Job Information
Maloney Properties, Inc. Assistant Controller in Wellesley, United States
Maloney Properties accounting department is looking for a highly motivated and analytical individual with real estate accounting experience for the assistant controller position. The successful individual will also have a strong desire to be part of a true, diverse team and to work in an environment that fosters learning through interaction with other property management professionals in a stable and growing company. Possibility to work fully remote after the first 3 months.
Responsibilities include, but are not limited to:
Lead, instruct and supervise three to five Property Accountants,
Assist Property Accountants and Regional Managers with weekly cash management.
Prepare or review monthly, quarterly, and annual property reports to ensure their timely submissions.
Monitor properties monthly financial performance and manage residual receipt requirements with Regional Manager in accordance with the regulatory agreements.
Prepare breakeven calculations, cash flow analysis and other analytical reports as necessary.
Work with Controller and accounting firms to schedule audit package submissions and field work dates.
Review properties’ year end work papers as well as interact with auditors, property managers and regional managers to address open items.
Work with accounting firms to achieve the timely completion of audits as stipulated in the governing documents.
Review governing documents and prepare year end distribution calculations accordingly for controller’s review as well as overseeing the actual disbursements.
Work with the Construction Coordinator to track project progress, completion status and prepare payment applications.
Work with Project Coordinator and Property Accountant to schedule vendor payments if applicable.
Work with Property Accountant to issue the Contracting Service Department monthly financial statements including projects Status report and submit to CFO.
Other duties as assigned by a supervisor.
Working knowledge of at least five years’ experience with accounting for subsidized housing. Public Accounting experience is preferrable.
Experience supervising accounting staff.
Advanced MS Excel skills.
Knowledge of Yardi is beneficial.
Knowledge of HUD regulations as it applies to financial reporting.
Good written and verbal communication skills are necessary for interaction with clients, banks and State, Federal and City Regulatory agencies.