Junior Controller

New York, NY

We are representing a Real Estate Private Equity fund formed in 2009 focused on Acquisitions, Asset Management, Development, and Lending in the New York Market. Young Entrepreneurial environment. Cool office space with kitchen/modern space. Seeking: Candidate must be able to do controller level work but also be OK with bookkeeper type work such as processing rent, AP, AR.

 

Responsibilities

 

  • Reconciliations
  • Bank Reconciliation
  • Scan/Download all bank statements on the 3rd/4th day of the month for all properties bank statements for the month ended and save to respective property folder.
  • Complete checking and savings bank reconciliation in Yardi and manually on each property workpaper.
  • Save and post Yardi Bank Reconciliation. Save bank reconciliation report in each property workpapers’ folder.
  • Mortgage Reconciliation
  • Save all mortgage statements upon receipt from the mail or from online banking website.
  • Complete manual mortgage reconciliation in each property workpapers and save.
  • Record any other items, and expense items found on statement. Such as interest earned, real estate taxes paid etc.
  • If mortgage statement disagrees with books due to unknown charges or adjustments, reach out to bank to rectify discrepancies.
  • Reporting (weekly, monthly, quarterly, annually)
  • Deposit all rent checks and track accordingly in Yardi
  • Prepare Tenant Arrears Report for weekly property meeting
  • Profit & Loss Reports for each property for the period closed (monthly, quarterly, annually)
  • Review and adjust for any mistakes, add notes for any costs for any out of the ordinary expenses.
  • Arrears Follow up/Accounts Payable
  • After the 5th of each month, Delinquency reports to be reviewed
  • Tenants with rent outstanding, to be charged a late fee as per the terms of their lease and to be contacted via Email/Phone.
  • Follow up with tenants who have not submitted rent since 1st initial contact and to be followed up every 3 business days of non-payment.
  • Bill Processing
  • Review approved invoices that are submitted (for compliance with company Standard Operating Procedures) and book to Yardi/ QuickBooks.
  • Booked invoices will be scanned and saved to respective vendor folder on Dropbox.
  • Establish/follow bill processing and payment schedule
  • Checks are to be sorted alphabetically, and separated by property ownership
  • To be submitted with Checks, is a register showing, total being paid from property along with current bank balance.
  • Budgeting
  • Prepare Quarterly and Annual property budgets for approval
  • Entering day to day activities, close monthly books

 

Requirements

 

  • Undergraduate degree, concentration in finance or real estate preferred, but not necessary
  • At least four years of experience in commercial real estate accounting
  • Strong communication and business writing skills.
  • Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently to and within established time frames.
  • Proficiency in Microsoft Office (especially in EXCEL), Quickbooks and Yardi
  • Strong work ethic
  • Attention to detail

 

 

Note: Qualified candidates will be contacted within 2 business days of application. If an applicant does not meet the above criteria, we will keep your resume on file for future opportunities and may contact you for further discussion.

Date Posted 5/20/2019
Salary $75,000- $100,000 base + $5,000- $10,000 bonus (flex)






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