Assistant Controller

1 week ago

San Francisco, United States LHH Recruitment Solutions Full time
Job DescriptionJob Description

LHH is currently seeking a Property Assistant Controller for a company in San Francisco, CA. This role will be responsible for overseeing the accounting operations for a portfolio of properties under the supervision of the Property Controllers. This position offers a hybrid environment with 3 days in the office.

The anticipated salary is between $155,000-$180,000 a year.

 

Responsibilities:

· Oversee the accounting for a portfolio of properties, ensuring all financial transactions are in accordance with fair value GAAP.

· Manage month-end and year-end closing functions, including cash and balance sheet reconciliations, work paper updates, and calculation of property and construction management fees.

· Review and record accounting for acquisitions and dispositions of properties.

· Review and prepare tax packages for external tax accountants.

· Research, prepare, and review periodic municipal tax filings, ensuring compliance with local and federal regulations.

· Assist with the planning and coordination of property-level audits, including preparing footnote disclosures.

· Prepare and review periodic lender compliance packages, including Debt Service Coverage Ratio (DSCR) and Debt Yield (DY) calculations, and track Guarantor covenants for the portfolio.

· Partner with Property Controllers to identify and implement process efficiencies and improvements in financial reporting and internal controls.

· Maintain and update accounting policies and procedures documentation.

· Supervise, mentor, and train a team of accountants, providing guidance on accounting practices and processes.

· Develop and implement training programs for internal and external accountants and cross-departmental teams.

· Collaborate with various internal teams, including Investor and Fund Reporting, Treasury, Corporate, Development, Property Management, and Investment teams.

· Oversee relationships with outsourced accounting providers, ensuring quality control and adherence to deadlines and deliverables.

· Assist with the preparation of the annual property-level budget and provide oversight to ongoing monitoring, including variance reporting.

· Prepare and review ad-hoc reports such as cash management and related-party fees for various internal and external stakeholders.

· Provide guidance on complex accounting transactions and recommend accounting treatment as needed.

· Review and provide suggested edits to legal documents, such as property management and joint venture agreements, during negotiations.

· Maintain confidentiality of all company procedures.

· Perform other duties as assigned

Qualifications:

· Bachelor’s degree in Accounting, Finance, Economics, or a related field.

· Minimum of 7+ years of accounting experience, including at least 3 years in a supervisory or leadership role.

· CPA or CPA candidate preferred.

· Strong understanding of accounting standards, particularly for real estate portfolios, including fair value GAAP.

· Proficiency with accounting software such as MRI, Nexus, Yardi, AVID, or other ERP systems.

· Expertise in Microsoft Excel, Word, and Outlook.

· Experience utilizing technology, including AI, in accounting processes is a plus.

· Industry Experience: Experience in commercial real estate accounting is strongly preferred. Knowledge of taxable REIT subsidiaries (TRS), REO or loan foreclosures, as well as development or multi-family spaces is a bonus.

· Ability to evaluate significant accounting transactions and provide technical recommendations.

· Strong organizational skills

· Excellent interpersonal skills

· Foster a positive, professional, and collaborative work environment.

 

Benefits:

· Health, dental, and vision insurance

· 401(k) retirement plan with company matching

· Unlimited paid time off

· Weekly lunch stipend

· Additional benefits, such as remote work flexibility and more



Pay Details: $155,000.00 to $180,000.00 per year

Search managed by: Sara Neuville

Equal Opportunity Employer/Veterans/Disabled

To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.lhh.com/us/en/candidate-privacy

The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:
  • The California Fair Chance Act
  • Los Angeles City Fair Chance Ordinance
  • Los Angeles County Fair Chance Ordinance for Employers
  • San Francisco Fair Chance Ordinance

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