Assistant Controller

Assistant Controller to $140k, Raleigh, NC - Onsite

The Assistant Controller oversees the compliance functions for multiple entities and properties, including debt covenants, escrow reimbursements, regulatory and municipality requirements. Assist in year-end closing and the preparation of precise and timely financial information to executive management, regulatory and taxing authorities, lenders, and investors.

Qualification Requirements

An experienced Accounting Professional who has 10+ years of accounting experience with the ability to effectively communicate complex financial information to a variety of constituencies in simple, understandable terms.

Minimum Qualifications

• BS in Accounting. CPA or MBA is a plus.
• Minimum 10 Years of Experience preferably within a real estate firm

Knowledge, Skills and Abilities

• Public accounting experience is a plus
• CPA with working partnership tax knowledge
• Computer proficiency in Microsoft Office, especially Excel
• Knowledge and experience using Yardi
• Strong detail orientation, strong work ethic, sense of urgency, positive attitude
• Excellent written and oral communication skills.
• Strong management skills.

Supervisory Responsibilities

Staff of one employee includes: one administrator.

Essential Functions

Monthly:

• Oversee the RRA compliance employee, assess loan compliance reporting, and supervise the loan reserve process.
• Ensure compliance with fee arrangements as documented between investment entities and the management company.
• Maintain internal policies and controls.
• Review and maintain internal company debt obligations.
• Perform treasury functions as required.
• Manage commercial draw process with lending institutions for new developments.
• Provide support and management of internal system platforms including Yardi, and Microsoft Office (Access & Visual Basics).

Annually:

• Assist in the preparation of the annual property and management company budgets (fee schedule, escrows, mortgage, insurance, and expense reimbursement management).
• Assist with investor reporting via investor portal.
• Review annual work papers for accuracy and completeness.
• Prepare and maintain a strong working knowledge of partnership taxation, especially as applicable to the real estate industry.
• Assist third party contractors in the property tax appeal process.
• Work with our outside accounting firm in the preparation of federal and state tax returns and the generation of the personal financial statements of key investors.

As Needed:

• Provide and prepare property level information for financing and investment sales.
• Prepare ad-hoc reports as required by executive management.