Assistant Controller Jobs

Position Summary: Responsible for managing the daily operations of a portfolio of Accounting Supervisor/Managers, which includes the development, training and mentoring of those applicable supervisor/managers and applicable staff, the assurance that departmental procedures are consistently applied across the portfolio, the monitoring of monthly financial statements to ensure they properly reflect the financial results of the properties, and the review of annual tax returns and audit reports for those properties. Ultimately responsible for ensuring that the financial statements are properly stated, including balance sheet, income statement, statement of cash flows, and statement of

capital.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Provide supervision, training and mentoring to the Accounting Managers and Accounting

Supervisors, including training in the proper application of accounting guidelines for real estate

companies, training in the application of company specific policies and procedures, periodic review

of staff performance and issues, and review and preparation of annual reviews.

• Monitor accounting processes and procedures to improve accuracy and efficiency and achieve

departmental objectives.

• Provide oversite of the monthly Accounting Workflow, including the weekly AP process, to ensure

that financial statements are being completed on time and with the proper review and approval, and

to ensure that payables are being processed on a weekly basis for each property in the portfolio.

• Perform top-level review of monthly financial statements prepared by the accountants to ensure

they are properly stated in accordance with GAAP or another accounting method chosen by the owners.

• Ensure monthly, quarterly and annual financial reporting to owners, partners and lenders are

timely and in compliance with Management Agreements and Loan Agreements.

Organizational Responsibilities:

• Follows established policies and procedures by monitoring and ensuring compliance with regulatory requirements, organizational standards, and operational processes related to area(s) of responsibility and reporting violations or infractions to appropriate individual(s)
• Keeps abreast of current changes in technology, leasing and sales tools, processes, and standards within the industry and area(s) of responsibility by attending internal and external training programs and by accessing other sources of information, and applies knowledge and practices to area(s) of responsibility.
• Practices proper safety techniques in accordance with Company, property, and departmental policies, procedures, and standards by immediately reporting any mechanical or electrical equipment malfunctions, employee/visitor/resident injuries or accidents, or other safety issues to appropriate individual(s)
• Ensure owner / partner distributions are properly calculated and disbursed in accordance with owners’ instructions.
• Identifies areas for improvement and offers suggestions to improve the property's efficiency, profitability, and productivity

Ensure owner / partner distributions are properly calculated and disbursed in

accordance with owners’ instructions.

• Ensure owner / partner distributions are properly calculated and disbursed in accordance with owners’ instructions.
• Monitor available cash balances and transactions to ensure sufficient cash is available to meet

obligations.

• Ensure construction, renovation and replacement reserve draws are being prepared and processed

on a timely basis. Monitor the receipt of funds.

• Provide guidance during the closing process for the sale of properties, including the

calculation of prorations, the tie-out of loan payoff statements, the calculation of cash available

for distribution, and the review / recording of the closing statements.

• Assist with Chart of Account mapping for new equity partners and 3rd party owners, and the

building of custom account trees to ensure customized reporting will meet the unique needs of

partners and owners.

• Ensure the Yardi Fixed Asset Module is property maintained for all RangeWater owned properties

including the upload of fixed asset additions and assignment to the proper depreciation category,

the calculation of monthly depreciation expense, and the posting of the depreciation entries. On a

quarterly basis, review the reconciliation of the Fixed Asset Module to the General Ledger.

• Ensure quarterly financial workbooks are properly maintained for Venture level entities and

ensure that partner capital accounts are properly stated.

• Serve as secondary liaison with audit and tax firms. Assist in ensuring that audit and tax

workpaper files are properly prepared for preliminary and year-end field work, including requested

supporting documentation. Assist in the review of draft financial statements and tax returns.

• Support the Controller and Senior Director of Accounting in the development and execution of

projects as needed.

• Must be able to meet predictable attendance and punctuality expectations and physical demands of

the position complying with RangeWater’s policies and performance expectations.

Work Hours (may vary by state or location):

Company hours of operation are 8:00am-5:00pm Monday through Friday. Exempt employees are expected to adhere to the standard workweek schedule and work any hours necessary to perform the duties of the job. Must be able to perform the essential job functions unaccompanied.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience:

Bachelor or Master’s Degree in accounting is required. 5+ years work experience including 2+ year’s public accounting experience. Real Estate industry experience preferred.

Language Ability:

Demonstrated ability to read, write, and communicate effectively and professionally. Able to write routine reports and correspondence.

Math Ability:

Demonstrated mathematical skills necessary to add, subtract, multiply, and divide numbers, decimals, and fractions, and calculate percentages in order to complete financial records, and other fiscal reporting information.

Reasoning Ability:

Highly organized in work with ability to manage information and prioritize tasks to meet assigned deadlines. Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations. Demonstrates the ability to understand complex accounting transactions, record them appropriately, and clarify the details to supervisors and/or clients in written or verbal communications.

Computer Skills:

Demonstrated proficiency in word processing (MS Word), spreadsheet management programs (MS Excel), and proficiency in QuickBooks and other financial planning software. Familiarity with real estate specific accounting software is a plus.

Certificates and Licenses:

Current valid driver’s license is required. CPA license preferred.

Supervisory Responsibilities:

Proven skills sufficient to hire, lead, direct, evaluate, and manage subordinates and team members, including specialists is required. Responsible for managing the Corporate Accounting Manager and assigned Corporate accounting staff.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Incumbent works in an office environment, but could have exposure to outside elements where temperature, weather, odors, and/or landscape may be unpleasant and/or hazardous. This role routinely uses standard office equipment such as computers, phones, copiers, scanners, fax machines, and filing cabinets.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to use hands to finger, type, handle, or feel and talk or hear. The employee is frequently required to stand; walk; reach with hands and arms, and climb, stoop, or squat. The employee is often required to sit. Incumbent must be able to physically access all exterior and interior parts of the property and amenities. Must be able to operate golf carts at properties with golf carts, walk extended distances and navigate stairs to multiple levels daily.

Incumbent must be able to push, pull, lift, carry, or maneuver weights of up to twenty (20) pounds independently and fifty (50) pounds with assistance. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Routine, local travel may be required to attend training classes, make bank deposits, or other situations necessary for the accomplishment of some or all of the daily responsibilities of this position.

Non-routine, overnight travel may be required to attend company functions, training, property visits, and other situations necessary for the accomplishment of special projects that may be assigned from time to time.

Rangewater is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.