Clarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 38 years. Headquartered in New York, the firm has offices in major markets throughout the U.S. and Europe. With over $50 billion in total assets under management, Clarion Partners offers a broad range of both debt and equity real estate strategies across the risk/return spectrum to its more than 350 domestic and international institutional investors. More information is available at www.clarionpartners.com.
The Assistant Controller is a key member of the Fund accounting and finance team. The Assistant Controller is responsible for managing portfolio accountants, ensuring control over property accounting and fund level reporting as well as various other projects and recurring responsibilities. Various closed-end funds / diversified structure gives the opportunity to work on multiple asset classes with various ownership structures as well as oversee the accounting of both acquisitions and dispositions of investments. The legal / tax structure of the Fund further provides opportunities to work on various tax planning strategies and investor specific projects.
Role / Responsibilities
Responsible for the accounting and reporting of direct real estate investments, complex joint ventures, and the associated consolidations and reporting.
Effectively manage the portfolio accountants’ oversight of third?party managers and property level financial review process.
Review closing entries for asset acquisitions, dispositions and financings.
Review quarterly consolidation, financial report, and client reporting.
Manage year-end audit and financial statement preparation.
Responsible for debt compliance, including the analysis of loan documents to ensure that the reporting and compliance requirements are met.
Work with the firm’s corporate accounting and performance measurement teams to assist with the calculation of the firm’s performance metrics, the corporate budget, and regulatory requirements.
Work closely with internal asset management and portfolio management teams.
Work closely with third party service providers (audit firms, tax preparers, legal counsel).
Handle investor requests, interacting with clients both directly and indirectly.
8-10 years’ experience, primarily in real estate portfolio accounting
Public accounting experience required (Big 4 preferred)
Strong analytical skills required
Strong excel and data management skills required
Strong written and verbal communication skills required
MRI or Yardi experience a plus
REIT structure experience a plus
Private equity experience a plus
About Clarion Partners
Clarion Partners, one of the largest real estate investment managers in the Americas, has managed investment real estate on behalf of institutional investors for more than 35 years. Our consistent investment philosophy is grounded in fundamental research and a broad operating platform with 7 offices strategically located across the United States. Clarion’s investment capabilities span the spectrum from core to opportunistic investments in both the equity and debt sectors.