SVP & Fund Controller

Company Overview

ASB Real Estate Investments, a division of ASB Capital Management LLC, is a leading U.S. real‑estate investment management firm from over 300 institutional clients. Headquartered in the Washington, D.C. area, ASB invests in major markets across the United States, concentrating in industrial, multifamily, office, retail, and self‑storage properties.

ASB has built success around talented, hard‑working individuals who collaborate to gain a broad and integrated understanding of real‑estate disciplines to deliver attractive risk‑adjusted returns. We encourage a culture of collaboration, and all members of our team engage in offering their points of view on major decisions in an extremely inclusive management process.

The Fund Controller will oversee and manage the financial policies, procedures, controls, and reporting systems for the firm’s real‑estate investment funds and their subsidiaries. The position will report to ASB’s Chief Accounting Officer. The position is based at the company’s headquarters in Bethesda, MD.

• Health/Medical Insurance including Dental and Vision
• 401(k) with company match
• Paid time off
• Bonus/Target Incentive
• Tuition Reimbursement
• Complimentary usage of modern in‑house fitness center
• On‑premise full‑service dining center discounts
• Discounts via the company’s EAP
• Monthly Employee Recognition Programs
• Referral bonus
• Pre‑tax transportation options
• Plus more!

• Guide financial decisions by establishing, monitoring, and enforcing policies, procedures, and internal controls.
• Review joint venture agreements, loan agreements, and other financial documents during and after their negotiation and execution to ensure that such agreements are accounted for appropriately.
• Make recommendations of changes to in‑process transaction agreements to ensure harmony between and among accounting requirements and business objectives.
• Monitor and confirm financial condition by conducting audits of information provided by joint venture partners and third‑party service providers.
• Coordinate annual independent audits of the real‑estate funds.
• Manage the treasury function and liquidity of each fund including maximizing returns on short term investments, limiting risk, and updating cash flow forecasts to properly manage liquidity.
• Provide status of financial conditions by collecting, interpreting, and reporting financial data.
• Ensure compliance with federal, state, and local legal, accounting, and reporting requirements by studying existing and new legislation; existing and new accounting guidance, enforcing adherence to requirements; filing financial reports; advising management on needed actions.
• Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal network, and participating in professional societies.
• Protect operations by keeping financial information and plans confidential.

• Oversee third‑party tax consultants to ensure timely filing of all tax forms and returns for all fund entities and subsidiaries.

• Maintain a documented system of accounting policies, procedures, and controls.
• Oversee the accounting operations of subsidiary properties and joint ventures, especially their control systems, transaction‑processing operations, and policies and procedures.
• Oversee all employees and operations of the accounting department to achieve the department's goals and objectives to the highest degree.
• Manage outsourced functions.

• Ensure that accounts payable are paid in a timely manner.
• Ensure that all reasonable discounts are taken on accounts payable.
• Ensure that accounts receivable are collected promptly.
• Ensure that periodic bank reconciliations are completed.
• Ensure that required debt payments are made on a timely basis.
• Maintain the chart of accounts.
• Maintain an orderly accounting filing system.
• Maintain a system of controls over accounting transactions.

• Issue timely and complete financial statements.
• Coordinate the preparation of quarterly and annual reports.
• Recommend…