Real Estate Debt Fund Controller - Vice President

Position/Title: Real Estate Debt Fund Controller – Vice President  

Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $57 billion of assets, comprising real estate investments across nearly 90 markets in the U.S., and employs approximately 7,000 people across 50 offices, including its New York headquarters, Miami, London, Seoul, and Sydney. 

Pretium Residential Credit Management, LLC (“PRCM”) is an asset management firm that invests primarily in residential mortgage whole loans and real estate (“REO”). Its primary objective is to opportunistically invest in non- performing, re-performing, and sub-performing residential mortgage loans and REOs as well as residential transition loans (“RTLs”), multi-family, and homebuilder loans, with a focus on enhancing the value of the loans and properties through converting them into cash-flowing assets. This is done through execution of various loss mitigation strategies, including, where feasible, converting to re-performing loans through loan modifications. PRCM has extensive expertise in managing distressed residential real estate assets and investing in other distressed asset classes.

Position

PRCM is seeking a qualified candidate for the Vice President, Residential Credit Fund Controller position. Reporting to the Director, the successful candidate will manage and/or assist with all finance, accounting, tax, treasury and reporting activities for funds primarily focused on RTL, multi-family, and homebuilder loans. The ideal candidate will have a working understanding of the accounting and operations for residential mortgage loans and REO. The VP will play a critical role in the quarterly and annual financial statement close process, which includes working side-by-side with the fund administrator. The VP will be responsible for maintaining a strong internal control environment and will also be responsible for ensuring that all critical processes are conducted in accordance with PRCM’s documented policies and procedures. The ideal candidate must be a self-starter and is comfortable operating in a dynamic, fast-paced, and entrepreneurial environment. This position will provide exposure to many different areas of the business, including close interaction with multiple third-party vendors and financing partners, and has the potential for responsibilities to expand quickly. This position is based in Minneapolis, Minnesota.

Key Responsibilities

• Play a lead role in the production of quarterly and annual financial statements, including partner capital statements
• Manage and assist the auditors and fund administrator through the quarterly financial statement preparation and annual audit
• Oversee reconciliation of bank accounts
• Oversee the monthly debt rolls and compliance reporting
• Prepare the monthly loan rolls for each fund
• Manage cash and liquidity needs for the high touch financing facilities
• Assist with the quarterly and annual tax work
• Assist with ad hoc investor questions and periodic investor reporting

Requirements

• Bachelor's degree in accounting, or equivalent business experience
• Accounting experience: 6-8 years
• Self-starter comfortable operating in a dynamic, entrepreneurial environment with evolving roles and responsibilities
• Preference will be given to candidates with the Certified Public Accountant or Certified Management Accountant designations or MBA degree
• Strong preference will be given to candidates with relevant residential mortgage loan/RTL/homebuilder loan/REO accounting and operations experience
• Preference will be given to candidates with relevant private equity fund accounting experience
• Preference will be given to candidates with SQL and Tableau knowledge
• Microsoft Office (particularly strong in Microsoft Excel)

What We Offer

This position offers the opportunity to join a collegial, entrepreneurial firm committed to the personal and professional growth of its team members and to maintaining a positive, encouraging work environment. The company offers a comprehensive benefits and perks package, including:

• Employer-paid health, dental, vision and life insurance
• 401(k) plan with an employer match
• 20 annual days of Paid Time Off (PTO) plus 12 Firm holidays
• Hybrid office/work from home arrangement (in office minimum of four days per week)
• Annual base salary range for this role is expected to be on or around $150,000
  • The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions.
• Annual year-end bonus eligible

Pretium is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, national origin, disability, age, veteran status, or any other characteristic protected by federal, state, or local law.

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