Controller – Commercial Real Estate

Rapidly growing Real Estate Developer is seeking a Controller to oversee all financial aspects of a commercial real estate portfolio, including lease management, financial reporting, budgeting, and forecasting.

Responsibilities:

Financial Reporting & Cash Management:

• Responsible for overseeing the preparation and distribution of accurate and timely financial statements, including balance sheets, income statements, and cash flow statements monthly, quarterly and annually.
• Provide variance analysis and explanations for financial performance.
• Monitor cash flow and liquidity needs for the real estate portfolio and development pipeline.
• Coordinate with teams to ensure timely payment of expenses and collection of receivables.

Budgeting and Forecasting:

• Develop annual operating budgets and long-term financial forecasts
• Monitor performance against budget and forecast, identifying areas for improvement or corrective action.

Financial Analysis:

• Conduct financial analysis to support strategic decision-making, such as investment analysis, return on investment (ROI), and portfolio optimization.

Lease Administration:

• Oversee lease administration functions, including lease abstraction, database management, and compliance.
• Interpret lease terms and conditions to ensure accurate billing, rent escalations, and compliance with lease agreements.
• Responsible for CAM Reconciliations and other tenant charges above base rent.
• Manage lease renewals, amendments, and terminations.

Compliance and Risk Management:

• Ensure compliance with lease agreements, loan covenants, and regulatory requirements.
• Implement internal controls to safeguard assets and ensure accuracy of financial reporting.
• Ensure compliance with loan documents regarding financial reporting.
• Oversee tax planning strategies, coordinate with external tax advisors, and prepare or review tax filings, including property taxes, income taxes, and sales taxes.

Leadership and Teamwork:

• Lead by example through actions that reflect the company's values and goals.
• Strive for excellence in all tasks and responsibilities, aiming for quality and accuracy in work. Continuously seek opportunities for improvement and innovation.
• Inspire and motivate others by setting high standards and demonstrating a strong work ethic.

Qualifications:

• Bachelor’s Degree in Accounting or a related field.
• 7 years of commercial real estate accounting experience
• CPA preferred but not required
• Proficiency in Rent Manager is a plus
• Strong communication skills, both verbal and written
• Strong analytical skills, attention to detail, and the ability to work in a fast-paced environment