Controller | Real Estate | Boston

Boston Permanent USD140,000 - USD180,000 per year
  • Work for a Boutique Real Estate Company in growth mode
  • Competitive Base Salary with a Growing Company

About Our Client

We are currently partnered up with a botique Commercial Real Estate Company in their search for a Controller to join the team due to growth in the company. The Controller will oversee the Financial aspects of a mixed-use portfolio of office, retail, and residential buildings. This position will report directly in the Owner of the company and will be on site 4-5 days per week. If interested, please read on and apply to the Controller - Real Estate job based in Boston, MA.

Job Description

The Controller -Real Estate will be responsible for the following:

  • Overall accounting responsibility for the portfolio and operating entities
  • Manage the payroll component of human resources, process paychecks, maintain compensation history
  • Cash Management. Bank reconciliations, advise on partner distributions and capital calls. Manage multiple bank accounts, including ensuring necessary funds for expenditures such as mortgage payments and real estate tax. Facilitate bank transfers by preparing, reviewing, and requesting approval. Makes physical and electronic bank deposits
  • Maintain an effective system of internal financial controls
  • Assist with creation and review of cash flows, projections and budgets
  • Maintain schedules supporting balance sheet accounts including mortgage statements reconciliations, capital schedules, and bank reconciliations
  • Prepare monthly financial statements and variance reports, providing explanations for significant variances
  • Update, maintain and enforce accounting policies and procedures
  • Liaison for outsourced relationships including but not limited to bankers, insurance agents, auditors, tax accountants, lenders, and investors
  • Review and approve invoices for payment and provide daily/weekly A/P reporting, process checks, make online payments, and facilitate wires.
  • Responsible for the month end closing process and Journal entries into Yardi Premiere
  • Monitor debt service information including amortization schedules, reporting requirements, statements, and payment
  • Responsible for year-end operating expense and real estate tax reconciliations
  • Input, verify and post charges to tenants and clients
  • Establishes new vendor set ups and verification's, as applicable ensuring all important information for vendors is input consistently, accurately and with detail
  • Monitor tenant compliance, rent collection status, notify tenants of delinquency concerns
  • Process year end 1099's and bad debt write-offs
  • Performs tenant account adjustment entries when required
  • Compiles monthly and annual investor and owner reports
  • Verifies all month end accounting is closed and new month is opened timely
  • Completes all required requisitions for mortgage, insurance, etc.
  • Refund tenant deposits after verifying tenant ledger is accurate
  • Manages payroll, benefits administration, worker's comp insurance audits and claims
  • Process City of Boston annual expense and tenant rent schedules for all properties to maintain abatement filings
  • Book Monthly Management Fees
  • Manage general ledger and trial balance to ensure accuracy
  • Attend weekly company meetings and report on finance/accounting related matters
  • Be a technology, Yardi Premiere expert and implement effective, streamlined accounting processes

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

The ideal Controller - Real Estate will have the following qualifications:

  • Bachelor's degree in finance, accounting, business administration or related field
  • CPA a plus
  • Highly proficient with Yardi Premiere
  • Minimum 8 - 10 years accounting experience in commercial real estate with exposure to residential, commercial, and retail properties
  • Self-motivated, professional with solid communication skills, detail and results oriented with a positive attitude
  • Proficient with Word and Excel, Share Point experience a plus
  • Strong organizational, analytical, reporting skills, ability to successfully collaborate with all levels of the organization, and a high level of integrity

What's on Offer

The successful Controller - Real Estate will be rewarded with the following:

  • Base Salary of $140,000-$180,000 based on experience
  • Annual bonus based on company performance
  • Health insurance
  • Paid time off
  • Simple IRA with company match program
Erin McQuillan
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Job summary

Sub Sector
Financial Controller
Contract Type
Consultant name
Erin McQuillan
Job Reference