Controller

2 months ago

Dallas, United States 2020 Foresight Executive Talent Solutions Full time

Company

Our client is a private, fully integrated real estate investment, development, and operating firm with a 100+ year track record of successful investments and development in multifamily, commercial, mixed-use, industrial, and retail assets, headquartered in Dallas, TX. The company has a great track record, a strong investor base including HNW, Family Office and Institutional investors and has developed over $1B since their inception and currently owns and manages over 14,000 multifamily units primarily in Kansas, Missouri, Texas, Tennessee & Colorado.

Location

Dallas, TX

Role

The Controller will be responsible to prepare all financial statements for the company including development, construction, and projects. This role will ensure the accuracy of financial reporting, compliance with regulations, and the effective management of financial operations.


Responsibilities

  • Prepare accurate and timely financial statements, including balance sheets, profit and loss statements, and cash flow statements. Ensure compliance with Generally Accepted Accounting Principles (GAAP) and other relevant regulations.
  • Accountable for meeting financial deadlines: internal, investor, compliance, and regulatory.
  • Monitor financial performance against budgets and forecasts, providing insights and recommendations for cost control and financial planning.
  • Monitor and maintain strong internal controls and accounting and related policies and procedures with an eye toward streamlining procedures where possible.
  • Oversee financial aspects of construction projects, including cost tracking, progress billing, and variance analysis. Ensure proper accounting for project costs, including labor, materials, and subcontractor expenses.
  • Supervise and mentor the accounting team, fostering a collaborative and high-performance work environment.
  • Provide guidance on financial processes and best practices.
  • Identify opportunities for improving financial systems and processes. Implement changes to enhance efficiency, accuracy, and reporting capabilities.
  • Maintain corporate bank accounts including balancing bank accounts once a week.
  • Maintain project bank accounts including balancing bank account once a week.
  • Prepare monthly cash projection for corporate use.
  • Prepare monthly bank reconciliations.
  • Allocate corporate expenses between development and construction company.
  • Oversee accounts payable for development and construction and bill costs to jobs when necessary.
  • Oversee account payable for the individual projects.
  • Oversee the payroll process including processing payroll in timely fashion and ensuring funding into payroll bank account.
  • Process payroll every other week and fund payroll account.
  • Update payroll reports to record to accounting system.
  • Prepare census report for 401K and insurance quarterly.
  • Download quarterly payroll tax reports.
  • Maintain employee files as needed.
  • Oversee Amex bill for corporate account including reports and receipts.
  • Oversee Home Depot bill for corporate account including reports, allocation to projects, and receipts.
  • Setup and process payments for utility accounts for projects.
  • Assemble the 1099 information, determine which vendors must be sent a 1099, prepare the 1099s, and send them out in January of each year.
  • Special projects as directed by Senior Management


Qualifications

  • Bachelor’s degree in accounting or related field. Advanced degree desirable.
  • Public Accounting experience and CPA strongly preferred.
  • A minimum of 5 years of accounting experience, preferably with a multi-location real estate company or construction company or a large national/regional accounting firm.
  • Strong working knowledge of and ability to apply GAAP in the preparation of financial statements and in accounting for transactions of the Company.
  • Experience in partnership and joint venture accounting processes and reporting.
  • Supervisory experience managing accounting staff, including general accounting, property accounting, accounts payable, and fixed assets.
  • Excellent verbal and written communications skills and confidence to interact with an experienced and driven ownership/management team.
  • Project management skills, organized, detail-oriented, and capable of handling multiple tasks.
  • Proficient computer skills including Adobe, Microsoft Office, and accounting property management software systems.
  • Excellent organizational and time management skills with a proven ability to meet deadlines.
  • Professional manner and a strong ethical code.
  • Ability to multitask and remain motivated and positive.
  • Commitment to working efficiently and accurately.
  • Ability to build positive working relationships with team members.
  • Proficient in accounting software (QuickBooks Preferred).
  • Experience with accounting system implementation as well as accounting system conversions or upgrades from one version to the next version.
  • Proficient in Microsoft Office Suite or similar software, especially Excel and PowerPoint

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