Overview
POSITION SUMMARY: The Assistant Controller supports the Controller and CFO in managing accounting, financial reporting, and internal controls for a portfolio of retail real estate assets, including shopping centers and single-tenant assets. This role plays a key part in delivering accurate financial information to internal leadership and external investors, ensuring transparency, compliance, and strong financial performance.
Responsibilities
- Assist in preparing monthly, quarterly, and annual financial statements for retail properties and holding entities.
- Oversee general ledger activity, journal entries, and balance sheet reconciliations.
- Review property-level financials, including CAM reconciliations, tenant recoveries, and percentage rent.
- Support budgeting, forecasting, and variance analysis for retail assets.
- Monitor compliance with loan covenants and debt reporting requirements.
Investor Reporting & Relations Support
- Prepare and review investor reporting packages, including financial statements and narrative summaries explaining notable events during the quarter.
- Support quarterly and annual investor reporting, capital account statements, and distribution calculations.
- Assist in responding to investor inquiries related to financial performance and reporting.
- Coordinate with asset management to align property performance data with investor communications.
- Support fundraising efforts by providing historical financial data and analysis.
- Maintain accurate investor records and support waterfall and promote calculations.
Compliance and Tax Matters
- Ensure compliance with internal accounting policies and partnership agreements.
- Assist with annual tax filings and tax advisors.
- Help distribute K-1s to members.
- Monitor and enhance internal controls and accounting processes.
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field.
- Minimum of 4 years of accounting experience, preferably in retail real estate.
- Strong understanding of real estate partnerships and investor structures.
- Experience with property management/accounting systems (e.g., Yardi, MRI).