Fund Controller, Investor Accounting | Real Estate Investment Management

A highly respected real estate investment management firm is seeking a Fund Controller, Investor Accounting to join its Boston-based finance and accounting team. This is a senior-level opportunity for a CPA with deep real estate fund accounting experience who wants to take ownership of complex fund-level reporting, investor accounting, waterfalls, capital activity, tax coordination, and cross-functional portfolio support.

The firm manages institutional real estate strategies across a diversified U.S. portfolio and offers the resources of a large, established investment platform with the collaborative, high-touch culture of a boutique manager.

The Fund Controller will oversee accounting, financial reporting, and tax-related coordination for a portfolio of real estate investment funds and/or separate accounts. This person will manage and mentor accounting staff, review fund-level financial statements, oversee investor capital activity, review complex waterfall models, and partner closely with teams across investor services, portfolio management, asset management, tax, legal, and external audit.

This is a high-visibility role for someone who is both technically strong and business-facing — someone who can operate as a fund accounting leader, trusted reviewer, team mentor, and cross-functional partner.

• Lead, develop, and review the work of Portfolio Accountants, Assistant Controllers, and other accounting team members.
• Oversee quarterly and annual financial statements, supporting schedules, and fund-level reporting in accordance with US GAAP.
• Review property and fund-level performance calculations, including IRR, equity multiples, income distributions, and related performance metrics.
• Review and analyze complex Excel-based waterfall models, capital allocations, incentive calculations, capital calls, and investor distributions.
• Coordinate quarterly and annual tax deliverables, including taxable income estimates, tax waterfalls, REIT testing, tax basis schedules, and work performed by third-party tax providers.
• Prepare and/or review materials for portfolio management meetings, including cash flow projections, contribution/distribution recommendations, debt yield metrics, loan-to-value analysis, and projected IRR updates.
• Partner with capital markets, lenders, legal counsel, and senior finance leadership on debt reporting, financing activity, lender compliance, property releases/substitutions, payoffs, and related matters.
• Respond to investor inquiries in partnership with Investor Services and Business Development.
• Drive process improvements, strengthen review standards, and serve as a technical accounting resource on complex fund-level matters.

• CPA required.
• Prior Big 4 public accounting experience strongly preferred.
• Minimum 10 years of combined public accounting and real estate private equity, real estate investment management, or institutional real estate fund accounting experience.
• At least 3 years of people management experience.
• Experience with complex fund structures, joint ventures, incentive waterfalls, capital calls, investor distributions, and lender reporting.
• Advanced Excel skills required;
  Yardi experience is preferred.

This role is best suited for someone currently operating as a Fund Controller, Assistant Controller, Portfolio Controller, Senior Fund Accounting Manager, or similar within a real estate private equity or real estate investment management platform.

$160,000–$200,000 base salary + 30%–40% bonus + profit sharing + exceptional benefits. Benefits include 100% company-paid healthcare premiums, profit-sharing contribution, hybrid flexibility, strong parental leave programs, commuter benefits, and additional employee-focused perks.