Allied Personnel Services, Inc
Controller
Allied Personnel Services, Inc, New York, New York, us, 10261
Major Responsibilities:
Manage the accounting function for a portfolio of affordable housing residential buildings such as tenant billing, tenant and Section 8 accounts receivable, accounts payable and bank reconciliations.
Prepare monthly, quarterly, and annual financial statements in accordance with GAAP for required partners and lenders
Analyze the general ledger for each property, prepare journal entries, calculate accruals and adjustments and maintain detailed workpaper files monthly
Review results of operations and provide detailed explanations of variances
Review invoices to ensure correct account coding and expense allocations
Prepare reconciliations of all cash accounts, security deposits, reserves, and escrows
Monitor cash balances and request capital funding, as needed
Maintain fixed asset and depreciation schedules
Calculate real estate tax and operating expense escalations
Interact with asset managers, leasing agents, and property managers
Assist in the resolution of tenant billing inquiries with accounts receivable and legal departments
Prepare documentation for loan draws and reserve disbursements
Respond to lender inquiries, as needed
Oversee payroll related processing and applicable tax reporting
Compile financial information for analysts during debt refinances and/or sales of properties
Prepare annual budget and re-forecast
Serve as the main contact for annual audits and tax return preparation
Requirements:
Must have a undergraduate degree in Accounting
6+ years of accounting experience within the real estate industry; residential/affordable experience preferred
Experience with affordable housing properties including Voucher based and Project Based Section 8.
Expert knowledge of Yardi, Quickbooks, Excel and Word
Ability to multi-task, prioritize and work efficiently independently or in a team setting
Strong capability to communicate effectively both verbally and written, including giving and receiving feedback with all levels within the organization
Ability to perform at high levels in a fast paced, ever-changing work environment
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Manage the accounting function for a portfolio of affordable housing residential buildings such as tenant billing, tenant and Section 8 accounts receivable, accounts payable and bank reconciliations.
Prepare monthly, quarterly, and annual financial statements in accordance with GAAP for required partners and lenders
Analyze the general ledger for each property, prepare journal entries, calculate accruals and adjustments and maintain detailed workpaper files monthly
Review results of operations and provide detailed explanations of variances
Review invoices to ensure correct account coding and expense allocations
Prepare reconciliations of all cash accounts, security deposits, reserves, and escrows
Monitor cash balances and request capital funding, as needed
Maintain fixed asset and depreciation schedules
Calculate real estate tax and operating expense escalations
Interact with asset managers, leasing agents, and property managers
Assist in the resolution of tenant billing inquiries with accounts receivable and legal departments
Prepare documentation for loan draws and reserve disbursements
Respond to lender inquiries, as needed
Oversee payroll related processing and applicable tax reporting
Compile financial information for analysts during debt refinances and/or sales of properties
Prepare annual budget and re-forecast
Serve as the main contact for annual audits and tax return preparation
Requirements:
Must have a undergraduate degree in Accounting
6+ years of accounting experience within the real estate industry; residential/affordable experience preferred
Experience with affordable housing properties including Voucher based and Project Based Section 8.
Expert knowledge of Yardi, Quickbooks, Excel and Word
Ability to multi-task, prioritize and work efficiently independently or in a team setting
Strong capability to communicate effectively both verbally and written, including giving and receiving feedback with all levels within the organization
Ability to perform at high levels in a fast paced, ever-changing work environment
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