US-CO Denver, VICE PRESIDENT - CONTROLLER, Madison Capital Management, LLC 0942
FEATURED COMPANY: Madison Capital Management, LLC
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Position: Vice President - Controller
Date: August 25, 2008
JOB #0942
Location: Denver, Colorado
Status: Full-time

DESCRIPTION:  Vice President - Controller

Reports To: Chief Financial Officer 

Madison Capital Management, LLC, an alternative investment management firm that specializes in niche real estate, distressed, natural resource, and special situations investments, is currently seeking a Vice President - Controller to join its Denver-based team.  Founded in 1996, Madison maintains offices in Denver (CO), New York (NY), Kansas City (KS) and, through Madison (Europe), Luxembourg.  As of June 2008, Madison and its affiliates has invested approximately $800 million in capital on behalf of a select group of U.S. and European institutions, and has approximately $600 million of assets under management.   

Vice President - Controller Position Description 

Position Responsibilities 

The Vice President - Controller (Controller) is responsible for overseeing the financial operations of the investment funds and the management company.  This person will be expected to provide timely and accurate financial statements to investors and senior management.  Also, this person will be expected to implement process improvements and quality initiatives to improve the overall performance of the accounting department.  This person will manage a team of 11 professionals including three direct reports.    

1.      Management Company and Fund Accounting – The Controller will ensure the investment funds and the management company accounting records are maintained in accordance with stated policies and procedures.  This person will be expected to develop a process to ensure consistency in the accounting for each fund and implement processes to shorten the period end close cycle. 

Management and Investor Reporting – The Controller is responsible for reviewing the financial, management and investor reporting packages on a monthly and quarterly basis.  As part of this process the Controller will review any new investment disclosures that are required for inclusion in the annual and quarterly financial reports and ensure that financial statements are prepared in accordance with GAAP.   Also, the Controller will be expected to ensure that a comprehensive management discussion and analysis is written for each fund.  

Process Improvement – The Controller will be expected to evaluate existing accounting processes and work closely with the Chief Financial Officer to improve the department’s performance.  As the Company continues to grow the Controller will be expected to create the structure and supporting processes to support the business.  

4.      External Audit and Tax – The Controller will coordinate the year-end audit with the public accounting firm, administer their progress and implement relevant recommendations.  In addition, this person will coordinate with the Tax Director the preparation of the Company’s tax returns and assist in the coordination of tax advisory and consulting services performed by a third party CPA firm.  

Other Commonly Asked Questions 

What projects or tasks will this person assume immediately? 

1.      The Controller will develop a comprehensive understanding of the business and functions within the department. 

2.      The Controller will evaluate the current month end accounting close process and identify opportunities to shorten the month end close cycle.  

How will the Company define successful performance for this position during the first year of employment? 

The Controller will establish trust and credibility with members of the senior management team.  Also, the Controller will produce timely and accurate financial statements that can be relied upon by senior management and the Company’s investors.   

What is the reporting structure for this position? 

The Controller will report directly to the Chief Financial Officer.  Also, the Controller will manage a team of 11 professionals with three direct reports. 

How much travel will be required? 

The travel requirements for this position are minimal. 

What is the compensation package?   

The compensation package will be commensurate with experience and will include a base salary, an annual discretionary performance bonus.  

Position Requirements 

This position requires a minimum of eight years of progressive accounting experience with a focus on both the Fund and Advisor aspects of accounting in the Investment Management Industry.  Prior work experience in public accounting is preferred.

This position requires the ability to concurrently manage multiple staff and projects

Strong business acumen with the ability to look at the big picture as well as the detail is required.

Prior experience streamlining and automating processes are required.

Strong communication skills, both written and verbal are required. 

CPA license or equivalent experience is required.  

Personal Qualities 

This position requires a person who is hard working and committed to providing an excellent work product.  The ideal candidate will be able to manage their team to meet deadlines while balancing different priorities placed on the department.

This position requires a person that is confident but also personable and engaging.  

This position requires an intelligent, analytical individual who can operate successfully among a dynamic executive team.

The Company requires a person who is self motivated that exhibits drive and resourcefulness with minimal direction.

This role requires a problem solver with the ability to quickly grasp the business issues of a situation and develop the best possible solution.   

This is an outstanding opportunity to join a stable, yet dynamic and growing company.  Madison offers a challenging and rewarding work environment, competitive wages and full benefits including 401K.  For more information about Madison, visit our web site at  www.madisoncap.com.

COMPANY CONTACT INFORMATION:

Please email cover letter, resume and salary requirements to jobs@madisoncap.com, or fax to 303.957.2008.  Only qualified candidates will be contacted.