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Fund Controller
About Longmark Group
Longmark Group is an alternative asset management platform specializing in residential real estate. With a mission to redefine the industry, Longmark approaches asset management differently, starting with operational excellence as its foundation and evolving into a leader in capital markets innovation.
Since 2021, the team at Longmark has acquired and managed single-family rental properties in high-demand markets across the Midwest and Sun Belt. Backed by a 100+ person team with expertise at top institutions like Blackstone, Progress Residential, and Goldman Sachs and led by CEO Brian Hardecker, Longmark embodies its core values:
- Innovative Thinking, Grounded Execution: Longmark challenges traditional approaches, combining innovative strategies with disciplined execution to drive smarter investments.
- Principled Leadership: Trust is built on fairness and transparency. Longmark commits to doing what’s right, ensuring every decision reflects a focus on sustainable success.
- Entrepreneurial Spirit and Strength: Longmark fosters bold action, empowering its team to think critically, act decisively, and innovate confidently within a framework of operational excellence.
- Data Sophistication: Advanced data capabilities drive precision in decision-making, ensuring exceptional outcomes for investors and partners.
We’re building the world’s largest alternative asset manager the smart way and are seeking dynamic professionals who want to be part of this journey.
The Fund Controller will lead all aspects of fund- and JV-level accounting, financial reporting, and investor reporting for multiple real estate investment vehicles, with a primary focus on commingled funds investing in residential real estate portfolios through debt and equity investments. This role will work closely with asset management, acquisitions, and leadership, and will be both strategic and hands-on. The Fund Controller is responsible for building scalable processes, ensuring GAAP compliance, delivering timely and accurate reporting, and serving as a primary point of contact for investor financial matters. The ideal candidate has extensive experience in real estate fund accounting, particularly with commingled fund structures, understands complex residential real estate investment structures, has direct exposure to real estate equity accounting, possesses working knowledge of real estate loan accounting and debt compliance reporting, and thrives in a high-growth, entrepreneurial environment.
The ideal candidate has deep experience in fund accounting for real estate investments, understands complex JV structures, and thrives in a high-growth, entrepreneurial environment.
RESPONSIBILITIES:
Fund and JV Accounting
- Provide hands-on oversight and execution of fund/JV accounting for residential real estate portfolios, scaling processes, enhancing investor communications, and influencing finance strategy.
- Lead the preparation and review of quarterly and annual financial statements for real estate funds, JVs, and other investment vehicles in accordance with US GAAP.
- Manage accounting for multiple fund & JV vehicles, including tracking capital contributions, preferred returns, promote calculations, and waterfalls.
- Account for equity investments in SFR portfolios, including property acquisition cost allocations, valuation adjustments, and performance tracking.
- Oversee real estate loan accounting processes, including tracking loan balances, interest accruals, amortization schedules, covenant compliance, and lender reporting requirements.
- Coordinate and review capital calls, distributions, and investor notices.
- Maintain fund-level general ledgers, supporting schedules, and reconciliations.
- Lead annual fund audits and manage relationships with external auditors and tax preparers.
- Ensure compliance with partnership agreements, accounting standards and investor reporting obligations.
Investor Reporting
- Prepare and review quarterly investor reporting packages, including financials, performance metrics, and portfolio summaries.
- Service as the financial point of contact for investors and JV partners, addressing inquiries and providing analysis.
- Partner with internal stakeholders to improve the clarity, timeliness, and presentation of reporting packages.
Process & Technology
- Drive automation and system enhancements to streamline fund accounting and reporting.
- Evaluate and implement new tools, systems, and reporting methodologies to support scalability.
- Partner with product, technology, operations and investment teams to integrate data and improve accuracy.
QUALIFICATIONS:
- Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred).
- 7+ years of accounting experience, with at least 3 years in fund accounting for real estate private equity, investment funds or similar firms.
- Proven track record managing complex JV structures and waterfall calculations.
- Experience with real estate debt & equity accounting, particularly for large-scale SFR & MFR portfolios, including acquisition, stabilization, and disposition phases.
- Strong understanding of GAAP, partnership accounting, and financial reporting requirements.
- Experience managing and developing accounting teams.
- Proficiency in accounting software and advanced Excel skills.
- Exceptional attention to detail, organizational skills, and ability to meet tight deadlines.
- Strong communication skills and the ability to work cross-functionally.
Why Join Longmark Group?
At Longmark Group, our innovative strategies and culture empower every team member to make meaningful contributions and drive exceptional outcomes for investors and communities alike. Joining Longmark means joining a company that values expertise, collaboration, and a commitment to excellence.
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