Financial Controller

An established, privately held real estate investment and property management company with a significant portfolio of multifamily properties is seeking an experienced Real Estate Controller to lead the company's accounting and financial reporting and operational finance functions.

This is the company's senior accounting and financial management position and is designed for an experienced real estate financial professional with substantial multifamily or commercial real estate accounting and financial management experience and possess a strong understanding of property operations, internal controls, lender reporting, and financial analysis.

The Controller will report directly to ownership/senior management and will work closely with the company’s accounting and property management teams, outside CPAs, tax advisors, and other professionals.

The position combines strong real estate accounting and controllership responsibilities with financial oversight, cash management, lender coordination, budgeting, forecasting, and decision support.

Responsibilities:

Accounting & FP&A Leadership

• The Controller will work closely with and supervise the Senior Manager responsible for significant portions of the day-to-day accounting and FP&A process.
• Oversee accounting and financial reporting for the company's multifamily portfolio, property-level ownership entities and management company.
• The Controller maintains overall financial accountability and senior-level oversight while the Senior Manager leads much of the detailed accounting, budgeting, forecasting, and analytical work.
• Establish and maintain accounting policies, procedures, reporting standards, and internal controls.
• Work directly with ownership and senior management on significant accounting, financial, cash-flow, and property-performance matters.
• Ensure ownership receives accurate, timely, and decision-oriented financial information.
• Develop accounting personnel and establish appropriate levels of review and accountability.
• Delegate detailed accounting and analytical responsibilities while maintaining overall accountability for the financial function.
• Serve as the primary internal financial contact for outside CPAs and tax professionals.
• Coordinate year-end financial reporting and supporting schedules for property, partnership, and corporate tax returns.
• Coordinate annual audits, reviews, tax return preparation, and lender examinations.
• Improve efficiency through standardization, automation, and better use of the company's accounting and property management systems.

Real Estate Accounting

• Maintain overall responsibility for accounting across the multifamily portfolio and related ownership entities.
• Review property-level income statements, balance sheets, general ledgers, cash flows, and budget-to-actual results.
• Ensure proper accounting for rental income, concessions, delinquencies, bad debt, security deposits, operating expenses, capital expenditures, and other property activity.
• Review material property-level variances and ensure significant issues are investigated and resolved.
• Maintain responsibility for timely and accurate monthly, quarterly, and annual financial statements.
• Review monthly reporting packages prepared by the accounting and FP&A team to ensure that the reporting translates accounting information into useful management information.
• Provide ownership with consolidated and property-level reporting addressing:

Revenue and collections

Operating expenses

NOI and NOI trends

Budget-to-actual performance

Significant financial variances

Occupancy

Capital expenditures

• Identify financial issues requiring management attention rather than simply reporting historical results.
• Improve reporting processes and management dashboards as appropriate.
• Working closely with the Senior Manager, Accounting & FP&A, the Controller will oversee the company's budgeting, forecasting, and financial planning processes.
• Review assumptions regarding rents, occupancy, collections, payroll, utilities, repairs and maintenance, insurance, real estate taxes, and other operating expenses.
• Review monthly and quarterly forecasts and significant changes in projected results.
• Analyze actual performance against budget, forecast, and prior periods.
• Review property-level and portfolio-level NOI trends.
• Oversee cash-flow forecasting and liquidity planning.
• Develop forward-looking analyses for ownership regarding property operations, capital expenditures, debt obligations, and other significant financial matters.

Internal Controls & Risk…