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Financial Controller for Multifamily Properties
2 months ago
We are seeking a dedicated Controller to lead our finance operations within the multifamily property sector. This newly established role is designed for an individual who thrives on creating structure and clarity in financial processes.
The ideal candidate will possess experience in multifamily property accounting and may hold a CPA designation. This position will be responsible for overseeing a team of outsourced accountants, managing third-party tax and audit activities, as well as handling certain in-house accounting responsibilities.
About NewCastle Management GroupNewCastle Management Group is a prominent real estate investment firm specializing in the development and acquisition of multifamily assets across the Eastern United States. Our focus is on building and acquiring Class A communities, typically consisting of 120 units or more, with project sizes ranging from $25 million to $100 million.
Our business model emphasizes ground-up development and value-add acquisitions in markets with high barriers to entry and strong economic fundamentals. We carefully select financing structures tailored to each deal, utilizing a mix of conventional bank loans, government-insured mortgage-backed securities, tax credit equity, and alternative capital solutions.
Key Responsibilities- Manage accounts receivable and payable.
- Oversee bank account management and reconciliation.
- Ensure contract retention.
- Handle cash management effectively.
- Prepare monthly financial reports.
- Manage investor capital calls and distributions.
- Support budget planning and management activities.
- Administer federal, state, and local business registrations and reporting.
- Coordinate audit and tax filings with third-party CPA firms.
- Provide data reporting to support business decisions.
- Experience with RealPage accounting and QuickBooks.
- 3-5 years of relevant experience.
- CPA certification is preferred but not mandatory.
- Experience in multifamily property management accounting or real estate is advantageous.
This job description outlines the primary duties and responsibilities of the position. Duties may evolve over time, and employees will be notified of significant changes whenever feasible.
NewCastle Management Group is an equal opportunity employer, considering all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, or disability status.
