Property Assistant Controller #201559

Assistant Property Controller #201559

The Property Assistant Controller position is with a top tier Fortune 100 company. This position pays between $100 - 130K + 10-20% target bonus and is remote work from home with a requirement to go into the office when needed, meetings, etc. The company offers an outstanding corporate culture work environment along with lots of room for career advancement and a exceptional work life balance. This position can be based out of Los Angeles, CA, Dallas, TX., New York City, NY., Minneapolis, MN., or Washington D.C. areas.

We are looking for an Assistant Controller for the company 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 owner entity, related taxable REIT subsidiary entity, if any and parent company/JV entity. You will prepare monthly, quarterly and annual financial reporting packages and other client reporting as required.

Essential duties and responsibilities:

Financial reporting packages: Produces financial reporting packages and other required financial information and analytics for all property related entities as required. 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:

Supports the daily activities of cash management. Prepares monthly bank reconciliations manually recording journal entries for reconciling items if needed. 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.

Lease Administration:

Review lease abstracts and lease recurring charge set up. Prepares escalation/CAM calculation for income budgeting/billing estimates and annual true ups.

Job requirements

Degree from a four‐year 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.

Requires intermediate analytical and quantitative skills, solid economics, math and analytical skills and ability to apply them.

Knowledge of real estate terms, definitions, and real estate analytical methodology. Knowledge of company financial systems as well as internal and external information sources. Intermediate knowledge of computer software and hardware (i.e., Microsoft Office Suite Products with focus on Excel). Ability to work in multiple accounting and/or reporting software applications.

Decisions made with general understanding of procedures and company policies to achieve set results and deadlines.

QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and EXPERIENCE: Degree from a four-year 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.

CERTIFICATES and/or LICENSES: Certified Accountant qualifications in relevant jurisdictions or working towards this.

FINANCIAL KNOWLEDGE: 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 full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis. Solid technical financial skills and knowledge of GAAP, FASB, REIS, IFRS, and in-region/inter-country standards. At least basic understanding of the tax rules in relevant jurisdiction.

OTHER SKILLS and/or ABILITIES: Solid economics, math and analytical skills and ability to apply them and in the pursuit of diverse situations. Knowledge of real estate terms, definitions, and real estate analytical methodology. Knowledge of Company financial systems as well as internal and external information sources. Intermediate knowledge of computer software and hardware (i.e. Microsoft Office Suite Products with focus on Excel). Ability to work in multiple accounting and/or reporting software applications.

NOTE: An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing.

Equal Opportunity Employer

Genesis Management Consulting Global is an Equal Opportunity-Affirmative Action Employer. As a company we promote and are committed to equal employment opportunities for all regardless of the persons gender, race, color, religion, ancestry, sex, age, national origin, marital status, sexual orientation, disability, Veteran status, or gender identity. If you have special needs or a disability which requires our accommodation, please make us aware when applying.