Assistant Controller

CMG Leasing•Blacksburg, VA

About The Position

The Assistant Controller supports the Controller in overseeing the accounting operations of a Real Estate Development company, property leasing and management company, ensuring accurate financial reporting, regulatory compliance, and strong internal controls across multiple properties, entities, and business lines. This role is responsible for day-to-day accounting operations, month-end close, financial statement preparation, and collaboration with property management, leasing, and operations teams to ensure financial accuracy and operational alignment. The Assistant Controller plays a critical role in scaling accounting processes, supporting audits, improving systems, and maintaining financial integrity across residential, commercial, and mixed-use portfolios.

Requirements

Bachelor’s degree in Accounting, Finance, or related field
5–8+ years of progressive accounting experience, preferably within property management, leasing, real estate, or multi-entity environments
Strong knowledge of general ledger accounting, financial reporting, and month-end close
Experience working with property management accounting systems
Advanced proficiency in Microsoft Excel (pivot tables, lookups, financial analysis)
Strong attention to detail with the ability to manage multiple deadlines

Nice To Haves

Experience with multi-state or multi-property portfolios
Familiarity with, job cost account, reserve accounting, and lender reporting
Experience supporting audits and tax filings
Background in both residential and commercial leasing environments

Responsibilities

Manage and execute the monthly, quarterly, and annual close process for multiple properties and legal entities
Prepare and review monthly financial statements, including balance sheets, income statements, cash flow reports, and variance analyses across multiple financial entities.
Ensure accurate intercompany transactions, eliminations, and allocations
Reconcile general ledger accounts, including cash, prepaid expenses, accruals, security deposits, and reserves
Review journal entries and supporting documentation for accuracy and compliance
Oversee accounting for job costing, rental income, , late fees, concessions, and tenant reimbursements
Review and reconcile tenant ledgers, rent rolls, and occupancy reports
Coordinate with leasing and property management teams to resolve tenant account discrepancies and posting issues
Supports accounts payable department, including invoice coding, approvals, and vendor payments
Review accounts receivable aging, delinquency reports, collections, and tenant balances
Monitor cash balances and assist with cash flow forecasting
Reconcile operating accounts, trust accounts, and security deposit accounts
Assist in the preparation of annual operating budgets and capital budgets for properties and management entities
Track actual performance against budget and provide variance explanations
Maintain and enforce internal accounting controls and standard operating procedures
Ensure compliance with GAAP, lender requirements, and regulatory standards
Support internal and external audits, including preparation of schedules and documentation
Assist with tax preparation support, including coordination with external tax advisors
Ensure compliance with state and local requirements related to property management and escrow accounts
Assist with the implementation, optimization, and maintenance of property management and accounting systems
Identify opportunities to improve efficiency, accuracy, and reporting capabilities
Develop and document accounting procedures and workflows
Support automation initiatives related to reporting, reconciliations, and data validation
Supervise and mentor accounting staff
Serve as a financial partner to property managers, regional managers, and operations leadership
Provide training and guidance on accounting policies, procedures, and best practices
Act as backup to the Controller as needed