Assistant Property Controller

Assistant Property Controller

Company: Gumberg Asset Management Corp

Location: Fort Lauderdale, FL (On-site)

Job Type: Full-time

About Us

Gumberg Asset Management Corp is a full-service commercial real estate organization specializing in shopping center management and leasing for a small portfolio of properties in South Florida.

Position Summary

We are seeking a detail-oriented, and experienced Assistant Property Controller to join our accounting team. This critical role will work directly alongside the Property Controller to be hands on with day to day functions as well as oversee the financial operations, reporting, and internal controls for assigned shopping centers. This is a close-knit team environment requiring cooperation and hands on ability.

Important Requirement: This position strictly requires specialized accounting experience within the commercial shopping center and retail real estate industry. Candidates without a background in retail property accounting (including CAM reconciliations and retail lease structures) will NOT be considered.

Key Responsibilities

• Financial Reporting & Management: Assist in the preparation, review, and analysis of comprehensive monthly, quarterly, and annual financial statements for individual retail properties.
• Lease Analysis: Read, analyze, and abstract commercial tenant leases, and efficiently input this leasing data into the shopping center's property management and accounting software.
• Lease Administration Accounting: Review and audit tenant ledger accounts, percentage rent calculations, and base rent schedules to ensure strict compliance with executed retail lease agreements.
• Retail Billing & Reconciliations: Prepare complex calculations and seasonal reconciliations of Common Area Maintenance (CAM), real estate taxes, and insurance.
• Budgeting & Forecasting: Collaborate with property management to develop detailed annual operating budgets, capital expenditure plans, and monthly cash flow forecasts.
• Accounts Receivable/Payable Responsibilities: Monitor and be directly involved with tenant collections. Review property-level expenditures to ensure proper coding and adherence to budgetary limits and process accounts payable as needed.
• Internal Controls: Maintain and reinforce strong internal accounting controls, ensuring compliance with company financial policies.

Qualifications & Skills

• Education: Bachelor’s degree in Accounting or Finance is preferred.
• Experience: A minimum of 1-2 years focused specifically on shopping center or retail property accounting is required with other accounting experience a plus.
• Industry Knowledge: Deep understanding of commercial retail real estate concepts, including triple-net (NNN) leases, gross leases, percentage rent, and sophisticated CAM methodologies.
• Software Proficiency: Advanced proficiency in industry-standard commercial real estate accounting software (such as Yardi Voyage, MRI, or RealPage with Skyline specific experience highly desirable); and must have high-level Excel skills.
• Communication: Excellent written and verbal communication skills.

Benefits

• Competitive salary commensurate with experience. Range: $75,000-$90,000
• Comprehensive health, dental, and vision insurance plans.
• 401(k) retirement plan with company match.
• Paid time off (PTO) and observed holidays.