Assistant Property Controller, Office - New York, United States - Soar Real Estate
Description
Assistant Property Controller
- 3+ yrs exp in commercial property accounting.
- GAAP accounting, financial statement preparation.
- Can read loan and joint venture agreements.
- Yardi a plus.
Assistant Controller where you will work in an ambitious and growing environment.
Under some supervision you will be responsible for the financial reporting and analytical review of the property owner entities, related taxable REIT subsidiary, joint venture entities and certain entities that invest in the JV entity.
You will prepare monthly, quarterly and annual financial reporting packages and other client reporting as required.Background in Historical GAAP/FV financial reporting and experience with wholly owned assets and joint ventures; Residential or Commercial or other Property accounting experience
Essential duties and responsibilities:
- Financial reporting packages:_
Financial reporting packages include the preparation of workpapers for all balance sheet general ledger accounts on a monthly or quarterly basis in addition to standard financial statements.
Financial statements are prepared on the reporting basis determined by the client (i.e. US GAAP - Historical Cost or Fair Value). Works with client's auditors for interim and year end audits; helps draft annual audit report.- Monitors Financial Performance:_
Compiles, analyzes, and monitors financial data by performing detailed review of monthly property owner reports including but not limited to: operating statement variance reports, aged receivables, aged payables and capital expenditures variance to budget.
- Treasury Function:_
Reviews cash balances to avoid shortfalls, prepares capital calls or loan draws for funding when needed and requested by client.
Prepares distribution waterfalls and executes distribution when required.Manages cash security deposits and major property related payments including but not limited to debt service, municipal taxes, real estate taxes and ground rent if applicable.
Ensures fees payable to management company are accurately calculated and paid timely.- Risk Management:_
- Lease Administration:_
- Customer Service:_
Troubleshoots escalated issues and ensures internal and client requests are handled timely, accurately and with a focus on customer service.
- Systems: _
- Special Projects: _
- Other Duties:_
- Supervisory Responsibilities:_
Job requirements
- Degree from a fouryear college or university program with an emphasis in accounting, finance or related field required.
- A minimum of three years accounting experience or equivalent combination of education and experience required. Prior experience in real estate accounting and analytics preferred.
- Solid organization skills and analytical skills a must.
- Communicates clearly, effectively and concisely. Should have presentation skills, solid written and verbal communication skills.
- Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an intermediate knowledge of financial terms and principles to include accounting methods: cash, accrual, and GAAP.
- Ability to comprehend, analyze, interpret complex documents and problem solve.
- Decisions made with understanding of procedures and company policies to achieve set results and deadlines.
Pay:
$100, $115,000.00 per year
Benefits:
- 401(k)
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Experience level:
- 2 years
Schedule:
- Monday to Friday
Supplemental pay types:
- Bonus opportunities
Education:
- Bachelor's (preferred)
Experience:
- GAAP: 2 years (preferred)
- Financial statement preparation: 2 years (preferred)
- Yardi: 1 year (preferred)
Property Accounting:
3 years (preferred)
Property Accounting: 3 years (preferred)
Joint Venture Accounting: 1 year (preferred)
Work Location:
In person
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