ASB Real Estate Investments, a division of ASB Capital Management LLC, is a leading U.S. real estate investment management firm. The SVP & 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.
Requirements
- 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.
- Oversee third-party tax consultants to ensure timely filing of all tax forms and returns for all fund entities and subsidiaries.
- 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.
- 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.
- 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.
- 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.
Benefits
- 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
