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Date: 2024-02-28 Page is: DBtxt003.php txt00004127

Job Description ... Fund Controller


Peter Burgess

Careers Open Positions | Benefits & Perks | Interview Process | Culture & Values | Testimonials Job Details Requisition Number 13-0004 Title Fund Controller City San Mateo State CA Description The SolarCity team is smart, dedicated to our clients, open minded, fun and composed of the solar and renewable energy industry’s best talent. If you want to join a rapidly growing, award-winning company with plenty of opportunities for upward mobility, we invite you to apply to SolarCity. Job Description The Fund Controller will provide oversight to the Company’s solar energy fund portfolio and manage the operational, accounting, tax, reporting and compliance requirements associated with these funds. The solar energy fund structures are financing vehicles used to finance the leasing of solar energy systems and include partnerships, sale leaseback and non-partnership lease pass through structures. The Fund Controller will manage a team of fund accountants and provide hands on guidance at both a technical accounting and operational level. This position will liaise cross functionally with internal groups such as Asset Management, Structured Finance, Legal and Corporate Tax to ensure investor reporting, compliance and tax filing requirements are met. The role will also assist in the management of a third party lease service provider that provides day to day lease administration services. The position requires a highly motivated individual experienced in operating with senior management and executive level employees and who can exhibit and inspire confidence in dealing directly with new and existing portfolio investors. The Fund Controller reports to the VP Corporate Controller but will need to work cross functionally on a variety of fund portfolio issues. Responsibilities • Monthly accounting, performing a detailed review of monthly GAAP and operational reports for each fund • Assisting in the preparation and measurement of budget to actual performance and the optimization of profitability for each fund • Quarterly review and annual audits interfacing with external auditors and tax preparers, taking responsibility for all phases of the review/audits including the review and coordination of audit work papers • Assist in the preparation and review of annual fund and partnership tax returns and provide assistance to Corporate Tax in the completion and filing of such returns • Monitor the funds and underlying asset performance in conjunction with the Asset Management Group and prepare periodic analysis and compliance reporting for the fund partners on a periodic basis for internal review and external reporting • Treasury management of new investor capital contribution requests and computation of cash distributions to investors based on the waterfall calculations within each fund structure • Provide assistance in the coordination and development of fund tranches for investor capital contributions including aggregation and presentation of supporting documentation • Manage the on-boarding of new funds providing detailed analysis of fund accounting responsibilities for each new fund as well as the management and provision of full back-office support • Management of the Fund Accounting team to ensure operational alignment of each fund to ensure the achievement of each fund’s contractual obligations • Development of an annual operating plan with a defined close and compliance calendar by fund • Research technical accounting issues to ensure proper accounting treatment in accordance with US GAAP • Manage and develop the relationship with the external service provider that administers the leases associated with the solar energy systems • Respond to investor inquiries and prospective investor requests as needed • Assist in the compilation and review of information required for the payment of any solar incentives, such as US Treasury Grant cost certification • Other ad hoc projects as needed Requirements • Bachelor’s degree in Accounting or Finance related field • CPA and public accounting experience required, preferably from the Big 4 • Solid understanding of GAAP; knowledge of lease accounting, partnership and investment accounting knowledge highly desirable • Working tax knowledge pertaining to corporate and partnership tax guidance • Ability to interpret complex structured finance models • A minimum of seven years work experience • Ability to prioritize and multi-task accordingly in a fast paced environment is required • Must be detailed-oriented and highly organized • Excellent written and verbal communication skills • Excellent customer service skills required • Must be proficient with Great Plains (or other ERP systems), MS Office (Excel, Word, PowerPoint, Outlook) Benefits • Paid training with the nation’s leader in solar power and energy efficiency • Great people committed to making the world a better place • Full benefits including health, vision, and dental insurance • 401k plan and stock options • Career path opportunities for top performers • Holiday Parties, Earth Team community group, discount gym membership, and more! SolarCity is an equal opportunity employer committed to diversity in the workplace.

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