Assistant Controller-MUST HAVE REAL ESTATE ACCOUNTING EXPERIENCE

Job Description

Job Description

NEWLY CREATED POSITION DUE TO GROWTH!

Exciting opportunity to join fast growing real estate private equity firm that owns and operates multifamily communities across the US.

This position can lead to a career path to Controller and beyond.

Position Overview

The Position leads property-level accounting across the portfolio and manages a team of five staff accountants. This role oversees and helps create financial reporting, accounting policies and controls, and monthly property financial reviews. The Assistant Controller partners with senior leadership, the President of Property Management, Property Operations, Asset Management, and Finance to improve processes and support continued growth.

Key Responsibilities

Property Accounting and Team Leadership

• Lead property-level accounting and the monthly, quarterly, and year-end close across the portfolio.

• Manage and develop five staff accountants through portfolio assignments, work review, training, and feedback.

• Sets and enforces close calendars, review standards, and escalation procedures, and build capacity for portfolio growth.

Monthly Close and Financial Reporting

• Review and approve monthly property financial statements, general ledger activity, journal entries, reconciliations, accruals, prepaid expenses, fixed assets, and intercompany activity.

• Ensure reporting complies with U.S. GAAP, company policies, management agreements, and owner and lender requirements.

• Analyze results against budget, forecast, and prior periods; investigate unusual activity and significant variances.

• Monitor the portfolio close, resolve bottlenecks, and ensure complete and timely reporting.

Ensure the property books are in compliance with GAAP, lease accounting requirements, and lender, investor, or reporting covenants.

• Manage reserve, escrow, and lender-required accounts for financed properties, including timely and accurate draw and reporting submissions.

• Review acquisition and disposition journal entries for accurate recording in the financial accounting system, and track and maintain post-close true-ups.

· Manage bank reconciliations, cash positioning, and short-term cash flow forecasting for all managed properties.

 

Accounts Payable and Procure-to-Pay Partnership

• Partner with the President of Property Management and operations leadership to improve accounts payable and procure-to-pay processes.

• Collaborate on Yardi Procure to Pay and Bill Pay Express workflows, approvals, access, training, and issue resolution.

• Provide accounting oversight over invoice coding, cutoff and accruals, AP aging, vendor balances, and subledger reconciliation.

• Coordinate payment timing and cash requirements and help maintain appropriate approval, segregation-of-duties, and fraud-prevention controls.

Policies, Controls, and Business Partnership

• Develop and enforce property accounting policies, procedures, and internal controls across the portfolio.

• Partner with Property Operations to improve receivables, collections, cash management, expense coding, and documentation.

• Support budgeting, forecasting, property onboarding, system improvements, and cross-functional initiatives.

• Coordinate property-level audit support with external auditors and other reviewers.

Job Qualifications

• Bachelor's degree in Accounting, Finance, or a related field and seven to ten years of progressive accounting experience required; CPA or CPA candidate preferred.

• Significant real estate or property management accounting experience.

• Experience leading an accounting team and managing a multi-property or multi-entity portfolio.

• Strong knowledge of U.S. GAAP, financial reporting, reconciliations, audit support, and internal controls.

• Advanced Microsoft Excel skills and experience with Yardi Voyager; familiarity with Yardi Procure to Pay and Bill Pay Express preferred.

\nCompany Description

Real Estate Private Equity Firm

Company Description

Real Estate Private Equity Firm