Portfolio Controller

We are seeking a highly skilled accounting and finance professional to oversee joint venture (JV) financial operations for a large-scale real estate investment platform. This role will manage JV-level budgeting, forecasting, cash management, capital accounts, debt compliance, investor reporting, and acquisition/disposition accounting. The ideal candidate will have deep expertise in real estate accounting, strong technical GAAP knowledge, and experience managing complex JV structures. A CPA designation is highly preferred.

This role is hybrid, with one day per week remote, following an interim period.

• Prepare Annual Business Plan, Operating Budget, and Capital Budget for investor review and approval.
• Consolidate property-level budgets into JV-level budgets and perform variance analysis and reforecasting.

• Prepare capital call calculations and issue notices per JV agreement.
• Manage JV, HoldCo, and SPE bank accounts, cash flow forecasting, and liquidity planning.
• Participate in distribution waterfall calculations and promote mechanics.

• Review property-level accounting prepared by third-party managers for GAAP and investor compliance.
• Coordinate on cash forecasting, budget adherence, TI/LC accounting, and reimbursement processes.

• Maintain capital accounts per GAAP, tax rules, and JV agreement.
• Track investment tranches, capital balances, preferred returns, and promote tiers.

• Participate in covenant testing, lender reporting, and draw requests.
• Monitor escrow accounts and ensure compliance with financing agreements.

• Prepare quarterly investor reporting packages, including financial statements, variance analysis, capital account statements, and JV performance metrics (IRR, MOIC, equity multiples).

• Support financial integration of new acquisitions, including opening balance sheets and bank setups.
• Manage final accounting at disposition, including sale allocations, reserve releases, and promote crystallization.

• Bachelor’s degree in Accounting or Finance; CPA highly preferred.
• 5-7 years of progressive accounting experience, with at least 3 years in real estate or private equity JV structures.
• Strong technical knowledge of GAAP and JV accounting principles.
• Experience with budgeting, forecasting, and financial modeling.
• Proficiency in Yardi, MRI, Kardin, or similar real estate systems.
• Excellent analytical, organizational, and communication skills.
• Ability to manage multiple priorities in a fast-paced environment.

• Familiarity with REIT compliance and regulatory requirements.
• Experience with debt covenant monitoring and lender reporting.
• Advanced Excel and financial modeling capabilities.
• Exposure to investor reporting and performance metrics (IRR, MOIC, equity multiples).
• Strong understanding of JV agreements and promote structures.

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 680 million square feet of commercial space. For more information, visit: www.lpc.com.

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