Madison International Realty is a leading liquidity provider to real estate investors worldwide. Madison provides equity capital for real estate owners and investors seeking to monetize embedded equity, to replace capital partners seeking an exit and to recapitalize balance sheets. The firm provides equity for recapitalizations, partner buyouts and capital infusions; and acquires joint venture, limited partner and co-investment interests as principals. Madison invests in secondary transactions and focuses on existing properties and portfolios in the U.S., U.K., and Europe. Madison has offices in New York, Los Angeles, London, Luxembourg, Amsterdam, Frankfurt, Seoul, and Singapore.
We seek a Fund Controller on our Finance and Accounting team to do the following:
Responsibilities:
- Complete/review monthly, quarterly and annual financial reporting and statements for various private equity fund vehicles.
- Oversight of administrator to conduct accounting tasks.
- Review asset management fee calculations.
- Review payables allocation for all invoices allocated across entities.
- Ensure that credit facility and NAV facility schedules are updated and interest expense is calculated
- Coordinate with counterparties and internal team members to effectuate FX hedging transactions.
- Oversight of G/L operating system: Review and maintain oversight of journal entries and payables via administrator to ensure accurate general ledger reporting.
- Work with asset management group with respect to maintenance of fund models with respect to future expenses and investor distributions and investor capital calls.
- Act as a liaison with independent auditors and tax accountants, including the coordination and review of year-end audits, tax returns & K-1’s and interim procedures.
- Oversee quarterly tax estimates and REIT testing processes.
- Participate in valuation committee meetings.
- Timely completion of fund investor requests including side letter requirements, audit confirmations, tax estimates, etc.
- Preparation of capital call and distribution notices
- Assistance with special projects, as directed by Head of Fund Accounting and CFO
Role Requirements:
- Prior experience with management and oversight of junior staff/interns
- 7+ years of experience public/private accounting experience, preference of real estate clients
- Strong academic credentials from a top undergraduate business program, preferably with a major in accounting or finance
- CPA designation
- Advanced Excel skills
- Ability to work effectively independently as well as in a team setting
Intermediate to advanced technical skills will allow the ideal candidate to thrive in this role:
PowerPoint, Outlook, Teams, and Adobe Acrobat;
Excel including data cleaning, complex formula writing, graphing and charting, and pivot tables; andMicrosoft’s data analysis tools (Power Query, Power Pivot, Power BI, etc.), FIS Investran, Intuit Enterprise, QuickBooks Online, TripsWare, Concur, ChatGPT, and eFront
For New York Only: It is expected that the base salary range for this position will be $200,000 to $250,000. Actual salaries may vary based on factors such as skills, experiences and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an ‘at-will position’ and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors.