The Assistant Controller, New Ventures reports to the Controller and Chief Accounting Officer (CAO), and is responsible for supporting accounting operations for Fairstead ventures and new business initiatives through the maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk. The Assistant Controller will ensure the accuracy of the reported financial results and that reported results comply with generally accepted accounting principles or international financial reporting standards.

RESPONSIBILITIES:

• Own financial and tax reporting, accounting, budgeting, and projections for Fairstead corporate entities, ventures and new business initiatives
• Prepare and maintain all financial and tax books and records for owned entities, including monthly and year end close, audit and tax filing workpapers, coordinating with accounts payable and receivable, treasury, payroll, and FP&A on close and reporting requirements.
• Review accounts payable and expense transactions, as well as intercompany billings, to ensure appropriate coding and approval
• Coordinate financial activity with internal and external service providers and vendors, ensuring financial results, billing and collection information is properly reflected in the financial records
• Manage tax compliance and reporting for corporate, new business and venture entities, including reviewing tax-based financial statements
• Responsible for consolidation of financial activity for all corporate entities, in addition to cost allocations, eliminations, reporting and budgeting for corporate entities 
• Responsible for researching accounting treatment of business activities to ensure compliance with generally accepted accounting principles
• Prepare the annual operating budgets for areas of responsibility, support the maintenance of rolling multi-year business plans, and provide monthly updates, variance commentary and reforecasting to internal stakeholders
• Prepare monthly journal entries and bank reconciliations, provide oversight over cash and variance reconciliations, and review cash balances and prepare capital call support to avoid shortfalls 
• Produce monthly and quarterly financial reporting packages and other required financial information and analytics to management, owners, investors, and financial institutions (if applicable)
• Partner with Controller on building and maintaining policies and procedures and internal controls over accurate and timely accounting and financial/tax reporting, and remediate any deficiencies
• Partner with Controller and IT to leverage applications and implement workflow and efficiency solutions
• Assist Controller, Chief Accounting Officer and Chief Financial Officer with preparing ad hoc reporting and with any special projects that arise. 

• Bachelor’s degree in business, accounting, finance, or related field required. CPA, CFO or MBA preferred.
• Five (5) to seven (7) years of relevant experience in accounting experience in fund accounting, financial analysis, and/or investment fund management.
• Two (2) years’ experience as an accounting or finance manager.
• Experience with Partnerships, family partnerships preferred.
• Understanding of applicable laws and regulations.
• Understanding of economic principles, financial markets, and banking.
• Understanding of financial data analysis and reporting.
• Knowledge of payroll, accounts payable, and accounts receivable functions.
• Ability to deliver quality work on tight deadlines, with strong organization and priority setting skills.
• Proven experience in financial project management.
• Advanced computer skills, specifically in Excel.
• Must be able to communicate financial information into sound business language so people of all levels can understand.
• Knowledge of federal regulation on taxes and reporting.
• Deep understanding of finance.
• Curious and highly driven.
• Values entrepreneurialism and works well with limited direction
• Demonstrate ability in problem solving, priority setting and planning
• Confidentiality.

COMPENSATION & BENEFITS

Compensation: $130,000 - $145,000 + bonus eligible 

Health Benefits: employer paid medical, dental and vision 

DTO/Sick/Personal: Discretionary paid time off and sick time off

Generous holiday schedule, paid maternity leave 

Additional Benefits: 

• Flexible Work Arrangements
• 401K Plan
• Flex Spending Accounts
• Life Insurance
• Commuter Benefits 
• Long Term Disability
• Nationwide Pet Insurance 

OVERVIEW

Fairstead is a purpose-driven real estate firm dedicated to building sustainable communities across the country. Headquartered in New York, with offices in Colorado, Florida, Maryland, and South Carolina, Fairstead oversees a $7.8 billion portfolio in assets and identified pipeline, and owns and manages more than 170 communities across 28 states. Fairstead’s commitment to communities is realized through a comprehensive platform that leverages in-house expertise in acquisitions, development, design and construction, marketing, and property management. Fairstead also implements some of the industry’s most proactive sustainability, resiliency, and community impact programs to foster positive social, economic, and environmental change. In 2022, the company launched Fairstead Ventures, a proptech investment initiative dedicated to fundamentally changing the standards in the housing industry with a focus on energy and decarbonization.
 

Fairstead’s primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel “Right at Home.” We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator. Fairstead provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design, construction, energy, sustainability, property management and social services. With a long-term commitment to its residents, communities, and partners, the Fairstead team stands out by:

• Listening to and understanding the needs of its residents, communities, partners, and stakeholders alike
• Developing and preserving high quality affordable housing in an innovative and sustainable fashion
• Creating a positive social and environmental impact within the properties and communities it serves

Fairstead’s Core Values

• Empathy
• Innovation
• Entrepreneurship
• Determination
• Integrity