Corporate Controller

Employer
RSI
Location
Palo Alto, California
Posted
Apr 01, 2024
Closes
Apr 06, 2024
Ref
2741919714
Work Mode
Work from office
Hours
Full Time
Employment Type
Permanent
Organization Type
Corporate
Privately Held real estate firm manages commercial and multifamily real estate properties in Silicon Valley throughout their life cycle, including acquisition, development, financing, operations and sales. The company has a proven track record of executing successful value-add retail, mixed-use, office, multifamily and hotel properties in these markets.

The finance and accounting department is one of the most crucial departments to ensure the success of any business organization. The Controller will be responsible for day-to-day operations of the accounting team, including oversight of senior accountants, offshore accounting team, and various other responsibilities as part of the accounting team.

The Controller is expected to be a confident, dynamic, and sophisticated professional with a thorough understanding of real estate accounting, and operating in real estate accounting systems, internal controls, financial reporting, risk management, and a demonstrated track record of value creation.

We're looking for someone who is highly organized, extremely detail-oriented, and self-motivated, with the ability to work independently and take ownership of their work.

Our leadership team inspires our employees to be successful by providing an excellent work environment and training. We promote a team-oriented work culture, and our leaders care deeply about the staff's well-being. The position offers an excellent salary and is eligible for an incentive bonus. The company also provides an excellent healthcare benefits package along with a competitive compensation plan.

If you are looking for a position where you can apply your skills and build a thriving and rewarding career - please apply with us!

Primary Duties & Responsibilities:

Monthly close:

Detailed review of monthly reporting packages for the assigned properties, including the following:

- Bank Reconciliations for each of the account within the properties

- Cash Balance Reports

- Roll Forwards and Closing Support schedules for each Account with activity and balances on the balance sheet of the properties, including depreciation and amortization schedules, prepaid insurance and tax, CIP, loan, equity, etc.

- Revenue, Straight line rent calculations, Percentage rent, and other income

- Accruals schedule

- Management Fee Calculations

- Trial Balance and Flux analysis

- Closing Yardi Entries, and elimination entries

External reporting:

Monthly investor reporting: review cash reporting inputs into investor forms

Quarterly investor reporting, including review of financial reporting templates, debt reporting templates, and Asset Management reporting.

Monthly, quarterly, annual lender reporting

Annual audit

Currently 20+ audits and sets of audited financial statements

Provide PBC items to auditors and answer any questions

Review and oversee financial statement preparation by Senior Accountants

Tax

Prepare PBC information for the Tax team for REIT testing purposes

Facilitate Estimated Tax Payments based on information provided by the Tax team

Review K-1s and related schedules prepared by the Tax team

Assist in Compliance reporting

Review Property Tax payments, and ensure all bills are timely paid

Annual budgeting process

Review budgets prepared by Asset Management & Property Management teams

Assist in budgeting corporate costs and debt service

Analyze budget for reasonableness

Cash management:

Review/approve account transfers

Ensure entities have sufficient cash when committing payments and releasing transfers

Cash projection for quarterly distributions / monthly capital calls

Capital Calls

Discuss with Construction Accounting upcoming cash needs, and recommend properties that will require capital call

Review prepared capital call

AP

Review/approve vendors

Review invoices for processing

Commit payments to be released

Assist with upcoming projects, including but not limited to Yardi projects, such as Fixed Assets module, Advanced budget and forecasting, Financial Reporting and Monthly close improvement projects, such as automation of relevant schedules.

Assist with ad-hoc requests / projects from Controller, Asset Management Team, Senior Management, CFO.

Education and Experience:

Bachelor's Degree or equivalent professional experience

Big 4 accounting firm experience is preferred.

A master's degree or a CPA is highly preferred but not necessary if an individual has substantial professional accounting or finance experience. Thorough understanding of financial statements and reporting a must.

Compensation:

The compensation plan for this individual will be commensurate with the skills

Employee will also be eligible to participate in the firm's benefits program which includes health insurance options, a 401k plan, and other benefits.

Qualifications

Seeking a highly qualified candidate who has earned a bachelor's degree from a 4-year college or university.

Experience with accounting software and systems, especially Yardi, is a significant plus.

Expert in Microsoft Office, particularly Excel, and Word.

Worked in a fast-paced environment, using your efficient prioritization skills to handle multiple projects with ease.

Strong analytical and problem-solving skills.

Excellent verbal and written communication skills.

Ability to work independently and manage multiple projects simultaneously.