Finance Controller

Job Description

Job Description

FINANCE CONTROLLER

COMPANY OVERVIEW

MC Property Management Corp is a well-established, family-owned property management company based in Lemont, Illinois, with 30 years of proven success under consistent leadership. We specialize in comprehensive association management services for condominiums, townhomes, and homeowner associations (HOAs), as well as professional rental management services for individual homeowners and investment groups. Our longevity and stability in the market reflect our commitment to excellence, integrity, and exceptional client service.

POSITION SUMMARY

The Controller is responsible for the overall financial administration of the condominium and homeowner associations managed by MC Property Management Corporation. This position provides leadership and oversight for association accounting, treasury management, financial reporting, budgeting, banking, audits, special assessment administration, and regulatory compliance.

The Controller ensures the integrity and accuracy of all financial records, establishes and maintains sound internal controls, coordinates annual audits and tax reporting, and serves as the primary financial resource for management, Boards of Directors, auditors, financial institutions, and regulatory agencies.

This position also provides leadership to the accounting department by developing efficient processes, supporting staff, ensuring continuity of operations through cross-training, and continually improving financial systems and procedures.

KEY RESPONSIBILITIES

Financial Leadership & Oversight

• Provide leadership and oversight of all association accounting functions.
• Ensure the accuracy, completeness, and timeliness of financial reporting.
• Develop, implement, and maintain sound accounting procedures and internal controls.
• Recommend improvements to accounting systems, workflows, and financial processes.
• Provide financial guidance and support to company leadership and community association Boards of Directors.
• Maintain confidentiality of all financial information.

Association Financial Reporting

• Review and approve monthly financial statements for managed associations.
• Prepare and post adjusting journal entries.
• Post assessment charges and ensure assessment accuracy.
• Determine and process monthly reserve transfers.
• Prepare customized financial reports and analyses as requested by Boards of Directors and management.
• Respond to Board member financial inquiries.

MC Property Management Corporate Accounting

• Manage accounts payable and accounts receivable. 
• Complete monthly corporate financial statements. 
• Assist in preparing annual operating budgets. 
• Reconcile corporate credit card accounts. 

Treasury & Banking Management

• Monitor Positive Pay banking systems.
• Establish new association bank accounts and lockbox services.
• Maintain bank signature cards and authorized signers.
• Open, monitor, and renew Certificates of Deposit (CDs).
• Maintain banking records and tracking spreadsheets.
• Coordinate closure of prior banking relationships during community transitions.
• Monitor the successful transition of utility accounts and banking services for newly acquired associations.

Audit, Tax & Regulatory Compliance

• Coordinate annual financial audits and tax return preparation with outside CPA firms.
• Prepare financial schedules and supporting documentation required for audits.
• Respond to audit confirmations and questionnaires regarding accounts receivable and accounts payable.
• Track tax return preparation and filing deadlines.
• Process EFTPS tax payments as required.
• Respond to IRS and state tax notices.
• Coordinate updates to federal and state tax records, including legal address changes.
• Complete condominium questionnaires involving financial, legal, rental, structural, and special assessment information.

Budgeting & Financial Planning

• Assist with annual operating budget preparation.
• Develop reserve funding forecasts.
• Assist management with long-term financial planning.
• Prepare financial projections related to capital improvement projects and special assessments.

Special Assessment & Loan Administration

• Develop owner assessment allocation schedules.
• Prepare project cost projections.
• Monitor capital project expenditures compared to approved budgets.
• Forecast reserve funding requirements.
• Manage Lines of Credit associated with capital projects.
• Calculate homeowner payoff amounts.
• Coordinate quarterly loan principal reductions and loan re-amortizations.

New Association Financial Onboarding

• Establish accounting records for newly acquired associations.
• Configure associations within software program, including assessment schedules, charge codes, billing, and late fee structures.
• Establish associations within closing software program and upload required documentation.
• Import beginning financial balances.
• Verify ownership percentages and prepare assessment allocation schedules.
• Coordinate financial transition activities to ensure a seamless onboarding process.

Supervisory Responsibilities

• Provide leadership, guidance, and technical support to accounting personnel.
• Assist with employee training and onboarding.
• Monitor workload distribution and ensure timely completion of accounting functions.
• Recommend process improvements and best practices.
• Foster a collaborative, service-oriented accounting team.

QUALIFICATIONS

• Bachelor's degree in Accounting, Finance, or related field required.
• CPA designation preferred but not required.
• Minimum five years of progressively responsible accounting experience, preferably as a CFO, Controller, or Accounting Manager.
• Experience with condominium associations, homeowner associations, property management, or real estate accounting strongly preferred.
• Experience coordinating audits and tax preparation.
• Experience with Village Management Software (VMS) or similar property management accounting software preferred.
• Strong knowledge of GAAP and financial reporting.
• Thorough understanding of banking, treasury management, and internal controls.
• Excellent analytical, organizational, and problem-solving skills.
• Advanced Microsoft Excel proficiency.
• Ability to manage multiple priorities while meeting strict deadlines.
• Strong written and verbal communication skills.
• Ability to explain financial information to non-financial audiences.
• Exceptional attention to detail and accuracy.
• High level of integrity and professionalism.
• Ability to remain seated for extended periods while working at a computer.

WHAT WE OFFER

This is an exceptional opportunity to join a stable, successful company with 30 years of consistent leadership and growth. You'll work directly with an experienced owner-operator, gaining unique insights while having the autonomy to lead accounting and make meaningful impact. We value loyalty, innovation, and the kind of deep industry knowledge that comes from working your way up through the ranks.

WORKING CONDITIONS

• Professional office environment in Lemont, IL.
• Valid driver's license and reliable transportation required.
• Ability to travel locally within service area for occasional meetings with banks, board members, or vendors.

COMPENSATION & BENEFITS

• Health insurance 
• Paid Holidays
• 401K program
• 2 weeks per year (earn as you go)
• Professional development and continuing education opportunities
• Opportunity to be part of a stable, family-owned business with strong values

MC Property Management Corp is an Equal Opportunity Employer

To apply, please submit resume, cover letter detailing your career progression in Accounting and professional references to View email address on ziprecruiter.com