Property Controller

Our client, a real estate owner/developer with a portfolio of Class A commercial properties, is seeking a Property Controller to oversee 1-2M sqft of office/retail space. This company offers a hybrid schedule and an above-market comp package.

Salary: $120K-$145K, 20% bonus

WFH: 2-3x per week

Responsibilities:

• Responsible for all accounting and financial reporting functions of assigned properties at the property and JV level on a daily, monthly and if applicable, quarterly and annual basis.
• Work with AVP to complete annually, draft audited financial statements, TC-201 filings and all required schedules to complete such. Work with auditors to clear all open points, make necessary adjustments and ultimately ensure that audit report and TC-201 are filed timely and accurately. Schedules completed include, but are not limited to, ASC 805,Straight-line rent, Amortization and Depreciation, etc.
• On a monthly basis, prepare required reporting package for review and eventual issuance internally and to partners. This includes, but may not be limited to, financial statements, bank reconciliations, variance analysis of P&L and capital, workpaper schedules for balance sheet accounts and cash flow reports. Coordinate with PM and AM to ensure all required reports are completed and submitted timely.
• Interface on a daily, and as needed basis, with AP/AR Coordinator, Asset Management and Property Management in order to accomplish the above efficiently and accurately.
• Monthly review and compare internal rent roll with system-based rent roll, specifically suites and tenant charges, in preparation of monthly tenant rent statements.
• Coordinate with property in the monthly billing of utilities and sundries to tenants.
• Prepare/review/assist in preparation of operating expense, real estate tax and other applicable escalation calculations in order to invoice estimated recoveries as well as required year-end reconciled true-up calculation in a timely manner.
• Review accounts receivable aging monthly and establish a course of action for delinquent tenants in conjunction with Property and Asset Management.
• Review all property related invoices for proper coding, dates, amounts, vendors, etc.
• Coordinate with AP/AR Coordinator on the weekly check run to ensure all necessary invoices are paid, checks are sent to property for disbursements and all necessary cash transfers are made.
• Assist in preparation, review and input of annual property budget.
• Assist in annual 1099 process.
• Prepare on the required basis, Sales tax and if applicable, CRT returns for each property.

Skills and Qualifications:

• BS or BA in Accounting.
• Experience in accounting for Commercial Real Estate in NYC preferred.
• Experience with MRI, Yardi and/or Nexus is a plus.
• High proficiency in Excel and Word is a plus.
• Basic understanding of GAAP and Tax basis of reporting as well as Cash and Accrual basis of accounting.