WS Development

Real Estate

PortfolioController

$145–215k ~AI est. Chestnut Hill, Massachusetts, United States FULL TIME
Market Sentiment
HIGH DEMAND

Neural analysis suggests this role is
optimal for Manager candidates.

The Brief

“Portfolio Controller at WS Development. Skills: Property accounting, Financial reporting, Team management. Direct property accounting functions. Establish accounting principles”

Industry & Context.

Real Estate
Problems you'll solve

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

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