What are the responsibilities and job description for the Controller position at 20/20 Foresight Executive Talent Solutions?
Company
Our client is a private, fully integrated real estate investment, development, and operating firm with a 100 year track record of successful investments and development in multifamily, commercial, mixed-use, industrial, and retail assets, headquartered in Dallas, TX. The company has a great track record, a strong investor base including HNW, Family Office and Institutional investors and has developed over $1B since their inception and currently owns and manages over 14,000 multifamily units primarily in Kansas, Missouri, Texas, Tennessee & Colorado.
Location
Dallas, TX
Role
The Controller will be responsible to prepare all financial statements for the company including development, construction, and projects. This role will ensure the accuracy of financial reporting, compliance with regulations, and the effective management of financial operations.
Responsibilities
- Prepare accurate and timely financial statements, including balance sheets, profit and loss statements, and cash flow statements. Ensure compliance with Generally Accepted Accounting Principles (GAAP) and other relevant regulations.
- Accountable for meeting financial deadlines : internal, investor, compliance, and regulatory.
- Monitor financial performance against budgets and forecasts, providing insights and recommendations for cost control and financial planning.
- Monitor and maintain strong internal controls and accounting and related policies and procedures with an eye toward streamlining procedures where possible.
- Oversee financial aspects of construction projects, including cost tracking, progress billing, and variance analysis. Ensure proper accounting for project costs, including labor, materials, and subcontractor expenses.
- Supervise and mentor the accounting team, fostering a collaborative and high-performance work environment.
- Provide guidance on financial processes and best practices.
- Identify opportunities for improving financial systems and processes. Implement changes to enhance efficiency, accuracy, and reporting capabilities.
- Maintain corporate bank accounts including balancing bank accounts once a week.
- Maintain project bank accounts including balancing bank account once a week.
- Prepare monthly cash projection for corporate use.
- Prepare monthly bank reconciliations.
- Allocate corporate expenses between development and construction company.
- Oversee accounts payable for development and construction and bill costs to jobs when necessary.
- Oversee account payable for the individual projects.
- Oversee the payroll process including processing payroll in timely fashion and ensuring funding into payroll bank account.
- Process payroll every other week and fund payroll account.
- Update payroll reports to record to accounting system.
- Prepare census report for 401K and insurance quarterly.
- Download quarterly payroll tax reports.
- Maintain employee files as needed.
- Oversee Amex bill for corporate account including reports and receipts.
- Oversee Home Depot bill for corporate account including reports, allocation to projects, and receipts.
- Setup and process payments for utility accounts for projects.
- Assemble the 1099 information, determine which vendors must be sent a 1099, prepare the 1099s, and send them out in January of each year.
- Special projects as directed by Senior Management
Qualifications
