Total compensation is expected to be in the range of $450,000 to $600,000, including base salary and annual bonus, commensurate with experience and anticipated contribution. Participation in the firm's carried interest program is available for the right candidate.

Position Overview

Our client is a vertically integrated real estate investment manager focused on value-add and opportunistic equity investments across industrial, multifamily, and mixed-use properties in major U.S. markets. The firm manages capital on behalf of a global base of institutional investors, including public and corporate pensions, sovereign wealth funds, endowments, and insurance companies, through a series of closed-end commingled real estate funds, separately managed accounts, and joint venture partnerships. With its in-house acquisitions, development, and asset management teams, the firm has a track record of executing across multiple real estate cycles.

The firm is seeking a Chief Financial Officer to lead its finance organization as it raises successor funds, broadens its institutional investor base, and scales its real estate portfolio. Reporting to the Managing Partners, the CFO will oversee fund finance, investor reporting, the external audit, and the firm's accounting and controls across the management company, fund vehicles, and property-level entities. This individual will serve as a key partner to the investment and capital raising teams and will be a visible representative of the firm to limited partners, lenders, and auditors.

The ideal candidate is a seasoned real estate finance leader with 15+ years of experience, including senior leadership at a real estate private equity firm, institutional real estate investment manager, or real estate operating company with a fund management platform.

Responsibilities will include (but not be limited to):

• Lead the finance, accounting, and reporting functions across the firm's real estate fund platform, including closed-end commingled real estate funds, separately managed accounts, joint ventures, co-investment vehicles, and underlying property-level entities, as well as the management company and general partner entities.
• Own the annual audit process for all real estate funds, SMAs, and the management company, serving as primary liaison with external auditors (Big Four or national firms), managing audit timelines, and resolving technical accounting matters related to fair value, consolidation, and joint venture structures.
• Oversee the quarterly real estate valuation process, coordinating with third-party appraisers and valuation advisors, reviewing property-level assumptions (cap rates, discount rates, and NOI projections), presenting results to the valuation committee, and supporting auditor review of real estate fair values.
• Direct quarterly and annual investor reporting for the firm's institutional limited partners, including audited fund financial statements, capital account statements, property-level performance summaries, and ILPA-compliant fee and expense reporting.
• Oversee fund and investment-level performance reporting, including gross and net IRRs, equity multiples, and benchmarking against NCREIF and ODCE indices, ensuring accuracy and consistency across LP reports, fundraising materials, and consultant databases.
• Review and approve capital calls, distributions, management fee calculations, and promote and carried interest waterfalls at both the fund and joint venture level, ensuring compliance with limited partnership agreements and side letter terms.
• Oversee real estate fund finance, including subscription credit facilities, NAV facilities, and fund-level leverage, and ensure accurate lender reporting and covenant compliance.
• Partner with acquisitions and asset management teams on property-level financing, including acquisition and construction loans, refinancings, and interest rate hedging, and oversee related debt reporting and covenant monitoring.
• Supervise property-level accounting and reporting from third-party property managers and JV partners, ensuring timely, accurate monthly and quarterly financial packages that roll up to fund reporting.
• Support real estate fundraising for successor funds and new vehicles by preparing track record and attribution data, completing investor due diligence questionnaires (DDQs), and responding to LP and consultant information requests.
• Oversee fund administrators, tax advisors, and other service providers, including partnership tax reporting, K-1 delivery, REIT and blocker structures for tax-exempt and non-U.S. investors, and regulatory filings such as Form PF and Form ADV.
• Lead and develop the fund accounting, property accounting, and investor reporting teams, and strengthen real estate reporting systems (such as Yardi, MRI, or Investran) to support the firm's growing fund platform and institutional investor base.

Qualifications

• 15+ years of progressive finance and accounting experience, including at least 5 years in a CFO, deputy CFO, or head of fund finance role within real estate private equity or institutional real estate investment management.
• Deep understanding of closed-end real estate fund structures, including commingled funds, SMAs, joint ventures, co-investment vehicles, and blocker or REIT subsidiary structures used for institutional and non-U.S. investors.
• Extensive experience leading real estate fund audits and managing external auditor relationships, with strong technical knowledge of US GAAP, fair value measurement, and investment company and consolidation accounting.
• Proven track record producing institutional-quality LP reporting, including audited financial statements, capital account statements, performance reporting, and ILPA templates.
• Strong command of real estate finance, including property-level debt, construction lending, fund-level credit facilities, and interest rate risk management.
• Experience with promote, carried interest, and distribution waterfall mechanics, as well as real estate valuation and performance measurement.
• Demonstrated experience supporting institutional fundraising and engaging directly with LPs, consultants, and investor due diligence teams.
• Big Four public accounting background with a real estate or asset management practice is highly valued.
• Bachelor's degree in Accounting, Finance, or Real Estate; CPA strongly preferred; MBA or CFA a plus.
• Familiarity with real estate fund and property accounting platforms such as Yardi, MRI, or Investran, along with advanced Excel and modeling skills.
• A hands-on, commercially minded leader with the presence and communication skills to represent the firm with investors, lenders, auditors, and partners.