Finance & Accounting

Controller – Real Estate

$150K/yr - $180K/yr + Bonus
New York, NY (On-Site)
Full Time

Our client, a real estate investment firm with approximately $10B in AUM, is seeking a Property Controller/Financial Analyst. This is a unique opportunity for someone with an accounting or audit background to transition to the finance/analytical side of real estate.

Responsibilities:

  • Calculate monthly funding for operating expenses and capital expenses, capital calls, and quarterly distributions for commercial properties located throughout the United States
  • Review monthly reporting packages, reforecasts, budgets, and CAM reconciliations provided by third parties
  • Perform in-depth CAM escalation review to ensure proper chargebacks to the tenants
  • Calculate potential returns on assets for various scenarios that include varying hold periods, potential sales, refinancings, and earnouts from lenders
  • Perform loan compliance including debt service coverage ratio and debt yield calculations
  • Perform due diligence on acquisitions and new financings
  • Work with the portfolio managers and asset managers on monthly flash reports, quarterly investor reports, and annual budgets and business plans
  • Work closely with outside CPAs

Requirements:

  • Bachelor’s Degree in accounting, finance or a related field
  • Approximately 5-10+ years of real estate finance/accounting experience in a CPA firm and/or a real estate owner/developer
  • Knowledge of commercial real estate
  • Strong computer skills including Excel
  • Knowledge of Yardi, MRI or a similar property management software is a plus