Assistant Controller

1 week ago


North Bethesda, United States Sunwater Capital Full time

Sunwater Capital is seeking an Assistant Controller with strong analytical, technology, communication, and organizational skills to assist the CFO with accounting operations, budgeting, and reporting, growing into the Controller role. Sunwater Capital is a North Bethesda-based investment and asset management firm covering real estate, information, and healthcare, as well as nonprofits.

The Assistant Controller will be responsible for accounting operations, budgeting, reporting, payroll, financial controls, and risk management. The Assistant Controller will also manage special projects such as acquisition integration, software implementation, and process improvements.

The Assistant Controller will report to the firm’s CFO and have one direct report.

**RESPONSIBILITIES**:
**Reporting and Financial Controls**:

- Responsible for reviewing and presenting monthly reporting and year end analyses for businesses and on a consolidated basis; update reporting templates as business needs change
- Review monthly financial statements for each entity
- Perform a periodic review and maintenance of financial controls
- Manage financial statement audits

**Treasury**:

- Manage bank and credit accounts
- Assist with treasury management across the various businesses

**Budgeting**:

- Manage the budgeting process and cash flow forecasting
- Review each team’s budget and prepare budget v actual for specific businesses

**Accounting**:

- Manage all aspects of the general ledger for the funds, businesses, and nonprofits, including preparing journals for M&A transactions and internal transactions
- Managing subscription revenue recognition, coordinating with Sales and Customer teams, calculating key SaaS metrics (MRR, ARR, Churn Rate, etc.)
- Research accounting issues for compliance with generally accepted accounting principles
- Review invoices and journal entries
- Issue/release payments
- Manage month-end close
- Review bank reconciliations
- Review management fee calculations

**Other**:

- Coordinate with HR to run payroll
- Assist in integrating new acquisitions/businesses
- Identify and implement new processes to increase efficiency and accuracy of financials
- Special projects

**Required Experience and Qualifications**:

- Bachelor’s degree in Accounting
- 5 - 7 years of work experience in an accounting role, at least half the time in a supervisory position
- Certified Public Accountant preferred
- Sage Intacct experience a plus (designing reports and dashboards)
- SaaS accounting experience preferred
- Hands-on corporate accounting and operations preferred
- Strong excel and technology skills; ability to quickly learn new software packages
- Proven leadership skills and ability to develop teams
- Strong business acumen
- Solid analytical and critical thinking skills
- Strong attention to detail
- Effective verbal and written communication skills
- Highly organized to track progress across different entities/businesses
- High energy, integrity, ability to learn quickly, proactive, curious, and collegial



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