Property Accounting Controller

Job Description

Exciting opportunity for a Property Accounting Controller to provide leadership in property accounting, financial reporting, and portfolio analysis for a private real estate investment firm. This position reports to the Corporate Controller and will work closely with Asset Management, Property Management, and Finance leadership in a collaborative environment. This individual will be responsible for overseeing the financial management of a diverse real estate portfolio, ensuring the integrity of property-level accounting, financial reporting, internal controls, budgeting, and operational efficiency. The ideal candidate brings strong technical accounting expertise, leadership experience, and a proactive approach to driving portfolio performance.

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Responsibilities

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• Lead the monthly, quarterly, and annual close processes for a large and diverse real estate portfolio, including office, retail, industrial, multifamily, and development properties.
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• Maintain a complete and accurate general ledger in accordance with GAAP and company accounting policies.
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• Prepare comprehensive financial statements, including balance sheets, income statements, cash flow statements, and supporting schedules.
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• Collaborate with Asset Management, Property Management, and Finance teams to develop annual operating budgets and forecasts.
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• Perform detailed variance analyses and provide insights into portfolio performance and key operating metrics.
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• Coordinate with external CPA firms on annual audits, tax preparation, and related financial reporting requirements.
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• Partner with external consultants on annual income and expense reporting and other compliance-related initiatives.
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• Develop, maintain, and improve accounting policies, procedures, and internal controls to safeguard company assets and ensure compliance with GAAP.
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• Review and approve journal entries, bank reconciliations, account reconciliations, and financial statements prepared by staff.
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• Ensure the accuracy, consistency, and timeliness of financial reporting across all properties within the portfolio.
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• Standardize accounting workflows and implement best practices to improve efficiency, reporting quality, and data integrity within MRI.
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• Serve as the primary liaison between Accounting, Asset Management, and Property Management teams to resolve accounting and operational issues.
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• Support special projects, acquisitions, dispositions, development projects, and ad hoc reporting requests as needed.
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Leadership & Management Responsibilities

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• Directly supervise, mentor, and develop a team of 4-6 Property Accountants.
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• Oversee the daily operations of the Property Accounting department, ensuring all reporting deadlines are met.
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• Manage workload distribution across the accounting team to maintain productivity and efficiency, particularly during audit and budget cycles.
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• Provide ongoing training, coaching, and technical accounting guidance to staff members.
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• Conduct performance reviews and identify opportunities for professional growth and career development.
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• Ensure quality control over accounting processes, financial reporting, and reconciliations produced by the team.
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• Foster a collaborative, accountable, and high-performing work environment.
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Desired Qualifications

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• Bachelor's degree in Accounting, Finance, or related field.
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• Minimum of 5 years of progressive accounting and leadership experience within the real estate industry.
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• Demonstrated experience overseeing property-level accounting for office, retail, industrial, multifamily, and/or development assets.
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• Strong understanding of GAAP, financial reporting, internal controls, and real estate accounting principles.
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• Extensive experience with account reconciliations, lease administration, and property financial reporting.
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• Advanced proficiency with MRI and/or Yardi software strongly preferred.
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• Advanced Microsoft Excel skills, including financial modeling, Pivot Tables, VLOOKUP/XLOOKUP, and complex spreadsheet analysis.
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• Strong budgeting, forecasting, and variance analysis experience.
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• Proven leadership experience managing and developing accounting professionals.
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• Exceptional analytical, organizational, and problem-solving capabilities.
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• Strong written and verbal communication skills with the ability to effectively collaborate across multiple business functions.
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• Ability to work independently and thrive in a private company environment.
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• Detail-oriented with a commitment to accuracy, accountability, and continuous process improvement.
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• Experience improving accounting workflows, implementing best practices, and enhancing reporting efficiency preferred.
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• Strong project management skills with the ability to manage multiple priorities and deadlines simultaneously.
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