Soni Resources Group
AVP Controller
Soni Resources Group, Boston, Massachusetts, us, 02298
The
Assistant Portfolio Controller (AVP)
will oversee the financial reporting for properties and investment funds. This role involves ensuring accurate recording and reporting of financial information both internally and externally, with a particular focus on fund accounting. The AVP will be responsible for managing accounting processes, reviewing financial statements, and preparing investor reports for assigned portfolios. Key Responsibilities: Supervise accounting staff and review their work, including account reconciliations and financial statements for properties and funds. Manage the monthly fund closing process, ensuring the timely and accurate preparation of fund financial statements and consolidation. Oversee and ensure the accurate calculation of investment performance metrics (e.g., IRRs, TWR) for assigned portfolios. Prepare and review quarterly fund financial statements and investor reports, ensuring compliance with fund agreements and investor side letters. Calculate and review investment management fees, incentive fees, distributions, and returns for both property and fund portfolios. Ensure compliance with fund accounting standards, partnership agreements, and investor reporting requirements. Oversee debt covenant compliance and ensure debt service requirements are met for investor loans, where applicable. Manage the preparation of capital accounts, ownership recalculations, and joint venture waterfall calculations, as necessary. Oversee external audits for assigned funds and portfolios, ensuring timely and accurate reporting. Manage relationships with joint venture partners, servicers, and other external stakeholders. Lead and develop accounting staff, ensuring adherence to internal controls and compliance with financial reporting standards. Handle ad-hoc accounting tasks as required, including special projects related to fund accounting. Qualifications: Minimum of 6 years of experience in real estate or private equity, with a strong focus on fund accounting (7 years preferred). Experience with fund financial reporting, including preparation of financial statements, investor reports, and fund performance metrics. Proven management experience with the ability to lead and develop teams. Strong understanding of fund accounting practices, including portfolio performance calculations (e.g., TWR, IRR), investment fees, and distributions. Proficiency with financial modeling, Excel, and Yardi (preferred). Strong analytical skills with attention to detail. Excellent communication skills and the ability to manage multiple priorities and deadlines. Bachelor's degree in Accounting or related field (CPA preferred). Ability to learn and use new technology and software systems. Additional Skills: Strong attention to detail and analytical skills. Ability to communicate effectively with senior management and stakeholders. Team-oriented, with a commitment to excellence in work product. Ability to maintain confidentiality and demonstrate high ethical standards. Strong problem-solving skills and the ability to think critically and strategically. Benefits: We offer a comprehensive benefits package focused on physical, mental, financial, and behavioral wellbeing. We are committed to diversity and equal opportunities for all employees and applicants.
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Assistant Portfolio Controller (AVP)
will oversee the financial reporting for properties and investment funds. This role involves ensuring accurate recording and reporting of financial information both internally and externally, with a particular focus on fund accounting. The AVP will be responsible for managing accounting processes, reviewing financial statements, and preparing investor reports for assigned portfolios. Key Responsibilities: Supervise accounting staff and review their work, including account reconciliations and financial statements for properties and funds. Manage the monthly fund closing process, ensuring the timely and accurate preparation of fund financial statements and consolidation. Oversee and ensure the accurate calculation of investment performance metrics (e.g., IRRs, TWR) for assigned portfolios. Prepare and review quarterly fund financial statements and investor reports, ensuring compliance with fund agreements and investor side letters. Calculate and review investment management fees, incentive fees, distributions, and returns for both property and fund portfolios. Ensure compliance with fund accounting standards, partnership agreements, and investor reporting requirements. Oversee debt covenant compliance and ensure debt service requirements are met for investor loans, where applicable. Manage the preparation of capital accounts, ownership recalculations, and joint venture waterfall calculations, as necessary. Oversee external audits for assigned funds and portfolios, ensuring timely and accurate reporting. Manage relationships with joint venture partners, servicers, and other external stakeholders. Lead and develop accounting staff, ensuring adherence to internal controls and compliance with financial reporting standards. Handle ad-hoc accounting tasks as required, including special projects related to fund accounting. Qualifications: Minimum of 6 years of experience in real estate or private equity, with a strong focus on fund accounting (7 years preferred). Experience with fund financial reporting, including preparation of financial statements, investor reports, and fund performance metrics. Proven management experience with the ability to lead and develop teams. Strong understanding of fund accounting practices, including portfolio performance calculations (e.g., TWR, IRR), investment fees, and distributions. Proficiency with financial modeling, Excel, and Yardi (preferred). Strong analytical skills with attention to detail. Excellent communication skills and the ability to manage multiple priorities and deadlines. Bachelor's degree in Accounting or related field (CPA preferred). Ability to learn and use new technology and software systems. Additional Skills: Strong attention to detail and analytical skills. Ability to communicate effectively with senior management and stakeholders. Team-oriented, with a commitment to excellence in work product. Ability to maintain confidentiality and demonstrate high ethical standards. Strong problem-solving skills and the ability to think critically and strategically. Benefits: We offer a comprehensive benefits package focused on physical, mental, financial, and behavioral wellbeing. We are committed to diversity and equal opportunities for all employees and applicants.
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