Controller - Commercial REIT - Virtual Company
Fairfield, NJ 07004
About the Job
Controller – Commercial REIT
Direct Hire – Hybrid Role
Starting base of $175k
Growing Commercial REIT looking for a Controller to assist with Budgeting, Forecasting, Investor Relations and Staff Mentorship
Responsibilities:
Plan and implement all accounting and reporting operations and financial management functions including audits of annual budgets and CAM reconciliations and monitoring of monthly revised budgets to monitor individual project cash flows.
Management of accounting staff.
Lead in the development and maintenance of the Firm’s accounting system and policies and implement a system of controls to minimize risk and increase efficiency.
Lead investor relations including investor communications, distributions and capital calls.
Complete complex 1031 exchange analysis for investors and internal stakeholders.
Administration and compliance of property Operating and Real Estate Management Agreements.
Correspond with company’s lenders and monitor debt covenants for the portfolio as well as preparation and review of quarterly bank covenant compliance documentation.
Preparation of semi-annual property value reforecasts.
Work with outside tax accountants.
Assist with asset management including sales, refinances, property insurance, cash flow, and scenario analysis.
Lead the Company’s risk management/insurance book including all property insurance and corporate-level insurance, including annual portfolio insurance renewals and ensuring new properties are properly insured.
Prepare annual tax packages for tax return preparation by an outside tax consultant
Qualifications:
Minimum 10 years of related work experience, preferably within commercial real estate.
Bachelor’s Degree with emphasis on accounting and finance.
CPA certification a plus.
Experience with Yardi.
Experience in commercial real estate accounting with a concentration in retail a plus.
Track-record of working as a true leader with the ability to communicate financial matters in an understandable format and make financial recommendations.
Ability to supervise and mentor staff.
Exceptional organization and attention to detail.
Deep knowledge of accounting principles.
Analytical skills, problem-solving and critical thinking skills.
Forward thinker that can develop plans for the department needs to keep up with company growth.
Considerable experience with property and corporate level insurance.
Experience with investor communications.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.