Assistant Controller - Broadstone Real Estate LLC

November 07, 2017
...Unable to display logo...

Broadstone Real Estate LLC

Rochester, New York 14604

Broadstone Real Estate, LLC, a full-service real estate company that serves as the sponsor of two private real estate investment trusts (REITs), is seeking an Assistant Controller for Broadstone Net Lease (BNL) – one of the sponsored REITs. The REIT currently owns more than 450 single-tenant triple-net lease properties in 37 states and is positioned for continued growth.

The Assistant Controller will, under the direction of the Controller, assist with the timely and accurate production and analysis of GAAP-based financial statements and reports for the growing REIT, including involvement with the year-end audit.  This individual will also assist in the REIT’s budgeting and forecasting processes, debt covenant compliance reporting and conducting technical accounting research. The ideal candidate will have five or more years of public accounting and financial audit experience, and be well versed in GAAP-based accounting.  Real estate experience and exposure to derivative accounting are a big plus.  Candidate must have strong communication and presentation skills. The individual will be able to work independently as well as part of a team, and be exceedingly well organized, flexible and able to produce high quality work under strict deadlines.  This role also calls for excellent interpersonal skills, project management experience, and the ability to work well with all levels of internal management and staff.  This is an exciting opportunity for an experienced accountant to play a critical role in a successful and growing organization offering opportunities for professional development and advancement.


Essential Job Duties and Responsibilities:

  • Assist with the preparation and review of monthly, quarterly and annual financial statements and footnotes in accordance with GAAP for a commercial, triple net REIT, including derivative accounting and purchase and lease accounting
  • Provide comprehensive analysis for financial statements and be able to present findings at management level meetings
  • Supervise aspects of the monthly, quarterly and annual accounting close and financial reporting cycles in accordance with GAAP
  • Assist with annual external audit and quarterly review processes
  • Assist with the preparation of annual budget for the REIT as well as monthly forecasts
  • Assist with routine debt covenant compliance reporting
  • Help coordinate compliance with Sarbanes Oxley, supporting and enforcing internal controls
  • Research, provide insight and draft technical position papers on proper accounting treatment for new processes, accounting standard updates and high level technical issues
  • Review financial statements and general ledgers, and work with the accounting team to address any discrepancies
  • Review various monthly, quarterly and annual reconciliations and journal entries, and provide guidance on discrepancies
  • Assist in the preparation of the Statements of Cash Flows and Stockholder’s Equity
  • Assist in review of purchase price allocations
  • Provide guidance and assistance as needed to colleagues performing accounting and financial reporting preparation duties
  • Help identify workflow improvements and/or efficiencies; recommend improvements as needed to ensure adequate controls, policies and procedures are in place
  • Assist with preparing and maintaining documentation of financial processes and controls to meet Sarbanes Oxley Compliance
  • Assist with data gathering and reviews for SEC filings
  • Prioritize and manage multiple projects simultaneously, and follow through on issues in a timely manner
  • Additional duties as required



  • Strong organizational and planning skills; Strong attention to detail; Passionate about quality and accuracy
  • Deep understanding of Generally Accepted Accounting Principles (GAAP) and financial statements based upon them
  • Strong aptitude for research and problem solving
  • Experienced information gathering, information monitoring, and decision making skills
  • Excellent verbal and written communication skills with the ability to communicate and present complex information succinctly
  • Ability to perform under pressure and consistently achieve required deadlines
  • Solid work ethic; Professional and proactive approach to work; Self-motivated, positive, confident and committed
  • Able to handle multiple priorities and changes with professional demeanor
  • Self-starter with ability to work effectively, both independently and as a member of a team
  • Must live in or be willing to relocate to Rochester, NY area



  • Bachelor’s degree from a four-year accredited university required
  • Certified Public Accountant
  • 5+ years’ public accounting experience, with audit manager level experience preferred
  • 5+ years’ experience producing GAAP based financial reports and analysis
  • SEC reporting experience a plus
  • High level proficiency Microsoft Office, including Word, Excel, PowerPoint and Outlook
  • Experience with modular-based accounting systems (real estate property management accounting systems preferred; MRI software experience a big plus)


Environment and Physical Demands:

  • Professional office environment with routine use of standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machine; noise level typical of a standard office environment
  • Prolonged sitting, computer and telephone use, as well as standing, filing, stooping, bending, reaching and lifting and carrying up to 15 pounds


The above description is not intended to define, in detail, the multitude of tasks that may be assigned, but rather to provide a general sense of the responsibilities and expectations of the position. As the nature of business demands change, so too may the functions of this position.