Controller in Culver City Office in Culver City, CA at Vaco

Date Posted: 11/10/2021

Job Snapshot

  • Employee Type:
    Full-Time
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    11/10/2021
  • Job ID:
    CONTR67350

Job Description

This is diversified real estate development and management group of companies and partnerships in Culver City is looking for a Controller who's worked their way up in property accounting OR with Big 4 experience. Its focus is to expand its portfolio of proven and well-located properties including multi-family, industrial, retail, commercial, for-sale and congregate care through acquisition and development while providing stable cash flow to its partners and outside investors. 2 days work from home and 3 days in office

Job Summary

The Controller will be primarily responsible for leadership and coordination of financial reporting, record keeping, and operational accounting to ensure continued and improved financial performance of the corporate entities and properties under management. He/she will ensure suitable processes and procedures are in place to produce accurate and timely reporting which conforms to generally accepted accounting principles or applicable reporting requirements.

Essential Functions

  • Planning, directing, and coordinating all accounting operational functions, including: Property Accounting, Accounts Payable, and Accounts Receivable,
  • Assist in establishing companywide departmental goals, objectives, policies, and operating procedures including new processes and improvement of existing process to achieve companywide initiatives,
  • Oversee and/or assist in the implementation and recommendation of financial systems especially those systems which interface into all aspects of the ERP (RealPage) system and financial reporting, and
  • Manage special projects, including preparation, documentation, and project management for senior executive management, ownership and outside partners.

Property Accounting

  • Oversee production of accurate monthly, quarterly, and annual financial statements with footnotes for significant actual to budget and year over year variances,
  • Develop, oversee, and review month end and year end close processes for the business segments (affordable, conventional, commercial, and corporate),
  • Analyze and document portfolio level variances and trends for Management Discussion and Analysis reporting,
  • Manage Accounting budget preparation, including review over manual adjustments made to trend and portfolio level adjustments and corresponding notes, and
  • Oversee the preparation of audit and tax year end packages, including scheduling and coordination with the internal Tax Department and outside CPA firm(s).

Accounts Payable

  • Oversee complete and timely payment of vendor invoices, including the completion of three-way match of Purchase Orders, Receipts of Goods and Services, and Invoices,
  • Oversee accurate coding of AP Invoices for appropriate classification, including ensuring accurate Project Code is assigned for Capital Expenditure (CAPEX) projects, and
  • Oversee the vendor compliance process, including management of Compliance Depot vendor credentialing.

Accounts Receivable

  • Oversee timely posting and application of payments, including tenant, subsidy, commercial and miscellaneous,
  • Interface with operational teams to ensure the timely completion of annual recertifications and the processing of gross rent increases and notices,
  • Develop and oversee production of complete and accurate reporting of receivables across the business lines, and
  • Ensure bank discrepancies are identified and resolved in the bank reconciliation process.

This job description should not be interpreted as all inclusive. It is intended to identify the essential functions and requirements of this position. The incumbent may be requested to perform job-related responsibilities and tasks other than those stated in this job description.

Additional Functions

  • Recruit, train, mentor/develop, and evaluate department staff
  • Provide accounting policy, process or procedural guidance

Knowledge, Skills and Abilities

  • Strong sense of accountability with a willingness to commit to and complete what is required,
  • The highest level of ethics, discipline, integrity, sense of teamwork, professionalism, and a keen work ethic,
  • Basic understanding of management agreements and loan documentation,
  • Advanced knowledge of Word and PowerPoint,
  • Well-developed understanding of accounting systems to produce financial reporting and ability to work in a changing environment, and
  • Property management accounting and/or RealPage/Intacct accounting system experience preferred.

Minimum Qualifications Required

  • Bachelor's degree in accounting, finance, or related degree required.
  • Advanced degree and/or CPA preferred.
  • Must have 10 years of experience in accounting, preferably with 5 years' experience in a mid to senior level management position.
  • Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles.
  • Must have a STRONG background in using Excel with a preference for advanced skills.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand, walk, use hands to finger, handle or feel, and reach with hands and arms.

Working Conditions

This position operates in an office setting and in a professional office environment. This is a full-time position and may require business travel.