Controller

A well-established commercial real estate investment firm in Midtown Manhattan is seeking a Controller to own accounting and financial reporting across the portfolio and its investment entities. This is a hands-on leadership seat for someone who can run a team, close the books cleanly, and stand behind the numbers for ownership, partners, and investors. You will manage a team of five accountants and report to ownership.

Responsibilities

• Lead, manage, and develop a team of five property and fund accountants.
• Own full-cycle accounting across the portfolio and its investment entities, at both the property and fund level.
• Calculate and process monthly investor distributions and preferred return payments across joint venture and equity structures, including waterfall calculations.
• Prepare and review monthly, quarterly, and annual financial reports for owned and managed properties and investment entities.
• Partner with the investments and asset management teams on performance reporting and NOI drivers.
• Support acquisitions and dispositions accounting, including closings and purchase accounting.
• Oversee financial statement preparation and year-end audit and tax workpapers for outside accountants.
• Own NYC regulatory filings, including RPIE.
• Maintain lender relationships and deliver required reporting, including support for refinancing's.
• Record and reconcile monthly principal, escrow, and interest against loan statements.
• Oversee accounts payable, accounts receivable, and cash management, ensuring all transactions are recorded and adequately funded for upcoming requirements.
• Monitor major recurring expenses, including utilities and real estate taxes.
• Prepare monthly tenant billings and annual CAM and real estate tax true-ups.
• Prepare monthly bank reconciliations.
• Drive process improvements and strengthen internal controls.

Requirements

• Bachelor's degree in Accounting or Finance. CPA required.
• 10+ years of accounting experience in commercial real estate, ideally at an owner or investment firm.
• Previous experience in public accounting preferred.
• Strong command of joint venture and investor structures, distributions, and waterfalls.
• Proven experience managing and developing an accounting team.
• Strong proficiency in Yardi.
• Advanced Excel.
• Sharp, highly organized, and comfortable owning the numbers in a demanding, deadline-driven environment.