Property Controller

Responsible for delivering GAAP financial reporting package to investors, partners, lenders and senior executives. The reports are at Owner, Joint Venture as well as REIT level. Oversee monthly and quarterly closing process; review and update workpapers; conduct variance analysis.
Manage capital project accounts, track capital expenditure. Determine maximum apartment renovation costs and the market rent after renovation. Calculate the timing and amount of MCI cost recovering, and calculate MCI rent increase for stabilized tenants.
Conduct financial analysis across company’s entire portfolios, including occupancy analysis, market-tenancy analysis, cash flow projection, and IRR analysis.
Participate due diligence process of new acquisition, which including financial analysis, underwrite modeling, property set up in MRI and Yardi accounting systems as well as preparing budget and drafting business plan.
Prepare and review annual budget and business plan, quarterly financial reforecasing and updating of business plan.
Coordinate annual audit process; review audit report and audit comments.
Supervise staffs of 10 property accountants, cash management, AP and AR. Set up monthly closing process. Create various template for recording financial information and for financial analysis. Review and correct staffs’ workpapers.
Requirements:
MUST have both Residential and Commercial LARGE NY Real Estate Company background
15 to 20 years experience
MRI Software and Yardi Software are both a plus