Controller

$80,000 - $125,000/Yr

Unclassified - New York, NY

Full-time - Mid Level

New York, NY

About the position

The Controller position is a critical role within our organization, located in New York City, NY. The successful candidate will be responsible for overseeing the financial management of corporate entities and Low-Income Housing properties. This includes managing the monthly financial close process, ensuring accurate and timely financial reporting, and maintaining compliance with state and federal regulations. The Controller will also lead the financial operations, including managing outsourced bookkeeping functions and ensuring the integrity of the general ledger. The role requires a strong understanding of GAAP accounting principles, particularly in the context of real estate, and the ability to produce detailed financial statements and reports. In addition to financial management, the Controller will play a key role in compliance and audits, working closely with independent CPA firms to ensure all necessary filings are completed accurately and on time. The position also involves process improvement initiatives, where the Controller will develop and implement recommendations for more efficient business processes and document standard operating procedures for key accounting functions. Collaboration is essential in this role, as the Controller will provide financial analysis and support for various real estate projects, including affordable housing initiatives. The successful candidate will work closely with other departments to provide financial guidance and support, ensuring that senior management has the relevant accounting information needed for decision-making. The Controller will also manage accounts payable processes, oversee vendor payments, and ensure timely reimbursement for employee expenses. Overall, this position requires a detail-oriented individual with exceptional communication skills and the ability to thrive in a fast-paced, dynamic environment.

Responsibilities

• Manage monthly financial close process for corporate entities and Low-Income Housing properties.
• Oversee all financial operations, including managing outsourced bookkeeping functions.
• Manage the general ledger and ensure accurate and timely month-end, quarter-end, and year-end closings.
• Balance and maintain accurate ledgers and cash flow balances.
• Reconcile bank accounts accurately and timely, paying attention to outstanding items at month end.
• Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements.
• Prepare GAAP disclosures and various management reports.
• Develop and monitor annual budgets, providing regular financial reports to management.
• Produce periodic financial reports ensuring compliance with accounting principles.
• Assemble information for auditors, owners, and investors as requested.
• Ensure compliance with state and federal regulations and maintain accurate records.
• Work with an independent CPA firm to ensure required filings with IRS/State Tax Agencies.
• File Forms 1099 for partnerships' vendors annually.
• Assist in the preparation of financial statements for audits, including draft review and auditor entries.
• Develop, lead, and implement recommendations for effective and efficient business processes.
• Document and update operating standard procedures for key accounting processes.
• Provide financial analysis and support for real estate projects, including affordable housing initiatives.
• Work closely with other departments to provide financial guidance and support.
• Support senior management by providing relevant accounting information as necessary.
• Process vendor payments and upload payroll in a timely manner.
• Review and approve all invoices prior to processing payments.
• Assist with coding invoices and deposits, ensuring timely delivery to respective departments.
• Manage the expense reporting process and ensure timely reimbursement to employees.
• Track expenses related to Acquisition/Development projects in coordination with internal teams.
• Assist in the preparation of budgets and schedules for the annual audit.
• Prepare budgets, conduct analysis and review, and obtain approval.
• Produce annual budgets and provide forecasts for portfolio properties.
• Manage year-end closing activities, including general ledger maintenance and receivables.
• Perform research on historical accounting transactions and reconcile differences between modules.
• Handle Reserve for Replacement responsibilities, including budget/requirement and funding level analysis.
• Maintain fixed asset and depreciation schedules.
• Review and analyze mortgage documents, contracts, and partnership agreements.
• Prepare for board meetings, including BOR review, research and support, and note preparation.
• Complete government reporting, including excess income reports and agency reports.
• Perform other tasks as assigned by the Principal of the company.

Requirements

• Bachelor's Degree in Accounting/Business/Finance, advanced degree preferred.
• 10+ years of accounting experience in real estate.
• LIHTC and Rent Stabilization industry experience preferred.
• Appfolio or other real estate related software experience preferred.
• Strong knowledge of GAAP accounting, including consolidations and real estate accounting.
• Strong proficiency with Microsoft Excel.
• Exceptional research and writing abilities.
• Exceptional written and verbal communications skills.
• Team player.
• Ability to multi-task and prioritize appropriately in a constantly changing environment and act with a sense of urgency and accountability.
• Exceptional attention to detail.

Nice-to-haves

• Experience with GAAP accounting for at least 4 years.
• Experience with Appfolio for at least 4 years.
• Ability to commute to New York, NY 10019.
• Willingness to relocate to New York, NY 10019 before starting work.

Benefits

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance