Real Estate Financial Controller

Summary

Join 52TEN, a fast-growing private investment firm, as their Financial Controller and lead their month and year-end close process for 30+ sets of books. You will oversee financial operations, investor distributions, and payroll while driving efficiency and compliance. This leadership role offers unlimited PTO, a fully remote work environment, and the opportunity to directly influence strategic decisions. As a member of the leadership team, you will enjoy a supportive and collaborative work culture. The position requires extensive experience in accounting and financial management within property management or real estate, along with strong leadership and communication skills.

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field
• 10+ years of progressive experience in accounting or financial management within property management or real estate
• Strong knowledge of GAAP and financial reporting standards
• Proficiency with property management accounting software, preferably Rent Manager
• Advanced skills in Microsoft Excel and other financial analysis tools
• Exceptional attention to detail, analytical skills, and problem-solving abilities
• Strong communication and interpersonal skills with the ability to collaborate across departments
• Experience managing and mentoring accounting teams
• Property management and real estate background is a MUST

Responsibilities

• Own the month and year-end close with 30+ sets of books to GAAP standards and 100% accuracy
• Execute investor distributions and payroll with 100% accuracy
• Drive efficiency, compliance, and team growth
• Onboard properties
• Forecast cash flow (±5%)
• Lead the EOS process
• Be an incredible leadership team member
• Oversee, delegate, and complete the month-end close process within 10 business days, ensuring 100% financial accuracy and compliance with GAAP
• Submit financial information to CPA (by Jan 15 for property-level entities, Feb 1 for fund-level entities) and ensure all firm taxes and 300 investor K1s are completed by March 15
• Improve AP, AR, month-end close, and reconciliations to ensure scalable, repeatable, and audit-ready processes
• Complete quarterly distributions with Red Cedar within the outlined deadlines (Q1-Q3: 31 days after quarter-end, Q4: 15 days after quarter-end) with 100% accuracy
• Provide at least 5 hours of training and development per month to enhance team knowledge and skills
• Set and monitor controls to ensure financial accuracy, reliability, integrity, and 0% fraud companywide
• Continuously improve accounting operations, focusing on accuracy, cost, and compliance
• Reduce Q2 AP invoice processing time by 10%
• Improve financial accuracy to 100%
• Complete all opening entries, cost segregation studies, entity/software setups, utilities, property taxes, and compliance within 3 weeks of COE
• Forecast cash flow and finalize annual budgets by 11/15, ensuring weekly cash flow forecasting accuracy within a 5% variance
• Implement EOS at the finance team level (annual/quarterly/weekly)
• Articulate finance strategies to leadership
• Set team scorecards/goals
• Ensure biweekly payroll is processed on time with 100% accuracy, meeting state compliance, inter-company reimbursement, and adjustment confirmations
• Oversee all daily accounting operations, including accounts payable/receivable, general ledger, and bank reconciliations
• Individual property accounting, accounts receivables, tenant ledger maintenance, and property-related expenses
• Maintain accurate and timely financial reporting in compliance with GAAP
• Prepare and analyze monthly, quarterly, and annual financial statements
• Oversee quarterly distributions
• Collaborate and oversee finance team’s processes for acquisitions and dispositions
• Assist with the management of property assets
• Manage budgets in collaboration with department heads and property managers
• Monitor financial performance, identify variances, and recommend corrective actions
• Manage cash flow to ensure adequate funding for operations and investments
• Ensure compliance with all financial regulations, including tax filings and audits
• Develop, implement, and monitor internal controls to safeguard company assets
• Liaise with external auditors, tax professionals, and regulatory agencies
• Lead and mentor the accounting team, providing training and professional development opportunities
• Foster a collaborative and high-performance culture within the finance department
• Evaluate and enhance accounting systems, tools, and workflows to improve efficiency
• Oversee integration of property management and accounting systems

Preferred Qualifications

• Familiarity with real estate transactions, leases, and property-level financials
• Experience with corporate apartments or manufactured housing
• Experience in process improvement and system integrations
• Knowledge of tax regulations related to real estate and property management

Benefits

• Fully remote work environment
• Unlimited PTO (That You’re Encouraged to Take)
• A Seat at the Table (leadership team perks)
• Training and development opportunities