Portfolio Controller

Portfolio Controller: Onsite in Columbia, Maryland (Confidential Search)
Position Title: Portfolio Controller - Property Management                                     

Position Summary:
Responsible for the integrity of financial information for a portfolio of properties in compliance with generally accepted accounting principles (GAAP), company policy and contractual arrangements. Ensure strong system of internal control in support of SOX 404. Possess the most detailed knowledge of the operating properties in order to address both managerial and financial concerns. Review monthly net operating incomes (NOI), monitor leasing activity, develop budgets and quarterly estimates, analyze variances and interface with property and asset managers to resolve NOI and accounts receivable (AR) issues, balance sheet reviews, bad debt reviews, adjustment billings, audit work paper preparation, question responses, change in billing rates and miscellaneous special projects as assigned. Provide guidance and supervision of at least 1 Project Accountant. (Portfolio size approximately 25 -35 buildings and/or 100 Leases.)

Location: Columbia, Maryland
Job Type: Full-Time.
Remote: No. Onsite in Columbia, Maryland.
Schedule: Monday-Friday (potential travel to portfolio locations as required).
Salary: Based on experience: $100,000.00 - $105,000.00. 
Benefits: Medical, Dental, Life Insurance, 401K and PTO.
Relocation: Not offered.
Sponsorship: Not available.
Travel: Occasional travel to portfolio locations will be required.

Required Qualifications:
Education - Bachelor Degree (or better) in Accounting required.
Certification(s) - Active CPA license
Professional Experience - Five to seven years of related accounting experience required, with at least 2 years property accounting experience preferred. 
Travel: Occasional travel to portfolio locations will be required.
 

Essential Functions:
* Maintain complete historical books and records for a portfolio of properties in compliance with reporting requirements. Ensure effective Internal controls are in place to identify discrepancies. Monitor property performance against expectations and correct financials as necessary. Provide decision support for property and asset management and serve as primary point of contact. Prepare management reporting of key operational statistics. Provide explanations for significant variances against budget, forecast or prior years’ results as required. Prepare audit work papers as assigned.
* Review lease requests, executed documents and lease abstracts to identify accounting issues and resolution; review credit and tenant improvement (TI) obligations. Review calculations of straight line rent. Review revenues and operating expense adjustments for reasonableness and collectability based on a working knowledge of leases and tenants within your portfolio. Interpret leases for documentation of accounting position. Propose adjustments for bad debt review. Participate in Annual Expense true-up process to ensure accurate billings or refunds to tenants in accordance with the lease requirements.
* Responsible for the preparation and monitoring of budgeting and re-forecasting activities for all components of NOI and regular capital expenditures. Meet regularly with Property Management to go through financial results and make updates to the 24 month rolling Forecast. Provide variance analysis of Forecasts to Budget and Budget to Prior year results or forecast as required.
* Monitor receivables, obligations and risks for properties. Ensure that balance sheet accounts are regularly reviewed, evaluated for propriety and reconciled to supporting documentation. Coordinate with other departments for understanding of and resolution for items reflected in the financial statements but not handled by operations.

Secondary Responsibilities:
• People Management. In partnership and working closely with one up manager in collaboration of managerial responsibilities may be, responsible for staff management including recruiting/hiring, supervision, recognition, salary administration, and performance appraisals. Trains staff to ensure high skill levels and technical competence. Partners with Human Resources on employee development and planning initiatives. Responsible for the continued awareness of our company's core values .
• Participate in the due diligence process for acquisitions, dispositions or financings which requires an intense effort in a compressed timeframe.
• Understand and maintain the internal controls and policies of our company. Communicate any deficiencies in controls to Supervisor.
• Support the Corporate Accounting team with respect to lender reporting and the JV Accounting team with respect to partner reporting. Demonstrate a working knowledge of all related agreements.
• Perform other job-related duties as assigned.

QUALIFICATIONS:

Education - Bachelor Degree in Accounting or related discipline required.

Further Training - CPA. 

Professional Experience - Five to seven years of related accounting experience required, with at least 2 years property accounting experience preferred. 

Computer Skills - 

• PC proficiency using Microsoft Office applications (Word, Excel, Outlook, etc.) and ability to learn company specific software.
• Ability to adapt to new or changing software programs.
• Familiarity with accounting systems such as Yardi required.

Mobility - Occasional travel to portfolio locations. 

Other Requirements - 

• Strong analytical, technical, interpersonal and communication skills required.
• Demonstrated ability to comprehend multiple and complex business transactions and documents.
• Some experience in budgeting, forecasting and proforma preparation and analysis required.
• Must have strong problem-solving skills.
• Must possess solutions-based approach to identified areas of opportunity.
• Able to work independently.
• Working knowledge of GAAP and Sarbanes Oxley.
• Demonstrated Leadership Ability.

This job description does not reflect or imply that these are the only duties to be performed by the employee(s) in this position. Employee(s) will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.

This description excludes marginal functions of the position that are incidental to the performance of fundamental job duties. All duties and responsibilities are essential job functions and requirements subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbent(s) will possess the skills, aptitudes, and abilities to perform each duty proficiently. The requirements listed in this document are the minimum levels of knowledge, skills and abilities.

We are an equal opportunity employer:
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. 

Pay Details: $100,000.00 to $105,000.00 per year

Equal Opportunity Employer/Veterans/Disabled

Military connected talent encouraged to apply

To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.adecco.com/en-us/candidate-privacy

The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:

• The California Fair Chance Act
• Los Angeles City Fair Chance Ordinance
• Los Angeles County Fair Chance Ordinance for Employers
• San Francisco Fair Chance Ordinance

Massachusetts Candidates Only: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.