Controller - Funds and SPVs

Overview

A newly established Controller position within a private equity-backed commercial real estate finance platform offers direct leadership over fund and SPV accounting operations. This role reports to the President and provides hands-on management of a small but growing finance team, overseeing complex fund structures and loan accounting. Located in Southern California with a hybrid work model, the role demands expertise in fund accounting, NAV setup for loans, and navigating the nuances of commercial real estate debt.

Title: Controller - Funds and SPVs Industry: Commercial Real Estate Lending Location: West Los Angeles

Responsibilities

• Lead the accounting and financial reporting processes for funds, special purpose vehicles, and related investment entities, ensuring accuracy and compliance.
• Manage month-end and quarter-end close activities, including reconciliations, preparation of financial statements, and detailed supporting schedules.
• Oversee fund administrator deliverables, verifying alignment with internal records and investment data.
• Administer capital calls, distributions, investor allocations, and cash flow tracking at the investment level.
• Maintain accounting records for loans, preferred equity, notes, and warehouse facilities tied to the portfolio.
• Coordinate external audits, tax filings, treasury functions, and liquidity reporting to support financial transparency.
• Develop and implement scalable controls and processes to support department growth and operational efficiency.

Qualifications

• Must-Have:
• Extensive fund accounting experience within private credit, private equity, or commercial real estate debt environments.
• Proven ability to set up and manage fund accounting structures and net asset value calculations for loan portfolios.
• Hands-on leadership skills with experience managing small finance teams and growing departmental capabilities.
• Strong proficiency in reconciliations, financial statement preparation, and month-end close processes.
• Comfortable working in a hybrid setting with direct reporting to senior leadership.
• Nice-to-Have:
• CPA certification or equivalent professional accounting credentials.
• Familiarity with fund administration platforms such as Sunterra or similar systems.
• Experience coordinating audits and tax compliance within alternative investment structures.