19 days old

Vice President / Controller, Real Estate Funds

Boyd Watterson Asset Management
Chicago, IL 60606
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  • Job Code
    141432605

Boyd Watterson is a fast-growing company that focuses on sustaining our collegial culture as it expands. Honesty and integrity are fundamental to our character and relationships. Our managers are dedicated to being available and attentively listening to employees.

The Opportunity

The Controller in the Real Estate Funds accounting and administration team is responsible for managing the accounting function for specific Fund(s) and other real estate products. The Controllers' primary responsibility is to ensure that the related financial reports are completed accurately and timely. The Controller manages the external vendors that provide accounting and fund administration. Assists the Real Estate team with financial analysis, forecasting and budgeting. Manages and directs audits, tax return preparation and filing, and other regulatory and investor reports.

Company Overview

Boyd Watterson Asset Management, LLC is an independent investment advisor specializing in fixed income, real estate, and equities. We deliver investment solutions tailored to meet the needs of Taft-Hartley funds, foundations and endowments, religious organizations, public entities, corporations, insurance companies, and advisory channel clients.

Our fixed income investment strategies range from short-term to liability-driven investing and high-quality to high yield. Our real estate strategies are derived from our specialized capabilities in acquiring and managing real estate leased to the US General Services Administration (GSA), which houses key federal agencies nationwide, as well as state and local government agencies. Our equity capabilities are focused on domestic and dollar-denominated international large-capitalization, income-oriented strategies. We offer separately managed accounts, mutual funds, sub-advisory services, and bespoke solutions.



Manage both internal and external resources to ensure that all accounting functions and reports are completed accurately and timely.

  1. Ensure that policies and procedures are followed. Ensure that monthly property financial statements are prepared accurately and timely and that the consolidated financial statements properly reflect the combined results of the properties.
  2. Review each Fund's consolidated financial statements and supporting workpapers.
  3. Coordinate year-end audit and tax work with public accountants.

Provide meaningful analysis and structure to enhance investor return.

  1. Deep understanding of the capabilities of the technology systems utilized in the accounting and reporting processes. Streamline workflow and processes by optimizing the use of the systems.
  2. Review variance analysis, summarize significant findings / trends, and provide reporting to management.
  3. Review and challenge budgets and forecasts to ensure that budgeted / forecasted results produce expected returns for Investors.
  4. With Asset Management, provide reporting to Portfolio Management regarding fund-level actual and projected returns. Highlight areas where differences exist and ensure that corrective actions are documented.
  5. Performance (returns) Understand historical, current period and projected returns. Identify trends and provide insight to management.
  6. Partner with Asset Management to ensure that processes exist to optimize Capex and repair and maintenance expense.
  7. Partner with Asset Management to ensure that more complex transactions are managed closely and that the right reporting exists. This includes construction projects, joint ventures, etc.

Manage cash flows.

  1. Manage all bank relations and processes (other than lending relationships).
  2. Control the new account set up for entities.
  3. Review monthly bank accounts.
  4. Establish appropriate processes around cash receipts and disbursements.
  5. Prepare cash projections and provide insight as to optimization of cash flows, leverage, etc.
  6. Establish process to optimize distributions to investors while complying with regulatory limitations. Review the supporting work papers to ensure that process is properly followed. Recommend amounts and facilitate distribution.

Administration

  1. Provide direction, mentoring and training to the Fund Accountant(s) in the successful completion of the duties and responsibilities outlined in the Position Description(s).

Education, Skills, Personal Characteristics and Work Experience Requirements:

  1. Bachelor's degree in Accounting.
  2. Strong knowledge of Generally Accepted Accounting Principles.
  3. 10-year plus public and/or private accounting, real estate accounting preferred.
  4. Excellent working knowledge of Excel, Microsoft office products, Yardi required.
  5. Ability to work in a fast-paced environment and to multitask.





PI141432605

Posted: 2021-07-13 Expires: 2021-08-14

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Vice President / Controller, Real Estate Funds

Boyd Watterson Asset Management
Chicago, IL 60606

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