Senior Controller

Company

AVR Realty Company is a leading private real estate development, investment, and management firm. The company was founded by Allan V. Rose and is headquartered in Yonkers, New York. The portfolio spans 20 states and over 50 cities and includes hotels, multifamily apartments, retail centers, office buildings, industrial assets, and ground-up developments.

AVR Realty has built its reputation for vision, innovation, and quality over its 70-year history. Award-winning assets in the portfolio include The Roosevelt Hotel in New Orleans, The Boulevard within a master-planned community in Brookhaven, NY, and the Renaissance Hotel at the Gateway complex in Atlanta. AVR’s capability to own and operate all aspects of large-scale developments is unique and stems from an extensive development history with over 100 projects built nationwide.

Position Summary

The Controller, in conjunction with the Senior Controller, will manage the accounting team and oversee all aspects of investment accounting, and development accounting for the AVR real estate portfolio. This position will manage and create monthly, quarterly, and annual financial reports, including ad-hoc analysis, budget preparation, and the tax return preparation process.

Duties & Responsibilities

• Manage and supervise the accounting department, including, but not limited to, staff direction; recruitment, hiring, training, goal planning, and performance management; monthly reporting of financial results; and control over financial transactions.
• Review and verify financial information, including monthly, quarterly, and annual financial statements for each entity, prior to submittal to asset management and senior leadership.
• Maintain a thorough understanding of each legal entity
• Review system-prepared reports and supporting schedules for accuracy. Review and sign off on property and entity-level bank account reconciliations.
• Full responsibility for accounting and reporting the company's financial results, including property- and upper-tier entities.
• Maintain intercompany schedules and all Upper Tier entity accounting
• Perform complex consolidation accounting related to Tenancies in Common
• Provide financial reporting support to the Senior Management of the Company
• Work with senior management and senior controller to ensure the implementation of best practices, controls, and strong operational capabilities.
• Support Senior Management on projects and tasks as assigned
• Review financial management operations and make recommendations to improve efficiencies, including, where practicable, automation of manual tasks. Areas include, but are not limited to, the month-end closing cycle, the financial report production cycle, accounts payable management, accounts receivable management, and the utilization of various technology resources.
• Manage the accounting review of internally owned properties managed by 3^rd parties; manage protocols and controls to ensure accurate and efficient data transfer monthly, including reviewing the “mapping” of accounts. Manage the accounting compliance of all joint ventures, loan agreements, lease agreements, and management agreements.
• Create written policies and procedures related to the accounting operations
• Create new financial reports using various accounting software

Selection Criteria

• Bachelor’s degree in accounting, Business Administration or Finance.
• Certified Public Accountant strongly preferred.
• Extremely organized individual
• Strong communication skills, both verbal and written
• A minimum of 10 years of experience with strong accounting skills in a major accounting firm and/or major real estate company.
• Demonstrated staff management and development experience and a clear history of continued growth and success in increasing complexity and responsibility roles.
• Superior analytical ability, detail-oriented skills, and a strong knowledge of real estate accounting, reporting, and investing.
• Proven success in setting and achieving corporate objectives with demonstrated work ethic, competitiveness, and tenacity required to achieve top performance.
• Ability to communicate with all levels of the organization and thrive in a small, cohesive, and hands-on work environment.
• Experience leading a department of at least three individuals successfully
• High-energy, structured, and action-oriented, with strong ethics that value personal and firm integrity.
• Highly collaborative and committed to being part of an integrated team.
• Intellectually curious, creative, and broad-based thinker.
• Strong technology skills
• Systems thinker, likes to create strong processes to drive operational excellence
• Strong Excel skills and prior experience with MRI are preferred.