Commercial Real Estate Controller

Commercial Real Estate Controller

Location: Melville, Long Island, NY

Compensation: $150,000–$160,000 + Bonus

About the Opportunity

One of the most prestigious commercial real estate investment conglomerates located in Melville, NY, is seeking a hands-on, entrepreneurial Commercial Real Estate / Property Controller to oversee accounting, financial reporting, and financial analysis for a diverse portfolio of commercial properties.

This is an exciting opportunity for an experienced real estate accounting professional who wants to take ownership, work closely with executive leadership, and play an integral role in the financial and strategic direction of a growing real estate investment organization.

Key Responsibilities

• Oversee all commercial property accounting functions, including general ledger, accounts payable, accounts receivable, and financial reporting.
• Manage the complete month-end closing process, including journal entries, accruals, and bank reconciliations.
• Review and analyze financial statements, balance sheets, income statements, and cash flow reports.
• Lead budgeting, forecasting, and variance analysis to support strategic business decisions.
• Knowledge of commercial real estate tax accounting, including property tax assessments, tax reconciliations, abatements, appeals, and compliance across multi-property portfolios is a plus.
• Oversee property revenues and expenses, including reviewing and approving invoices and bills.
• Manage construction loan draws and track project progress for lender and joint venture reporting.
• Ensure compliance with US GAAP, internal controls, and accounting policies and procedures.
• Coordinate with external auditors during year-end reviews.
• Partner directly with the CEO and real estate investment analyst team, providing financial insights and recommendations.
• Oversee Commercial Asset Management (CAM) activities across the property portfolio, including operating expense reconciliations, tenant expense recoveries, lease compliance, property performance analysis, and coordination with property management teams to maximize asset value and operational efficiency.
• Identify opportunities to improve accounting processes, reporting efficiencies, and technology integration.
• Participate in special projects and strategic initiatives as needed.

Qualifications

• Minimum 6+ years of commercial real estate or property accounting experience.
• Strong knowledge of real estate accounting practices, procedures, and US GAAP.
• Experience managing month-end close, financial reporting, budgeting, and forecasting.
• Understanding of construction loan draws, joint venture reporting, and property cash flow analysis.
• Advanced Microsoft Excel and MS Office skills.
• Yardi or MRI software experience required.
• Strong analytical, organizational, and problem-solving skills.
• Excellent verbal and written communication skills.
• Entrepreneurial mindset with the ability to multitask, take initiative, and thrive in a fast-paced environment.
• Ability to work collaboratively while confidently interacting with executive leadership.