Property Controller (New York)

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