Property Controller

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Co is a privately held, high-growth real estate investment and management firm focused on acquiring, repositioning, and operating multifamily and mixed-use assets primarily in New York City and across the Northeast. With a disciplined and entrepreneurial approach, we target submarkets and neighborhoods with secular tailwinds and seek to deliver strong, risk-adjusted returns through hands-on management and operations. 109

Co’s leadership team has over 20 years of real estate acquisitions experience and has closed on over $7BN worth of transactions across all major asset classes.

Our existing portfolio consists of $450MM of real estate assets that we own and manage in partnership with leading institutional investors and is comprised of ~450 free market, rent stabilized and commercial units. 109

Co is vertically integrated across 7 business lines:
Acquisitions, Asset Management, Property Management, Project Management, Design & Marketing, Leasing & Sales, and Finance & Accounting.

We are seeking an experienced, execution-focused individual to oversee and manage the accounting and finance functions of our portfolio and operating company. You will report directly to 109

Co’s Managing Partner.

Financial Reporting, Budgeting and Forecasting

• Manage the production of monthly, quarterly, and annual GAAP-compliant financial reports for joint venture partners, investors, and lenders
• Perform variance analysis and identify key drivers and recommend solutions
• Lead compilation, preparation and submission of operating and capital budgets
• Monitor reporting requirements in joint venture, property management and loan agreements
• Oversee municipal compliance filings, including RPIE submissions and Tax Commission 201 (TC201) filings
• Lead interim and annual audit processes in coordination with auditors, external accountants, and bookkeepers
• Coordinate with third party accounting firms in preparation and submission of tax returns
• Manage K-1 distribution process
• Handle PTET (Pass-Through Entity Tax) filings and payments

Cash Management and Banking

• Manage bank accounts, property-level cash balances, and prepare cash analysis reports
• Monitor property-level cash balances and manage banking portals
• Manage loan administration including debt service payments, monthly waterfalls, loan requisitions and lender communications
• Manage capital calls/distributions by forecasting cash flows and prepare cash forecasting summaries

Financial Management and Operations

• Serve as the primary finance contact for joint venture partners, investors, lenders, and 109
  
  Co departments
• Review operating and joint venture agreements to determine the calculation 109
  
  Co fees
• Oversee Yardi implementations and updates
• Oversee internal control processes including AR/AP and lease administration
• Oversee new acquisitions onboarding

• 5+ years of relevant experience
• CPA is preferred but not required
• Proficient in Microsoft Excel and Yardi
• Familiarity with AI tools (e.g. Claude) for process optimization
• Strong verbal and written communication skills

• Competitive base salary and eligibility for annual discretionary, performance-based bonus
• Full medical insurance coverage (Health, Dental, Vision)
• Additional benefits include free (i) transportation to/from work, (ii) meals in the office, and (iii) cellular phone