Elite Placement Group
Assistant Controller - Property Accounting
Elite Placement Group, Greenwich, Connecticut, us, 06831
Position Summary
The Property Accounting Asst. Controller is responsible for leading the financial operations
of a large portfolio of residential properties. This role ensures accurate financial reporting,
robust internal controls, and compliance with GAAP and company policies. The Asst.
Controller will manage a team of accountants and collaborate with property managers,
asset managers, and senior leadership to support strategic planning and operational
excellence.
Key Responsibilities
Financial Reporting & Oversight • Oversee accounting for corporate entities and 125+ properties • Oversee preparation of monthly operating reports and work papers • Record payroll transactions totaling $34M annually • Manage monthly debt service payments • Review distribution calculations for executive approval • Assist with year-end audits and tax returns • Manage accounting and financial reporting for commercial leases, including lease
abstraction and revenue recognition • Oversee Common Area Maintenance (CAM) reconciliations and ensure timely and
accurate billing to tenants
Cash Management • Monitor daily cash positions and monthly receipts (~$25M) • Supervise ACH disbursements and intercompany payables • Produce weekly cash reports for Treasury and senior leadership • Manage escrow accounts and facilitate new bank account setups
Budgeting & Forecasting • Prepare debt service budgets and monthly cash flows • Support external audits with aggregate schedules and documentation • Assist Finance in tracking capital project actuals vs. budget
Team Leadership • Supervise and mentor cash, accounts payable and property accountants • Conduct performance reviews and support professional development • Ensure compliance with internal controls and regulatory standards
Systems & Process Optimization • Lead system conversions (e.g., Yardi Investment Accounting, Avid Exchange, etc.) • Develop procedures for tenant billbacks and cost tracking • Implement customized reporting tools for replacement reserves
Qualifications • Strong knowledge of GAAP and property accounting • 6-8 years of experience in real estate or property accounting • Proficiency in Yardi, Excel, and financial reporting systems • Proven leadership in managing accounting teams and large portfolios • Excellent analytical, organizational, and communication skills
Preferred Attributes • Experience with affordable and market rate residential properties • Demonstrated experience managing financial closings for properties • Familiarity with waterfall structures, construction/development draws and cost
certifications • Ability to manage multiple projects and deadlines in a fast-paced environment
The Property Accounting Asst. Controller is responsible for leading the financial operations
of a large portfolio of residential properties. This role ensures accurate financial reporting,
robust internal controls, and compliance with GAAP and company policies. The Asst.
Controller will manage a team of accountants and collaborate with property managers,
asset managers, and senior leadership to support strategic planning and operational
excellence.
Key Responsibilities
Financial Reporting & Oversight • Oversee accounting for corporate entities and 125+ properties • Oversee preparation of monthly operating reports and work papers • Record payroll transactions totaling $34M annually • Manage monthly debt service payments • Review distribution calculations for executive approval • Assist with year-end audits and tax returns • Manage accounting and financial reporting for commercial leases, including lease
abstraction and revenue recognition • Oversee Common Area Maintenance (CAM) reconciliations and ensure timely and
accurate billing to tenants
Cash Management • Monitor daily cash positions and monthly receipts (~$25M) • Supervise ACH disbursements and intercompany payables • Produce weekly cash reports for Treasury and senior leadership • Manage escrow accounts and facilitate new bank account setups
Budgeting & Forecasting • Prepare debt service budgets and monthly cash flows • Support external audits with aggregate schedules and documentation • Assist Finance in tracking capital project actuals vs. budget
Team Leadership • Supervise and mentor cash, accounts payable and property accountants • Conduct performance reviews and support professional development • Ensure compliance with internal controls and regulatory standards
Systems & Process Optimization • Lead system conversions (e.g., Yardi Investment Accounting, Avid Exchange, etc.) • Develop procedures for tenant billbacks and cost tracking • Implement customized reporting tools for replacement reserves
Qualifications • Strong knowledge of GAAP and property accounting • 6-8 years of experience in real estate or property accounting • Proficiency in Yardi, Excel, and financial reporting systems • Proven leadership in managing accounting teams and large portfolios • Excellent analytical, organizational, and communication skills
Preferred Attributes • Experience with affordable and market rate residential properties • Demonstrated experience managing financial closings for properties • Familiarity with waterfall structures, construction/development draws and cost
certifications • Ability to manage multiple projects and deadlines in a fast-paced environment