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Fund Accounting Director

19032886 Requisition #

CBRE Investment Accounting & Reporting Solutions


CBRE, is the largest commercial real estate company in the world and is comprised of several business lines including leasing services, capital markets, valuations & advisory services, and property management; with regional and global capabilities in all major markets around the globe. Within cproperty management, our CBRE Investment Accounting & Reporting (IA&R) group is the leader in providing investment managers with vertically integrated accounting and data solutions, from property through funds.


CBRE IA&R is the only 100% dedicated Real Estate Fund and Property accounting business supporting Global and Pan-European coordination for clients providing Fund & SPV Accounting, Investor Reporting and Performance Measurement services to real estate investment-companies, sovereign wealth funds and other institutional investors in key financial markets.


Our team of professionals offer unmatched dedication to real estate. We serve only real estate and have a history of successfully serving all real estate asset classes; including simple to complex investment structures.


We have dedicated fund and investor reporting teams in 18 countries, while also being a part of our global accounting and reporting operating platform with presence in an additional 41 countries for property accounting services to provide completely integrated services.


Within CBRE IA&R, you will be challenged to develop yourself, to extend your knowledge and skills and to further improve and professionalize various processes within the company.



Job Summary


Fund Controller for a number of funds within a business line.
Manages multiple fund accounting teams to provide accurate and timely client reporting for assigned portfolios of investment funds. Implements processes to ensure compliance with reporting requirements. Manages client relationships for various funds. Supports new business initiatives. Plays a role in the implementation and maintenance of accounting processes and systems. This person is responsible for managing the team.


Financial Statement & Budgets:
Responsible for one large complex fund or a number of smaller less complex funds in a business line. Reviews and verifies financial information including monthly, quarterly and annual financial statements for commingled funds and separate accounts prior to submittal to client and investors. Produces statements and other required financial information including but not limited to investor funded and unfunded commitments, asset accrual methodology and output. Provides qualitative analysis and comments. Maintains shareholder registries. Prepares periodic financial statements and assists with audit and tax preparation and audit review. Reviews the work of junior team members. Manages portfolio budgets, forecasts and reports for clients/investors. 


Monitors Financial Performance:
Monitors financial performance, provides a forward-looking view and strategic advice to the executive leadership team. May compile and analyze detailed data where required. Assists Senior Management with implementation of strategic department and corporate initiatives.
Reviews periodic P&L calculations at the fund and investor levels.


Treasury Function:
Manages the treasury/ cash management function. Reviews and signs-off on fund level bank account reconciliations. Negotiates with banks and financial institutions, handles financing arrangements and execution of loan agreements. Maintains relationships with external parties.


Risk Management:

Manages financial/legal/tax risks and ensures segregation of duties and a suitable control framework is in place.


New Business Participation & Structuring:
May participate in new business proposals.  Manages capital request and budgeting progress, reviewing new contracts and business opportunities.  Manages financial transactions related to new business proposals. Assists on structuring investments and raising capital. Sets up, analyzes and reviews fund structures, joint venture structures and underlying inquiries, subscriptions, and redemptions terms and conditions.


Pricing Platform & Fund Valuation:
Reviews and analyzes scope of service changes from team managers, and prices additional services based on in-depth knowledge of the department's pricing platform. Identifies and recommends consulting opportunities and/or scope of service changes. Creates pricing estimates for new business opportunities. Ensures monthly pricing allocations are accurately entered into PeopleSoft (for regions using PeopleSoft).

NAV Calculation:
May review junior team member's work product, including NAV calculations, financial packages, to ensure its complete, accurate and timely release to internal departments and external clients.


Investors' Contact:
Is a contact point for investors. Responsible for the design and preparation of client presentations on financials. Reviews/prepares IRR and performance models.


Customer Service:
Troubleshoots escalated issues and ensures internal and external customer requests are handled timely, accurately and with a focus on customer service. Creates a positive customer experience by opening and maintaining constructive and reliable lines of communication. Reviews items being handled by junior team members.


Participates and/or leads all aspects of internal and external property and client transitions. Works with other internal teams in handling special requirements as defined in the Management Agreement and scope of services in the Financial Services Agreement.


Systems Implementation:
Plays a key role in the implementation and maintenance of the accounting/reporting systems. Signs off on audit field work. Is involved in the details of an audit process.


Special Projects:
Works with other internal teams in handling special requirements or projects. Remains current with changing environment/regulations, responsible for impact on fund accounting practice.

Other Duties:
Performs other duties as assigned


Supervisory Duties:

Provides formal supervision to individual employees within single functional or operational area. Approves subordinate's recommendations for staff recruitment, selection, promotion, advancement, corrective action and termination. Effectively recommends same for direct reports to next level management for review and approval. Plans and monitors appropriate staffing levels and utilization of labor, including overtime. Prepares and delivers performance appraisal for staff. Mentors and coaches team members to further develop competencies. Leads by example and models behaviors that are consistent with the company's values. Responsible for a mix of direct and matrix reports.  Leads by example and models behaviors that are consistent with the company's values.



Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. A minimum of 10 years accounting experience or equivalent combination of education and experience required. Prior experience in fund level accounting required with real estate accounting or fund accounting software systems. Requires prior supervisory experience and experience with real estate accounting or fund accounting software systems.

Certified Accountant qualifications in relevant jurisdictions.

Ability to comprehend, analyze, and interpret the most complex business documents. Ability to respond effectively to the most sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups. Ability to motivate and negotiate effectively with key employees, top management, and client groups to take desired action.

Requires in-depth knowledge of financial terms, principles and compliance. Ability to calculate complex figures. Ability to forecast and prepare budgets. Conducts financial/business analysis including the preparation of reports.

Strong technical financial skills and comprehensive knowledge of GAAP, FASB, REIS, IFRS, and in-region/in-country standards.

Ability to solve advanced problems and deals with a variety of options in complex situations. Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions for a growing matrix-based multi-industry sales environment.  Draws upon the analysis of others and makes recommendations that have a direct impact on the company.

Strong economics, math and analytical skills and ability to apply them strategically and in the pursuit of diverse situations. Knowledge of real estate terms, definitions, and real estate analytical methodology,  Knowledge of Company financial systems as well as internal and external information sources.  Advanced knowledge of computer software and hardware (i.e. Microsoft Office Suite Products). Ability to work in multiple accounting software applications. Ability to travel.


Decisions made with in-depth understanding and interpretation of procedures, company policies and business practices to achieve general results.  Responsible for setting  department deadlines.  Errors in judgment may cause long-term impact to co-workers, supervisor, department and/or line of business.










US Company Profile

About CBRE (NYSE: CBRE): At CBRE, you are empowered to take your career path into your own hands. Enjoy workplace flexibility in a global organization with tremendous scale. Work in an inclusive and collaborative environment with supportive teammates. Come experience the employee advantage at CBRE.

CBRE has a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

As a Fortune 500 worldwide leader in real estate services, CBRE’s more than 90,000 professionals provide exceptional outcomes for clients in over approximately 480 offices worldwide.  When it comes to real estate, CBRE sees potential everywhere. We turn scale into strength, expense into performance, and property into prosperity. Visit cbre.us.

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