New York City - New York
About The Role
Our consultants are recruiting for an Assistant Development Controller. Contributors in this role assist the team in coordinating financial reporting and analytical review of the property owner entities.
Produces financial reporting packages and other required financial information and analytics for all property related entities, including work-papers for all balance sheet general ledger accounts on a monthly or quarterly basis in addition to standard financial statements.
Works with client’s auditors for interim and year end audits; helps draft annual audit report.
Compiles, analyzes, and tracks financial data by performing detailed review of monthly property owner reports such as: operating statement variance reports, aged receivables, aged payables and capital expenditures variance to budget.
Supports the daily activities of cash management, such as: preparing monthly bank reconciliations, reviewing cash balances, preparing capital calls or loan draws, preparing distribution waterfalls, managing cash security deposits, and ensuring fees payable to management company are accurately calculated and paid timely.
Supports senior team members in the management of risk and compliance activities.
Review lease abstracts and lease recurring charge set up. Prepares CAM calculation for income budgeting/billing estimates and annual true ups.
Troubleshoots advanced issues and ensures internal and client requests are handled timely, accurately and with a focus on customer service.
Bachelor's degree in accounting or finance.
5+ years accounting experience or equivalent combination of education and experience required. Prior experience in real estate accounting and analytics preferred.
Solid organization skills and analytical skills
Communicates clearly, effectively and concisely. Should have presentation skills, solid written and verbal interpersonal skills.
Requires proven knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an understanding of financial terms and principles to include accounting methods: cash, accrual, and GAAP.
Knowledge of real estate terms, definitions, and real estate analytical methodology.
Decisions made with understanding of procedures and company policies to achieve set results.
TO APPLY - please forward resume to Susanne Eisenberg at seisenberg@pailingroup.com
pailingroup.com
