Assistant Controller - Private Equity at ELDRIDGE ACRE PARTNERS LP

Los Angeles, California, United States -

Full Time

Start Date

Immediate

Expiry Date

09 Jun, 26

Salary

165000.0

Posted On

11 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Fund Accounting, Financial Reporting, Cash Management, Capital Calls, Distributions, Credit Facility Compliance, Investment Valuation, Bank Reconciliations, Journal Entries, Payables, Receivables, Accruals, U.S. GAAP, Partnership Accounting, Audit Support, Process Improvements

Industry

Financial Services

Description

Description Company Eldridge Acre Partners (“EAP” or the “Company”) is an SEC registered investment advisor and institutional investment manager focused on large scale, institutional quality commercial real estate projects across U.S. markets. The team’s differentiated backgrounds and hands-on approach means EAP brings far more than capital to each deal. EAP is well-positioned to find value, especially during periods of uncertainty, in situations where the expertise and capabilities they contribute gives them the opportunity to capture additional upside. The Company operates in strategic partnership with Eldridge Industries. Leveraging a unique blend of investment acumen and in-house design & construction expertise, EAP targets investments in U.S. commercial and residential real estate on behalf of a diverse global investor base. EAP is the successor operating business to AECOM Capital Real Estate and provides support in respect of AECOM Capital’s existing investments and related investment vehicles. EAP is an independently owned and operated firm unaffiliated with AECOM. EAP invests via discretionary closed-end funds and also benefits from Eldridge’s access to capital and global relationships. EAP’s clients include sovereign wealth, family office, and other institutional capital sources. EAP has a national portfolio located in markets including Florida, Nashville, Raleigh, D.C., San Francisco, Los Angeles, Chicago, New York City, and Seattle among others. The majority of assets are residential apartments, student housing, commercial and mixed-use among other asset types. The Company is heavily focused on build-to-core ground-up development deals given their in-house construction team. More information can be found at https://www.eldridgeacre.com/ Responsibilities Reporting to the Controller, the Assistant Controller - Private Equity will manage accounting, financial reporting and other operating activities as needed. Responsibilities include: Fund Accounting & Operations: Day to day oversight of multiple funds, parallel funds, and related investment vehicles with complex structures Review deliverables from fund administrators including NAV packages, financial statements, capital activity, investor allocations, carried interest and waterfall calculations Manage fund liquidity, including cash management and projections, capital calls, distributions and credit facilities Responsible for credit facility compliance Support the quarterly investment valuation process with asset management team Management Company Accounting: Oversee accounting for the management and advisory companies Review bank reconciliations, journal entries, expense reports, credit card transactions, payables, receivables, accruals, amortization schedules, financial statements and other accounting related transactions Responsible for budgets, cash management and cash projections Team Leadership and Development: Supervise and mentor accounting staff including fund accountant and management company accountant Establish roles, responsibilities and performance goals for accounting staff Support staff development through training and coaching Other: Set up and maintain general ledger for new joint venture investments Coordinate quarterly and annual U.S. GAAP financial reporting requirements for all entities in compliance with partnership agreements Assist with compliance requests for regulatory reporting Manage annual audit process and respond to audit requests Coordinate with external tax teams to manage tax reporting deadlines, respond to requests, review tax returns. Maintain and improve internal accounting controls and documentation Drive process improvements as the firm scales Assist with implementation of new processes and procedures, including the onboarding of funds to an administrator, improvements in operational processes or expanding our coordination with offshore resources. Participate in special projects as needed Requirements Approximately 4-6 years of relevant experience Private equity and/or public accounting experience Bachelor’s degree in accounting, real estate, or related field from a 4-year college or university Strong knowledge of U.S. GAAP and partnership accounting Experience with complex fund structures Prior supervisory experience Additional Qualifications Include CPA license preferred Prior experience with real estate and debt funds preferred Prior experience at a fund administrator preferred Outstanding interpersonal and verbal/written communication skills Experience supporting audits and regulatory filings Strong analytical and problem-solving skills Excellent organization and time management skills Ability to work independently and collaboratively in a fast-paced environment Location Century City, California Work Schedule Work in Century City office, in-person, five days a week. Compensation & Benefits The expected salary range for this role is between $140,000 - $165,000 annually. Benefits include medical, dental, vision, life/AD&D/short-term and long-term disability benefits, flexible time off, and an employer-sponsored 401(k) plan. Daily in-office lunch and monthly parking.

Responsibilities

The Assistant Controller will manage accounting, financial reporting, and operating activities, including day-to-day oversight of multiple complex funds, reviewing administrator deliverables, and managing fund liquidity. Additionally, responsibilities cover management company accounting, supervising accounting staff, and coordinating quarterly/annual financial reporting.