Property Controller

A real estate company located on Long Island is actively seeking a dedicated and dynamic professional to join their staff as their new Property Controller. In this role, the Property Controller will establish a full understanding of all partnership, management, and loan agreements, ensuring full compliance with all loan and joint venture documentation, and that financial statements accurately reflect the terms of such agreements.

Responsibilities

The Property Controller will:

• Review monthly/quarterly workpapers for accrual and US GAAP based books and records
• Supervise property accounting staff assigned to relevant properties
• Review/ prepare draw requests to be submitted to lenders when required, respective to construction loans.
• Timely preparation /review of monthly and/or quarterly reporting packages to meet investors and lender reporting requirements.
• Prepare monthly cash flow distributions/contributions/ capital calls to joint venture partners and/or upper tier entities
• Understand complex organization charts and be able to prepare consolidations where necessary
• Prepare annual audited financial statements
• Prepare TC201 and RPIE filings for New York City properties and any relevant filings with other municipalities
• Work with tax department to ensure compliance with all tax regulations
• Provide appropriate information to Asset Managers for any meetings or written communication they may have with firm operation officers, lenders, and joint venture partners
• Participate in the integration of all accounting related activities on property acquisitions
• Review management fees

• Bachelor’s degree in accounting
• 8+ years’ experience in public accounting and/or real estate accounting
• Working knowledge of US GAAP accounting with respect to residential real estate (office) properties
• Proficient in Microsoft Excel
• Strong organizational skills
• Ability to multitask
• Excellent communication skills

• Auditing experience with emphasis on Real Estate
• CPA
• Experience with Yardi