Capital Markets Controller

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…