Assistant Controller, Real Estate Accounting

MIT•Cambridge, MA

About The Position

The Assistant Real Estate Controller, MIT Investment Management Company, is responsible for overseeing accounting and financial operations for MITIMCo’s diverse real estate portfolio, which includes over 100 properties across multiple asset types and investment structures. Reporting to the Real Estate Controller, this role plays a key part in ensuring accurate financial reporting, strong internal controls, and adherence to best practices. The position serves as the primary liaison with the outsourced property manager’s accounting team, supervising day-to-day accounting activities, reviewing lease data in systems like Yardi, and flagging potential issues to asset management. It also ensures the integrity of real estate sub-ledgers and accurate data flow into internal and third-party reporting systems. Key responsibilities include leading monthly, quarterly, and annual financial reviews; overseeing budget and forecast evaluations; and supporting the annual valuation process through appraisal coordination.

Requirements

A minimum of six years of experience in Real Estate Accounting
Bachelor’s degree in accounting or finance-related discipline
Proficiency in Microsoft Office (Word, Excel, PowerPoint)
Excellent critical thinking and analytical skills
Ability to thrive in a fast-paced environment and feel comfortable working through an iterative process
Strong computer skills and knowledge of relevant technology
Exceptional organizational skills and effective time management skills with proven ability to multi‐task
Demonstrated track record of effective oral and written communication through all levels of the organization
Ability to resolve complex problems in a thorough and timely manner, determining the appropriate course of action with minimal supervision

Nice To Haves

Experience with joint ventures or fund accounting
Experience with Yardi and/or RealPage
Experience in leasehold and fee simple accounting
Experience with Fair Value accounting principles
CPA

Responsibilities

Overseeing accounting and financial operations for MITIMCo’s diverse real estate portfolio.
Ensuring accurate financial reporting, strong internal controls, and adherence to best practices.
Serving as the primary liaison with the outsourced property manager’s accounting team.
Supervising day-to-day accounting activities.
Reviewing lease data in systems like Yardi.
Flagging potential issues to asset management.
Ensuring the integrity of real estate sub-ledgers and accurate data flow into internal and third-party reporting systems.
Leading monthly, quarterly, and annual financial reviews.
Overseeing budget and forecast evaluations.
Supporting the annual valuation process through appraisal coordination.