through funds.

CBRE IA&R is the only 100% dedicated Real Estate Fund and Property accounting business supporting Global and Pan-European coordination for clients providing Fund & SPV Accounting, Investor Reporting and Performance Measurement services to real estate investment-companies, sovereign wealth funds and other institutional investors in key financial markets.

Our team of professionals offer unmatched dedication to real estate. We serve only real estate and have a history of successfully serving all real estate asset classes; including simple to complex investment structures.

We have dedicated fund and investor reporting teams in 18 countries, while also being a part of our global accounting and reporting operating platform with presence in an additional 41 countries for property accounting services to provide completely integrated services.

Within CBRE IA&R, you will be challenged to develop yourself, to extend your knowledge and skills and to further improve and professionalize various processes within the company.

JOB SUMMARY

Manages the work activities of an accounting team. Responsible for oversight and development of staff. Oversees the accounting and reporting requirements on fund investments including set up and accounting for complex multi-tier investment entities. Reviews monthly, quarterly and annual portfolio level consolidated financial statements and other client reporting. Responsible for oversight of fund level reporting and coordination of client equity contributions and distributions.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Reviews and verifies financial information including monthly, quarterly and annual financial statements for commingled funds and separate accounts prior to submittal to client and investors. Reviews joint venture financial statements.

Reviews system prepared reports and supporting schedules for accuracy. Reviews and signs-off on property and fund level bank account reconciliations.

Partners with field and account management teams to ensure they have a working knowledge of teams client Management Agreements and that they are properly maintained per department policy and requirements/terms. Ensures team managers are reviewing management fee calculations to be in accordance with the current Management Agreement.

Troubleshoots escalated issues and ensures internal and external customer requests are handled timely, accurately and with a focus on customer service. Creates a positive customer experience by opening and maintaining constructive and reliable lines of communication.

Reviews and analyze performance returns, advisor incentive fees, and acquisition / disposition fees on real estate investments. Reviews valuation models for reasonableness in determining asset fair market values.

Maintains a thorough understanding of each legal entity and debt structure, prepares interest billings monthly, and monitors compliance by the debtor with specific deal requirements. Coordinates and insures completion of annual audits by required deadlines.

Sets up, analyzes and reviews joint venture structures and underlying inquiries, subscriptions, and redemptions terms and conditions. Sets up, analyzes and reviews interest rate, currency and credit swap calculations.

Reviews periodic P&L calculations at the fund and investor levels. May assist with internal and external property and client transitions. Works with other internal teams in handling special requirements as defined in the Management Agreement. Performs other duties as assigned.

SUPERVISORY RESPONSIBILITIES

Provides formal supervision to individual employees within single functional or operational area. Recommends staff recruitment, selection, promotion, advancement, corrective action and termination. Plans and monitors appropriate staffing levels and utilization of labor, including overtime. Prepares and delivers performance appraisal for staff. Mentors and coaches team members to further develop competencies. Leads by example and models behaviors that are consistent with the companys values.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and EXPERIENCE

Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. A minimum of six years accounting experience or equivalent combination of education and experience required. Prior experience in fund level accounting required with real estate accounting or fund accounting software systems. Requires prior supervisory experience and experience with real estate accounting or fund accounting software systems.

CERTIFICATES and/or LICENSES

CPA, CMA or other relevant professional certifications a plus.

COMMUNICATION SKILLS

Ability to comprehend, analyze, and interpret complex business documents. Ability to effectively write reports, manuals, speeches and articles using distinctive style. Ability to effectively respond, verbally and written, to sensitive issues, complex inquiries or complaints. Ability to make effective presentations on general topics. Ability to inspire and motivate employees and client groups to take desired action. Requires a high level of commitment to customer service, whether co-workers or clients.

FINANCIAL KNOWLEDGE

Requires in-depth knowledge of financial terms and principles. Able to forecast and prepare budgets. Conducts complex financial/business analysis including the preparation of complex reports.

REASONING ABILITY

Ability to identify and analyze problems with limited information, then recommend more than one resolution alternative. Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form. Requires advanced analytical and quantitative skills.

OTHER SKILLS and ABILITIES

Advanced knowledge of computer software and hardware (i.e. Microsoft Office Suite Products). Ability to work in multiple accounting software applications.

SCOPE OF RESPONSIBILITY

Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause short-term impact to clients and department.

US Company Profile

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)

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