Multifamily Financial Manager
3 days ago
ARC Multifamily Group, LLC is seeking a highly skilled and detail-oriented Multifamily Controller to oversee the financial operations of our multifamily portfolio. The ideal candidate will have experience in multifamily property accounting and a strong understanding of real estate financial operations.
Key Responsibilities- Manage all accounting operations, including billing, accounts receivable, accounts payable, general ledger, and counsel.
- Prepare and publish timely monthly financial statements.
- Coordinate the preparation of regulatory reporting.
- Research technical accounting issues for compliance.
- Support the month-end and year-end close process.
- Ensure quality control over financial transactions and financial reporting.
- Manage and comply with local, state, and federal government reporting requirements and tax filings.
- Work closely with applicable personnel, including community managers and the COO, to ensure accuracy of financial reporting and budgets.
- Complete a successful management of all accounting, financial, cash management, risk management, and information systems, including cash flow projections.
- Maintain escrow analyses.
- Manage accounts payable functions, including issuing checks, setting up wire/ACH payments, maintaining vendor files, and assisting with vendor inquiries.
- Prepare operating and tax expense reconciliations (true-ups) as required per governing documents.
- Ensure records are being maintained timely, accurately, and in compliance with GAAP or other basis of accounting.
- Perform month-end close procedures, including preparation and review of account reconciliations for complex accounting areas.
- General ledger review and analysis.
- Assist in the annual budgeting preparation process.
- Prepare information for various audits as needed.
- Prepare and analyze monthly/quarterly financial statements and supporting schedules, working closely with property teams to ensure accuracy.
- Prepare quarterly debt compliance, if applicable, including compliance certificates and supporting documentation in accordance with loan documents.
- Assist in the setup of new projects with guidance from the COO, including setting up properties in Entrata, opening bank accounts, and assisting with acquisition accounting schedules/entries (prorations schedules).
- Carry out proper procedures to ensure internal controls are being met.
- Continuously seek to mitigate risks, control costs, and cash resources at all times to meet organizational obligations.
- Prepare tax projections and tax preparation workpapers.
- Experience with RealPage software.
- Experience in the multifamily industry or a similar industry.
- Proven working experience as a Controller or Assistant Controller.
- 5+ years of combined accounting and finance experience.
- Degree in Accounting or Finance preferred.
- CPA or CMA preferred.
- Thorough knowledge of accounting principles and procedures.
- Experience with creating financial statements.
- Excellent accounting software user and administration skills.
- Experience with general ledger functions and the month-end/year-end close process.
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