What are the responsibilities and job description for the Corporate Controller position at Prime Group US?
Division: Prime General
Department: Accounting
Reports to: CEO
FLSA: Exempt
Job Summary: The Corporate Controller is accountable and responsible for providing direct support to the CEO in the development, implementation and compliance with the Company’s accounting policies, procedures and internal controls. This includes all reporting and compliance requirements of any and all entities. The Corporate Controller will direct the general operational accounting activities of the Holding company and all other assigned entities. This position is responsible for the day-to-day operation of the accounting function at Prime and its Accounting, AP, Procurement, Treasury and Asset Management teams. Responsibilities include treasury management, accounts payable, fixed assets, monthly GL close, balance sheet account reconciliations, intercompany transactions/reconciliations and any other general ledger activity ensuring data integrity and accuracy in the underlying system. The Corporate Controller will prepare monthly financial statements for all entities assigned as needed or requested
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Job Responsibilities: Including but not limited
- toSupervise Accounting Team, ensuring effective policies, procedures and internal controls are followe
- d.Oversee daily/monthly/quarterly/annual accounting function
- s.Control all balance sheet accounts on a GAAP and/or Tax basis of accountin
- g.Track all fixed assets and account for depreciation, acquisition and disposition of Fixed Asset
- s.Prepare all monthly and quarterly financial statement
- s.Test amortizations of all notes and mortgages payable. Properly record all related principle reductions and interest expens
- e.Properly recognize short and long term classifications of all notes and mortgages payabl
- e.Prepare reconciliations for all bank accounts and resolve all outstanding/in-transit items in a timely manne
- r.Process payroll for all companies including administration of all payroll tax return
- s.Properly record cash receipts for all entitie
- s.Reconcile all petty cash accounts monthl
- y.Prepare monthly rent billings in accordance with the active leas
- e.Reconcile all balance sheet accounts for all non-personal entities and resolve variance issues in timely manne
- r.Process all wire, ACH and bank transfers as requeste
- d.Record all inter-company activit
- y.Manage all credit card relationships with bank
- s.Periodically review policies and procedures, carry out appropriate training for accounting staff on changes made to policies and procedure
- s.Continuously perform duties and responsibilities assigned both permanently and temporarily (e.g. special projects
- ).Prepares accurate monthly/quarterly/annual reports for internal and external reporting (for investors, banks, and any compliance requirement) for assigned and/or special project entities and other entities as neede
- d.Review general ledger accounts and prepare correcting journal entrie
- s.Analysis of variances to budget with explanation of variance
- s.Communication with other entity analysts regarding transactions affecting their entitie
- s.Prepare annual budgets with accuracy and meet all associated deadlines for the entities assigne
- d.Preparation of ad hoc reports as requeste
- d.Supports the preparation of monthly cash forecast for internal reporting as neede
- d.Recording all Monthly Equity Pickups and Reconciliation of Investment GL accounts to Equity Account
- s.Review material account reconciliations monthl
- y.Become familiar with responsibilities and tasks of the team and ensure key tasks are cross-trained to other associates for back-up/coverag
- e.Supervise Accounting Team associates including regular one-on-one meetings and associate relations issues are documented and manage
- d.Monitor cash accounts and process transactions as requeste
- d.Prepare monthly cash, debt and investor capital call report
- s.Provide ad hoc reporting to senior management upon reques
- t.Prepares schedules and support annual external auditors during the examination proces
- s.Prepare assigned schedules in conjunction with annual review of consolidated financial statements and meet all associated deadline
- s.Raise and resolve questions regarding potential adjustments or unusual transactions prior to meetings to prevent surprises in reportin
- g.Strive to achieve that no material accounting adjustments are required post-closin
- g.Follows company Purpose, Promise, Path and Principle
- s.Provide leadership by modeling effective leadership skills, including: Maintaining a professional positive attitude, effectively mentor other associates ensuring their understanding of the process and task at hand, respecting all associates, challenging the process and leading change, inspiring a shared vision, modeling the way and enabling other
- s.Provide support to the entire Accounting Team by fostering an environment of teamwork. Honesty, Integrity and Professionalism at all time
s.Requirement
- s:Bachelor's degree in Accounting, Finance or Economics required. Masters degree in accounting preferre
- d.Must have CPA or working towards obtaining CP
- A.Minimum 5 years of accounting experience as an accounting manager, assistant controller or controller in the Real Estate Industry (Hospitality, Construction and Multifamil
- y)Must have a strong understanding of GAAP and US Income Taxe
- s.Professional maturity including ability to maintain a high level of confidentiality with sensitive informatio
- n.Thoughtful attention to detail and ability to effectively conduct self-reviews of wo
- rkFlexibility, self-motivated and desire to work in a fast-paced and evolving organizatio
- n.Management experience preferred with a track record for leading and developing team member
- s.High-degree of professionalism and ability to communicate with all levels of the organizatio
- n.Strong analytic and problem solving skill
- s.Intermediate to advanced knowledge of Excel (including pivot tables, lookup functions
- ).Advanced knowledge of Microsoft Office (emphasis on Excel & Access), Yardi & Sage 300 software experience require
- d.Real estate development industry experience a plu
- s.Excellent oral and written communication skill
s.
Thank you for expressing interest in employment with our organization. While only those candidates considered for the position will be contacted, your resume will remain on file for 90 da
ys.
Equal Opportunity Empl