Portfolio Controller

WS Development•Newton, MA

About The Position

Responsible for directing the company’s property accounting functions including establishing and maintaining accounting principles, practices, procedures, initiatives and industry best practices. Review financial reports, presents findings and makes recommendations to the company executives. Review and analysis of tax returns and compliance reports. Supervise and coordinate all audit and reporting requirements. Responsible for reviewing all budgeting and reforecasting for a portfolio of properties. Directs cash management at each property to ensure that distributions are made strategically based on what is happening at each property and determining when capital calls are needed. Responsible for review of debt compliance in accordance with loan documents. Supervise and mentor staff. Provide ongoing feedback to ensure all associates have a clear understanding of performance.

Requirements

5+ years of accounting experience, preferably in commercial real estate.
Prior experience in public accounting preferred with CPA designation.
Bachelor’s degree in accounting.
Prior management experience, specifically overseeing and reviewing work of accountants.
Advanced analytical and quantitative skills.
Superior communication and relationship management and presentation skills.
Proficiency in GAAP.
Advanced Excel skills and accounting software knowledge.
Recommend program knowledge includes: Anaplan, MRI, AvidXchange, Advanced Excel Skills including the knowledge of Spreadsheet Server preferable

Responsibilities

Oversee a portfolio of properties, directly supervising Senior Managers, Managers, Senior Property Accountants and Property Accountants.
Manage a large team of direct reports, supervising staff and mentoring are key to this role.
Work directly with Investment Managers on asset health, investor and lender reporting and analysis, and providing data and insight over day-to-day operating decisions.
Oversee monthly, quarterly and year end closings for properties in accordance with GAAP, tax basis and cash basis accounting procedures.
Ensure accounting systems and process controls are following company standards and best practices. Propose enhancements to controls where needed.
Review and analysis of annual operating expenses.
Manage and ensure that all tenant billings including CAM, RE Tax, and general billback are performed accurately and timely.
Review and analysis of budgets prepared by accounting and cross functional team members.
Work with the independent CPA firm to produce Audited Financials for entities as required. Provide required support for year-end audit or other financial inquiries.
Review compliance with loan agreements that include debt covenant compliance, debt yield and debt service coverage tests and all other ongoing monitoring of the loans. Review all loan draws provided to the lenders.
Oversee the cash management for each property that will include distributions, capital calls and investment of excess cash in certain investments (sweeps, money markets, etc.).
Be an integral member of efficiency and other projects that the company/department will undertake. Lead certain initiatives where you can lend your expertise to effect change.
Review REIT compliance and planning related to this.