assistant controller

ClarkDavisAssociates

Parsippany-Troy Hills, NJ, United States permanent

Posted: July 20, 2016

Quick Summary

We are seeking a highly skilled Assistant Controller to join our growing commercial/residential real estate company. The ideal candidate will have experience in financial analysis, accounting, and reporting, with a strong background in real estate. The successful candidate will be responsible for supervising senior accountants, reviewing financial reports, and assisting with financial modeling and analysis.

Job Description

Growing Commercial/Residential Real Estate company is looking for a young and talented Assistant Controller.

• Supervise and train senior property accountants
• Review monthly GL close and internal/external reporting ensuring all financial reports are prepared accurately and on a timely basis
• Review property cash flow - coordinate both distributions to partners and/or capital calls issued to partners as needed
• Review year-end CAM escalations, real estate tax escalations and other recovery calculations
• Assist with creating financial models for the acquisition, development and divestiture of institutional sized real estate transactions
• Interface with independent auditors and tax preparers in the preparation of annual audits and tax returns for multi-tier partnership structures
• Review and analyze property operating budgets for timely distribution to senior management, partners and /or lenders
• Review complex joint venture agreements and prepare abstracts related to capital distributions/capital calls and allocation on profit and loss both for tax and GAAP
• Review loan agreements and oversee compliance with payment terms and debt covenants
• Review construction draw requests and interface with respective lenders and institutional investors
• Review construction budgets for development and tenant improvement projects and analyze actual to budget variances. Review and estimated costs to complete the construction projects on a monthly basis.
• Ensure compliance with cost control procedures for purchasing goods and services
• Special projects as needed

• A bachelors degree in accounting with a minimum of 7-10 years of progressive accounting experience
• Real estate industry experience preferred
• 5 years supervisory experience
• The ability to work efficiently and effectively to meet deadlines and work with multiple departments/managers and assignments simultaneously
• Excellent analytical, communication and interpersonal skills

140k plus bonus

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