Assistant Development Controller

Pailin Group Psc; New York (NY); On-site; USD 70,000 - 90,000; Full time

Job summary

A financial consulting firm in New York is seeking an Assistant Development Controller. In this role, you will coordinate financial reporting and analytics for property owner entities, assist with audits, and manage cash activities. The ideal candidate has a Bachelor's degree in accounting or finance and at least 5 years of accounting experience, preferably in real estate accounting. Strong organizational and communication skills are essential. Competitive salary offered.

Qualifications

• 5+ years of accounting experience or equivalent combination of education and experience required.
• Prior experience in real estate accounting and analytics preferred.
• Proven knowledge of GAAP and FASB regulations.

Responsibilities

• Produces financial reporting packages and analytics for property-related entities.
• Works with client's auditors for audits and helps draft annual audit report.
• Compiles and analyzes financial data from monthly property owner reports.
• Prepares monthly bank reconciliations and manages cash balances.
• Supports senior team members in risk and compliance activities.
• Reviews lease abstracts and sets up lease recurring charges.
• Handles internal and client requests with a focus on customer service.

Skills

Organizational skills

Analytical skills

Communication skills

Presentation skills

Education

Bachelor's degree in accounting or finance

Job description

Overview

Our consultants are recruiting for an Assistant Development Controller. Contributors in this role assist the team in coordinating financial reporting and analytical review of the property owner entities. Produces financial reporting packages and other required financial information and analytics for all property related entities, including work-papers for all balance sheet general ledger accounts on a monthly or quarterly basis in addition to standard financial statements. Works with client’s auditors for interim and year end audits; helps draft annual audit report. Compiles, analyzes, and tracks financial data by performing detailed review of monthly property owner reports such as: operating statement variance reports, aged receivables, aged payables and capital expenditures variance to budget. Supports the daily activities of cash management, such as: preparing monthly bank reconciliations, reviewing cash balances, preparing capital calls or loan draws, preparing distribution waterfalls, managing cash security deposits, and ensuring fees payable to management company are accurately calculated and paid timely. Supports senior team members in the management of risk and compliance activities. Review lease abstracts and lease recurring charge set up. Prepares CAM calculation for income budgeting/billing estimates and annual true ups. Troubleshoots advanced issues and ensures internal and client requests are handled timely, accurately and with a focus on customer service.

Responsibilities

• Produces financial reporting packages and other required financial information and analytics for all property related entities, including work-papers for all balance sheet general ledger accounts on a monthly or quarterly basis in addition to standard financial statements.
• Works with client’s auditors for interim and year end audits; helps draft annual audit report.
• Compiles, analyzes, and tracks financial data by performing detailed review of monthly property owner reports such as: operating statement variance reports, aged receivables, aged payables and capital expenditures variance to budget.
• Supports the daily activities of cash management, such as: preparing monthly bank reconciliations, reviewing cash balances, preparing capital calls or loan draws, preparing distribution waterfalls, managing cash security deposits, and ensuring fees payable to management company are accurately calculated and paid timely.
• Supports senior team members in the management of risk and compliance activities.
• Review lease abstracts and lease recurring charge set up. Prepares CAM calculation for income budgeting/billing estimates and annual true ups.
• Troubleshoots advanced issues and ensures internal and client requests are handled timely, accurately and with a focus on customer service.

Qualifications

• Bachelor\'s degree in accounting or finance.
• 5+ years accounting experience or equivalent combination of education and experience required. Prior experience in real estate accounting and analytics preferred.
• Solid organization skills and analytical skills.
• Communicates clearly, effectively and concisely. Should have presentation skills, solid written and verbal interpersonal skills.
• Requires proven knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an understanding of financial terms and principles to include accounting methods: cash, accrual, and GAAP.
• Knowledge of real estate terms, definitions, and real estate analytical methodology.
• Decisions made with understanding of procedures and company policies to achieve set results.