Real Estate Assistant Controller

Assistant Controller – Property Accounting

Reports to: Chief Financial Officer

Department: Accounting

Job Description:

The Assistant Controller will have the responsibility of working with property accounting staff, including senior accountants, accounts payable and treasury team members to provide leadership and oversight over the day-to-day financial operations of their assigned properties.

Essential Duties and Responsibilities include the following:

• Prepare and review all aspects of the monthly property closings for their assigned properties to produce accurate and timely property financial statements

• Act as liaison between Property Management, Asset Management, Capital Markets, Due Diligence, Fund Accounting and other departments to deliver accurate financial information, on a timely basis.

• Prepare and review monthly and quarterly reporting to lenders, where applicable.

• Review tenant leases/amendments regarding tenant set-up and billings matters

• Assist the Collection Coordinator with tenant ledger and billing inquiries

• Review monthly management fee calculations

• Review and evaluate current and future cash requirements at the property level

• Prepare/review monthly work papers, bank reconciliations and variance reports

• Review and approve vendor invoices

• Prepare and review monthly distributions and capital calls, at the property level and related fund level

• Prepare/Review annual CAM/real estate/insurance reconciliations

• Coordinate completion of annual budgets with other departments and property managers

• Assist in the annual audit process and provide support to the Fund Controller, Property Controller and Chief Financial Officer

Ancillary Responsibilities

• Work closely with Due Diligence and Capital Markets regarding property sales, acquisitions, appraisals and lender related issues.
• Work on special projects as assigned by senior management

Qualifications – To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• BA/BS Degree in Accounting
• Minimum 5 years experience in real estate and/or property management accounting as a Supervisor.
• Advanced Excel skills preferred
• Property Management/Accounting software experience (Yardi, AvidxChange, Concur, Blackline, etc.)
• Strong analytical and problem-solving skills
• Solid understanding of all real estate accounting issues
• Excellent communication and organization skills are essential
• Must be a strong leader and mentor
• Must work within deadlines