Location
Wellesley, MA | United States
Job description
Maloney Properties accounting department is looking for a highly motivated and analytical individual with real estate accounting experience for the assistant controller position. The successful individual will also have a strong desire to be part of a true, diverse team and to work in an environment that fosters learning through interaction with other property management professionals in a stable and growing company. Possibility to work fully remote after the first 3 months.
Responsibilities include, but are not limited to:
- Lead, instruct and supervise three to five Property Accountants,
- Assist Property Accountants and Regional Managers with weekly cash management.
- Prepare or review monthly, quarterly, and annual property reports to ensure their timely submissions.
- Monitor properties monthly financial performance and manage residual receipt requirements with Regional Manager in accordance with the regulatory agreements.
- Prepare breakeven calculations, cash flow analysis and other analytical reports as necessary.
- Work with Controller and accounting firms to schedule audit package submissions and field work dates.
- Review properties’ year end work papers as well as interact with auditors, property managers and regional managers to address open items.
- Work with accounting firms to achieve the timely completion of audits as stipulated in the governing documents.
- Review governing documents and prepare year end distribution calculations accordingly for controller’s review as well as overseeing the actual disbursements.
- Work with the Construction Coordinator to track project progress, completion status and prepare payment applications.
- Work with Project Coordinator and Property Accountant to schedule vendor payments if applicable.
- Work with Property Accountant to issue the Contracting Service Department monthly financial statements including projects Status report and submit to CFO.
- Other duties as assigned by a supervisor.
- Working knowledge of at least five years’ experience with accounting for subsidized housing. Public Accounting experience is preferrable.
- Experience supervising accounting staff.
- Advanced MS Excel skills.
- Knowledge of Yardi is beneficial.
- Knowledge of HUD regulations as it applies to financial reporting.
- Good written and verbal communication skills are necessary for interaction with clients, banks and State, Federal and City Regulatory agencies.
Job tags
Salary
