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***Senior Fund Controller || Minneapolis, MN***

Employer
Vaco Technology
Location
Minneapolis
Salary
140000.00 - 160000.00 USD Annual

View more



***Senior Fund Controller***


***Hybrid in Chicago, IL | Minneapolis, MN***


***$140 - $160k + 15% bonus***



Department


Fund Services Team


The Fund Services team is responsible for the financial reporting, budget, forecast, controlling, and cash flow planning for funds and separate accounts. The team is the link between the business, clients, finance, and Funds. The team fulfils an important function in supplying reliable and complete financial information and gives solicited and unsolicited advice. The team carries out checks on the underlying data of the fund and is responsible for preparing reports to external stakeholders. Within the organization the team has broad responsibilities including the preparation of liquidity forecasts, payment of dividends, budget forecast, and the preparation of various tax returns. In addition, the team provides functional management to asset finance departments within the organization.



Description :


We are looking for a Senior Fund Controller for our Investment Accounting & Reporting Solutions (IA&R), you will work in an ambitious and growing environment. In this role, you will be assisting the Controller in coordinating the (fund) reporting by keeping track of deadlines and deliverables, communicating with different internal and external stakeholders, and preparing and reviewing fund reporting (templates).



Essential duties and responsibilities :


Financial Statement & Budgets :


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. Produces statements and other required financial information including but not limited to investor funded and unfunded commitments, asset accrual methodology and output. Provides qualitative analysis and comments. Maintains shareholder registries. Prepares periodic financial statements and assists with audit and tax preparation and audit review. May review the work of junior team members. Manages portfolio budgets, forecasts, and reports for clients/investors.


Completes in an accurate and timely manner.


Monitors Financial Performance :


Monitors financial performance, provides a forward-looking view and strategic advice to the executive leadership team. Compiles and analyzes detailed data. Reviews periodic P&L calculations at the fund and investor levels


Treasury Function :


Manages and operates the treasury/ cash management function and ensures an adequate accounting function of the product. Reviews system prepared reports and supporting schedules for accuracy. Reviews and signs-off on fund level bank account reconciliations. Assists in discussion with banks and financial institutions, assist with handling financing arrangements and execution of loan agreements. Maintains relationships with external parties.


NAV Calculation :


May review junior team member's work product, including NAV calculations, financial packages, to ensure its complete, accurate and timely release to internal departments and external clients.


Investors' Contact :


Is a contact point for investors. Feeds data for client presentations. May design and prepare presentations on financials. Reviews/prepares IRR and performance models.


Customer Service :


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.


Systems Implementation :


Participates in the implementation and maintenance of the accounting/reporting systems. Coordinates and ensures completion of annual audits by required deadlines.


Special Projects :


Works with other internal teams in handling special requirements or projects. Remains current with changing environment/regulations, responsible for impact on fund accounting practice.


Supervisory Responsibilities :


May not have supervisory responsibilities. If there are direct reports, would support staff in areas of staffing, selection, training, development, coaching, mentoring, measuring, appraising, and rewarding performance and retention. Leads by example and models behaviors that are consistent with the company's values.



Job requirements :




  • Degree from a 4-year college or university program with an emphasis in accounting, finance or related field required.




  • A minimum of 6 years accounting experience or equivalent combination of education and experience required




  • Prior experience in fund level accounting preferred with real estate accounting or fund accounting software systems




  • Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including intermediate knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis.




  • Solid technical financial skills and knowledge of GAAP, FASB, REIS, IFRS, and in-region/in-country standards where applicable




  • Solid economics, math and analytical skills and ability to apply them in the pursuit of diverse situations.




  • Knowledge of real estate terms, definitions, and real estate analytical methodology.




  • Knowledge of Company financial systems as well as internal and external information sources. Intermediate knowledge of computer software and hardware (i.e., Microsoft Office Suite Products).




  • Ability to work in multiple accounting software applications.




  • Strong coordinative skills and well-developed judgment




  • Fluent in English, both verbal and in writing




  • Hands-on, accurate and proactive




  • Excellent communication skills




  • Ability to build strong working relationships with colleagues from different countries and cultures.



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