Portfolio Controller: Onsite in Columbia, Maryland (Confidential Search)

Adecco; Columbia (MD); On-site; USD 100,000 - 105,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Life insurance

401K

PTO

Job summary

Confidential Search is seeking a Portfolio Controller onsite in Columbia, MD to ensure GAAP-compliant financials for a portfolio of properties and to strengthen internal controls in support of SOX 404.

You will review monthly NOI, monitor leasing activity, develop budgets and forecasts, analyze variances, and coordinate with property and asset managers to resolve issues across 25–35 buildings and about 100 leases.

Qualifications

• Bachelor Degree in Accounting required.
• Active CPA license required.
• Five to seven years of accounting experience required, with at least 2 years property accounting experience preferred.

Responsibilities

• Maintain historical books and records for a portfolio of properties in compliance with GAAP and internal controls.
• Review lease documents and identify accounting issues; calculate straight-line rent and adjust revenues/expenses accordingly.
• Prepare budgeting and re-forecasting for NOI and capital expenditures; provide variance analysis and management reporting.

Education

Bachelor Degree in Accounting

Active CPA license

Job description

Portfolio Controller: Onsite in Columbia, Maryland (Confidential Search)

Position Summary

Responsible for the integrity of financial information for a portfolio of properties in compliance with generally accepted accounting principles (GAAP), company policy and contractual arrangements. Ensure strong system of internal control in support of SOX 404. Possess the most detailed knowledge of the operating properties in order to address both managerial and financial concerns. Review monthly net operating incomes (NOI), monitor leasing activity, develop budgets and quarterly estimates, analyze variances and interface with property and asset managers to resolve NOI and accounts receivable (AR) issues, balance sheet reviews, bad debt reviews, adjustment billings, audit work paper preparation, question responses, change in billing rates and miscellaneous special projects as assigned. Provide guidance and supervision of at least 1 Project Accountant. (Portfolio size approximately 25 -35 buildings and/or 100 Leases.)

Location:

Columbia,Maryland

Job Type:

Full-Time.

Remote:

No. Onsite in Columbia, Maryland.

Schedule:

Monday-Friday (potential travel to portfolio locations as required).

Salary:

Based on experience: $100,000.00 - $105,000.00.

Benefits:

Medical, Dental, Life Insurance, 401K and PTO.

Relocation:

Not offered.

Travel:

Occasional travel to portfolio locations will be required.

Required Qualifications:

• Education - Bachelor Degree (or better) in Accounting required.
• Certification(s) - Active CPA license
• Professional Experience - Five to seven years of related accounting experience required, with at least 2 years property accounting experience preferred.
• Travel - Occasional travel to portfolio locations will be required.

Essential Functions:

• Maintain complete historical books and records for a portfolio of properties in compliance with reporting requirements. Ensure effective Internal controls are in place to identify discrepancies. Monitor property performance against expectations and correct financials as necessary. Provide decision support for property and asset management and serve as primary point of contact. Prepare management reporting of key operational statistics. Provide explanations for significant variances against budget, forecast or prior years’ results as required. Prepare audit work papers as assigned.
• Review lease requests, executed documents and lease abstracts to identify accounting issues and resolution; review credit and tenant improvement (TI) obligations. Review calculations of straight line rent. Review revenues and operating expense adjustments for reasonableness and collectability based on a working knowledge of leases and tenants within your portfolio. Interpret leases for documentation of accounting position. Propose adjustments for bad debt review. Participate in Annual Expense true-up process to ensure accurate billings or refunds to tenants in accordance with the lease requirements.
• Responsible for the preparation and monitoring of budgeting and re-forecasting activities for all components of NOI and regular capital expenditures. Meet regularly with Property Management to go through financial results and make updates to the 24 month rolling Forecast. Provide variance analysis of Forecasts to Budget and Budget to Prior year results or forecast as required.
• Monitor receivables, obligations and risks for properties. Ensure that balance sheet accounts are regularly reviewed, evaluated for propriety and reconciled to supporting documentation. Coordinate with other departments for understanding of and resolution for items reflected in the financial statements but not handled by operations.

This job description does not reflect or imply that these are the only duties to be performed by the employee(s) in this position. Employee(s) will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.

This description excludes marginal functions of the position that are incidental to the performance of fundamental job duties. All duties and responsibilities are essential job functions and requirements subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbent(s) will possess the skills, aptitudes, and abilities to perform each duty proficiently. The requirements listed in this document are the minimum levels of knowledge, skills and abilities.

We are an equal opportunity employer:

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.