Fund Controller

Company: DivCore
Location: San Francisco
Posted on: March 12, 2025

Job Description:

Founded in 1993, DivcoWest is a multi-disciplinary real estate investment firm headquartered in San Francisco, with offices in Los Angeles, Menlo Park, Cambridge, Washington DC, Austin, and New York City. Known for our long-standing relationships and track record of success in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach.DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance the health, happiness, and well-being of all people. A disciplined code of ethics is at the core of all that we do. We believe that the collective energy of a diverse team is what drives our creative ideas and solutions.SummaryDivcoWest is looking for a Fund Controller who will work out of our headquarter office in San Francisco. Under the supervision of the Senior Controller, the Controller will perform various duties to support the monthly, quarterly and annual close process, along with providing tax accountants and auditors with information for the accounts assigned to them.This role requires 3 days in office at our San Francisco, CA location.Responsibilities

• Oversee, mentor, and provide professional development opportunities for respective Investor Reporting team members.
• Manage and monitor liquidity of investment vehicles. Conduct investment vehicle level cash analysis, cash projections/planning for investment vehicles, and manage draws/paydowns on subscription facilities (as applicable).
• Approve payables/expenditure workflow - NEXUS (AP system), Paymode-X/Kyriba (payment processing) & MRI (GL system).
• Identify accounting and tax issues, research accounting considerations and potential conclusions, consult with audit firms and tax consultants as needed.
• Oversee external accounting consultants, third-party service providers, and joint venture partners to support reporting deliverables.
• Be available to respond to internal & external inquiries. Maintain relationships with investors and other stakeholders, providing them with accurate and timely financial information.Monthly Responsibilities
  • Roll-up and reconciliation of investment accounts for various Separate Account, Co-mingled Fund, Joint Ventures, and/or Co-Investments.
  • Oversee the preparation of monthly financials for various investment vehicles, where applicable.
  • Record month-end journal entries and facilitate the closing process.
  • Maintain the general ledger and update supporting schedules and workbooks.
  • Lead the quarter-end close process, preparation, and review of financial statements.
  • Prepare, coordinate finalization, and review of quarterly investor reporting packages.
  • Maintain partner capital accounts.
  • Identify cash sources and uses, such as investor capital calls, distributions, financing draws and paydown coordination with lenders, compliance reporting, and general cash management.
  • Prepare ad hoc reports to investors.
  • Coordinate with tax accountants and advisors to ensure compliance with REIT regulations.Annual Responsibilities
    • Prepare financial packages for auditors, including financial statement preparation & footnote disclosures.
    • Prepare financial packages for tax accountants and review partnership tax returns.
    • Be available to respond to tax & audit inquiries.Additional Responsibilities
      • Identify and implement improvements in policies and procedures.
      • Work directly with Development Accounting, Property Accounting, Investment Teams, Portfolio Managers, Legal Counsel, Compliance, Chief Accounting Officer, Analytics, Capital Strategies and Formation, and Senior Controller on ad hoc projects.
      • Oversee group level projects and collaborate with other departments on company projects and initiatives.
      • Provide oversight on accounting analysis on onboarding new investment vehicles, acquisitions, financing, and dispositions.
      • Thrive in a fast-paced environment, motivated by learning and teaching, and value problem solving critically.
      • Assess resourcing needs and actively participate in hiring and oversight of team members.
      • Manage investor relations and communications.
      • Understand & interpret specific legal agreements (LP Agreements, LLC Agreements, Loan Agreements).
      • Collaborate with Treasury to support treasury needs.
      • Maintain the confidentiality of all Company procedures.
      • Follow all Company Policies and Procedures.
      • Comply with all Company training requirements.
      • Maintain safe working environment.
      • Regular attendance at the job is essential.
      • Maintain a courteous, helpful and professional attitude on the job. Display a willingness and ability to be responsive to all customer groups.
      • May be required to provide administrative support to other personnel.
      • Perform other duties as assigned in a positive and helpful manner.Qualifications
        • Bachelor's degree in accounting and with 5+ years accounting work experience. Real estate, private equity, financial services, strongly preferred. Additional experience in the development, multi-family spaces, or debt funds is a bonus.
        • Public accounting background.
        • CPA preferred.
        • Must have experience in Excel, Word, and Outlook.
        • MRI and Juniper Square experiences are highly preferred.
        • Working knowledge of partnership/fund accounting concepts.
        • Must be able to evaluate significant accounting transactions; research and implement relevant accounting technical standards.
        • Strong interpersonal skills and ability to create positive work environment for the team.
        • Exceedingly well organized, very flexible, and strong follow through.
        • Must be a self-starter that is highly motivated, deadline and detail oriented, and understands a sense of urgency.
        • Proactive, resourceful, efficient with strong decision-making skills; works independently with minimal supervision.
        • Expert level written and verbal communication skills; must possess high-level of professionalism and strong communication skills.
        • Prioritize and manage multiple projects simultaneously and follow through on issues in a timely manner.
        • Ability to interact with staff at all levels and personality types in a fast-paced environment sometimes under pressure.
        • Detail-oriented, a learner and problem-solver with an active, curious intellect.Physical Requirements
          • Remain in a stationary position for 75% of the time working on a computer and attending virtual meetings.
          • Occasionally move about the office to access file cabinets, office technology, and attend meetings etc.Compensation
            • $195,000-230,000
            • Annual bonus opportunity
            • Full benefits
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Keywords: DivCore, San Francisco , Fund Controller, Accounting, Auditing , San Francisco, California