Assistant Controller

Truity Partners; Minneapolis (MN); On-site; USD 100,000 - 115,000; Full time

Job summary

Truity Partners in Minneapolis, MN, is seeking an Assistant Controller with strong property accounting and affordable housing experience to lead the accounting function across a diverse real estate portfolio. You will partner with operations to ensure accurate financial reporting, regulatory compliance, and continuous process improvements.

Requirements include a Bachelor's in Accounting/Finance and 5+ years of progressive accounting with leadership.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 5+ years of progressive accounting experience with leadership responsibilities.
• Property accounting or affordable housing accounting experience.
• Strong knowledge of LIHTC programs and compliance.
• Proficiency with Yardi.
• Experience supervising 3–4 direct reports.

Responsibilities

• Oversee accounting operations for a portfolio of properties (approx. 45).
• Manage monthly, quarterly, and annual close processes.
• Lead annual audits with external auditors and stakeholders.
• Oversee tenant rent accounting and maintain financial records.
• Handle development project accounting including WIP.
• Collaborate on annual budgets and monitor performance.
• Ensure compliance with government contracts and affordable housing rules.
• Supervise and mentor accounting staff; multi-entity accounting oversight.
• Coordinate with corporate to support reporting and initiatives.
• Identify process improvements and strengthen internal controls.
• Utilize Yardi and other systems for reporting and analysis.

Skills

Leadership

Property accounting

Financial reporting

Regulatory compliance

Education

Bachelor's degree in Accounting or Finance

Tools

Yardi

Job description

Our client is an organization in the Minneapolis, MN area looking for an Assistant Controller. Our client is looking for someone with a strong property accounting background, proven leadership experience, and expertise in affordable housing accounting. This individual will oversee the property accounting function across a diverse real estate portfolio while partnering with operational leaders to ensure accurate financial reporting, regulatory compliance, and continued process improvements.

The salary range for this position is $100k–115k.

The Assistant Controller will be responsible for, but not limited to, the following:

RESPONSIBILITIES

• Oversee all accounting operations for a portfolio of approximately 45 properties, ensuring accurate and timely financial reporting.
• Manage the monthly, quarterly, and annual close processes for the property portfolio.
• Lead annual audit processes for approximately half of the property portfolio, coordinating with external auditors and internal stakeholders.
• Oversee tenant rent accounting and collection processes while ensuring the integrity of property financial records.
• Manage accounting for development projects, including construction and work-in-progress (WIP) accounting activities.
• Partner with property management leadership to develop annual operating budgets and monitor financial performance throughout the year.
• Ensure compliance with government contracts, loan agreements, affordable housing regulations, and third-party reporting requirements.
• Supervise and develop a team of accounting professionals, providing coaching, mentorship, and performance management.
• Oversee multi-entity accounting activities and ensure consistency across the property portfolio.
• Collaborate with corporate accounting and finance leadership to support organizational initiatives and reporting requirements.
• Identify opportunities to improve accounting processes, strengthen internal controls, and enhance operational efficiency.
• Utilize Yardi and other financial systems to support reporting, analysis, and accounting operations.
• Support special projects and strategic initiatives as assigned.

The Assistant Controller will possess the following:

EXPERIENCE REQUIRED

• Bachelor's degree in Accounting, Finance, or a related field required.
• 5+ years of progressive accounting experience, including leadership responsibilities, required.
• Property accounting or affordable housing accounting experience required.
• Strong knowledge of LIHTC programs and compliance requirements required.
• Proficiency with Yardi required.
• Experience supervising and developing accounting teams, including 3–4 direct reports.
• Experience with multi-entity accounting required.
• Experience with construction or work-in-progress (WIP) accounting is a plus.
• Strong understanding of financial reporting, audits, budgeting, and internal controls.
• Excellent organizational and project management skills with the ability to prioritize multiple competing deadlines in a fast-paced environment.
• Strong communication and interpersonal skills with a collaborative, team-oriented approach.
• Positive attitude, adaptable mindset, and patience working within evolving systems and processes.

Equal Opportunity Employer

The compensation philosophy reflects the Company's reasonable expectation at the time of posting. Actual compensation is influenced by a variety of factors including, but not limited to, skills, experience level, and overall qualifications. This role may also be eligible to participate in a discretionary incentive program and comprehensive benefits package, subject to the rules governing those programs.