Real Estate Controller: Hands-On Finance Leader

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

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.