Controller - Commercial Property Management

Job Description

Controller – Commercial Property Management

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Factoria, WA

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Our client, a well-established real estate investment, development, and property management firm with deep roots in the community, is seeking an experienced Controller to oversee the accounting and financial operations for a portfolio of 11 commercial properties.

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Reporting directly to the CFO, this individual will play a key leadership role in overseeing financial reporting, accounting operations, budgeting, forecasting, and internal controls.

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Working closely with senior leadership, investment management, and property management teams, the Controller will ensure financial accuracy, strengthen accounting processes, and provide meaningful insights to support business decisions.

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The ideal candidate brings a strong background in commercial real estate property management accounting and demonstrated experience leading accounting teams. This individual is analytical, detail-oriented, and proactive, with the ability to balance hands-on accounting oversight with broader financial strategy. Strong communication skills, a collaborative leadership style, and a commitment to improving processes will be essential to success.

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Controller Responsibilities

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• Oversee all accounting and financial operations for an assigned portfolio of commercial properties, ensuring accuracy, consistency, and timely reporting.
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• Lead monthly, quarterly, and annual financial close processes, including journal entries, reconciliations, accruals, and financial statement preparation.
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• Prepare, review, and analyze financial statements, management reports, and variance analyses, providing actionable insights to senior leadership.
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• Manage day-to-day property accounting functions, including accounts payable, accounts receivable, general ledger, tenant billing, collections, and lease accounting.
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• Lead annual budgeting, forecasting, and financial planning in collaboration with the CFO, investment management, and property management teams.
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• Oversee CAM reconciliations, operating expense recoveries, property taxes, insurance reimbursements, and other tenant-related financial obligations.
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• Manage cash flow, liquidity forecasting, banking activities, capital calls, loan draws, and ownership distributions.
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• Monitor debt obligations, lender reporting, covenant compliance, and related financial requirements.
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• Establish and maintain strong internal controls, accounting policies, approval procedures, and compliance with GAAP and applicable regulations.
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• Oversee fixed assets, depreciation, capital expenditures, tenant improvements, and construction-related accounting.
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• Coordinate annual audits, tax preparation, regulatory filings, and financial reporting requirements with external auditors and advisors.
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• Partner with investment and asset management teams to support property acquisitions, dispositions, ownership transitions, and other significant transactions.
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• Review and maintain accounting records related to leases, security deposits, intercompany transactions, and ownership structures.
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• Lead, mentor, and develop accounting staff, establishing clear expectations, accountability, and consistent reporting standards.
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• Collaborate with senior leadership, property managers, and other departments to address financial matters and support portfolio performance.
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• Identify opportunities to streamline accounting workflows, strengthen reporting, and improve operational efficiencies.
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• Optimize property accounting systems and technology, including Yardi, to enhance reporting accuracy and productivity.
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• Support new property onboarding, entity setup, accounting system transitions, and financial process implementation.
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• Provide financial analysis and recommendations to support strategic planning, investment decisions, and long-term portfolio objectives.
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• Participate in special projects and other financial initiatives as needed.
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Controller Qualifications

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• Bachelor’s degree in Accounting, Finance, or a related field, or an equivalent combination of education and relevant professional experience.
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• 8–10+ years of progressive accounting experience, including significant experience in commercial property management accounting.
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• Strong understanding of GAAP, commercial property accounting, financial reporting, and CAM reconciliations.
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• Demonstrated experience managing and developing accounting professionals.
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• Experience with budgeting, forecasting, cash management, and financial analysis.
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• Proficiency with property management accounting systems; Yardi experience preferred.
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• Strong analytical, organizational, and problem-solving skills with exceptional attention to detail.
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• Excellent interpersonal and communication skills, with the ability to collaborate effectively across departments and with senior leadership.
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• Ability to manage competing priorities, meet deadlines, and identify opportunities for process improvement.
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Company Benefits

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• Medical, dental, and vision insurance
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• Lucrative Bonus Potential
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• Paid time off and holidays
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• 401(k) retirement plan
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• Employee Assistance Program
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Compensation: $140,000-180,000 + bonus

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