Controller ( Real Estate)

Vaco by Highspring; Edison (NJ); On-site; USD 120,000 - 180,000; Full time

Job summary

Vaco by Highspring is seeking a Controller to report to the owner and manage a small in-office staff in the real estate space. The role will be hands-on with minimal delegation.

The position requires overseeing accounting and reporting operations, budgets, CAM reconciliations, investor relations, 1031 analyses, debt covenants, property value reforecasts, and tax responsibilities, with CPA preferred.

Qualifications

• Bachelor's degree in accounting or finance.
• CPA ideally.
• Public accounting experience—ideally with real estate clients.
• Commercial real estate company expertise.

Responsibilities

• Oversee and implement all accounting and reporting operations and financial management functions including audits of annual budgets and CAM reconciliations.
• Monitoring of monthly budgets to review individual project cash flows.
• Lead in the development and maintenance of the Co's policies and implement procedures to minimize risk and increase efficiency.
• Lead investor relations including investor communications, distributions and capital calls.
• Complete complex 1031 exchange analysis for investors and internal stakeholders.
• Correspond with company's lenders and monitor debt covenants for the portfolio as well as preparation and review of quarterly bank covenant compliance documentation.
• Preparation of semi-annual property value reforecasts.
• Assist with asset management including sales, refinances, property insurance, cash flow, and scenario analysis.
• Lead the Company's risk management/insurance book including all property insurance and corporate-level insurance, including annual portfolio insurance renewals and ensuring new properties are properly insured.
• Handle yearly tax responsibilities

Skills

Public Accounting

Real estate clients

Commercial real estate

Financial analysis

Education

Bachelor's Degree in Accounting or Finance

CPA ideally

Job description

Our client, in the real estate space is currently seeking to add a Controller. This role will report to the owner and be manage a small in-office staff. This role will be very hands-on with minimal delegation of responsibilities required.

Responsibilities

• Oversee and implement all accounting and reporting operations and financial management functions including audits of annual budgets and CAM reconciliations.
• Monitoring of monthly budgets to review individual project cash flows.
• Lead in the development and maintenance of the Co's policies and implement procedures to minimize risk and increase efficiency.
• Lead investor relations including investor communications, distributions and capital calls.
• Complete complex 1031 exchange analysis for investors and internal stakeholders.
• Correspond with company's lenders and monitor debt covenants for the portfolio as well as preparation and review of quarterly bank covenant compliance documentation.
• Preparation of semi-annual property value reforecasts.
• Assist with asset management including sales, refinances, property insurance, cash flow, and scenario analysis.
• Lead the Company's risk management/insurance book including all property insurance and corporate-level insurance, including annual portfolio insurance renewals and ensuring new properties are properly insured.
• Handle yearly tax responsibilities

Qualifications

• Bachelors Degree in Accounting or Finance
• CPA ideally
• Public Accounting experience - ideally with real estate clients
• Commercial Real Estate Co expertise

CO offers top tier benefits and bonus structure!

Equal Opportunity Notice

Highspring LLC (d/b/a Vaco by Highspring) and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco by Highspring") are committed to the full inclusion of all qualified individuals and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by applicable law. The company is also committed to ensuring that persons who need them are provided with reasonable accommodations; if an accommodation is needed to participate in the job application or interview process, please contact [e-mail].

Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.

For residents of Ontario, Canada only: to the extent the position for employment is not with Highspring or not otherwise noted as vacant above, candidate should be informed that this role is to replace a presently employed person at Vaco by Highspring's client.

Privacy Notice

Vaco by Highspring respects your privacy and are committed to providing transparent notice of our policies.

• California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
• Virginia residents may access our state specific policies here.
• Residents of all other states may access our policies here.
• Canadian residents may access our policies in English here and in French here.
• Residents of countries governed by GDPR and UK GDPR may access our policies here.

Additionally, submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. More details about Vaco by Highspring's use of AI can be found here https://www.highspring.com/ai-use-notices/. Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers. Vaco by Highspring does not know and cannot opine on if its client's use of AI products in hiring.

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:

• the individual's skill sets, experience and training;
• licensure and certification requirements;
• office location and other geographic considerations; and
• other business and organizational needs.

With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses and/or participation in medical, dental, and vision benefits as well as the company's retirement plan (or similar retirement benefits).