Logo
Atlas Search

Controller

Atlas Search, Chicago, Illinois, United States, 60290

Save Job

Base pay range $200,000.00/yr - $250,000.00/yr

Reports To:

CFO

Company Overview My client is a real estate investment firm focused on originating and managing residential debt investments, including bridge loans, construction loans, and permanent financing solutions. Our portfolios span across multiple geographies and loan structures, offering investors strong risk-adjusted returns. They are seeking a

Senior Fund Controller

to manage the financial operations, reporting, and compliance for our residential debt funds.

Position Summary The Senior Fund Controller will lead all fund-level accounting, reporting, and operational finance for a growing portfolio of residential debt investment vehicles. This role is ideal for someone with a deep understanding of real estate private equity or credit fund structures and fund accounting best practices. You’ll work closely with senior leadership, fund administrators, auditors, and investors.

Key Responsibilities

Oversee all accounting and financial reporting for multiple residential debt funds (open- and closed-end)

Prepare and review quarterly and annual financial statements in accordance with GAAP and fund governing documents

Maintain accurate books and records, including journal entries, capital accounts, accruals, and intercompany activity

Manage fund waterfalls, promote calculations, and carried interest tracking

Coordinate and review NAV calculations and capital call/distribution notices

Investor Relations & Compliance

Support investor reporting processes including capital account statements, performance metrics, and ad hoc data requests

Ensure compliance with fund documents, SEC/IRS requirements, and applicable regulatory frameworks

Assist with audits, tax returns (including K-1 coordination), and investor due diligence

Collaborate with legal and operations teams on fund structuring, side letters, and new fund launches

Operations & Process Optimization

Interface with third-party fund administrators and custodians; review their outputs for accuracy

Monitor loan performance, income recognition, and cash flows from underlying debt assets

Improve reporting workflows, internal controls, and technology tools to enhance fund operations

Track investment-level data such as principal paydowns, interest collections, and impairments

Qualifications

Bachelor's degree in Accounting or Finance (CPA preferred)

7+ years of experience in fund accounting, with at least 3 years in a controller or fund finance leadership role

Experience with real estate private equity or private credit funds – residential mortgage/debt exposure strongly preferred

Deep understanding of fund structures (LP/GP), capital account maintenance, and debt investment modeling

Strong communication and organizational skills; detail-oriented and deadline-driven

Seniority level

Director

Employment type

Full-time

Job function

Accounting/Auditing

#J-18808-Ljbffr