Property Controller

Location: NYC
Base Salary: 75k-85k p/ year
Bonus and Excellent Benefits Package offered.
Total comp of over 100k p/ year.
Transportation subsidies offered.

Our client, a real estate company, is looking for a Property Controller to manage its accounting and reporting procedures for assigned properties and related ownership entitles.

JOB RESPONSIBILITIES:
Act as liaison between Finance and other departments, extensive interaction with US Tax Department, Property Management, Fund Accounting and Property Director.

Establishes full understanding of all partnership, management agreements, and loan agreements, ensuring full compliance with all loan documentation and that financial statements accurately reflect the terms of such agreement.

Work with tax department and tax firms to ensure all tax regulations (eg. UNICAP, 704B, etc.) are recorded appropriately in tax basis financial statements.

Liaise with the Regional Financial Director to obtain updates on the status of the project/property that may impact preparation of books and records.

Review accruals prepared by Building Management Office to determine proper accounting standards are followed.
 

Prepare Monthly Reports (capital availability, capital expenditure).

Prepare monthly workpapers for accrual and US GAAP based books and records including the review of accruals, rollfoward of fixed assets, etc.

Review management fees.

Review and evaluate current and future cash requirements.

Review bank reconciliations prepared by a third party.

Review MRI lease profiles and retroactive billing adjustments.

Prepare check request for legal, accounting and tax services.

Review and voucher corporate allocations and supervision and coordination fees due Manager.

Prepare workpapers for accrual and US GAAP and/or US Tax based books and records including the review of accruals, rollforward of fixed assets, calculation of straightlined rents, etc.

Provide appropriate information to Building

Management Office to complete the quarterly re-forecast against the original budget.

Prepare/review quarterly US GAAP (or US tax if necessary) financial statements for investors and lender requirements.

Use re-forecast information prepared by Property Management to complete US GAAP projections to the Fund accounting group and when necessary, tax projections through associates' level for the tax group.

Prepare quarterly compliance testing as requested by fund level debt institutions.

Update FAS13 and FAS141 schedules, where applicable, in conjunction with quarterly workpapers and financial reporting.

Prepare quarterly distributions to owners.

Review and voucher monthly sales and use tax returns where applicable.

REQUIREMENTS:
5 years experience in ( real estate) public accounting and/or real estate accounting.
Auditing experience with emphasis on Real Estate a plus.
CPA a plus, not a requirement.
Bachelors degree in Accounting.
MRI fluency a plus.
Good Excel skills.