Assistant Controller – Property Operations

  • Bellwether Housing
  • Remote during COVID-19
  • Sep 08, 2020
Full time Accounting

Job Description

The Assistant Controller – Property Operations works under the guidance of the Controller in preparing and reporting financial statements in accordance with Generally Accepted Accounting Principles and regulatory requirements. The primary function of this position is to ensure timely and accurate publication of financial statements for properties, management, and stakeholders. The Assistant Controller will provide overall supervision for accounts receivable, accounts payable, payroll, and general ledger related to real estate transactions. Lastly, this position implements best practices to optimize operations and support Bellwether Housing’s mission. 

Position Responsibilities:

Exercise direct oversight for all real estate and building portfolio activity as follows:

• Manage the month-end close for all buildings and development project accounts

• Manage quarterly reconciliations of key general ledger accounts, including maintenance of roll-forwards, major accounting cycles, and journal entry review

• Prevent inaccuracies in financial statements by:

o Maintaining a system of internal controls

o Performing periodic reviews of financial data to ensure completeness and accuracy

• In coordination with the Financial Planning and Analysis Group:

o Address all financial statement variances and discrepancies with timely resolution

o Prepare and deliver the financial reporting package for Controller and CFO review; ensure reports are accurate, complete, and prepared on schedule

• Supervise employees and the day-to-day operation of the following functions:

o Accounts receivable

o Accounts payable

o Payroll 

o Cash management

o General ledger

• Implement best practices, routinely assess accounting systems and procedures, and make recommendations for process improvements to the Controller

• Serve as point of contact for annual audit preparation: 

o Limited partnerships, A-133 (or HUD), and wholly owned buildings (non-profit audit)

• Assist the Controller with annual tax returns and regulatory reporting:

o Forms 1069 Limited Partnerships

o Forms 8609 – Tax Credit Allocations

• Work collaboratively with Asset Management, Project Accounting, and Real Estate Development and coordinate the following:

o Onboarding of building acquisitions

o Transition of construction in process projects to placed in-service status

o Closing process on acquisitions and construction loans 

o Reconciliation and review of Cost Certification Reports

• Periodically perform ad-hoc research and analysis of certain accounts

• Other duties as assigned


Minimum Requirements:

• Bachelor’s Degree in Accounting

• 7+ years of progressive accounting experience and financial statement preparation

• 2+ years in a supervisory role, with experience training junior staff

• Industry experience with Tax Credit Partnerships and real estate accounting

• Demonstrated experience developing budgets, forecasts, and complex financial analyses

• Experience with financial reporting software

• Experience with interpretation and application of Generally Accepted Accounting Principles 

• Proficiency in MS Office Suite, including the ability to develop advanced spreadsheets, manage databases, and produce meaningful charts and graphs within Excel

• Proven ability to organize and prioritize multiple projects

• Excellent independent analytical, problem solving, and decision-making skills

• Effective verbal and written communication and relationship building skills 

• Ability to collaborate with team members, stakeholders, and government agencies

Desired Qualifications:

• Certified Public Accountant

• Public Accounting experience (auditing) –3+ years’ experience

• Experience with Yardi Voyager ERP system

• Project management experience

• Experience working with a diverse group

Other Position Requirements:

• A personal vehicle is not a requirement of this position. However, if using a personal or company-owned vehicle in the performance of job duties associated with this position, incumbent must possess and maintain a valid Washington State Driver’s License, the appropriate amount of automobile insurance, and a safe driving record.

• Candidates selected for this position must pass a criminal history background check prior to employment with Bellwether Housing.

Hours: Monday – Friday, 40 hours per week, flexible work schedule

Compensation: $87,000 - $97,800 per year DOE, benefits

Benefits: Bellwether Housing provides 24 days of PTO in the first year of employment for all employees working over 20 hours per week. We have a 403(b)-retirement plan with immediate eligibility for employee contributions and employer matching after 15 months of service; three medical plans to choose from, one with an employer funded HSA; dental; vision; flexible spending accounts, disability (short- and long-term); employer paid life insurance; and commuter benefits.

Bellwether Housing is an equal opportunity employer. We value diversity, including the diversity of thought and experience. We are committed to building an open and inclusive culture for all employees. We consider all applicants without regard to education, race, ethnicity, national origin, religion, gender, gender identity, sexual orientation, age, skills, and level of experience. All interested candidates are encouraged to apply.