Property Controller – CBRE

Job Description

Property Controller

Job ID

132519

Posted

17-Aug-2023

Service line

Advisory Segment

Role type

Full-time

Areas of Interest

Accounting/Finance

Location(s)

New York City – New York – United States of America

About the role

We are looking for a Property Controller for CBRE Investment Accounting & Reporting Solutions, an exciting and growing environment. Contributors in this role assist the team in coordinating financial reporting and analytical review of the property owner entities.

What you’ll do
• Produces financial reporting packages (such as work-papers) and other required financial information and analytics for all property related entities.
• Works with client’s auditors for interim and year end audits; draft annual audit reports.
• Compiles, analyzes, and tracks financial data by performing detailed review of monthly property owner reports such as: operating statement variance reports, aged receivables, aged payables and capital expenditures variance to budget.
• Supports the daily activities of cash management, such as: preparing monthly bank reconciliations, reviewing cash balances, preparing capital calls or loan draws, preparing distribution waterfalls, managing cash security deposits, and ensuring fees payable to management company are accurately calculated and paid timely.
• Review lease abstracts and lease recurring charge set up.
• Troubleshoots issues and ensures internal and client requests are handled timely, accurately and with a focus on customer service.
• May support junior team members and provide technical guidance or training to others.

What you’ll need
• Bachelor’s degree in accounting or finance required.
• 7+ years of accounting experience or an equivalent combination of education and experience is required. Prior experience in real estate accounting and analytics is preferred.
• Communicates clearly and concisely. Should have presentation skills, and fluent written and verbal interpersonal skills.
• Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including proven knowledge of financial terms and principles to include accounting methods: cash, accrual, and GAAP.
• Knowledge of real estate terms, definitions, and real estate analytical methodology.

New York City Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for this position is $115,000 annually and the maximum is $130,000 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE’s applicable benefit program.

Why CBRE?

Our team is the only 100% dedicated Real Estate Fund and Property accounting business supporting Global and Pan-European coordination for clients providing Fund & SPV Accounting, Investor Reporting, and Performance Measurement services to real estate investment companies, sovereign wealth funds, and other institutional investors in key financial markets. Our team of professionals offers unmatched dedication. We serve only real estate and have a history of effectively serving all real estate asset classes; including simple to sophisticated investment structures.

CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law. We also provide reasonable accommodations, as needed, throughout the job application process. If you have a disability that inhibits your ability to apply for a position through our online application process, you may contact us via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).

New York City Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for this position is $115,000 annually and the maximum is $130,000 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE’s applicable benefit program.

CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law. We also provide reasonable accommodations, as needed, throughout the job application process. If you have a disability that inhibits your ability to apply for a position through our online application process, you may contact us via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).

NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.

CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)