Property Controller

Job Description

Role Overview

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We are seeking a detail-oriented, strategic and experienced Property Controller to oversee the financial management of our real estate portfolio. This role serves as a key leader within our private investment firm, ensuring the integrity of property-level accounting, financial reporting, and internal controls. The ideal candidate brings a high level of technical expertise and a proactive approach to portfolio performance. This position reports to the corporate controller.

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Key Responsibilities

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• Financial Oversight: Lead the monthly, quarterly, and annual closing processes for a large diverse real estate portfolio covering office, retail, industrial and multi-family property types as well as development projects.
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• Reporting: Prepare comprehensive financial statements, including balance sheets, income statements, and cash flow analysis.
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• Budgeting & Forecasting: Collaborate with asset management, property management and the finance team to develop annual property budgets and perform variance analysis.
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• Audit & Tax: Coordinate with external CPA firms for year-end audits and tax preparation and with external consultants for annual income and expense reporting.
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• Internal Controls: Maintain and improve accounting policies to ensure GAAP compliance and safeguard company assets.
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Required Qualifications

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• Experience: Minimum of 5 years of progressive accounting experience specifically within the real estate industry .
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• Education: Bachelor’s degree in Accounting or Finance (CPA or Master’s preferred).
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• Technical Skills: Advanced proficiency in MRI Software is highly preferred. High-level Excel skills (modeling, VLOOKUPs, Pivot Tables) are required.
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• Industry Knowledge: Deep understanding of property-level accounting, including CAM reconciliations and lease administration.
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• Attributes: Strong analytical mindset, ability to work independently in a private company environment, and excellent communication skills.
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Leadership & Management Requirements

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In addition to the technical responsibilities, the Property Controller will be responsible for the direct supervision and professional development of a team of 4–6 Property Accountants .

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• Team Supervision: Oversee the daily operations of the property accounting department, ensuring all deadlines for monthly closes and reporting packages are met across the team.
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• Quality Control: Review and approve journal entries, bank reconciliations, and financial statements prepared by staff to ensure accuracy and consistency.
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• Mentorship & Development: Provide ongoing training and technical guidance to staff; conduct formal performance reviews and identify opportunities for career growth.
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• Process Optimization: Standardize accounting workflows and implement "best practices" to improve team efficiency and data integrity within MRI .
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• Cross-Functional Collaboration: Act as the primary liaison between the accounting team and Asset Management/Property Management departments to resolve operational issues.
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• Resource Planning: Manage workload distribution across the team to ensure balanced productivity, especially during peak audit and budget seasons.
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Benefits

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• Competitive salary and performance-based bonus.
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• Comprehensive health, dental, and vision insurance.
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• 401(k) with profit share contributions.
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• Accrued Vacation, Sick, and Personal (annual carry-over of 40hrs)
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