Controller - Property Accounting

About Prime West:

Prime West was founded in Denver in 1981. From the start, the firm’s mission has been to create an enduring company that would benefit the communities in Colorado in which Prime West operates by developing projects with an emphasis on distinctive design, superior building quality, and best in-market building features and amenities.

With a history rooted in successful office development, Prime West has had a hand in creating some of the Denver area’s most iconic office districts including Interlocken and Belleview Station. With strategic leadership vision, the company expanded its product development specialties to include multifamily in 2019.

Prime West now focuses on office, multifamily, industrial, build-to-suit, and healthcare facilities along Colorado’s front range. With over 7 million square feet developed in Colorado and over 100 years of combined experience by the leadership team, Prime West is Colorado’s premier developer.

Prime West’s business is based on successful relationships, and the firm prides itself on building and maintaining long-term relationships with community members, investors, tenants, and other key stakeholders.

Job Summary:

We are seeking an experienced Controller to lead our financial operations within the commercial real estate industry. This pivotal role involves managing a team of 2-3 property accountants and ensuring precise financial reporting, compliance with regulations, and effective financial stewardship across our diverse property portfolio. The ideal candidate will be a strategic thinker with strong leadership abilities, a deep understanding of real estate finance, and a proven track record of enhancing financial performance. As the Controller, you will play a crucial role in shaping the financial strategy of the organization and driving our success.

Key Responsibilities:

Financial Management

• Oversee the financial operations of the company, including budgeting, forecasting, and financial reporting for various properties, ensuring alignment with corporate financial goals.
• Develop, implement, and refine financial strategies that promote sustainable growth and profitability, while managing risks associated with the commercial real estate market.
• Monitor cash flow and liquidity, ensuring adequate funding for operational needs and strategic initiatives.

Team Leadership:

• Effectively manage and mentor a team of property accountants, providing guidance, support, and professional development opportunities.
• Conduct regular performance evaluations, set clear objectives, and create personalized development plans that align with individual career aspirations and company goals.
• Foster a positive team culture that encourages collaboration, open communication, and accountability.

Financial Reporting: 

• Prepare and present comprehensive monthly, quarterly, and annual financial statements for internal and external stakeholders, ensuring accuracy and adherence to deadlines.
• Develop customized financial reports and dashboards that provide insights into property performance, operational efficiency, and strategic opportunities.
• Communicate financial results and key performance indicators to senior management and investors, facilitating informed decision-making.

Compliance:

• Ensure compliance with all financial regulations and reporting standards specific to the commercial real estate industry, including GAAP and IFRS.
• Maintain up-to-date knowledge of regulatory changes and industry best practices, implementing necessary adjustments to ensure compliance and mitigate risks.

Audit Coordination:

• Coordinate and support internal and external audits, ensuring that all financial records are accurate, organized, and readily available.
• Develop and maintain strong relationships with auditors, responding to inquiries and implementing audit recommendations to enhance financial controls.

Property Management Support:

• Collaborate closely with property management teams to provide financial insights that support operational decisions, enhance property performance, and drive profitability.
• Direct the onboarding process regarding property information from sellers or prior management companies.
• Assist in the evaluation of potential acquisitions, dispositions, and development projects by providing detailed financial analysis and due diligence support.

Process Improvement:

• Identify opportunities for process improvements and implement best practices in financial management and reporting to enhance efficiency and accuracy.
• Lead initiatives to automate accounting processes and reporting systems, streamlining workflows and reducing manual intervention.