B.F. Saul Mortgage Company
B.F. Saul Mortgage Company provided pay range
This range is provided by B.F. Saul Mortgage Company. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $172,000.00/yr - $220,000.00/yr
Company Overview ASB Real Estate Investments, a division of ASB Capital Management LLC, is a leading U.S. real estate investment management firm from over 300 institutional clients. Headquartered in the Washington, D.C. area, ASB invests in major markets across the United States, concentrating in industrial, multifamily, office, retail, and self-storage properties. ASB has built success around talented, hard-working individuals who collaborate to gain a broad and integrated understanding of real estate disciplines to deliver attractive risk-adjusted returns. We encourage a culture of collaboration, and all members of our team engage in offering their points of view on major decisions in an extremely inclusive management process.
Job Purpose/Summary Of The VP & Fund Controller The Fund Controller will oversee and manage the financial policies, procedures, controls, and reporting systems for the firm’s real‑estate investment funds and their subsidiaries. The position will report to ASB’s Chief Accounting Officer and is based at the company’s headquarters in Bethesda, MD.
Summary of Competitive Benefits & Perks
Health/Medical Insurance including Dental and Vision
401(k) with company match
Paid time off
Bonus/Target Incentive
Tuition Reimbursement
Complimentary usage of modern in-house fitness center
On‑premise full‑service dining center discounts
Discounts via the company’s EAP
Monthly Employee Recognition Programs
Referral bonus
Pre‑tax transportation options
Plus more!
Essential Job Functions of the VP & Fund Controller
Guide financial decisions by establishing, monitoring, and enforcing policies, procedures, and internal controls
Review joint venture agreements, loan agreements, and other financial documents during and after their negotiation and execution to ensure that such agreements are accounted for appropriately
Make recommendations of changes to in‑process transaction agreements to ensure harmony between and among accounting requirements and business objectives
Monitor and confirm financial condition by conducting audits of information provided by joint venture partners and third‑party service providers
Coordinate annual independent audits of the real‑estate funds
Manage the treasury function and liquidity of each fund including maximizing returns on short‑term investments, limiting risk, and updating cash‑flow forecasts to properly manage liquidity
Provide status of financial conditions by collecting, interpreting, and reporting financial data
Ensure compliance with federal, state, and local legal, accounting, and reporting requirements by studying existing and new legislation; existing and new accounting guidance, enforcing adherence to requirements; filing financial reports; advising management on needed actions
Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal network, and participating in professional societies
Protect operations by keeping financial information and plans confidential
Tax
Oversee third‑party tax consultants to ensure timely filing of all tax forms and returns for all fund entities and subsidiaries.
Management
Maintain a documented system of accounting policies, procedures, and controls
Oversee the accounting operations of subsidiary properties and joint ventures, especially their control systems, transaction‑processing operations, and policies and procedures
Oversee all employees and operations of the accounting department to achieve the department’s goals and objectives to the highest degree
Manage outsourced functions
Transactions
Ensure that accounts payable are paid in a timely manner
Ensure that all reasonable discounts are taken on accounts payable
Ensure that accounts receivable are collected promptly
Ensure that periodic bank reconciliations are completed
Ensure that required debt payments are made on a timely basis
Maintain the chart of accounts
Maintain an orderly accounting filing system
Maintain a system of controls over accounting transactions
Reporting
Issue timely and complete financial statements
Coordinate the preparation of quarterly and annual reports
Recommend benchmarks against which to measure the performance of company operations
Calculate and issue financial and operating metrics
Manage the production of the annual budget and forecasts
Calculate variances from the budget and report significant issues to management
Provide financial analyses as needed, in particular for overseeing the management of the property portfolios and reporting performance to investors
Compliance
Coordinate the provision of information to external and internal auditors for the annual audits
Monitor debt levels
Comply with local, state, and federal government reporting requirements and tax filings
Manage and monitor required compliance with loan covenants for both corporate balance sheet debt and property level debt
Provide financial reports to banks as required by loan documents
Monitor property and other income to ensure income qualifies for REIT purposes and that non‑qualifying REIT income is only generated by assets that are held within TRS entities
Monitor taxable income and schedule dividends sufficient to comply with REIT tax rules
Monitor other accounting rules required under IRS REIT guidelines including asset sale limitations, permissible income requirements, property services income, etc.
Required Skills and Abilities of the VP & Fund Controller
Superior analytical ability
Strong Excel skills
Strong knowledge of real‑estate accounting, fund level reporting and investing
Able to persevere through difficult challenges and setbacks
Thrives in a small, cohesive and hands‑on work environment
Excellent listening skills. Open minded to different ideas and perspectives.
Highly transparent and ethical, placing a high value on both personal and firm integrity
High energy; structured and action oriented
Highly collaborative and committed to being a part of an integrated team
Intellectually curious, creative, and a broad‑based thinker
Excellent communication skills, including written and verbal and the ability to structure and disseminate complex information in a range of appropriate styles/formats
Proven leadership and general management skills, willing to take responsibility and be accountable for results
Required Education / Licenses / Certifications of the VP & Fund Controller
Bachelor’s Degree in Accounting
CPA required
Excellent academic credentials
Required Experience of the VP & Fund Controller
10 plus years of progressively responsible experience for a national auditor and/or a major real‑estate or financial services company is desired
Demonstrated career history of continued growth and success in roles of increased complexity and responsibility
Proven success in setting and achieving corporate objectives, with the demonstrated work ethic, competitiveness and tenacity required to achieve top performance
The actual base pay offered is determined by several variables, including, as appropriate, the applicant's qualifications for the position, years of relevant experience, distinctive skills, level of education attained, certifications or other professional licenses held. Base pay is one component of ASB Investment Management’s total compensation package, which also includes access to or eligibility for healthcare benefits, a 401(k) plan, short‑term and long‑term disability coverage, basic life insurance, bonus plans and more.
ASB Real Estate Investments is proud to be an equal opportunity workplace. We foster an environment that recognizes employees’ unique skillsets and ensures that all employees have an equal opportunity to grow and advance.
If you are a candidate in need of assistance or an accommodation in the application process, please contact corporate.resumes@bfsaul.com or 301‑986‑6000.
Equal Opportunity Employer/Veterans/Disabled We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
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Base pay range $172,000.00/yr - $220,000.00/yr
Company Overview ASB Real Estate Investments, a division of ASB Capital Management LLC, is a leading U.S. real estate investment management firm from over 300 institutional clients. Headquartered in the Washington, D.C. area, ASB invests in major markets across the United States, concentrating in industrial, multifamily, office, retail, and self-storage properties. ASB has built success around talented, hard-working individuals who collaborate to gain a broad and integrated understanding of real estate disciplines to deliver attractive risk-adjusted returns. We encourage a culture of collaboration, and all members of our team engage in offering their points of view on major decisions in an extremely inclusive management process.
Job Purpose/Summary Of The VP & Fund Controller The Fund Controller will oversee and manage the financial policies, procedures, controls, and reporting systems for the firm’s real‑estate investment funds and their subsidiaries. The position will report to ASB’s Chief Accounting Officer and is based at the company’s headquarters in Bethesda, MD.
Summary of Competitive Benefits & Perks
Health/Medical Insurance including Dental and Vision
401(k) with company match
Paid time off
Bonus/Target Incentive
Tuition Reimbursement
Complimentary usage of modern in-house fitness center
On‑premise full‑service dining center discounts
Discounts via the company’s EAP
Monthly Employee Recognition Programs
Referral bonus
Pre‑tax transportation options
Plus more!
Essential Job Functions of the VP & Fund Controller
Guide financial decisions by establishing, monitoring, and enforcing policies, procedures, and internal controls
Review joint venture agreements, loan agreements, and other financial documents during and after their negotiation and execution to ensure that such agreements are accounted for appropriately
Make recommendations of changes to in‑process transaction agreements to ensure harmony between and among accounting requirements and business objectives
Monitor and confirm financial condition by conducting audits of information provided by joint venture partners and third‑party service providers
Coordinate annual independent audits of the real‑estate funds
Manage the treasury function and liquidity of each fund including maximizing returns on short‑term investments, limiting risk, and updating cash‑flow forecasts to properly manage liquidity
Provide status of financial conditions by collecting, interpreting, and reporting financial data
Ensure compliance with federal, state, and local legal, accounting, and reporting requirements by studying existing and new legislation; existing and new accounting guidance, enforcing adherence to requirements; filing financial reports; advising management on needed actions
Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal network, and participating in professional societies
Protect operations by keeping financial information and plans confidential
Tax
Oversee third‑party tax consultants to ensure timely filing of all tax forms and returns for all fund entities and subsidiaries.
Management
Maintain a documented system of accounting policies, procedures, and controls
Oversee the accounting operations of subsidiary properties and joint ventures, especially their control systems, transaction‑processing operations, and policies and procedures
Oversee all employees and operations of the accounting department to achieve the department’s goals and objectives to the highest degree
Manage outsourced functions
Transactions
Ensure that accounts payable are paid in a timely manner
Ensure that all reasonable discounts are taken on accounts payable
Ensure that accounts receivable are collected promptly
Ensure that periodic bank reconciliations are completed
Ensure that required debt payments are made on a timely basis
Maintain the chart of accounts
Maintain an orderly accounting filing system
Maintain a system of controls over accounting transactions
Reporting
Issue timely and complete financial statements
Coordinate the preparation of quarterly and annual reports
Recommend benchmarks against which to measure the performance of company operations
Calculate and issue financial and operating metrics
Manage the production of the annual budget and forecasts
Calculate variances from the budget and report significant issues to management
Provide financial analyses as needed, in particular for overseeing the management of the property portfolios and reporting performance to investors
Compliance
Coordinate the provision of information to external and internal auditors for the annual audits
Monitor debt levels
Comply with local, state, and federal government reporting requirements and tax filings
Manage and monitor required compliance with loan covenants for both corporate balance sheet debt and property level debt
Provide financial reports to banks as required by loan documents
Monitor property and other income to ensure income qualifies for REIT purposes and that non‑qualifying REIT income is only generated by assets that are held within TRS entities
Monitor taxable income and schedule dividends sufficient to comply with REIT tax rules
Monitor other accounting rules required under IRS REIT guidelines including asset sale limitations, permissible income requirements, property services income, etc.
Required Skills and Abilities of the VP & Fund Controller
Superior analytical ability
Strong Excel skills
Strong knowledge of real‑estate accounting, fund level reporting and investing
Able to persevere through difficult challenges and setbacks
Thrives in a small, cohesive and hands‑on work environment
Excellent listening skills. Open minded to different ideas and perspectives.
Highly transparent and ethical, placing a high value on both personal and firm integrity
High energy; structured and action oriented
Highly collaborative and committed to being a part of an integrated team
Intellectually curious, creative, and a broad‑based thinker
Excellent communication skills, including written and verbal and the ability to structure and disseminate complex information in a range of appropriate styles/formats
Proven leadership and general management skills, willing to take responsibility and be accountable for results
Required Education / Licenses / Certifications of the VP & Fund Controller
Bachelor’s Degree in Accounting
CPA required
Excellent academic credentials
Required Experience of the VP & Fund Controller
10 plus years of progressively responsible experience for a national auditor and/or a major real‑estate or financial services company is desired
Demonstrated career history of continued growth and success in roles of increased complexity and responsibility
Proven success in setting and achieving corporate objectives, with the demonstrated work ethic, competitiveness and tenacity required to achieve top performance
The actual base pay offered is determined by several variables, including, as appropriate, the applicant's qualifications for the position, years of relevant experience, distinctive skills, level of education attained, certifications or other professional licenses held. Base pay is one component of ASB Investment Management’s total compensation package, which also includes access to or eligibility for healthcare benefits, a 401(k) plan, short‑term and long‑term disability coverage, basic life insurance, bonus plans and more.
ASB Real Estate Investments is proud to be an equal opportunity workplace. We foster an environment that recognizes employees’ unique skillsets and ensures that all employees have an equal opportunity to grow and advance.
If you are a candidate in need of assistance or an accommodation in the application process, please contact corporate.resumes@bfsaul.com or 301‑986‑6000.
Equal Opportunity Employer/Veterans/Disabled We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
#J-18808-Ljbffr