Property Controller
$130k - $150kGenuine Search Group
Our client is a high profile commercial real estate investment firm with a great reputation in the industry. They have a very friendly work environment and can offer significant potential for growth.
Salary: $130K-$150K + 15% bonus
Responsibilities Include:
- Manage the accounting function for a portfolio of Class A properties in New York and other primary markets in the US
- Prepare monthly, quarterly and annual financial statements on an accrual basis
- Analyze the general ledger for each property, prepare journal entries, calculate accruals and adjustments and maintain detailed workpaper files on a monthly basis
- Review results of operations and provide detailed explanations of variances
- Review invoices to ensure correct account coding and expense allocations
- Prepare reconciliations of all cash accounts, reserves and escrows
- Monitor cash balances and request capital funding, as needed
- Maintain fixed asset and depreciation schedules
- Calculate real estate tax and operating expense escalations
- Interact with asset managers, leasing agents, and property managers
- Assist in the resolution of tenant billing inquiries with accounts receivable and legal departments
- Ensure lender reporting compliance
- Prepare documentation for loan draws and reserve disbursements
- Respond to lender inquiries, as needed
- Compile financial information for analysts during debt refinances and/or sales of properties
- Prepare annual budget and reforecast
- Prepare real estate tax certiorari filings
- Serve as the main contact for annual audits and tax return preparation
Requirements Include:
- Bachelor's Degree in Accounting
- Minimum of approximately 3-5+ years of experience in public accounting or private industry within the real estate industry
- Experience in commercial real estate
- Knowledge of escalations
- Experience preparing financial statements on an accrual basis
Vacancy posted 23 hours ago
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