Assistant Controller - Wellesley, United States - Maloney Properties

Description

Maloney Properties accounting department is looking for a highly motivated and analytical individual with real estate accounting experience for the assistant controller position. The successful individual will also have a strong desire to be part of a true, diverse team and to work in an environment that fosters learning through interaction with other property management professionals in a stable and growing company. Possibility to work fully remote after the first 3 months.

Responsibilities include, but are not limited to:

• Lead, instruct and supervise three to five Property Accountants,
• Assist Property Accountants and Regional Managers with weekly cash management.
• Prepare or review monthly, quarterly, and annual property reports to ensure their timely submissions.
• Monitor properties monthly financial performance and manage residual receipt requirements with Regional Manager in accordance with the regulatory agreements.
• Prepare breakeven calculations, cash flow analysis and other analytical reports as necessary.
• Work with Controller and accounting firms to schedule audit package submissions and field work dates.
• Review properties' year end work papers as well as interact with auditors, property managers and regional managers to address open items.
• Work with accounting firms to achieve the timely completion of audits as stipulated in the governing documents.
• Review governing documents and prepare year end distribution calculations accordingly for controller's review as well as overseeing the actual disbursements.
• Work with the Construction Coordinator to track project progress, completion status and prepare payment applications.
• Work with Project Coordinator and Property Accountant to schedule vendor payments if applicable.
• Work with Property Accountant to issue the Contracting Service Department monthly financial statements including projects Status report and submit to CFO.
• Other duties as assigned by a supervisor.

• Working knowledge of at least five years' experience with accounting for subsidized housing. Public Accounting experience is preferrable.
• Experience supervising accounting staff.
• Advanced MS Excel skills.
• Knowledge of Yardi is beneficial.
• Knowledge of HUD regulations as it applies to financial reporting.
• Good written and verbal communication skills are necessary for interaction with clients, banks and State, Federal and City Regulatory agencies.