Controller (Real Estate) (MD)

Date Posted: 10/6/2023

Controller (Real Estate) (MD)
Lakewood, NJ (onsite)

Our privately held real estate client, which specializes in residential and multi-family apartment communities, is in search of a Corporate Controller for a newly established position prompted by their growth. The corporate office is situated near Lakewood, NJ. The preferred candidate for this role should possess a CPA, relevant experience in the real estate industry, and previous exposure to public accounting.

Responsibilities:
Create monthly, quarterly, and annual financial reports, encompassing Balance Sheets, Income Statements, and other management documents. Ensure the prompt submission of reporting packages to management and lenders. Supervise the annual budgeting process. Oversee the annual audit process, including the review of workpapers. Prepare journal entries for homebuilding operations. Record monthly payroll through journal entries. Handle accounting tasks related to new property acquisitions and dispositions. For selected properties, verify and post monthly rent charges, make necessary journal entries and accruals for accurate financial statements, manage mortgage, tax, insurance, and escrow schedules and payments, review transactional activity for accuracy, and provide transactional support and troubleshooting for the APM and PMs. Enhance monthly internal reporting statistics for staffing, competitive benchmarking, marketing, unit renovation Return on Investment (ROI), and property Return on Investment (ROI). Update procedure manuals and provide training for accounting users. Supervise and lead general accounting activities, including month-end closure, using the YARDI accounting system. Review monthly financial statements for accuracy and assist in making necessary adjustments.

Requirements:
A Bachelor's degree in Accounting is a prerequisite. A minimum of 5 years of experience in public accounting and a strong preference for real estate/management company experience. CPA certification is highly preferred. Proficiency in Excel is required. Excellent interpersonal skills and the ability to work effectively both independently and collaboratively with individuals inside and outside the company. Capability to manage a demanding workload, prioritize tasks, and meet deadlines. Strong attention to detail and commitment to accuracy.

Please contact Marc Devito at mdevito@clarkdavis.com