Director, Assistant Controller, Private Real Estate

Cohen & Steers

New York, NY

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JOB DETAILS

SALARY

$145,000–$160,000 Per Year

SKILLS

Accounting, Accounting Consolidation, Accounting Standards and Regulations, Analysis Skills, Auditing, Business Processes, Certified Public Accountant (CPA), Communication Skills, Cost Accounting, Derivatives, Detail Oriented, Diversity, Finance, Financial Analysis, Financial Control, Financial Operations, Financial Reporting, Financial Statements, Generally Accepted Accounting Principles (GAAP), Historical Cost Principle, Interpersonal Skills, Legal, Microsoft Excel, Multitasking, Presentation/Verbal Skills, Private Funding, Public Accounting, Real Estate, Reporting Skills, Research Skills, SEC Filings, Sarbanes-Oxley Act (SOX), Technical Accounting, Technical Research, Time Management, Treasury, Writing Skills

LOCATION

New York, NY

POSTED

1 day ago

Job Title: Director, Assistant Controller, Private Real Estate

Department: Finance

Reports To: Vice President, Private Equity Controller

FLSA Code: Exempt

Estimated Salary: $145,000 - $160,000

Job Summary:

Integral part of a team that plays a critical role in the oversight for accounting, financial reporting, valuation, treasury, and operations for our a public Non-Traded REIT, with additional exposure to a private equity fund. Unparalleled exposure across public and private real estate vehicles (both historical cost and fair value). Cohen & Steers is committed to an inclusive culture, valuing diversity in support of our people and clients.

Major Responsibilities/Activities:

Ensuring that all investments are accounted for in accordance with US GAAP. Conduct technical accounting research and ensure appropriate application to investments. Complex accounting areas can include purchase price accounting, impairments, consolidation accounting, lease accounting, derivatives, valuation, NAV reporting, and implementation of new accounting standards
Ownership of monthly and quarterly SEC filings, such as 8-Ks, 10-Qs and 10-Ks and gain significant financial reporting experience
Act as primary for oversight of third-party administrators and joint venture partners who generally prepare monthly and quarterly financial statement packages
Frequent collaboration with investment and legal personnel
Analyze monthly and quarterly financial statement variances
Ability to review and gain experience on both historical accounting and fair value books and records
Maintain and enhance efficient SOX-compliant internal controls and business processes
Ability to gain treasury experience by analyzing cash positions and ensuring movement of cash across entities for acquisitions, capital calls and cash distributions are made timely
Assist in the valuation process by reviewing certain valuations provided by our independent valuation advisor

Minimum Requirements:

6-9 years of related experience auditing or working at equity REITs or other historical cost real estate funds (historical cost accounting experience is required)
BA/BS in Accounting
Big 4 Public accounting experience is recommended
CPA license is required
Demonstrates inclusive behaviors in support of a culture that values diverse perspectives
Agrees to comply with the firm's hybrid work policy ("work from home policy," as aligned with the Company's employee handbook), which currently requires reporting to the Company's New York City office four (4) days per week, with one (1) remote workday permitted.

The ideal candidate would have the following skills:

Strong technical accounting/historical cost accounting/US GAAP knowledge
Strong attention to detail, follows tasks through to completion and has a high sense of urgency
Ability to multi-task, be efficient and execute on deadlines
Strong communication skills, excellent interpersonal skills, both oral and written
Ability to institutionalize processes
Comfortable working in a changing and dynamic environment
Self-starter, someone who can operate in a fast-passed environment and can work independently and responsibly with limited supervision
Strong proficiency in Microsoft Excel
Motivation to take on additional tasks and get a wide breadth of exposure
Critical thinking

Note: This job description reflects management's assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. The job title or duties and responsibilities may be changed by the Company at any time.

Director, Assistant Controller, Private Real Estate

Cohen & Steers

New York, NY

About the Company

Cohen & Steers

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