WS Development
Real Estate
PortfolioController
Neural analysis suggests this role is
optimal for Manager candidates.
“Portfolio Controller at WS Development. Skills: Property accounting, Financial reporting, Team management. Direct property accounting functions. Establish accounting principles”
Industry & Context.
Analytical skills; Quantitative skills
What They're Looking For.
Must Have
5+ years of accounting experience, Bachelor's degree in accounting, Prior management experience, Proficiency in GAAP
Nice to Have
Preferably in commercial real estate, Prior experience in public accounting, CPA designation, Advanced Excel skills including the knowledge of Spreadsheet Server
What You'll Do.
Direct property accounting functions
Establish accounting principles
Maintain accounting practices
Maintain accounting procedures
Review financial reports
Make recommendations to executives
Review compliance reports
Supervise audit requirements
Coordinate audit requirements
Supervise reporting requirements
Coordinate reporting requirements
Direct cash management
Ensure strategic distributions
Determine capital calls
Review debt compliance
Oversee portfolio of properties
Supervise Senior Managers
Supervise Senior Property Accountants
Supervise Property Accountants
Retain high performing staff
Work with Investment Managers
Oversee monthly closings
Oversee quarterly closings
Oversee year end closings
Ensure accounting systems follow standards
Ensure process controls follow standards
Propose enhancements to controls
Review annual operating expenses
Manage tenant billings
Ensure tenant billings are accurate
Ensure tenant billings are timely
Produce Audited Financials
Provide audit support
Provide financial inquiry support
Review loan agreement compliance
Review debt covenant compliance
Review debt yield tests
Review debt service coverage tests
Oversee cash management
Manage investment of excess cash
Lead efficiency projects
Build out new processes
How You'll Work.
Team & Collaboration
Work with Investment Managers; Cross functional team members; Independent CPA firm; Investment teams; Senior leadership
Communication Scope
Presentation skills
Full Job Description
**Overview** Responsible for directing the company’s property accounting functions including establishing and maintaining accounting principles, practices, procedures, initiatives and industry best practices. Review financial reports, presents findings and makes recommendations to the company executives. Review and analysis of tax returns and compliance reports. Supervise and coordinate all audit and reporting requirements. Responsible for reviewing all budgeting and reforecasting for a portfolio of properties. Directs cash management at each property to ensure that distributions are made strategically based on what is happening at each property and determining when capital calls are needed. Responsible for review of debt compliance in accordance with loan documents. Supervise and mentor staff. Provide ongoing feedback to ensure all associates have a clear understanding of performance. **What to Expect** * Oversee a portfolio of properties, directly supervising Senior Managers, Managers, Senior Property Accountants and Property Accountants. Ability to manage a large team of direct reports. Supervision of staff and mentoring are key to this role. It is critical to retain highly performing staff to ensure that the department functions at its highest level. * Work directly with Investment Managers, who oversee all aspects of properties, on asset health, investor and lender reporting and analysis, and providing data and insight over day-to-day operating decisions. * Oversee, monthly, quarterly and year end closings for properties in accordance with GAAP, tax basis and cash basis accounting procedures. * Ensures accounting systems and process controls are following company standards and best practices. Propose enhancements to controls where needed. * Review and analysis of annual operating expenses. * Responsible for managing and ensuring that all tenant billings including CAM, RE Tax, and general billback are performed accurately and timely. * Review and analysis of bud
Applying for this Portfolio Controller role?
Most applicants get filtered before a human reads their resume. See if yours makes the cut.
ANONYMOUS · UNFILTERED
What do employees actually say about WS Development?
Real rants from real employees. Read before you apply.