Senior Vice President, Portfolio Controller

Job Title: Senior Vice President, Portfolio Controller
Location: Chicago, IL
Reporting to: Head of Investor Accounting & Finance, LaSalle GPS
Employment Type: Full-Time

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Objective of Role

LaSalle GPS is currently seeking a Senior Vice President – Portfolio Controller.  This individual will lead all aspects of accounting, finance and operations for the Toranomon mandate, with the support of a VP- Portfolio Controller who will be a direct report on Day 1.  The team is expected to expand further as the equity is deployed.  The Portfolio controller is expected to lead the search for the assistant portfolio controller.
 
The successful candidate will be part of the central team based in Chicago dedicated to the Toranomon mandate.  The successful candidate will be expected to work closely with all global and regional team members as well as the mandate’s service providers and external stakeholders.
 
The role provides the successful candidate with a unique opportunity to work with teams across business lines and regions, often at a senior level, to develop working practices for a high profile, global mandate, which will set the precedent for future global mandates and assist with driving best practice across IAF and the wider business. This role is suitable for a dynamic, ambitious candidate who is keen to expand and sharpen their skill sets and be part of something new and exciting.

 

Key Responsibilities

  • Develop the operating model for the mandate.  Take central stage in key decisions around how it will be run, strongly supporting and collaborating with the Global Portfolio Manager
  • Take a lead role in the oversight of the mandates global Administrator (the first arrangement with this level of outsourcing), ensure performance levels and deadlines are met and further develop fund operating memorandum.  Many elements of this model will be implemented across other LaSalle mandates, so its successful set up will have an impact on the wider IAF function
  • Take a lead role in the oversight of quarterly and annual accounting closes completed by the Administrator (using LaSalle’s Yardi system), including review of consolidated and SPV financial statements and client statements.  Ensure the fund is an early adopter of the new Yardi rulebook, ensuring the business has full access to a high level of investment detail.  This is a client with very prescriptive, extensive reporting requirements.  Data collection and creating an automated process will be critical to the mandate
  • Work closely with the acquisitions and central portfolio team on acquisitions, both in terms of operational set up, establishing holding structure, and assisting with tax and legal structuring
  • Work closely with JV partners, to establish reporting requirements which provide both the client and the business with their high-level information needs
  • Responsible for the set up of new entities, working with legal and tax teams across various jurisdictions and ensuring Yardi set up reflects the structure and consolidation rules are applied correctly
  • Oversee coordination of quarterly and annual reporting requirements for the client, alongside year-end audit and tax requirements working with service providers
  • Closely collaborate with regional and global stakeholders such as the client, JV partners, portfolio managers and acquisitions on finance, reporting & tax matters, liquidity and cash-flow management relating to the portfolio
  • The use of technology will be vital to the efficient operations of this portfolio.  Close collaboration with the technology team will be needed to establish best practice technology solutions
  • Take responsibility for ensuring key processes and procedures for the mandate are documented and implemented, be an early adopter of Investor Accounting and Finance global processes
  • Provide oversight, guidance, review and development to the VP - Portfolio Controller in all aspects of their responsibilities
  • Create efficiency in and effectiveness of the financial reporting process to provide quality client service
  • Take initiative in identifying issues and providing and implementing solutions
  • Take the lead on special projects as assigned
  • Provide leadership within the broader accounting group in areas such as continuing professional education, efficiency initiatives and development of best practice

 

Candidate Qualifications & Experience

  • Bachelor’s Degree in Accounting or similar.  CPA required.
  • Minimum of 10 years of accounting experience preferably in the alternative investment management industry, with working experience in a private equity multi-manager and/or private equity real estate business. Experience in real estate accounting with global, multi-jurisdiction elements and hedging a plus.
  • Prior experience with multiple currencies a plus
  • Strong knowledge of technical accounting concepts, specifically FMV US GAAP
  • Strong appetite and enthusiasm for utilizing innovative technology & digitalization and willingness to adapt to change and develop
  • Strongly proficient in Microsoft Office products, particularly Excel
  • Motivated self-starter with excellent communication and inter-personal skills, ability to represent finance with senior stakeholders at a global level
  • Strong sense of accountability for quality of own work and the work of the team
  • Flexibility to work across time zones as workflow requires, availability to join periodic early and late calls
  • Ability to work with a global team and manage workstreams spanning across various teams