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Senior Controller/CFO

Company is confidential
Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Fort Lee
 NJ
Postal Code
07605
Country
United States

This job is no longer active.

Description


Position

Senior Controller/CFO

Company

Confidential Client

Location

Fort Lee, NJ

Reporting Relationship

President

 

Company Background

 

The Family’s real estate business was founded in the 1920’s. The Family’s portfolio of properties, which has evolved significantly over the years, is owned primarily by the children and grandchildren of the founder with some of the properties partly owned by outside investors.  The Real Estate and the associated LLC ownership entities are primarily managed by the family property management company, based in Fort Lee, NJ, where the central administrative staff is located. 

Today, the real estate portfolio is comprised primarily of 1,000 units of multi-family rental real estate located in New York and New Jersey, as well as a commercial property in New York City. In aggregate, this real estate business generates about $20 million per year in revenues.

The owners have a long-term perspective and desire to grow their profitable business over time.

 

Key Responsibilities

 

The Senior Controller/CFO will manage the accounting, financial analysis and administration for a portfolio of real estate in New Jersey and New York, and will direct a small headquarters office team and support the President in the management of the day-to-day operations of the business.

Additional Responsibilities

  • Manage a small headquarters team of accounting and administrative professionals and coordinate with field personnel at the properties.
  • Keep accurate and detailed financial records for a portfolio of approximately 25 income-producing properties with differing ownership structures.
  • Oversee A/R, A/P and cash management for each property / entity.  Ensure that effective control systems are in place.
  • Produce monthly, quarterly and annual financial statements for each entity.
  • Help prepare regular communications to investors and lenders.
  • Interface with outside accounting firm/auditors on tax returns and tax analyses.
  • Analyze financial results to identify issues and opportunities. 
  • Identify and help research cost savings and process improvement opportunities.
  • Prepare budgets and requested financial analyses.
  • Develop financial projections for capital investments under consideration.
  • Manage the Company’s human resources processes and insurance renewals.
  • Direct outside professionals in appealing property tax levels, as appropriate.
  • Support the President in managing the day-to-day operations of the Company.

 

Professional Experience/Qualifications

 

We are seeking an experienced financial professional to manage the accounting, financial analysis and administration for a real estate management company focused primarily on multifamily apartment assets.

 

Additional key aspects of the role are follows:

  • Proven experience, with 10+ years of real estate accounting / financial management experience
  • Skilled with GAAP and tax accounting; CPA is a plus but not required
  • Strong analytical skills and experience with cash flow projections
  • Capable self-starter with an ability to operate successfully in a less structured environment
  • High standards of personal integrity and respect for the individual
  • Demonstrated experience building and managing high performing teams
  • Experience working with Real Estate Accounting software esp. Yardi
  • Experience and knowledge of Human Resource practices – processes, procedures
  • Strong written and verbal communication skills
  • Experience with income-producing real estate a plus

 

Education

 

A BA/BS Degree with a concentration in Accounting or other business discipline is preferred. Master’s or MBA is a plus.

 

Compensation

 

Our client is prepared to offer a market-competitive compensation package consisting of an attractive base salary with an opportunity to earn a performance bonus.

 

Job Sector


Not specified

 

Experience


10+ to 15 years


This job is no longer active.

Accounting / Control Fort Lee Full Time NJ Accounting / Control, Finance DIRECTOR OF ACCOUNTING & OPERATIONS other