Job Description

Company Overview:

Our client is a leading commercial real estate development firm, having successfully acquired, developed, re-positioned and/or entitled and managed over $3B of AUM. Focused on high quality, mixed-use development assets in leading gateway markets, with a strong emphasis on creative place making and value-add approaches to real estate, our client is among the top tier of real estate development and management firms in the New England market.

Position Overview:

The Senior Controller is responsible for managing and overseeing the accounting and financial reporting functions for the Corporate and Development divisions of the organization. The position will report directly to and work closely with the Chief Financial Officer. The ideal candidate will have the opportunity to be an integral part of a fast-paced, entrepreneurial work environment interacting with clients, external counsel, consultants, asset management team, development management team, and investments team. This includes ensuing the accuracy of financial statements, managing financial controls, and supporting strategic financial decisions. The Senior Controller will work closely with senior management to drive financial performance and efficiency. This position will specifically be responsible for the management, leadership and training of the corporate and development accounting team within the accounting department. The selected candidate is expected to have a hands-on leadership style with an in-office presence.

Responsibilities:

Leadership:

Collaborate with the CFO in developing and executing financial strategies aligned with organizational goals and objectives.
Collaborate with the Development Management, Corporate Financial, and Investment teams to develop and manage the annual budgeting process.
Lead, inspire and develop staff by building engagement with the property and development accounting teams, providing feedback and growth opportunities and holding team accountable.
Provide mentorship and coaching for direct reports; give direction, delegate and remove obstacles to manage team performance.
Plan and prioritize work (your own and your direct reports’) to meet commitments aligned with organizational goals.
Secure and deploy resources effectively and efficiently.
Address performance issues or concerns timely, ensure appropriate documentation is maintained and evaluate issues where appropriate.
Responsible for the development and maintenance of accounting policies and the appropriate application of those policies to the Company’s Corporate and Development business activities.

Technical:

Know the most effective and efficient processes to get things done, with a focus on continuous improvement.
Oversee the financial close process and all associated processes and monthly/quarterly reporting to ensure delivery of accurate and timely results to stakeholders.
Oversee proper accounting treatment of complex transactions, including the accounting for joint ventures.
Oversee Payroll function and Cash Management.
Manage year-end financial statement (reviews/audits) process and own relationships and communication with external CPA provider.
Assist in preparation of property acquisition, disposition, and financing closing statements.
Approve daily cash receipts and vendor payments.
Approve monthly mortgage payments and interest rate SWAPs.
Perform detailed review of annual income and expense forms for real estate tax filings.
Perform detailed review of distributions/contributions calculations.
Perform detailed review of construction draw schedules for active development projects.
Perform detailed review of corporate cash reforecasts.
Execute to a high standard – acts with a sense of urgency, with the end result in mind and can follow through to deliver exceptional results.
Monitor accounts receivable for collection issues.
Ensure vendors are paid timely and accurately.
Ensure tenant and internal billbacks are billed timely and collected.
Review annual/fiscal year CAM calculations.
Support lender reporting.
Review waterfall calculations, as needed.
All other projects as assigned.

Qualifications:

Bachelor’s degree in accounting and/or finance required.
Certified Public Accountant (CPA) designation, preferred.
15+ years of progressive accounting experience; commercial real estate industry highly preferred.
At least 7 years of managerial experience in managing a team of property accountants and assistant controllers.
Proficiency in Yardi software.
Strong computer skills with proficiency in MS Office suite.
Great team building skills.
Detail oriented with problem-solving mindset, superior work ethic and sound judgment.
Demonstrate excellent organizational, leadership, relationship management and time management skills.
Excellent written and verbal communication skills; experience communicating with executives, stakeholders, clients, tenants, and vendors preferred.
Ability to interact in a team-oriented environment, show a willingness to collaborate and multitask, with a balanced demeanor of professionalism and a proactive attitude.
Adaptability to changing demands and meeting deadlines.
Making good and timely decisions that keep the organization moving forward.
Effective problem-solving skills.