VP & Fund Controller

Company: B.F. Saul Company
Location: Bethesda
Posted on: February 16, 2026

Job Description:

Job Description Job Description Company Overview: ASB Real Estate Investments, a division of ASB Capital Management LLC, is a leading U.S. real estate investment management firm from over 300 institutional clients. Headquartered in the Washington, D.C. area, ASB invests in major markets across the United States, concentrating in industrial, multifamily, office, retail, and self-storage properties. ASB has built success around talented, hard-working individuals who collaborate to gain a broad and integrated understanding of real estate disciplines to deliver attractive risk-adjusted returns. We encourage a culture of collaboration, and all members of our team engage in offering their points of view on major decisions in an extremely inclusive management process. Job Purpose/Summary of the VP & Fund Controller The Fund Controller will oversee and manage the financial policies, procedures, controls, and reporting systems for the firm’s real estate investment funds and their subsidiaries. The position will report to ASB’s Chief Accounting Officer. The position is based at the company’s headquarters in Bethesda, MD. Summary of Competitive Benefits & Perks: Health/Medical Insurance including Dental and Vision 401(k) with company match Paid time off Bonus/Target Incentive Tuition Reimbursement Complimentary usage of modern in-house fitness center On-premise full-service dining center discounts Discounts via the company’s EAP Monthly Employee Recognition Programs Referral bonus Pre-tax transportation options Plus more! Essential Job Functions of the VP & Fund Controller: Guide financial decisions by establishing, monitoring, and enforcing policies, procedures, and internal controls. Review joint venture agreements, loan agreements, and other financial documents during and after their negotiation and execution to ensure that such agreements are accounted for appropriately. Make recommendations of changes to in-process transaction agreements to ensure harmony between and among accounting requirements and business objectives. Monitor and confirm financial condition by conducting audits of information provided by joint venture partners and third-party service providers. Coordinate annual independent audits of the real estate funds. Manage the treasury function and liquidity of each fund including maximizing returns on short term investments, limiting risk, and updating cash flow forecasts to properly manage liquidity. Provide status of financial conditions by collecting, interpreting, and reporting financial data. Ensure compliance with federal, state, and local legal, accounting, and reporting requirements by studying existing and new legislation; existing and new accounting guidance, enforcing adherence to requirements; filing financial reports; advising management on needed actions. Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal network, and participating in professional societies. Protect operations by keeping financial information and plans confidential. Tax: Oversee third-party tax consultants to ensure timely filing of all tax forms and returns for all fund entities and subsidiaries. Management: Maintain a documented system of accounting policies, procedures, and controls. Oversee the accounting operations of subsidiary properties and joint ventures, especially their control systems, transaction-processing operations, and policies and procedures. Oversee all employees and operations of the accounting department to achieve the department's goals and objectives to the highest degree. Manage outsourced functions. Transactions: Ensure that accounts payable are paid in a timely manner. Ensure that all reasonable discounts are taken on accounts payable. Ensure that accounts receivable are collected promptly. Ensure that periodic bank reconciliations are completed. Ensure that required debt payments are made on a timely basis. Maintain the chart of accounts. Maintain an orderly accounting filing system. Maintain a system of controls over accounting transactions. Reporting: Issue timely and complete financial statements. Coordinate the preparation of quarterly and annual reports. Recommend benchmarks against which to measure the performance of company operations. Calculate and issue financial and operating metrics. Manage the production of the annual budget and forecasts. Calculate variances from the budget and report significant issues to management. Provide financial analyses as needed, in particular for overseeing the management of the property portfolios and reporting performance to investors. Compliance: Coordinate the provision of information to external and internal auditors for the annual audits. Monitor debt levels. Comply with local, state, and federal government reporting requirements and tax filings. Manage and monitor required compliance with loan covenants for both corporate balance sheet debt and property level debt. Provide financial reports to banks as required by loan documents. Monitor property and other income to ensure income qualifies for REIT purposes and that non-qualifying REIT income is only generated by assets that are held within TRS entities. Monitor taxable income and schedule dividends sufficient to comply with REIT tax rules. Monitor other accounting rules required under IRS REIT guidelines including asset sale limitations, permissible income requirements, property services income, etc. Required Skills and Abilities of the VP & Fund Controller: Superior analytical ability. Strong Excel skills Strong knowledge of real estate accounting, fund level reporting and investing. Able to persevere through difficult challenges and setbacks. Thrives in a small, cohesive and hands-on work environment. Excellent listening skills. Open minded to different ideas and perspectives. Highly transparent and ethical, placing a high value on both personal and firm integrity. High energy; structured and action oriented. Highly collaborative and committed to being a part of an integrated team. Intellectually curious, creative, and a broad-based thinker. Excellent communication skills, including written and verbal and the ability to structure and disseminate complex information in a range of appropriate styles/formats. Proven leadership and general management skills, willing to take responsibility and be accountable for results. Required Education / Licenses / Certifications of the VP & Fund Controller: Bachelor’s Degree in Accounting CPA required Excellent academic credentials Required Experience of the VP & Fund Controller: 10 plus years of progressively responsible experience for a national auditor and/or a major real estate or financial services company is desired. Demonstrated career history of continued growth and success in roles of increased complexity and responsibility. Proven success in setting and achieving corporate objectives, with the demonstrated work ethic, competitiveness and tenacity required to achieve top performance. The actual base pay offered is determined by several variables, including, as appropriate, the applicant's qualifications for the position, years of relevant experience, distinctive skills, level of education attained, certifications or other professional licenses held. Base pay is one component of ASB Investment Management's total compensation package, which also includes access to or eligibility for healthcare benefits, a 401(k) plan, short-term and long-term disability coverage, basic life insurance, bonus plans and more. ASB Real Estate Investments is proud to be an equal opportunity workplace. We foster an environment that recognizes employees’ unique skillsets and ensure that all employees have an equal opportunity to grow and advance. If you are a candidate in need of assistance or an accommodation in the application process, please contact corporate.resumes@bfsaul.com or 301-986-6000. Equal Opportunity Employer/Veterans/Disabled We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

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