Lincoln property company

Fund Controller

Chicago, IL Full Time

We are seeking an experienced and detail-driven Fund Controller to lead the financial management and reporting for our real estate investment funds. This role is critical in overseeing fund-level accounting, financial reporting, and compliance across a portfolio of real estate assets, including commercial, residential, and development projects. The ideal candidate brings strong technical accounting expertise, experience in real estate fund structures, and a deep understanding of real estate investments and operations.

 

Compensation & Benefits

  • Competitive base salary + discretionary bonus
  • Comprehensive medical, dental, and vision plans
  • 401(k) with employer match
  • Generous PTO
  • Professional development support

Key Responsibilities:

Financial Operations & Reporting

  • Manage all aspects of fund-level accounting and reporting for a portfolio of real estate investment funds (core, value-add, opportunistic, or development).
  • Oversee monthly, quarterly, and annual close processes including NAV, investor capital account statements, and financial statement preparation.
  • Ensure timely and accurate capital call and distribution processes in accordance with fund agreements.
  • Track fund performance, IRRs, and asset-level returns; assist in preparation of investor reports and presentations.
  • Produce budgets and forecasts for the funds management platform to Senior Management as requested.
  • Manage the fund level bank accounts for processing payments. This includes opening/closing of bank accounts and management of Fund LOC.
  • Work closely with property management and asset management teams to ensure alignment of asset-level financial data with fund reporting.
  • Review property financial information provided by fund administrator, including net operating income, tenant recoveries, straight line rent, and fixed assets/depreciation.
  • Review of acquisition and disposition transactions to ensure proper accounting, including the review of closing statements, contracts, escrows, purchase price allocations and gain/loss recognition.
  • Coordinate and manage annual audits and tax filings, working with external auditors and tax advisors.
  • Prepare waterfall models and manage carried interest and promote calculations in accordance with fund agreements.
  • Ensure compliance with fund governing documents (LPAs, JV agreements) and internal policies.
  • Support investment team on acquisitions, dispositions, financing, and entity structuring.
  • Maintain fund-level controls and ensure financial operations comply with US GAAP and real estate-specific accounting rules.

Qualifications

  • Bachelor’s degree in accounting, Finance, or related field; CPA preferred.
  • 10+ years of experience in real estate fund accounting or financial reporting.
  • Strong knowledge of US GAAP, including fair value accounting and real estate-specific standards.
  • Experience with real estate fund structures (e.g., REITs, JVs, funds with SPVs and feeders).
  • Demonstrated ability to lead audits, manage third-party administrators, and produce investor-ready reports.
  • Exceptional attention to detail, strong analytical skills, and ability to meet tight deadlines.

 

About Lincoln Property Company

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.

All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.

By submitting your information or resume in response to this opportunity, you acknowledge that your personal information will be handled in accordance with Lincoln Property Company's privacy policy.

 

Lincoln Property Company does not accept unsolicited resumes from third-party recruiters unless they were contractually engaged by Lincoln Property Company to provide candidates for a specified opening. Any such employment agency, person or entity that submits an unsolicited resume does so with the acknowledgement and agreement that Lincoln Property Company will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. At this time, we are not working with any agencies.