Assistant Controller

Assistant Controller

Omninet Capital LLC, Beverly Hills, California, United States

Omninet Capital is a vertically integrated private real estate investment and property management firm headquartered in Beverly Hills, California. Founded and led by its principals, the firm owns and operates a diversified portfolio of multifamily and commercial assets across the United States, with approximately 300 professionals managing the platform end-to-end — from acquisitions, capital markets, and asset management to property operations, construction, accounting, legal, and technology.

Our edge is operational. Because we underwrite, close, and operate our own assets, every member of the acquisitions team works alongside the people ultimately responsible for executing the business plan. We combine institutional rigor with the speed and conviction of a principal investor, while increasingly leveraging AI and automation to accelerate underwriting, sharpen decision‑making, and uncover opportunities others miss.

The Assistant Controller is a key member of the accounting and finance leadership team, supporting the Commercial and Corporate Controller in overseeing the day‑to‑day accounting operations across Omninet’s vertically integrated real estate investment, development, and property management platform. This role carries primary responsibility for treasury/cash management in addition to general accounting, financial reporting, and internal controls.

The ideal candidate is a hands‑on, detail‑oriented accounting professional with strong technical expertise and analytic skills, sound judgment, and the ability to manage competing priorities across multiple legal entities. This individual will help strengthen processes and controls as the organization continues to grow.

• Oversee daily cash management and treasury operations, including monitoring of bank balances, cash positioning, and liquidity across all entities.
• Manage banking relationships and administer bank accounts, signers, online banking access, and account openings/closings.
• Assist the Controller in cash flow projection analysis to support operating, investment, and distribution decisions.
• Oversee the funding of operating accounts, capital calls, distributions, and intercompany transfers for corporate entities.
• Administer corporate line of credit and corporate loans to individual properties as needed.

• Support the Controller in managing the monthly, quarterly, and annual close process for corporate entities, ensuring timely and accurate financial statements, and assist with commercial division closing when needed.
• Assist the Controller in various analysis that support the decision‑making process for Leasing, Operation and Construction departments.
• Oversee intercompany transactions, corporate billbacks and related reconciliations.
• Manage legal entity formations, update org charts as needed, track and maintain entity‑related legal documents.
• Support the Controller in managing loan covenants and lender reporting requirements.
• Support the Controller in ad‑hoc projects.

• Support the Controller in managing the company’s tax compliance function across federal, state, and local jurisdictions, including income, franchise, property, sales/use, and business license taxes.
• Prepare tax packages for corporate entities.
• Work with the Commercial Accounting Manager to ensure timely payments of all taxes.
• Assist the Controller in tax implications analysis for real estate transactions, in coordination with advisors.

• Help design, implement, and maintain internal controls and accounting policies and procedures.
• Identify opportunities to streamline and automate accounting, tax, and treasury processes through systems and best practices.

• Bachelor’s degree in accounting, Finance, or a related field.
• Minimum of 8—12 years of progressive accounting experience, including supervisory responsibility.
• Strong working knowledge of GAAP and treasury/cash management functions.
• Experience in real estate,…