Controller - Portfolio Accounting

Clarion Partners has been a leading real estate investment manager for over 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to approximately 500 institutional investors across the globe.

Clarion Partners operates independently as a Specialist Investment Manager owned by Franklin Templeton (FT), a diversified firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals.

Overview

The Controller is a key leadership position on a core-style, open-end real estate fund that holds a strategically diversified portfolio of real estate assets across traditional and alternative property types in major markets located throughout the United States.

As part of the 10-12 person group, the Controller is responsible for managing assistant controllers and portfolio accountants, ensuring control over property accounting and fund level reporting as well as various other projects and recurring responsibilities.

The open-end / diversified structure gives the opportunity to work on multiple asset classes with various ownership structures as well as oversee the accounting of both acquisitions and dispositions of investments. The legal / tax structure of the Fund further provides opportunities to work on various tax planning strategies and investor specific projects.

Role / Responsibilities Responsible for the accounting and reporting of direct real estate investments, complex joint ventures, and the associated consolidations and reporting. Effectively manage the assistant controllers’ and portfolio accountants’ oversight of third‐party managers and property level financial review process. Review closing entries for asset acquisitions, dispositions and financings.

Review quarterly consolidations, financial reporting, and client reporting. Manage year-end audit and financial statement preparation. Responsible for debt compliance, including the analysis of loan documents to ensure that the reporting and compliance requirements are met.

Work with the firm’s corporate accounting and performance measurement teams to assist with the calculation of the firm’s performance metrics, the corporate budget, and regulatory requirements. Work closely with internal asset management and portfolio management teams. Work closely with third party service providers (audit firms, tax preparers, legal counsel).

Handle investor requests, interacting with clients both directly and indirectly.

Qualifications

• 10-15 years’ experience, primarily in real estate portfolio accounting / audit CPA required
• Public accounting experience required (Big 4 preferred)
• Team management experience required
• Strong analytical skills required
• Strong excel and data management skills required
• Strong written and verbal communication skills required MRI or Yardi experience a plus
• Workiva or Anaplan experience a plus REIT structure experience a plus
• Private equity experience a plus
• If based in New York, the base salary range for this position is USD $160,000 - $175,000. Actual base salary offered will be determined by several components including but not limited to the candidate's experience, job-related knowledge, and qualifications. Base salary does not include other forms of compensation or benefits offered in connection with the advertised role. Total compensation may vary based on role, location, and individual performance. For roles located outside of Los Angeles, please disregard the posted salary range as these roles will follow a separate compensation process based on the local market. We offer generous benefits designed with the health and financial welfare of our employees and their families in mind, including highly competitive and expansive health care coverage, a comprehensive 401K, company-sponsored volunteer opportunities, individual volunteer time off, parental leave and childcare programs, as well as other benefits and discount purchase programs. Clarion Partners is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. Clarion Partners offers generous benefits designed with the health and financial welfare of our employees and their families in mind, including highly competitive and expansive health care coverage, a comprehensive 401K, company-sponsored volunteer opportunities, individual volunteer time off, parental leave and childcare programs, as well as other benefits and discount purchase programs. Clarion Partners is committed to fostering an inclusive environment. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life. At Clarion Partners, you will have the opportunity to build a career based on your dedication and talent in a culture that values both collaboration and autonomy. The work you do will have a real impact. Whether you're looking to begin your journey in commercial real estate, or strengthen an already robust career, Clarion Partners offers several ways to contribute to the growth of our Firm and success of our clients.