What are the responsibilities and job description for the Controller position at Tishman Speyer?
Controller
Tishman Speyer creates vibrant destinations and dynamic environments that inspire innovation and connected communities. As a diversified developer, operator, and investment manager of top-tier real estate in 33 markets across the globe, our business choices are driven by the belief that real estate should unlock human potential. Tishman Speyer’s diversified portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. By combining global perspective with local expertise, and a personalized approach, we are able to anticipate our customers’ evolving needs. We were the first real estate company to introduce asset-wide amenity services through our ZO platform, and the first traditional real estate company to create its own flexible space and coworking brand, Studio.
Since our founding in 1978, Tishman Speyer has acquired, developed, and operated 522 properties, totaling 218 million square feet, with a combined value of over $129 billion (U.S.). Tishman Speyer currently has approximately $68 billion in assets under management, including iconic properties such as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt, and Mission Rock in San Francisco.
Summary of the Position:
Tishman Speyer is seeking to hire a Controller to maintain all aspects of the Client Services Department’s financial operations. The Controller will be responsible for overseeing the Accounting team, financial reporting, and internal controls. The incumbent will also be responsible for ensuring the accuracy of financial statements, compliance with regulations and the efficiency of financial operations. The Controller will develop budgets, analyze financial data, and provide strategic insights to support decision-making.
Key Responsibilities:
- Oversee financial reporting and ensuring compliance with regulations (GAAP).
- Prepare and analyze profit and loss statements.
- Review monthly subcontractor expenses, ledgers, and financial reports for accuracy and request adjustment of journal entries as necessary.
- Review of corporate recharge.
- Provide detailed variance explanations to leadership, Property Management and Asset Management.
- Manage accounting operations, including accounts payable/receivable, and payroll.
- Adjust or initiate new billing policies and procedures as needed.
- Determine annual recurring contract escalations and verify upload.
- Develop and monitor budgets, forecast and financial performance.
- Develop annual budgets, track variances, and provide quarterly forecasts.
- Calculate and distribute updated annual expense allocations, administrative staff payroll allocations, and one-time rate schedules and ensure rate increases are accurately processed and implemented.
- Ensure contract increases are effectively communicated to all customers (tenants) via escalation letters.
- Update summary listings for new year allocations, employee rates, and cleaning charges.
- Analyze cost structures, including labor, equipment and cleaning supplies.
- Optimize pricing strategies for contracts and service offerings.
- Implement and maintain internal controls to prevent fraud and ensure accuracy.
- Ensure compliance with the 32BJ SEIU contract.
- Prepare annual union bonus, increase, and unused sick payment listings.
- Coordinate payroll processing for 32BJ union employees.
- Track employee count, hours, overtime and benefit expense.
- Lead financial audits and liaise with internal and external departments.
- Provide financial insight and recommendations to leadership.
- Perform other duties as assigned.
Skills & Qualifications:
- Proficient computer skills including Microsoft Office (Outlook and Word), Microsoft Dynamics D365 and advanced skills in Microsoft Excel.
- Effective oral, reading, listening, and written communication skills.
- Ability to assess and evaluate situations and critical issues effectively and accurately.
- Takes initiative and is always focused on continuous improvement.
- Strong organization, time management, and project management skills.
- Acts with integrity, professionalism, and confidentiality.
- Strong analytical, mathematical, administrative, and problem-solving skills.
- Passion for ensuring billables are completed in a timely and accurate fashion.
Education/Experience & Certifications/Licenses:
- Bachelor’s degree in Accounting or a similar field is required.
- At least 8 years of accounting experience required in private/public accounting and/or real estate accounting.
- Minimum of 5 years' experience as a Controller, preferably in cleaning services, facilities management or real estate. Proven track record of overseeing financial operations, budgeting, and compliance within a fast-paced environment.
Physical Requirements:
- Present a professional appearance and engage with our Hospitality program.
- Ability to travel between floors and buildings in order to effectively communicate with the team and customers (tenants).
- Onsite presence is required for this position.
The base compensation range for this role is $125,000 - $135,000.
This base range reflects a number of factors including, but not limited to, relevant experience, skill sets, and/or licensure required of an individual in this particular role. The base range is also specific to members of Tishman Speyer’s New York team, as we’ve considered factors specific to this geography.
Tishman Speyer is deeply committed to creating and maintaining a diverse workforce which promotes different views and perspectives. We expect our leaders and employees alike to champion diversity and inclusion practices. Tishman Speyer has several employee affinity and interest groups that provide employees opportunities to develop professional relationships across the business and identify opportunities for development and advancement.
We are proud to be an Equal Opportunity Employer and treat all applicants for employment equally based upon job-related qualifications and without regards to race, color, age, sex, sexual orientation, gender identity, gender expression, marital status, military or veteran status, national origin, disability, religion, or any other characteristics protected by law.
Tishman Speyer is an equal opportunity affirmative action employer and administers all personnel practices without regard to race, color, religion, sex, national origin, sexual orientation, gender identity or expression, disability, protected veteran status or military status, or any other category protected under applicable law. Tishman Speyer is committed to taking affirmative steps to promote the employment and advancement of minorities, women, persons with disabilities and protected veterans.
Disability Assistance - Tishman Speyer is committed to being an Equal Opportunity Employer and offers opportunities to all job seekers, including job seekers with disabilities. If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access the Company’s career webpage as a result of your disability. You may request reasonable accommodations by sending an email to RecruitingAccommodations@tishmanspeyer.com
Salary : $125,000 - $135,000
