Controller

Sbhonline; New York (NY); Hybrid; USD 120,000 - 180,000; Full time

Job summary

TrueStone LLC in New York seeks a seasoned Controller to oversee financial operations across real estate and lending divisions. You will manage accounting, financial reporting, cash flow, and coordination with staff and external partners.

This is a full-time on-site role with collaboration across senior leadership. The position requires a CPA, a Bachelor’s in Accounting, 5+ years of controller experience, and strong QuickBooks/Excel skills.

Qualifications

• Bachelor’s degree in Accounting.
• CPA certification.
• Minimum 5+ years of accounting or controller experience.
• Experience in real estate, lending, or investment management preferred.
• Strong proficiency in QuickBooks and Microsoft Excel.
• Experience managing cash flow, AP/AR, and banking relationships.
• Knowledge of tax compliance and financial reporting.
• Ability to train and manage staff and collaborate across teams.
• Strong attention to detail and organizational skills.

Responsibilities

• Maintain QuickBooks files for real estate deals.
• Manage quarterly investor distributions and waterfall distributions.
• Account for Construction-in-Process projects and oversee cash flow.
• Oversee accounts payable and receivable and coordinate with staff.
• Collect funds and investor contributions for new syndications.
• Maintain QuickBooks for lending company and perform journal entries.
• Prepare monthly lending reports and distribute partner statements.
• Coordinate with CPA to prepare tax returns for all TrueStone entities.
• Train and manage staff across teams.

Skills

QuickBooks proficiency

Excel proficiency

Cash flow management

AP/AR management

Tax compliance knowledge

Staff training & leadership

Financial reporting

Attention to detail

Education

Bachelor’s degree in Accounting

CPA

Tools

QuickBooks

Microsoft Excel

Job description

Controller
Industry: Real Estate Syndication & Private Lending
Employment Type: Full-Time
Companyis a diversified financial services company engaged in real estate syndication and private lending. We manage complex real estate investment structures and provide tailored lending solutions for investors and borrowers.
We are seeking a Controller to oversee the financial operations of both our real estate and lending divisions. This role will be responsible for accounting, financial reporting, cash flow management, and coordinating with internal staff and external partners.

Key Responsibilities

Real Estate Syndication

• Maintain and create QuickBooks files for new real estate deals.
• Manage quarterly investor distributions through TD Bank and Valley National Bank, including preparing and performing waterfall distributions.
• Account for Construction-in-Process projects, including QuickBooks entries and cash flow management.
• Oversee accounts payable and receivable, coordinating with staff to ensure accurate recording in trackers and ledgers.
• Collect funds and investor contributions for new syndications.

Lending Division

• Maintain QuickBooks for the lending company, including journal entries and reconciliations.
• Update and manage ledgers tracking partner investments and balances.
• Prepare and issue 1099-INT forms for external partners.
• Manage cash flow for the lending fund, including oversight of the company’s line of credit with the bank.
• Coordinate with staff to draft and finalize lending contracts.
• Prepare monthly lending reports utilizing QuickBooks.
• Create and send monthly interest payments to lending partners, along with preparing and distributing partner statements.

General Company-Wide Duties

• Coordinate with CPA to prepare and file tax returns for all TrueStone entities.
• Manage and train staff (both entry-level and mid-level employees).
• Oversee accounts receivable and accounts payable for TrueStone LLC general operations, including office salaries and expenses.

Qualifications

• Bachelor’s degree in Accounting and a CPA.
• Minimum 5+ years of accounting or controller experience, preferably in real estate, lending, or investment management.
• Strong proficiency in QuickBooks and Microsoft Excel.
• Experience managing cash flow, AP/AR, and banking relationships.
• Knowledge of tax compliance and experience preparing financial reports.
• Ability to train and manage staff and work collaboratively across teams.
• Strong attention to detail, organizational skills, and ability to manage multiple priorities.