POSITION SUMMARY
The Controller – Capital Markets & Management Company plays a pivotal role in shaping the financial foundation of Morgan Properties’ expanding investment platform. Reporting directly to the Chief Financial Officer, this newly created position carries a dual mandate: serving as the lead accounting and reporting officer for the Capital Markets platform — encompassing newly formed investment funds, Freddie Mac K-Series B-Piece holdings, repo facilities, and preferred equity vehicles — while simultaneously overseeing the financial reporting and accounting operations of the Management Company that supports the broader 400+ community multifamily portfolio.
In this role, the Controller will establish and manage all accounting policies, procedures, and controls across a complex array of structured finance vehicles and operating entities. The position demands deep technical expertise in GAAP, fund accounting, and structured finance, combined with the entrepreneurial drive to build scalable, institutional-grade processes from the ground up. The ideal candidate is both a technical authority and a natural leader — someone who can translate complex accounting matters into clear, actionable insights for senior leadership while simultaneously building and mentoring a high-performing accounting team.
Cross-functional collaboration is central to this role. The Controller will work closely with the CFO, Treasury, Tax, Legal, and the Capital Markets investment team to ensure alignment across deal structuring, compliance, and financial strategy. A strong sense of fiduciary responsibility, an analytical mindset, and the ability to operate effectively in a fast-paced, growth-oriented environment are essential qualities for success in this position.
At its core, this role is about building something lasting: a best-in-class finance and accounting function that supports Morgan Properties’ vision for its Capital Markets platform and positions the organization for continued growth and institutional investor confidence.
ESSENTIAL DUTIES
Capital Markets Fund Accounting & Reporting
- Establish and manage all accounting policies, procedures, and controls for new investment funds, including the Bridge Lending/Repo Fund, B-Piece Fund (including any series structures), and dedicated credit strategies in preferred equity, mezzanine, bridge, and stretch senior lending.
- Oversee the full accounting life cycle for the Bridge Lending Fund, including origination accounting, fair value vs. amortized cost elections, CECL reserve modeling, repo facility accounting under ASC 860, and mark-to-market and hedge accounting as applicable.
- Lead accounting and reporting for the B-Piece Fund, with particular depth in Freddie Mac K-Series bond mechanics — including bond premium/discount amortization, effective interest calculations across the existing B-Piece portfolio and future acquisitions, series-level waterfall tracking, NAV calculations, investor capital account maintenance, and loss position monitoring.
- Manage preferred equity investment accounting across the active pipeline, including accrued return tracking, PIK income recognition, and equity method vs. cost method analysis.
- Prepare and review monthly, quarterly, and annual fund financial statements and investor reports in accordance with GAAP and applicable fund governing documents.
- Assist in the compilation and maintenance of formal investment track records for preferred equity and direct lending activity in support of investor marketing and any future GIPS audit.
- Coordinate with external auditors and legal counsel on fund structure, reporting obligations, and regulatory compliance.
- Establish treasury controls, payment authorization workflows, and cash management procedures appropriate for a growing multi-fund platform.
Management Company Accounting & Reporting
- Oversee all general ledger accounting, accounts payable, accounts receivable, payroll accounting, and fixed asset management for the Management Company.
- Ensure timely and accurate preparation of monthly Management Company financial statements, including income statement, balance sheet, and cash flow statement.
- Manage the intercompany billing and cost allocation process between the Management Company and the property-owning entities across the 400+ community portfolio.
- Maintain and enhance internal controls over financial reporting for the Management Company in compliance with company policy and GAAP.
- Partner with operational leadership to provide financial analysis, budgeting support, and variance reporting for management fee income, G&A expenses, and overhead allocation.
- Oversee and mentor the Management Company accounting team, setting clear expectations for accuracy, timeliness, and professional development.
Finance Infrastructure & Systems
- Design, implement, and continuously improve accounting systems, close processes, and reporting workflows to support a growing platform with an explicit goal of institutional-grade scalability.
- Evaluate and implement fund accounting and investor reporting software appropriate for the platform (e.g., Juniper Square, Yardi Investment Manager, Investran, or equivalent), ensuring compatibility with investor portal and performance reporting needs.
- Develop and document accounting policies specific to Capital Markets activities, ensuring alignment with GAAP, investor requirements, and any future regulatory framework.
- Partner closely with the CFO, Treasury, Tax, Legal, and the Capital Markets investment team on deal structuring, compliance, and financial strategy.
- Hire, develop, and manage accounting staff as the platform scales; build a team culture grounded in accuracy, controls, and accountability.
Additional Duties: Tasks or duties not outlined in this job description may be required to contribute to the organization's success and efficiency.
CORE COMPETENCIES
To perform this job successfully, an individual must be able to demonstrate the following competencies at the indicated proficiency level.
Demonstrates advanced analytical thinking by anticipating trends, identifying strategic risks and opportunities, and developing forward-looking solutions. Navigates ambiguity with ease and guides the team in applying cross-functional insights to drive continuous improvement and informed decision-making.
Coaching and Developing Others
Provide strategic coaching and personalized development to team members, fostering high performance, career growth, and readiness for future leadership roles. Strengthen team capabilities by offering targeted feedback, mentorship, and continuous learning opportunities.
Demonstrate exceptional leadership in aligning fiduciary decisions with organizational strategy and long-term sustainability. Uphold the highest ethical standards while navigating complex legal and financial environments, implementing innovative solutions that optimize resources and create lasting value.
Lead with vision and resilience to navigate complex challenges and drive organizational success. Cultivate a culture of innovation and integrity while mentoring others, resolving conflicts with finesse, and inspiring continuous improvement across teams.
Lead the development and execution of long-term strategies by leveraging market insights and future forecasting. Influence organizational direction through visionary thinking and drive initiatives that deliver significant impact on success.
Provide expert-level technical leadership by driving innovation and resolving critical challenges. Lead technical projects, influence strategic decisions, and serve as a trusted resource for advanced technical solutions.
QUALIFICATIONS
Education & Experience:
- Bachelor’s degree in Accounting, Finance, or a related field; CPA a plus.
- Minimum 10 years of progressive accounting experience, with at least 5 years in fund accounting, investment accounting, or structured finance.
- Direct experience with CMBS, agency bond (Freddie Mac K-Series / Fannie Mae DUS), or mortgage-backed securities accounting, including premium/discount amortization and effective yield calculations.
- Demonstrated knowledge of repo and securities lending accounting (ASC 860).
- Experience with B-piece or subordinate bond accounting in a CMBS or CRE context.
- Experience with series fund structures, registered investment vehicles, or RIA-regulated fund platforms.
- Working knowledge of preferred equity and mezzanine structures and related income recognition.
- Strong technical GAAP background: ASC 320, ASC 323, ASC 326 (CECL), ASC 810, ASC 815, ASC 860.
- Proven ability to build accounting processes and teams in a fast-paced, entrepreneurial environment.
Preferred:
- Master’s degree in Accounting, Finance, or MBA.
- Prior experience at a multifamily and mortgage or agency lender (Freddie/Fannie seller-servicer), real estate credit fund, or real estate private equity firm with a credit platform.
- Experience implementing or operating Juniper Square, Yardi Investment Manager, Investran, or similar fund administration/investor reporting platforms.
- Familiarity with GIPS standards and investment track record compilation.
- Prior Big 4 or large regional CPA firm experience with real estate or financial services clients.
- Experience supporting or building an institutional investor relations reporting function.
Certificates, Licenses, Registrations:
- CPA license preferred; not required.
Tools & Systems:
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook); advanced Excel skills required.
- Experience with fund accounting platforms such as Juniper Square, Yardi Investment Manager, or Investran preferred.
- Familiarity with Yardi Voyager or comparable property management accounting systems a plus.
PHYSICAL REQUIREMENTS & WORK ENVIRONMENT
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this job.
Physical Demands:
This role is primarily sedentary, requiring extended periods of sitting and use of a computer. Occasional lifting of up to 10 pounds may be required. Minimal travel to properties, investor meetings, or corporate events may be necessary.
Work Environment:
- Primary work environment: Office
- Noise level: Quiet to moderate
- Work schedule: Monday–Friday; occasional flexibility may be required based on business needs
The Benefits of Employment
- Employee referral payment program
- Educational Enhancement Program
- Tuition Reimbursement
- Medical, Dental, and Vision benefits
- Life/ AD&D Insurance
- Paid Parental Leave
- Long and short term disability
- Retirement Plan - 401(k) Plan
- Volunteer & Community Service Opportunities
- Discount on an apartment at any one of our properties
- Brand new amenity space that includes a full gym/fitness center and golf simulator
Salary range: $170,000-$220,000/yr
If you are hired at Morgan Properties, your overall compensation package will also be determined based on factors such as geographic location, skills, education, and/or experience which may result in total compensation outside of this range.
Get To Know Us:
Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in Conshohocken, Pennsylvania. Jonathan and Jason Morgan represent the next-generation leaders growing the platform and overseeing the business operations.
Morgan Properties and its affiliates currently own and manage a multifamily portfolio comprised of more than 400 apartment communities and over 110,000 units located in 22 states. The Company is among the three largest multifamily owners in the nation and the largest in Pennsylvania, Maryland, and New York. With over 2,600 employees, Morgan Properties prides itself on its quick decision-making capabilities, strong capital relationships, and proven operational expertise.
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