What are the responsibilities and job description for the Corporate Controller position at The Hiring Advisors?
Title: Corporate Controller
Location: Los Angeles, CA 91324
Industry: Real Estate Development
Compensation: $185,000 - $225,000 base performance-based incentives
If interested, please email your updated resume to pj@thehiringadvisors.com - Subject: Controller - Real Estate Development
About the Opportunity:
Our client is a vertically integrated real estate development firm with a strong track record and a healthy pipeline of active and upcoming projects and developments under contract. The company provides a full suite of offerings, including construction, property management, and development operations entirely in-house, specializing in multifamily, commercial, mixed-use, and industrial developments. Recognized for its contrarian investment strategy, the firm consistently pursues high-potential opportunities often overlooked by others.
If this sounds like a situation you would be interested in pursuing, please reach out.
Position Summary
The Controller will be a key leader in the organization, responsible for overseeing all accounting functions for the real estate development entity, corporate entities, and a portfolio of owned and managed properties. This role requires a strong technical accounting background, expert knowledge of property management accounting (including development/construction), and proven experience managing the monthly close, financial reporting, and the General Ledger to ensure accuracy, compliance, and timely financial information for management and investors.
Essential Duties and Responsibilities
- Manage and oversee all general ledger activity, including chart of accounts maintenance, journal entries, and reconciliation processes for corporate and property entities.
- Ensure accurate, timely, and compliant monthly, quarterly, and annual financial statements in accordance with GAAP (or other required basis).
- Coordinate and manage the monthly and year-end financial close process for all entities, including review of closing packages and supporting schedules.
- Perform detailed financial analysis of variances (budget vs. actual) and provide clear explanations to management and property teams.
- Oversee treasury management, including monitoring daily cash balances, managing bank reconciliations, and executing funding requests/distributions.
- Direct all property-level accounting, including A/R, A/P, lease administration, and rent roll integrity.
- Manage the annual budget and reforecast process for the property portfolio, working closely with Property Managers and Asset Managers.
- Oversee and review Common Area Maintenance (CAM), Real Estate Tax, and operating expense reconciliations and billings for commercial properties.
- Ensure accurate recording of lease transactions, including straight-line rent calculations and ASC 842 compliance.
- Manage the accounting for capital expenditures, fixed assets, and depreciation/amortization.
Team Leadership and Process Improvement
- Supervise, mentor, and lead the accounting team (e.g., Property Accountants, Accounts Payable staff).
- Drive process efficiencies and improvements in accounting systems and workflows, particularly within the property management software (e.g., Yardi, MRI).
- Collaborate effectively with other departments, including Asset Management, Property Management, and Development.
Qualifications
- Experience: Minimum of [5-10] years of progressive accounting experience, with at least [3-5] years in a Controller or Senior Accounting Manager role within the commercial or multifamily real estate industry.
- Real Estate Expertise: Deep understanding of real estate property management and development accounting principles, including General Ledger, CAM reconciliations, and job costing.
- Technical Skills: Expert proficiency in real estate specific accounting software (e.g., Yardi, MRI, Timberline, or similar) and advanced Microsoft Excel skills.
If interested, please email your updated resume to pj@thehiringadvisors.com - Subject: Controller - Real Estate Development
Salary : $185,000 - $225,000