Private Investments- Controller
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What you'll do
- Perform accounting and finance fiduciary responsibility over firm’s private investments including real estate and commercial mortgage loans.
- Work effectively with third party service providers
- Maintain the general ledger and various sub-ledgers, where applicable
- Prepare and review trial balances
- Perform the quarterly close process
- Manage and monitor the timing and quality of client deliverables
- Manage workflow for capital calls and distributions
- Implementation of fund structures on accounting systems
- Work closely with investment teams
- Production of client reports (month/quarterly cycles)
- Produce account level financial performance metrics
- Interact with senior management, portfolio management team and investment analysts
What they're looking for
- 5+ years of accounting experience (Big 4 public accounting preferred)
- Project management skills with attention to detail and proven ability to multi-task
- Bachelor’s degree in Accounting (CPA designation preferred)
- Strong written and verbal communication skills
- Working knowledge of Excel and Word essential
Nice to have
- Big 4 public accounting preferred
- Experience in fund accounting and preparation of financial statements is preferred.
- CPA designation preferred
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Title: Private Investments –Controller
Business Unit: Global Private Platform Delivery
Location: Charlotte, NC or Springfield, MA
Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A majority-owned subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.
Job Summary
Barings’ Global Client Operations team has an Associate Director level opening for a motivated individual who would like to join our team of financial professionals. This individual will be responsible for oversight of multiple portfolios, client reporting and providing support to both internal and external clients. The candidate may at times support multiple assets classes under the private investment platform, which includes Real Estate Debt and Real Estate Equity. The ideal candidates will have broad accounting expertise as well as be knowledgeable of operational best practices. Our teams consist of highly skilled CPAs, MBAs, and CFAs who are expected to provide accurate, timely, and efficient services. This individual will be responsible for the following areas:
Primary Responsibilities
Perform accounting and finance fiduciary responsibility over firm’s private investments including real estate and commercial mortgage loans.
Work effectively with third party service providers
Maintain the general ledger and various sub-ledgers, where applicable
Prepare and review trial balances
Perform the quarterly close process
Manage and monitor the timing and quality of client deliverables
Manage workflow for capital calls and distributions
Implementation of fund structures on accounting systems
Work closely with investment teams
Production of client reports (month/quarterly cycles)
Produce account level financial performance metrics
Interact with senior management, portfolio management team and investment analysts
Proactively communicate and coordinate with various internal groups
Interact with valuation team
Ad hoc reports as needed
Qualifications
5+ years of accounting experience (Big 4 public accounting preferred)
Experience in fund accounting and preparation of financial statements is preferred.
Project management skills with attention to detail and proven ability to multi-task
Bachelor’s degree in Accounting (CPA designation preferred)
Strong written and verbal communication skills
Working knowledge of Excel and Word essential
Base Salary Range: $115,000- $135,000 (also eligible for additional incentive programs)
Requisite Skills
Additional Skills
Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.
Barings offers a comprehensive benefits package including:
CORE BENEFITS & WELLNESS
- Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
- Fitness Center Reimbursement Program (Including Online Memberships)
- Employee Assistance Program (EAP)
- Fertility Benefits
FINANCIAL WELL-BEING
- Highly competitive 401(k) Plan with Company Match
- Health Savings Account (HSA) with Company Contributions
- Flexible Spending Accounts (FSA) - Health Care & Dependent Care
- Retirement Health Reimbursement Account
LIFE INSURANCE
- Basic and Supplemental Life Insurance
- Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
- Paid Vacation, Sick Days and Annual Holidays
- Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
- Short and Long Term Disability Plans
- Paid Volunteer Time
OTHER BENEFITS
- Education Assistance Program
- Charitable Matching Gifts Program
- Commuter Reimbursement Program
- Adoption and Surrogacy Reimbursement Program
Company
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