Controller

3 weeks ago


New York, United States Allied Personnel Services, Inc Full time

Major Responsibilities:

Manage the accounting function for a portfolio of affordable housing residential buildings such as tenant billing, tenant and Section 8 accounts receivable, accounts payable and bank reconciliations.

Prepare monthly, quarterly, and annual financial statements in accordance with GAAP for required partners and lenders

Analyze the general ledger for each property, prepare journal entries, calculate accruals and adjustments and maintain detailed workpaper files monthly

Review results of operations and provide detailed explanations of variances

Review invoices to ensure correct account coding and expense allocations

Prepare reconciliations of all cash accounts, security deposits, reserves, and escrows

Monitor cash balances and request capital funding, as needed

Maintain fixed asset and depreciation schedules

Calculate real estate tax and operating expense escalations

Interact with asset managers, leasing agents, and property managers

Assist in the resolution of tenant billing inquiries with accounts receivable and legal departments

Prepare documentation for loan draws and reserve disbursements

Respond to lender inquiries, as needed

Oversee payroll related processing and applicable tax reporting

Compile financial information for analysts during debt refinances and/or sales of properties

Prepare annual budget and re-forecast

Serve as the main contact for annual audits and tax return preparation

Requirements:

Must have a undergraduate degree in Accounting

6+ years of accounting experience within the real estate industry; residential/affordable experience preferred

Experience with affordable housing properties including Voucher based and Project Based Section 8.

Expert knowledge of Yardi, Quickbooks, Excel and Word

Ability to multi-task, prioritize and work efficiently independently or in a team setting

Strong capability to communicate effectively both verbally and written, including giving and receiving feedback with all levels within the organization

Ability to perform at high levels in a fast paced, ever-changing work environment

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