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Clark Davis Associates

assistant controller

Parsippany-Troy Hills, NJ, US · On-site · Full-time

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About the role

GAAP
Growing Commercial/Residential Real Estate company is looking for a young and talented Assistant Controller.  - Supervise and train senior property accountants - Review monthly GL close and internal/external reporting ensuring all financial reports are prepared accurately and on a timely basis - Review property cash flow - coordinate both distributions to partners and/or capital calls issued to partners as needed - Review year-end CAM escalations, real estate tax escalations and other recovery calculations - Assist with creating financial models for the acquisition, development and divestiture of institutional sized real estate transactions - Interface with independent auditors and tax preparers in the preparation of annual audits and tax returns for multi-tier partnership structures - Review and analyze property operating budgets for timely distribution to senior management, partners and /or lenders - Review complex joint venture agreements and prepare abstracts related to capital distributions/capital calls and allocation on profit and loss both for tax and GAAP - Review loan agreements and oversee compliance with payment terms and debt covenants - Review construction draw requests and interface with respective lenders and institutional investors - Review construction budgets for development and tenant improvement projects and analyze actual to budget variances. Review and estimated costs to complete the construction projects on a monthly basis. - Ensure compliance with cost control procedures for purchasing goods and services - Special projects as needed - A bachelors degree in accounting with a minimum of 7-10 years of progressive accounting experience - Real estate industry experience preferred - 5 years supervisory experience - The ability to work efficiently and effectively to meet deadlines and work with multiple departments/managers and assignments simultaneously - Excellent analytical, communication and interpersonal skills 140k plus bonus