Job Description

About the Opportunity

This is an opportunity for a Controller/Accountant to manage the financial and corporate operations of currently four real estate assets (3 in New York, NY, and 1 in Chicago, IL.) . Based in NYC, t he candidate shall have experience in accounting and a basic understanding of the corporate set-up; can work autonomously while overseeing a small portfolio of assets. Three of the assets are office triple net leases and the Position would be responsible for maintaining excellent relationships with the assets’ leaseholder. One of the assets is an approx. 130,000 sqft office building which needs management oversight in addition to financial controlling and will be an opportunity to expand into asset management.

Responsibilities

• ● Establishes in-house real estate management company to focus on managing the real estate investments in the US
• ● Oversees the annual budgeting process for income and expenses, ensuring accurate forecasting and effective tracking of capital expenditures and one-time expenses
• ● Compiles Monthly Management Reports and prepares year-end financial reports
• ● Prepares operating & real-estate tax escalations
• ● Coordinate tax return preparation with external accountants; ensuring compliance with German/US Tax Treaty laws
• ● Ensures assets’ income and expenditures are precisely accounted for from corresponding accounts; Provide accounting oversight
• ● Attends meetings as needed; acts as representative for parent company
• ● Oversees property management
• ● Ensure compliance
• ● Provide top-line support and oversight of financial activities including completing month-end closing, preparing financial statements
• ● Assist with the annual planning of corporate entities
• ● Execute leases, arranges on-site visits for prospective tenants and handles communications with leasing brokers.
• ● Evaluate and approve lease agreements, renewals, terminations, and modifications, ensuring they contribute positively to the one asset’s financial performance.
• ● Evaluate operational efficiency, tenant satisfaction, and identify opportunities for improvement

Requirements

• ● Bachelor’s Degree in Real Estate, Finance, Accounting, or a related field
• ● Master’s in Real Estate, MBA or advanced degree is a bonus
• ● A minimum of 5 years’ experience in real estate accounting, with part experience in asset management of office buildings
• ● Demonstrated ability to manage multiple priorities with a high degree of initiative; must be able to work independently
• ● Strong leadership, strategic thinking, and management skills, with the ability to inspire and collaborate with teams
• ● Entrepreneurial, attentive and structured
• ● Proficiency in financial modeling and analysis

Compensation:

$150,000 - $200,000 

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