Company Overview
Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.
If you're interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.
Position Summary
The AVP, Assistant Portfolio Controller will ensure that property accounting and fund financial information is accurately captured, classified, and recorded in the form of financial statements for assigned portfolios. This position will provide timely and accurate internal and external reporting about assigned Berkshire Equity Funds financial and operational matters.
Responsibilities include, but are not limited to: Oversee assigned property and/or debt investment accounting staff and review account reconciliations and financial statements prepared by themOversee the monthly property and/or debt investment and Fund/Account closing and consolidation process for their portfoliosAnalyze, understand, and budget to actual results for discussion with senior executivesResponsible for preparation and review of the quarterly financial statements and investor reportsMonitor accounting and reporting compliance with Fund/Account partnership agreements and investor side lettersManage investment management fee and incentive fee calculationsPrepare joint venture waterfall calculations, as applicableManage preparation of the capital accounts, including roll-forwards and the quarterly ownership recalculations, where applicableManage the returns calculations (TWR or IRRs) and dividend yieldsResponsible for calculation of distributions to general and limited partners, noncontrolling interest partners, property and/or debt investment distributions and Fund/Account distributions on a monthly/quarterly basis, or when applicable, for assigned portfoliosWhere applicable, perform or oversee preparation of debt covenant compliance and debt service requirements of investor loansWhere applicable, perform the calculation of debt fair market valueOversee external audit process for assigned portfolioManage third party relationships with joint venture partners, servicers or fee managed property owners, as applicableManage and develop accounting staffManage adherence to internal controls surrounding financial reporting disclosure and compliance, and enhance internal controls as neededPerform other ad hoc accounting duties as requiredConsistently demonstrate use of tact and discretion. JOB QUALIFICATION REQUIREMENTS: Knowledge/Experience:Minimum of five (5) years of experience, seven (7) years preferred, including real estate or private equity industryDemonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtualFair value financial reporting experience preferredInternal controls - Registered Investment Adviser / Sarbanes Oxley experience preferredExperience with financial statements preparation requiredStrong Analytical skills with attention to detailsYardi experience preferredMeeting time sensitive deadlines and managing variable workloadsAptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solvingDemonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communicationsAbility to communicate with and manage up to senior managementCollaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethicDemonstrate emotional intelligence in high pressure and sensitive situationsTenacity, patience, and perseverance to work with business deals from beginning to end of processRepresent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilitiesMaintain confidentiality of sensitive information and communications of informationDevelop productive working relationships with all team members including internal clients and external third partiesDemonstrated high level of ethics and integrity with a straightforward and honest approachTechnical/Educational Requirements:Bachelor's degree required; accounting concentration preferredCPA license and public accounting experience preferredDemonstrated advanced financial modeling and Exell skills requiredDemonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs)Proficiency with computers, keyboards, monitors and telephone headsets.Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point)
Berkshire Residential offers an excellent benefits package, focusing on our employees' total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our Careers page for full details - and to learn more about how we value our employees.
Berkshire Residential values diversity, equity, inclusion and belonging. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.