What are the responsibilities and job description for the Financial Controller position at 52TEN?

Job Description

52TEN is an established private investment firm, based in Scottsdale, Arizona, specializing in the acquisition and reposition of manufactured housing communities. As one of the top 100 community owners in America, 52TEN is recognized for its innovative approach and commitment to delivering the best experience in the industry to its investors, residents, and vendors. As the firm continues to expand, we are in search of a seasoned professional to spearhead our financial operations.

5 existing funds with over $55M in private capital placed
130M assets under management
Proven methods for raising capital
Positioned to double portfolio size over the next 2 years
Managing over 1600 MHP lots
Footprint in Nevada, Arizona, Texas, and Florida
Proven methods for raising capital
Positioned to double portfolio size over the next 2 years
Seeking the right candidate to grow and profit with us

Position Summary :

The Controller will oversee all aspects of the company’s financial management, including accounting operations, financial reporting, budgeting, and compliance. As a key member of the leadership team, the Controller will work closely with the executive team to ensure accurate financial records, optimize processes, and support decision-making.

Key Responsibilities :

Accounting and Financial Management :

Oversee all daily accounting operations, including accounts payable / receivable, general ledger, and bank reconciliations.

Individual property accounting, accounts receivables, tenant ledger maintenance, and property-related expenses.

Maintain accurate and timely financial reporting in compliance with GAAP.

Prepare and analyze monthly, quarterly, and annual financial statements.

Oversee quarterly distributions.

Collaborate and oversee finance team’s processes for acquisitions and dispositions.

Assist with the management of property assets.

Budgeting :

Manage budgets in collaboration with department heads and property managers.

Monitor financial performance, identify variances, and recommend corrective actions.

Cash Flow and Treasury Management :

Manage cash flow to ensure adequate funding for operations and investments.

Compliance and Internal Controls :

Ensure compliance with all financial regulations, including tax filings and audits.

Develop, implement, and monitor internal controls to safeguard company assets.

Liaise with external auditors, tax professionals, and regulatory agencies.

Team Leadership and Development :

Lead and mentor the accounting team, providing training and professional development opportunities.

Foster a collaborative and high-performance culture within the finance department.

System and Process Optimization :

Evaluate and enhance accounting systems, tools, and workflows to improve efficiency.

Oversee integration of property management and accounting systems.

Qualifications :

Bachelor’s degree in Accounting, Finance, or a related field.

10 years of progressive experience in accounting or financial management within property management or real estate.

Strong knowledge of GAAP and financial reporting standards.

Proficiency with property management accounting software, preferably Rent Manager.

Advanced skills in Microsoft Excel and other financial analysis tools.

Exceptional attention to detail, analytical skills, and problem-solving abilities.

Strong communication and interpersonal skills with the ability to collaborate across departments.

Experience managing and mentoring accounting teams.

Property management and real estate background is a MUST.

Preferred Qualifications :

Familiarity with real estate transactions, leases, and property-level financials.

Experience with corporate apartments or manufactured housing.

Experience in process improvement and system integrations.

Knowledge of tax regulations related to real estate and property management.

Internal Non-negotiables :

Culture fit

Great personality and sense of humor

Honesty and transparency

Work ethic

Why work at 52TEN?

52TEN is a fast-paced company with a strong team culture. Members have unique roles and responsivities, but the firm’s culture fosters working together to ensure the team’s collective goals are achieved. Our 3 Unique’s :

Our commitment to deliver the best experience

Our goal oriented, proactive business architecture (EOS)

Our fabric as people

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