Controller
Cobalt Recruitment · New York, New York, United States
FULL TIMEpermanent
Job Description
A well-established commercial real estate investment firm in Midtown Manhattan is seeking a Controller to own accounting and financial reporting across the portfolio and its investment entities. This is a hands-on leadership seat for someone who can run a team, close the books cleanly, and stand behind the numbers for ownership, partners, and investors. You will manage a team of five accountants and report to ownership.
Below, you will find a complete breakdown of everything required of potential candidates, as well as how to apply Good luck.
ResponsibilitiesLead, manage, and develop a team of five property and fund accountants.Own full-cycle accounting across the portfolio and its investment entities, at both the property and fund level.Calculate and process monthly investor distributions and preferred return payments across joint venture and equity structures, including waterfall calculations.Prepare and review monthly, quarterly, and annual financial reports for owned and managed properties and investment entities.Partner with the investments and asset management teams on performance reporting and NOI drivers.Support acquisitions and dispositions accounting, including closings and purchase accounting.Oversee financial statement preparation and year-end audit and tax workpapers for outside accountants.Own NYC regulatory filings, including RPIE.Maintain lender relationships and deliver required reporting, including support for refinancing's.Record and reconcile monthly principal, escrow, and interest against loan statements.Oversee accounts payable, accounts receivable, and cash management, ensuring all transactions are recorded and adequately funded for upcoming requirements.Monitor major recurring expenses, including utilities and real estate taxes.Prepare monthly tenant billings and annual CAM and real estate tax true-ups.Prepare monthly bank reconciliations.Drive process improvements and strengthen internal controls.
RequirementsBachelor's degree in Accounting or Finance. CPA required.10+ years of accounting experience in commercial real estate, ideally at an owner or investment firm.Previous experience in public accounting preferred.Strong command of joint venture and investor structures, distributions, and waterfalls.Proven experience managing and developing an accounting team.Strong proficiency in Yardi.Advanced Excel. xzbcwsv Sharp, highly organized, and comfortable owning the numbers in a demanding, deadline-driven environment.
Below, you will find a complete breakdown of everything required of potential candidates, as well as how to apply Good luck.
ResponsibilitiesLead, manage, and develop a team of five property and fund accountants.Own full-cycle accounting across the portfolio and its investment entities, at both the property and fund level.Calculate and process monthly investor distributions and preferred return payments across joint venture and equity structures, including waterfall calculations.Prepare and review monthly, quarterly, and annual financial reports for owned and managed properties and investment entities.Partner with the investments and asset management teams on performance reporting and NOI drivers.Support acquisitions and dispositions accounting, including closings and purchase accounting.Oversee financial statement preparation and year-end audit and tax workpapers for outside accountants.Own NYC regulatory filings, including RPIE.Maintain lender relationships and deliver required reporting, including support for refinancing's.Record and reconcile monthly principal, escrow, and interest against loan statements.Oversee accounts payable, accounts receivable, and cash management, ensuring all transactions are recorded and adequately funded for upcoming requirements.Monitor major recurring expenses, including utilities and real estate taxes.Prepare monthly tenant billings and annual CAM and real estate tax true-ups.Prepare monthly bank reconciliations.Drive process improvements and strengthen internal controls.
RequirementsBachelor's degree in Accounting or Finance. CPA required.10+ years of accounting experience in commercial real estate, ideally at an owner or investment firm.Previous experience in public accounting preferred.Strong command of joint venture and investor structures, distributions, and waterfalls.Proven experience managing and developing an accounting team.Strong proficiency in Yardi.Advanced Excel. xzbcwsv Sharp, highly organized, and comfortable owning the numbers in a demanding, deadline-driven environment.