Property Controller

A private family office is looking for an experienced individual who will work closely with the family principals. This person will run the financial operations of the family office which consist of bookkeeping and vendor payments; however, the main responsibility of the Controller will be for accounting and external financial reporting for a portfolio of real estate investments. This encompasses the full spectrum of transaction processing, general ledger analysis, external financial reporting, annual audit preparation and ownership distributions.

The end of each month is focused on preparing consolidated financial statements across the portfolio and business entities, and then reviewing these with the family principals to help them understand the status of all investments, spending and cash flow.

To be successful in this role, candidate will be extremely organized, have a roll-up-the-sleeves attitude and a history of performance.

RESPONSIBILITIES:

· Record monthly gross rents, loss/gain to lease and vacancy

· Perform all monthly account reconciliations

· Ensure timely payments of monthly mortgages and quarterly real estate tax payments

· Create and maintain recurring payables and journal entries for each property

· Process non-standard or non-recurring payables and journal entries

· Analyze, calculate and record monthly accrued expenses

· Review and analyze monthly general ledger activity, research and resolve with property management personnel and record any adjusting or reclassifying entries necessary

· Complete month-end closing and prepare and submit periodic reporting packages to investors

· Partner with property management personnel in preparation of periodic and ad hoc reporting requests from ownership

· Prepare year-end audit workpapers for external audit. Field on-going audit requests and manage the audit process for your portfolio. Review audited financial statements and distribute as necessary when finalized

· Support property management’s annual budget preparation by preparing detailed budgets of specific non-operational expenses (ex. debt service, insurance and real estate taxes).

· Monitor available cash on an ongoing basis

· Process and record cash transfers (wires, intercompany transfers, accounts payable and payroll funding, ownership distributions) as needed

REQUIRED EXPERIENCE:

· Bachelor’s degree in accounting

· A minimum of 5 years of accounting and 3 years residential property/multi-family housing experience

· Experience in a wide variety of accounting software systems including modern real estate industry /property management software

· AppFolio software experience a plus

Job Type: Full-time

Pay: $75,000.00 – $85,000.00 per year

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: One location