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Form of workJob Description
Property Controller
A well-established commercial real estate company situated in Midtown is actively seeking to recruit a PROPERTY CONTROLLER with a minimum of 5 years of experience in commercial building real estate accounting. We are particularly interested in candidates who possess advanced proficiency in Excel and are well-versed in property management software like Yardi (MRI or similar systems).
Our ideal candidate will excel in communication, demonstrating the ability to engage effectively with ownership and external clients. They should be an independent thinker and adept problem solver, proactive in their approach, possess strong analytical capabilities, and exhibit superior organizational skills.
Responsibilities:
- Preparing monthly management reports, work papers, lender and partner compliance reporting - including monthly journal entries and bank reconciliations
- Preparing monthly and quarterly variance reports
- Managing accounts payable
- Approving and posting cash receipts
- Calculating and posting monthly management fee
- Analyzing monthly cash flow, preparing cash projections and quarterly distributions
- Working closely with property management team on development project budgets and change orders
- Overseeing monthly sales tax and quarterly commercial rent tax
- Preparing and overseeing annual TC201 and RPIE filings
- Preparing annual budgets and forecasted income
- Calculating monthly OpEx and RE Tax Escalation, as well as annual reconciliations
- Preparing year-end audit/tax packages and collaborating with the external auditors
- Working closely with the property managers and lenders to assist with any tenant-related matters
- Preparing special ad-hoc analysis/projects, as required by the internal investment owners and lenders
Qualifications:
- Minimum of 5+ years of commercial building real estate accounting experience
- Public accounting audit experience a plus
- CPA a plus
- Knowledge of Yardi is strongly preferred
Compensation / Benefits
- $110k - $135k base + bonus
- Health, Dental, Vision, Life
- 401(K)
