What are the responsibilities and job description for the ASSISTANT CONTROLLER position at Hageman Group LLC?
Hageman Group/Hageman Real Estate is looking to add an experienced Assistant Controller to our team in Carmel, IN. The position will work closely with the Director – Real Estate Accounting and will have a solid background in all aspects of accounting and financial reporting. The ideal candidate will possess the Hageman Group core values, Do What’s Right, Take Ownership and Pursue Excellence, Be a Team Player, Leave It Better Than You Found It, and Enjoy Life.
About Hageman Real Estate
With an emphasis on understanding and managing risk, Hageman Real Estate is a real estate investment management business focused on acquiring and investing in properties that provide long-term value and above average return potential. Our real estate team has experience in developing and managing nearly every type of property. Since its founding in 2013, the Hageman team has been the primary equity investor in more than $400 million of properties across the Midwest and southeastern United States.
Job Description
Seeking experienced Assistant Controller.
Specific tasks involve:
• Prepare or review monthly closing for multi-entities which includes monthly journal entries, preparing supporting workpapers, and review general ledger.
• Assist in multi-entity tax projections which includes complex entity flow through structures for Partnerships and S-Corporations also including inside/outside basis calculations, minimum gain calculations, and a strong understanding of sections 704 (b), 704 (c), and 754.
• Assist in beneficial ownership reporting for new syndications by analyzing capital stack on a preferred and common basis of blended ownership percentages.
• Communicate complex ownership structures to lenders as it relates to beneficial ownership.
• Responsible for entity setup, bank account setup, and maintenance within accounting software (Spectrum).
• Identify and resolve intercompany discrepancies in a multi-entity environment.
• Create and refine accounting processes and procedures to improve workflow efficiency.
• Responsible for investor portal setup (AppFolio Investment Management) for new syndications which includes interpreting operating agreements to setup entity capital stack, cash waterfalls, capital calls & distributions.
• Coordinate with cash management team to execute cash movement in banking platform and to properly record in accounting software (Spectrum).
• Maintain and update loan reporting checklists by interpreting loan documents and coordinating delivery of financial information to lenders.
Required Skills and Qualifications:
• Bachelor’s degree in Accounting.
• CPA preferred but not required.
• Minimum 5 years of accounting experience, software implementation/conversion experience is a plus.
• Solid understanding of tax allocations and tax capital accounts for complex entity structures during operations and liquidation events.
• Ability to interpret operating agreements, leases, and loan documents.
• Ability to create and maintain multi-entity intercompany setup in accounting software.
• Detailed oriented with ability to work independently.
• Ability to create and refine accounting processes and procedures.
• Must be a team player and willing to assist in all aspects of accounting