Real Estate Assistant Controller

Stoltz Management of Delaware; Bala Cynwyd (PA); On-site; USD 85,000 - 120,000; Full time

Job summary

Stoltz Management of Delaware is seeking an Assistant Controller – Property Accounting to lead day-to-day property financial operations. You will supervise staff, coordinate with property managers, and ensure timely closings and accurate reporting for lenders and internal stakeholders.

The role requires a BA/BS in accounting, 5+ years in real estate accounting, advanced Excel, and experience with Yardi, AvidXChange, Concur, and Blackline.

Qualifications

• BA/BS Degree in Accounting.
• Minimum 5 years experience in real estate and/or property management accounting as a Supervisor.
• Advanced Excel skills preferred.
• Property Management/Accounting software experience (Yardi, AvidxChange, Concur, Blackline, etc.).
• Strong analytical and problem-solving skills.
• Solid understanding of all real estate accounting issues.
• Excellent communication and organization skills are essential.

Responsibilities

• Prepare and review monthly property closings to produce accurate and timely property financial statements.
• Act as liaison between Property Management, Asset Management, Capital Markets, Due Diligence, Fund Accounting and other departments to deliver accurate financial information on a timely basis.
• Prepare and review monthly and quarterly reporting to lenders, where applicable.
• Review tenant leases/amendments regarding tenant set-up and billings matters.
• Assist the Collection Coordinator with tenant ledger and billing inquiries.
• Review monthly management fee calculations.
• Review and evaluate current and future cash requirements at the property level.
• Prepare/review monthly work papers, bank reconciliations and variance reports.
• Review and approve vendor invoices.
• Prepare and review monthly distributions and capital calls, at the property level and related fund level.
• Coordinate completion of annual budgets with other departments and property managers.
• Assist in the annual audit process and provide support to the Fund Controller, Property Controller and Chief Financial Officer.
• Work closely with Due Diligence and Capital Markets regarding property sales, acquisitions, appraisals and lender related issues.
• Work on special projects as assigned by senior management

Education

BA/BS Degree in Accounting

Tools

Yardi

AvidXchange

Concur

Blackline

Job description

Assistant Controller – Property Accounting

Reports to: Chief Financial Officer

Department: Accounting

Job Description:

The Assistant Controller will have the responsibility of working with property accounting staff, including senior accountants, accounts payable and treasury team members to provide leadership and oversight over the day-to-day financial operations of their assigned properties.

Essential Duties and Responsibilities include the following:

• Prepare and review all aspects of the monthly property closings for their assigned properties to produce accurate and timely property financial statements
• Act as liaison between Property Management, Asset Management, Capital Markets, Due Diligence, Fund Accounting and other departments to deliver accurate financial information, on a timely basis.
• Prepare and review monthly and quarterly reporting to lenders, where applicable.
• Review tenant leases/amendments regarding tenant set-up and billings matters
• Assist the Collection Coordinator with tenant ledger and billing inquiries
• Review monthly management fee calculations
• Review and evaluate current and future cash requirements at the property level
• Prepare/review monthly work papers, bank reconciliations and variance reports
• Review and approve vendor invoices
• Prepare and review monthly distributions and capital calls, at the property level and related fund level
• Coordinate completion of annual budgets with other departments and property managers
• Assist in the annual audit process and provide support to the Fund Controller, Property Controller and Chief Financial Officer

Ancillary Responsibilities

• Work closely with Due Diligence and Capital Markets regarding property sales, acquisitions, appraisals and lender related issues.
• Work on special projects as assigned by senior management

Qualifications – To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• BA/BS Degree in Accounting
• Minimum 5 years experience in real estate and/or property management accounting as a Supervisor.
• Advanced Excel skills preferred
• Property Management/Accounting software experience (Yardi, AvidxChange, Concur, Blackline, etc.)
• Strong analytical and problem-solving skills
• Solid understanding of all real estate accounting issues
• Excellent communication and organization skills are essential