Finance Controller

MC PROPERTY MANAGEMENT CORP•Lemont, IL

8h•Onsite

About The Position

MC Property Management Corp is seeking a Finance Controller to oversee the financial administration of condominium and homeowner associations. This role involves leadership in association accounting, treasury management, financial reporting, budgeting, banking, audits, special assessment administration, and regulatory compliance. The Controller will ensure financial record integrity, maintain internal controls, coordinate audits and tax reporting, and act as the primary financial resource. Additionally, this position will lead the accounting department by developing efficient processes, supporting staff, and improving financial systems.

Requirements

Bachelor's degree in Accounting, Finance, or related field required.
Minimum five years of progressively responsible accounting experience, preferably as a CFO, Controller, or Accounting Manager.
Experience with condominium associations, homeowner associations, property management, or real estate accounting strongly preferred.
Experience coordinating audits and tax preparation.
Strong knowledge of GAAP and financial reporting.
Thorough understanding of banking, treasury management, and internal controls.
Excellent analytical, organizational, and problem-solving skills.
Advanced Microsoft Excel proficiency.
Ability to manage multiple priorities while meeting strict deadlines.
Strong written and verbal communication skills.
Ability to explain financial information to non-financial audiences.
Exceptional attention to detail and accuracy.
High level of integrity and professionalism.
Ability to remain seated for extended periods while working at a computer.
Valid driver's license and reliable transportation required.

Nice To Haves

CPA designation preferred but not required.
Experience with Village Management Software (VMS) or similar property management accounting software preferred.

Responsibilities

Provide leadership and oversight of all association accounting functions.
Ensure the accuracy, completeness, and timeliness of financial reporting.
Develop, implement, and maintain sound accounting procedures and internal controls.
Recommend improvements to accounting systems, workflows, and financial processes.
Provide financial guidance and support to company leadership and community association Boards of Directors.
Maintain confidentiality of all financial information.
Review and approve monthly financial statements for managed associations.
Prepare and post adjusting journal entries.
Post assessment charges and ensure assessment accuracy.
Determine and process monthly reserve transfers.
Prepare customized financial reports and analyses as requested by Boards of Directors and management.
Respond to Board member financial inquiries.
Manage accounts payable and accounts receivable.
Complete monthly corporate financial statements.
Assist in preparing annual operating budgets.
Reconcile corporate credit card accounts.
Monitor Positive Pay banking systems.
Establish new association bank accounts and lockbox services.
Maintain bank signature cards and authorized signers.
Open, monitor, and renew Certificates of Deposit (CDs).
Maintain banking records and tracking spreadsheets.
Coordinate closure of prior banking relationships during community transitions.
Monitor the successful transition of utility accounts and banking services for newly acquired associations.
Coordinate annual financial audits and tax return preparation with outside CPA firms.
Prepare financial schedules and supporting documentation required for audits.
Respond to audit confirmations and questionnaires regarding accounts receivable and accounts payable.
Track tax return preparation and filing deadlines.
Process EFTPS tax payments as required.
Respond to IRS and state tax notices.
Coordinate updates to federal and state tax records, including legal address changes.
Complete condominium questionnaires involving financial, legal, rental, structural, and special assessment information.
Assist with annual operating budget preparation.
Develop reserve funding forecasts.
Assist management with long-term financial planning.
Prepare financial projections related to capital improvement projects and special assessments.
Develop owner assessment allocation schedules.
Prepare project cost projections.
Monitor capital project expenditures compared to approved budgets.
Forecast reserve funding requirements.
Manage Lines of Credit associated with capital projects.
Calculate homeowner payoff amounts.
Coordinate quarterly loan principal reductions and loan re-amortizations.
Establish accounting records for newly acquired associations.
Configure associations within software program, including assessment schedules, charge codes, billing, and late fee structures.
Establish associations within closing software program and upload required documentation.
Import beginning financial balances.
Verify ownership percentages and prepare assessment allocation schedules.
Coordinate financial transition activities to ensure a seamless onboarding process.
Provide leadership, guidance, and technical support to accounting personnel.
Assist with employee training and onboarding.
Monitor workload distribution and ensure timely completion of accounting functions.
Recommend process improvements and best practices.
Foster a collaborative, service-oriented accounting team.