Overview
Assistant Controller / Controller, Finance & Accounting Jobs in San Francisco, CA at Accord Group Holdings LLC
Title: Assistant Controller / Controller, Finance & Accounting
Company: Accord Group Holdings LLC
Location: San Francisco, CA
Company Overview:
Accord, through its affiliates, is a global capital advisor, principal investor and investment manager. With its headquarters in San Francisco and personnel in Chicago, London, Munich and Hong Kong, Accord seeks to catalyze GP business plans using a creative, “one-stop shopping” approach that harnesses both strategic capital and global capital advisory expertise to unlock complexity and build long-term enterprise value for sponsors. Accord has completed approximately $15 billion in transaction activity since its inception in 2013, with a majority representing cross-border transactions. Accord Capital Partners, its broker/dealer affiliate, provides advisory and capital raising services in the United States. Accord Europe Limited, its broker/dealer affiliate, provides advisory and capital raising services in the United Kingdom & Europe.
Position Summary:
The Assistant Controller/Controller, Finance & Accounting will help to oversee fund-level accounting and finance processes of the Accord-managed funds as well as its parent entity, Accord Group Holdings, LLC and its various broker/dealer subsidiaries. This position will be responsible for issuing financial statements for these various entities as well as work with the accounting and asset management teams in managing the fund operations. The Assistant Controller/Controller, Finance & Accounting will be primarily accountable for the accurate and timely accounting and reporting for all Accord-related entities and will be a key point of contact for all business and other functional teams. The ideal candidate must have a strong technical accounting background, be comfortable and confident navigating through new and complex accounting matters in a globally-focused firm, possess outstanding communication and writing skills, be attentive to details and deadlines, be able to prioritize and manage multiple tasks while working in a team environment. This position will be one of the firm’s primary reviewers of property-level monthly and quarterly financial statements and supporting workpapers.
Core Responsibilities:
- Prepare quarterly financial reports and annual audited financial statements in accordance with GAAP and IFRS, including fair value accounting, footnote disclosures, and debt compliance
- Manage corporate, fund and property-level cash operations, ranging from wire/ACH transfers, and revolving credit line borrowings/paydowns to 12-month cash flow budgets and sizing of capital contributions and distributions (including waterfall calculations) for Managing Partner approval
- Review quarterly third-party financial reports, working with investee company portfolio management, property accountant, and property manager staff on variance analysis and adjustments
- Coordination with all other teams:
- Asset Management for ongoing observance of property operations, including cash requirements, annual budget updates, quarterly internal reporting presentations, quarterly partner update letters, and disposition/other memos
- Portfolio Management to calculate, analyze, and report fund- and investment-level performance returns, prepare quarterly internal and semiannual external fund presentations, and advise on executing the strategy of the fund(s)
- Investment team members to understand timing, structure, cash commitments, treasury needs, and reporting requirements of upcoming transactions
- Investor relations for quarterly reporting and ad hoc investor requests
- Oversee team of outsourced senior- and staff-level accountants and provide management oversight of their accounting responsibilities including review of financial packages, maintaining accrual and receivable schedules, completing bank reconciliations, generating audit, tax, and investor requests, and updating the Juniper Square investor database
- Create acquisition, financing, and disposition entries, including gain calculations, across all equity investment transactions
- Direct activities of principal-ownership entities, including contributions, distributions, and valuations
- Oversee corporate-level accounting operations, including budgeting, cash flow projections, and accounts payable
- Serve as the accounting representative on Accord’s Valuation Committee, including documenting and maintaining compliance with valuation guidelines
- Comply with and maintain internal controls, policies, and procedures while preserving an entrepreneurial operating environment
- Reconcile all intercompany activity and review the consolidation of group accounts prepared by outsourced accountants
Qualifications:
- Bachelor’s degree in Accounting; Master’s degree and/or CPA preferred
- Approximately 6 + years’ professional experience in accounting, preferably with a large public accounting firm with a focus on private real estate clients
- Strong technical accounting background
- Strong command of fund and real estate accounting concepts
- Understanding of generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS) as it relates to fair market value of real estate and fund accounting
- Familiarity with GAAP research tools and the FASB codification
- Knowledge of and experience with REIT structures and taxation
- Effective problem-solving skills and sound judgement
- Excellent written and verbal communication skills
- Ability to function in a team-oriented setting and respond well to constructive criticism
- Strong organizational skills and the ability to perform and prioritize multiple tasks with a high attention to detail
- Tenacity toward meeting deadlines, with a strong sense of urgency and good self-management discipline
- Ability to work accurately and efficiently
Skills:
- Motivated self-starter with excellent communication and interpersonal skills; consistently engages with upper management, investee companies, and investors
- Team player who works well independently as well as with others
- Extremely organized multitasker with great attention to detail
- Strong sense of accountability for quality of own work and the work of the team
- Ability to think creatively and to take the lead in solving problems
- Proficient in Microsoft Office products (Excel, Word, PowerPoint, Teams, and Outlook)
- Proficient in Yardi
