Assistant Controller, Fund Accounting

Invitation Homes is a fast-paced, rapidly growing evolving publicly traded REIT (NYSE:INVH) that owns or operates over 100,000 single family rental homes with a market capitalization of over $20 billion. We are a team of more than 1,600 associates who come from all walks of life. We call different communities “home,” but our shared values bind us together. Invitation Homes is a place where possibility lives. As the nation’s premier home leasing company, we need dedicated, organized, and detail-oriented accounting professionals to provide timely and accurate financial information to our partners in the field and at our corporate offices as well as to our shareholders.

We are seeking an Assistant Controller, Fund Accounting, to join an energetic and collaborative accounting team that encourages creative thinking and innovative ideas to optimize success. We strive to attract talent that enjoys working in a dynamic environment, welcomes opportunities to learn various aspects of the single-family residential business, and embraces collaboration with Senior Leadership. If you are a motivated, passionate, quick learner looking for unique career experiences, this role is waiting for you!

Job Summary

The Assistant Controller, Fund Accounting will be a member of the Accounting Leadership team, which establishes direction and goals for the entire Accounting Department. This position is primarily responsible for leadership and oversight of corporate and investment accounting and reporting functions for Invitation Homes, its subsidiaries, and entities for which we provide asset and property management services. Additional responsibilities include the oversight of analyzing, reconciling, and recording debt and equity transactions for all entities. The ideal candidate has significant experience working in a supervisory role with a high proficiency in full cycle corporate and investment accounting, well-developed organizational skills, an attention to detail, and a thorough knowledge of U.S. GAAP.

Job Duties and Responsibilities

• Collaborate with the Corporate Accounting Controller to lead and support the team, encourage team engagement; and create an environment to foster associate development through ongoing performance management, career development, training, and mentoring
• Aid in the implementation of accounting policies and procedures and the adherence to provisions contained in joint venture, asset management, and property management agreements
• Instill an innovative mindset where processes and deliverables are proactively and continuously enhanced
• Collaborate with internal and external customers and stakeholders, such as other corporate departments, field representatives, joint venture partners, and Senior Leadership
• Establish, communicate, and train new fund accounting policies and procedures and liaise with internal and external auditors while ensuring SOX compliance is maintained
• Assist in leading the month-end close process and preparing financial reporting for our internal management company, joint venture, and other corporate entities to ensure accurate reporting of actual to budgeted financial results within established close and reporting calendars
• Review journal entries and monthly analyses for select general ledger account activity, including items such as interest rate swap agreements, issuance of common stock, equity based compensation, and debt transactions
• Support all financial audits as required
• Collaborate with the internal SEC Reporting team to research and account for technical accounting items, including hedge accounting, debt refinancing, stock issuances, joint ventures accounting and equity compensation.
• Read and understand loan agreements, partnership and joint venture agreements, asset and property management agreements, investment documents, leases, entity structures, SEC filings, and investment prospectuses
• Oversee all debt reporting for Invitation Homes and other entities for which we provide asset and property management services, including but not limited to: oversight of debt walk forwards, interest analyses, and amortization schedules for over $8.5 billion of outstanding indebtedness and accounting for interest rate hedging instruments with notational values totaling over $4.1 billion
• Coordinate and review monthly calculation of management fees, equity pick-ups, and distributions; coordinate and record monthly transfer of funds to and from entities for which we provide asset and property management services
• Review activity and transactions related to fund investments in equity securities and other business opportunities (capital calls, basis calculations, etc.)

Education and/or Experience

• Active CPA license and a bachelor’s degree in accounting (or related field) is required
• Background in public accounting is preferred, along with experience in both private and public companies
• Background in fund accounting highly preferred.
• Extensive knowledge of U.S. GAAP, audit and internal control, acquisitions, and due diligence
• 7+ years of experience in accounting and financial statement preparation
• 5+ years of experience managing and leading a team of five or more direct reports
• Experience with Yardi software is a plus

Skills/Specialized Knowledge

• Highly self-motivated and directed with an ability to effectively prioritize and execute tasks in a fast-paced, dynamic environment.
• Proven analytical and problem-solving abilities including the ability to identify and implement best practices that improve the team’s effectiveness and efficiency.
• Ability to comprehend, analyze, and interpret complex documents.
• Ability to manage key internal and external relationships.
• Proficient with Excel and excellent written, oral, and interpersonal communication skills, including an ability to effectively present information and build and manage key internal and external relationships.
• High energy and a can-do attitude, exhibiting a responsible and responsive tenacity.
• Willingness and ability to be hands on to get the job done.
• Experience working both independently and, in a team oriented, collaborative environment.

Other Requirements

• Must maintain professional appearance.
• Ability to be at work on a regular and consistent basis; overtime may be required for this position.

Physical and Mental Demands

This position will involve long hours sitting and using office equipment and computers. The position may also entail light lifting of supplies and materials occasionally, up to and including 20 pounds in addition to reaching, stooping, standing, and walking. This position requires the ability to talk, hear, compare, compute, compile, copy, analyze, coordinate, synthesize, negotiate, and communicate. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential job functions. 

Work Environment

Standard office work environment that may be busy and noisy at times.

Salary Range$84,225.00 - $145,990.00Compensation and Benefits

To attract and retain top talent, we're pleased to offer competitive compensation and benefits, including:

• Annual bonus program

• Health, dental, vision, and life insurance

• Long-term and short-term disability insurance

• Generous paid time off plans include vacation accrual, sick time, standard holidays and floating holidays

• 401(k) with company matching contributions

• Awesome work environment with casual dress

• Team events and gatherings (Pre- and Post-Covid)

Invitation Homes is an equal opportunity employer committed to fostering a diverse, inclusive and innovative environment with the best associates. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, Veteran status or any other factor protected by applicable federal, state or local law. If you have a disability or special need that requires accommodation, please contact us at [email protected].

To all recruitment agencies: Invitation Homes does not accept agency resumes. Please do not forward resumes to Invitation Homes employees. Invitation Homes is not responsible for any fees related to unsolicited resumes.