VP, Controller

Sares Regis Group; Indianapolis (IN); On-site; USD 165,000 - 185,000; Full time

Benefits offered by this job

401(k) match

Rental discounts

Bonuses

Medical benefits

Job summary

SRG Residential seeks a VP Controller to oversee all technical accounting matters, GAAP compliance, and financial statement preparation. The role requires precision, extensive GAAP knowledge, and strong business acumen to lead the accounting organization for multifamily properties.

The VP will manage a team of supervisors and staff, ensure accurate monthly closings, prepare client-facing reports, and coordinate audits with external firms while maintaining internal controls and regulatory

Qualifications

• Bachelor's degree from four-year college or university.
• At least five to six years related experience with proven leadership of a Multifamily property management accounting department with increasing responsibility preferred.
• CPA or CMA preferred.
• California Real Estate License.

Responsibilities

• Oversee timely monthly close for multifamily properties and review journal entries and bank reconciliations.
• Ensure timely, accurate financial reports to clients and leadership; resolve discrepancies.
• Coordinate audits with audit and tax firms and ensure compliance reporting.
• Manage onboarding/offboarding of properties, including due diligence and setting up bank accounts and Yardi systems.
• Supervise and develop accounting staff to maintain accuracy and internal controls.

Skills

GAAP knowledge

Leadership

Financial reporting

Education

Bachelor's degree (4-year college or university)

CPA or CMA preferred

California Real Estate License

Tools

Yardi

PayScan

MRI

One Site

Nexus

JD Edwards

Job description

SRG Residential is seeking an experienced VP Controller! Position can be based in Phoenix, AZ or Indianapolis, IN. Sares Regis Group Residential of Newport Beach, California, is a privately held real estate development, investment and management firm that focuses on multifamily communities in the western U.S. Since its founding in 1993, SRG Residential has developed and acquired more than $7 billion in commercial and residential assets. The company manages a portfolio of approximately 42,000 apartment units.

Job Summary

The VP, Controller will be responsible for overseeing all technical accounting matters related to the Company, preparation of financial statements and review of general ledger detail to ensure accuracy and compliance. This position requires accuracy, attention to detail, extensive knowledge of GAAP accounting principles, and strong business acumen.

Supervisory Responsibilities

Manages 3-4 subordinate supervisors who supervise 12-14 employees in the Accounting Department including Accounts Payable. Is responsible for the overall direction, coordination, compliance and evaluation of these units. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems; coaching and developing staff.

Essential Duties & Responsibilities

• Manages and is responsible for the timely and accurate monthly closing process for all Multifamily properties, including review of journal entries, payment of debt service and property taxes, timeliness and accuracy of bank reconciliations, review of financial statements for proper presentation and accuracy of activity.
• Ensures the timely completion and distribution of financial reports to clients and key business leaders, assists in resolving discrepancies and variances in actuals-to-budget, and responds to client requests, questions, and issues related to the on-going financial performance of properties within the assigned area.
• Ensures banking activities are properly approved and abide by strong segregation of duties and internal controls.
• Coordinates property tax appeals with asset managers and property tax firms.
• Oversees audits of properties' accounts, coordinating with audit and tax firms.
• Ensures lender compliance reporting is completed in a timely manner. Ensures that any lender reporting issues are properly communicated to appropriate management.
• Manages on-boarding and off-boarding of properties, including due diligence, review of closing statements, proration true ups, coordinates opening bank accounts and Yardi system set up.
• Manages retail accounting including rent billing, CAM budgets and reconciliations.
• Responsible for corporate accounts receivable reconciliations; ensures all miscellaneous revenues, including property billbacks, supervision fees and consulting revenues are billed and collected in a timely manner.
• Directs preparation of applicable sections of budgets and forecasts.
• Prepares reports required by regulatory agencies, including unclaimed property reporting to the states.
• Identifies opportunities and areas for improvement, and offers suggestions and/or implements procedures, processes, or tools that improve efficiency and productivity.
• Performs any other activities as directed by Senior Management team.

Education and Experience

• Bachelor's degree from four-year college or university.
• At least five to six years related experience with proven leadership of a Multifamily property management accounting department with increasing responsibility strongly preferred.

Certificates, Licenses, Registrations

• Certified Public Accountant (CPA) or Certified Managerial Accountant (CMA) preferred.
• California Real Estate License

Other Qualifications

• Ability to be at work on a regular and consistent basis; overtime may be required.
• Occasional travel may be required to participate in business meetings, attend training programs, or other situations necessary for the accomplishment of some or all the daily responsibilities of this position.
• Demonstrate management and supervisory skills sufficient to lead, direct, evaluate, and mentor subordinate team members and/or peers.
• Demonstrate the ability to read, write, and communicate professionally and effectively to prepare and explain financial data to business leaders and managers, team members, internal and external auditors, and other business contacts.
• Demonstrated proficiency in word processing, spreadsheet, database management, and property management (e.g., Yardi, PayScan, MRI, One Site, Nexus, JD Edwards) programs to complete required reports.
• Ability to use a personal computer and advanced working knowledge of email, Microsoft Word, and Excel.

Compensation & Benefits

• Salary is $165,000-$185,000 annually.
• 401(K) match.
• Rental discounts depending on location.
• Rental incentive and renewal compensation.
• Bonuses.
• Medical, dental, vision, other voluntary benefits and vacation accrual for regular full time employees working 30-40 hours a week.
• Sick time accrual is provided in accordance with law.

EQUAL OPPORTUNITY EMPLOYER

All positions contingent on completion of successful background screen and drug test.

PM21