Controller

The Controller is responsible for financial reporting, cash management, and partner distributions. Ideal candidates will have prior management experience and be well-versed in Commercial Real Estate

RESPONSIBILITIES:

• Manage and assist a team of property accountants
• Monitor major recurring expenses such as payment of utilities and real estate taxes.
• Calculate monthly distributions and/or preferred return payments to investors.
• Assist with financial statement preparation and year-end audit and tax work papers for outside accountants.
• Prepare annual filings for New York City properties such as RPIE.
• Prepare monthly/quarterly/annual financial reports for managed properties.
• Ensure all accounts payable and accounts receivable are completed in an accurate and timely manner.
• Monitor cash to ensure that all transactions are properly recorded and adequately funded for upcoming cash requirements.
• Prepare monthly bank reconciliations.
• Maintain relationships with, and provide required reporting to, mortgage lenders, including assisting with refinancings.
• Record monthly principal, escrow, and interest payments based on loan statements and ensure that balances are reconciled.
• Prepare monthly tenant billings, including the preparation of true-up of CAM and real estate taxes.

REQUIREMENTS:

• Bachelor's degree in Accounting or Finance, a Master's is preferred.
• CPA Certification is a plus.
• 10+ years of accounting experience in the real estate industry, ideally in commercial real estate
• Strong knowledge of Excel is required.
• Experience with Yardi is preferred.
• Strong communication skills are required for effective leadership.

The Fair market Assumption for this role's base salary is between $155,000 and $175,000 annually.

The above salary range represents Cobalt's good faith and reasonable estimate of the possible base compensation range at the time of posting and is one part of the total rewards package this client provides to employees.

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