MBK Real Estate
Assistant Controller
MBK Real Estate, Irvine, California, United States, 92713
Assistant Controller
MBK Real Estate (MBK) is an industry leader in real estate operations and development. Through its subsidiaries, MBK Rental Living, MBK Industrial Properties and MBK Senior Living, MBK Real Estate is renowned for building award-winning new home and apartment communities, state-of-art distribution facilities and for its reputation in providing exceptional high standards of service throughout its senior living communities.
MBK is a privately held real estate development firm with roots in the business dating back to 1996. MBK's extensive activities through its operating divisions, along with the size and scale of our development and building activities represent the continuation and commitment to American enterprise.
Job Description
MBK Industrial Properties is expanding their team! We are looking to hire an Assistant Controller based at our home office in Irvine, CA!
Hybrid schedule, 3 days in office 2 days remoteSalary range: $150,000 - $175,000/year
Summary of Position:
MBK Real Estate and its subsidiaries are wholly owned by Mitsui & Co., Ltd. MBK is an industry leader in real estate operations and development. Through its subsidiaries, MBK Rental Living (MRL), MBK Industrial Properties (MIP) and MBK Senior Living (MSL), MBK Real Estate (MRE) is focused on developing apartment communities and state-of-art distribution facilities and providing exceptional high standards of service throughout its senior living communities.
MBK currently has an opening in its Accounting & Finance Department for an Assistant Controller in its MIP division. This position is in a fast-paced department which is located in our Irvine, CA office. The Assistant Controller must regularly exercise discretion and independent judgment in overseeing the month-end accounting close process, joint venture accounting, cash management & forecasting, financial reporting, and accounting process improvements while leveraging our ERP system and other technology.
Essential Functions:
Responsible for reviewing monthly closing of general ledgers including preparation, review and posting of journal entries, general ledger account reconciliations and analysis for MIP.Responsible for producing and publishing monthly, quarterly and annual internal and external financial reports, including joint venture reporting, of the MIP division to executive team members, joint venture partners, and outside lenders.Responsible for joint venture accounting, capital calls, draw requests and monthly reconciliation of investment and equity accounts. Must have experience in joint venture equity accounting rules and monthly/quarterly reporting to joint venture partners.Oversight of cash management, including overseeing traditional treasury activities and actively managing and forecasting cash balances within multiple entities.Ability to support and manage the job cost system which includes understanding job cost budgets, contract accounting, and reporting.Assisting in reviewing and managing monthly bank loan draws and reporting, when necessary.Assist in execution of accounting process improvements, including ERP system efficiency and other technologies.Responsible for Sarbanes-Oxley related internal controls compliance and implementation.Assist in preparing and reviewing both operational and G&A budgets and forecasts for the MIP division.Assist in the coordination of annual financial statement audits with internal and external auditors.Support and contribute to special projects of the CFO, Corporate Controller and VP Controller, primarily in the areas of reporting, planning, growth, and development.Qualifications:
Bachelor's or higher degree in Accounting or Finance;CPA required;Strong excel skills and technically inclined mindset for process improvements;Minimum of 5-7 years' experience in both public accounting and private industry environments;Prior experience in joint venture accounting and financial reporting and ability to interact and clearly communicate with joint venture partners and outside lenders;Experience in job cost accounting and reporting in construction industry;Strong knowledge of US GAAP and IFRS;Excellent written, verbal, communication, interpersonal and presentation skillsAbility to work independently with minimal supervision;Yardi accounting system experience preferred;Minimum of 2 years of Real Estate industry accounting experience preferred;Flexible and enthusiastic.
We offer a rich benefits package comprising of the following: competitive salaries with opportunities for growth; 401(k) retirement plan with up to 4% employer matching; comprehensive industry leading medical, dental and vision insurance; company-provided life, disability and AD&D insurance; flexible spending accounts, generous paid time off including vacation and sick time, holidays, and bereavement leave; and a variety of programs including leadership development, training, and personal coaching; education loan assistance and scholarships; daily living, financial and legal services; childcare and eldercare assistance; employee discounts; and health and wellness resources that include virtual yoga, mindfulness, and financial readiness for employees and their family members.
If you are ready to meet the challenges of this critical role, we want to hear from you!
MBK is an equal opportunity employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, genetic information, or other protected reason. Our company is committed to providing access, equal opportunity and reasonable accommodation for qualifying individuals in employment, its services, programs, and activities. To request reasonable accommodation, contact talentacquisition@mbk.com.
Regulatory Disclosures for Senior Living Communities with Medicaid Residents:
An "Excluded Party" is a person that the federal or state government found not eligible to provide care and services in a facility that receives Medicare or Medicaid funding. If employed at one of our senior living communities that receives Medicare or Medicaid funding, team members must not be considered an "Excluded Party" as defined by the U.S. Department of Health and Human Services, any state Medicaid Programs, and any additional federal and state government contract programs. If, as a team member, you learn that you are an Excluded Party at any time, you must present your Excluded Party notice letter to your supervisor immediately.
Other Regulatory Requirements:
If employed at one of our senior living communities, team members must continually comply with certain laws and regulations that impact the company, including, but not limited to, as applicable, state licensing regulations, the Health Insurance Portability and Accountability Act of 1996 (HIPAA), Resident Rights as defined by the U.S. Department of Health and Human Services, and any other federal or state laws relating to team members' professional licenses.
HIPAA Disclosure:
All Team Members prior to commencing employment and once employed must not be considered an "Excluded Party" as defined by the Medicare and state Medicaid Programs as well as other federal and state government contract programs. If as an associate you learn you are an Excluded Party, you must present your Excluded Party notice letter to your supervisor immediately. An Excluded Party is a person that the federal or state government found not eligible to provide care and services in a Community that receives Medicare or Medicaid funding. In addition, at all times, during your employment, all associates must be in compliance with certain laws and regulations that affect the company, including but not limited to Resident Rights, HIPAA, State licensing regulations, and those laws relating you an associates' professional license.
MBK Real Estate (MBK) is an industry leader in real estate operations and development. Through its subsidiaries, MBK Rental Living, MBK Industrial Properties and MBK Senior Living, MBK Real Estate is renowned for building award-winning new home and apartment communities, state-of-art distribution facilities and for its reputation in providing exceptional high standards of service throughout its senior living communities.
MBK is a privately held real estate development firm with roots in the business dating back to 1996. MBK's extensive activities through its operating divisions, along with the size and scale of our development and building activities represent the continuation and commitment to American enterprise.
Job Description
MBK Industrial Properties is expanding their team! We are looking to hire an Assistant Controller based at our home office in Irvine, CA!
Hybrid schedule, 3 days in office 2 days remoteSalary range: $150,000 - $175,000/year
Summary of Position:
MBK Real Estate and its subsidiaries are wholly owned by Mitsui & Co., Ltd. MBK is an industry leader in real estate operations and development. Through its subsidiaries, MBK Rental Living (MRL), MBK Industrial Properties (MIP) and MBK Senior Living (MSL), MBK Real Estate (MRE) is focused on developing apartment communities and state-of-art distribution facilities and providing exceptional high standards of service throughout its senior living communities.
MBK currently has an opening in its Accounting & Finance Department for an Assistant Controller in its MIP division. This position is in a fast-paced department which is located in our Irvine, CA office. The Assistant Controller must regularly exercise discretion and independent judgment in overseeing the month-end accounting close process, joint venture accounting, cash management & forecasting, financial reporting, and accounting process improvements while leveraging our ERP system and other technology.
Essential Functions:
Responsible for reviewing monthly closing of general ledgers including preparation, review and posting of journal entries, general ledger account reconciliations and analysis for MIP.Responsible for producing and publishing monthly, quarterly and annual internal and external financial reports, including joint venture reporting, of the MIP division to executive team members, joint venture partners, and outside lenders.Responsible for joint venture accounting, capital calls, draw requests and monthly reconciliation of investment and equity accounts. Must have experience in joint venture equity accounting rules and monthly/quarterly reporting to joint venture partners.Oversight of cash management, including overseeing traditional treasury activities and actively managing and forecasting cash balances within multiple entities.Ability to support and manage the job cost system which includes understanding job cost budgets, contract accounting, and reporting.Assisting in reviewing and managing monthly bank loan draws and reporting, when necessary.Assist in execution of accounting process improvements, including ERP system efficiency and other technologies.Responsible for Sarbanes-Oxley related internal controls compliance and implementation.Assist in preparing and reviewing both operational and G&A budgets and forecasts for the MIP division.Assist in the coordination of annual financial statement audits with internal and external auditors.Support and contribute to special projects of the CFO, Corporate Controller and VP Controller, primarily in the areas of reporting, planning, growth, and development.Qualifications:
Bachelor's or higher degree in Accounting or Finance;CPA required;Strong excel skills and technically inclined mindset for process improvements;Minimum of 5-7 years' experience in both public accounting and private industry environments;Prior experience in joint venture accounting and financial reporting and ability to interact and clearly communicate with joint venture partners and outside lenders;Experience in job cost accounting and reporting in construction industry;Strong knowledge of US GAAP and IFRS;Excellent written, verbal, communication, interpersonal and presentation skillsAbility to work independently with minimal supervision;Yardi accounting system experience preferred;Minimum of 2 years of Real Estate industry accounting experience preferred;Flexible and enthusiastic.
We offer a rich benefits package comprising of the following: competitive salaries with opportunities for growth; 401(k) retirement plan with up to 4% employer matching; comprehensive industry leading medical, dental and vision insurance; company-provided life, disability and AD&D insurance; flexible spending accounts, generous paid time off including vacation and sick time, holidays, and bereavement leave; and a variety of programs including leadership development, training, and personal coaching; education loan assistance and scholarships; daily living, financial and legal services; childcare and eldercare assistance; employee discounts; and health and wellness resources that include virtual yoga, mindfulness, and financial readiness for employees and their family members.
If you are ready to meet the challenges of this critical role, we want to hear from you!
MBK is an equal opportunity employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, genetic information, or other protected reason. Our company is committed to providing access, equal opportunity and reasonable accommodation for qualifying individuals in employment, its services, programs, and activities. To request reasonable accommodation, contact talentacquisition@mbk.com.
Regulatory Disclosures for Senior Living Communities with Medicaid Residents:
An "Excluded Party" is a person that the federal or state government found not eligible to provide care and services in a facility that receives Medicare or Medicaid funding. If employed at one of our senior living communities that receives Medicare or Medicaid funding, team members must not be considered an "Excluded Party" as defined by the U.S. Department of Health and Human Services, any state Medicaid Programs, and any additional federal and state government contract programs. If, as a team member, you learn that you are an Excluded Party at any time, you must present your Excluded Party notice letter to your supervisor immediately.
Other Regulatory Requirements:
If employed at one of our senior living communities, team members must continually comply with certain laws and regulations that impact the company, including, but not limited to, as applicable, state licensing regulations, the Health Insurance Portability and Accountability Act of 1996 (HIPAA), Resident Rights as defined by the U.S. Department of Health and Human Services, and any other federal or state laws relating to team members' professional licenses.
HIPAA Disclosure:
All Team Members prior to commencing employment and once employed must not be considered an "Excluded Party" as defined by the Medicare and state Medicaid Programs as well as other federal and state government contract programs. If as an associate you learn you are an Excluded Party, you must present your Excluded Party notice letter to your supervisor immediately. An Excluded Party is a person that the federal or state government found not eligible to provide care and services in a Community that receives Medicare or Medicaid funding. In addition, at all times, during your employment, all associates must be in compliance with certain laws and regulations that affect the company, including but not limited to Resident Rights, HIPAA, State licensing regulations, and those laws relating you an associates' professional license.