Controller

  • The Paulsen Group
  • Santa Monica, CA, USA
  • Aug 31, 2020
Full time Finance LIHTC Developer Real Estate

Job Description

Affordable housing developer is seeking a motivated, team-oriented accounting professional to join a growing multifamily real estate investment, development, and property management firm to serve as its Controller.  The company owns approximately 450 million in real estate across seven states throughout the United States. The ideal candidate will have several years of public accounting experience, be self-motivated and able to thrive in an entrepreneurial corporate culture and have the knowledge and experience necessary to build an efficient accounting and internal control system. He or she will advance the company’s management and operations, investment performance, and strategic planning by implementation of accounting policies and procedures, ensuring efficient distribution of high-quality reporting, and embracing our use of data and technology to differentiate in a competitive marketplace. 

Responsibilities:
  • Prepare and coordinate internal and external financial statements
  • Create policies and procedures to ensure the timeliness, accuracy, and usefulness of financial reporting for internal use by asset management staff and for external use by lenders and investors
  • Manage the accumulation and consolidation of all financial data necessary for an accurate accounting of consolidated business results
  • Regularly communicate and coordinate the activity of external auditors and tax preparers to ensure accurate and timely delivery of audit reports and tax returns
  • Assist with preparation of corporate budgets through analysis of consolidated financial data and recommendation of strategic plans to senior executives
  • Build and maintain financial models to calculate quarterly asset valuations, project detailed cash flows, and forecast investment returns for asset management decision-making
  • Support asset management investor reporting initiatives
  • Collaborate with internal teams during the annual budget process, including comparisons of budget projections to historical performance and comparison of budget projections to benchmarks
  • Coordinate all accounting activity between property management
  • Hire, train and retain skilled accounting staff
  • Oversee compliance with federal, state, and local legal requirements by studying existing and new legislation, anticipating future legislation, enforcing adherence to requirements, filing financial reports, and advising management on needed actions
  • Oversee regulatory reporting, frequently including tax planning and compliance
  • Protect assets by establishing, monitoring, and enforcing internal controls
  • Evaluate and assist with the implementation of technology to create workflow efficiencies and automate accounting cycle
  • Develop and apply market knowledge to advance overall company performance 
 
 

Job Requirements:

  • 4-year college degree in Accounting, Finance, Economics or Business
  • Prior public accounting firm experience with multifamily housing clients
  • Experience with HUD Audit requirements and REAC system
  • Knowledge of Low Income Tax Credit (LIHTC) accounting rules
  • High level of proficiency with Microsoft Office, especially Excel
  • Experience with Yardi and RealPage (preferred, not required)
  • Demonstrated ability produce results, meet deadlines, and manage complex and shifting priorities
  • Attention to detail coupled with ability to see the bigger picture
  • Excellent interpersonal skills
  • Collaborative and team-oriented work style
  • Entrepreneurial / motivated character
  • Demonstrated interest in real estate and desire to develop within the industry

Salary:

$140,000 - $175,000 + bonus