Assistant Controller

Brasa Capital Management ("Brasa") is a West Coast focused real estate private equity firm pursuing opportunistic debt and equity transactions. Brasa manages discretionary investment funds and separate account vehicles on behalf of its diverse base of institutional and private capital partners.

Brasa is currently seeking an Assistant Controller to join its financial group. The Assistant Controller reports directly to the SVP and will own the accounting, financial reporting, and control functions for the firm, its funds and separately managed accounts, leading the day-to-day finance operations and building scalable accounting and financial processes as the platform grows .

The ideal candidate is a technically strong fund accountant who is pro-active, hands-on and extremely detail-oriented, yet experienced enough to see the big picture, manage a team and external service providers, and understand the fundamentals of real estate. Our tight-knit team is characterized by people who are creative, motivated, and willing to stretch and learn.

The Assistant Controller will be responsible for all company-wide and fund-level accounting policies, procedures, and internal controls as Brasa continues to scale. They will own the entire cycle of financial activities for the firm and its funds – from property-level results through fund-level reporting, audit, and tax – and will serve as the primary point of contact for fund administrators, auditors, and tax advisors, while providing reporting and information externally to both current and potential investors.

Internally, this role will supervise the fund administrators and work closely with the SVP as well as executive leadership and the investment team.

Key responsibilities and duties include:

• Own the monthly, quarterly, and annual close and maintain the books for certain funds and all separately managed accounts
• Review property-level financials from operating partners and property managers and explain period-over-period balance sheet and income statement variances
• Review fund-level financial statements in accordance with U.S. GAAP, including investment company accounting and fair value reporting
• Oversee the fund administrator relationship, including review of quarterly/annual financial reporting, NAV calculations, capital account statements, management fee and promote/waterfall calculations
• Manage the annual audit process across all funds and entities and coordinate with tax advisors on partnership tax returns and K-1 delivery
• Coordinate the quarterly valuation process with the investment team, including maintaining valuation support and documentation
• Ensure accurate and timely dissemination of financial reports to investors, including quarterly investor reports and performance metrics (IRR, equity multiple, DPI/TVPI) and maintenance of the firm’s track record
• Coordinate and execute financial data and due diligence requests regarding performance, cash flows, and track records from current and prospective investors
• Prepare and review investor capital calls and distributions, including allocations across investors and side letter arrangements
• Monitor and manage cash and liquidity forecasts at the fund level, including subscription line and asset-level debt compliance reporting
• Manage fund level reimbursable expenses and management company expense allocations per fund documents and compliance policies
• Maintain and document accounting policies, valuation policies, and internal controls; recommend and implement process and system improvements as the platform scales
• Manage, mentor, and develop finance coordinator; set priorities and review work product
• Complete special projects as assigned

• BA/BS degree in Finance or Accounting
• 3-…