Property Controller

Accounting - Asset Reporting
Posted: 07/23/2021
Full Time
Los Angeles, CA
This position is responsible for overseeing asset/property level accounting and financial reporting functions for the real estate assets within the opportunistic portfolio, including supervision and leadership of staff.
ESSENTIAL FUNCTIONS:
  • Oversees preparation of and approves asset reporting packages to meet investor/fund requirements on monthly, quarterly and annual basis
  • Ensures timely and accurate completion of all month and quarter end closing processes
  • Onboarding of newly acquired assets.
  • Responsible for final review and approval of monthly financial packages to Fund Accounting group(s)
  • Establishes and supports standard practices and procedures for all record keeping and reporting to ensure compliance with internal and GAAP standards
  • Prepare/Review Cash Liquidity Reports to submit to Fund/ Portfolio oversight
  • Monitor and ensure proper record keeping for all Capital Expenditures
  • Assist in fund and asset level audits as necessary
  • Works with Development team and Construction Accounting to manage job-costing process for development assets
  • Responsible for understanding the accounting of newly acquired/restructure of assets by working closely with Fund and Investment teams
  • Acts as point of escalation and support to ensure external departments understand policies and procedures for accounting and are following same.
  • NON-ESSENTIAL FUNCTIONS:
  • Assists in reforecast & consolidation of financial entities
  • Perform ad hoc projects and analyses
  • Performs high level review of the financial closing, accounts reconciliations and variance analyses prepared by the Accounting Manager and JV or third party managers
  • SUPERVISORY RESPONSIBILITIES (IF ANY);
  • Oversees work assignments of property accounting staff including but not limited to, setting performance expectations, providing feedback/coaching on performance and ensuring accuracy and timely completion of work assignments.
  • Responsible for staffing of newly acquired assets including but not limited to evaluation of existing financial staff, hiring new staff and training staff on CIM procedures
  • EDUCATION/EXPERIENCE REQUIREMENTS (including certifications, licenses, etc.):
  • Bachelor's degree in Accounting or Related Field
  • CPA preferred
  • 7 to 10 years’ previous accounting experience property accounting in assigned asset class.
  • Demonstrated success in a managerial role
  • Demonstrated expert level knowledge of GAAP accounting.
  • TECHNICAL SKILL REQUIREMENTS:
  • Proficient in Microsoft Office, especially Excel and Word.
  • Experience in Yardi, MRI, J. D. Edwards or comparable software.
  • CIM does not accept unsolicited resumes from Agencies.  Any unsolicited resumes received from Agencies will be considered property of CIM and no fees will be due or paid.  If you wish to become an approved Agency with CIM or any of its Affiliates, please contact a member of the CIM Talent Acquisition Team.