Controller

Reporting to the President, the Controller will perform and manage the accounting and financial operations of the firm, including project level and company-wide financial reporting.

RESPONSIBILITIES:

• Oversee and manage the day-to-day accounting operations, including general ledger oversight and maintenance, accounts receivable, accounts payable, payroll, and cash disbursements for multiple entities.
  • Currently, the Company has four stabilized properties, two active development projects, eight entities currently executing predevelopment work, and one real estate operating company.
• Oversee cash management functions (drawing/repaying lines of credit, ensuring collections of rent remittances from external property managers & payments of debt, etc.).
• Prepare or review monthly bank draw requests and equity capital calls.
• Prepare quarterly cash flow distributions to owners in accordance with each entity's preferred return calculations.
• Prepare and review the entities' asset and development management fee.
• Maintain and review real estate development budgets and verify projects are progressing within expected cost budgets.
• Prepare or review annual operating budgets for each entity.
• Analyze operating results compared to budget and report.
• Review monthly GAAP basis and tax basis accounting submitted by the Accounting Manager.
• Produce monthly, quarterly, and year-end financial statements under Generally Accepted Accounting Principles (GAAP) and Tax Basis.
• Prepare quarterly reports analyzing asset performance and Company profit/loss for review with senior management.
• Supervise bank reconciliations process.
• Supervise the payroll process including the maintenance of proper employee data for approximately 10-person team.
• Work with the company's outside accountants for the preparation of federal and state income tax returns.
• Oversee the risk management function of planning and coordinating insurance policies.
• Lead year-end tax planning processes and communicate key tax impact to stakeholders
• Lead compliance with accounting and reporting requirements of the various Operating and Loan Agreements. Working with outside counsel to coordinate necessary amendments.
• Upgrade the Company's accounting technology practices to match its volume of projects.
• Oversee the annual audit for one of the stabilized entities.

QUALIFICATIONS:

• Bachelor's Degree in Accounting or Finance.
• CPA or CPA candidate preferred.
• Minimum of 7 years' experience, combination of public accounting and/or industry sector; real estate experience required
• Superior problem-solving and analytical skills, with great attention to detail.
• Ability to manage a small accounting department servicing multiple functions and tasks.
• Strong verbal and written communication skills.
• Ability to prioritize tasks and thrive in a high volume, deadline-oriented environment.
• Proficiency in Microsoft Office applications, particularly with Excel.
• Yardi system experience preferred