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OUTSTANDING COMPENSATION AND BENEFITS:
- Base up to $150K + bonus
- Company subsidized medical and dental, 75% company paid for the employee
- No 401K offered YET, but working on it
- Huge opportunity to create and shape a growing company and grow the accounting function and your career as the company grows
Role with the Company:
Experienced Controller will oversee all accounting related functions at the firm. The ideal candidate will possess an in-depth understanding of fund and asset level accrual basis real estate accounting, a proven track record of managing the financials of a large real estate portfolio, and exceptional communication skills and attention to detail.
Responsibilities:
- Monitor, maintain, and ensure accuracy of ownership/partnership books, records, accounts, and working capital balances
- Complete monthly financial reporting for ownership/partnership entities - 20+ entities
- Ensure compliance with lender obligations, including the timely delivery of debt service payments and all lender reporting requirement (monthly, quarterly, annually)
- Prepare annual budgets for assets and oversee tenant NNN reconciliations
- Oversee all HR functions and third-party payroll processing
- Manage accounting team members - currently 1 Senior Accountant
- Validate property recording of ownership expenses in financial statement and ensure accurate forecasting of ownership expense in cash flow projections throughout the year
- Cash management
- Regularly review monthly property-level cash flow projections for accuracy
- Produce and maintain quarterly cash reserve forecasts in collaboration with the asset management team
- Monitor and help assess total asset cash positions for capital event planning
- Lead and manage third-party accounting firms to complete annual fund audits, and K-1 preparation
- Monitor real estate assessments; ensure tax bills are timely paid and properly recorded
- Facilitate wire/ACH transfers to lenders and investors
- As may be required, support the development ream on historic tax credit preparations and submittals, monitor submittals for state, federal, or municipal incentives
- As may be required, support the development team with project budget reporting, construction draws, and closeouts
QUALIFICATIONS
- Bachelor's degree in accounting or finance required; Master's degree and CPA designation preferred
- 15+ years of accounting experience with 10+ at Controller level and multi-entity experience
- 10+ years in commercial real estate industry on ownership/partnership side with a focus on accounting or finance huge plus
- Experience and knowledge of retail real estate accounting practices, processes and protocols appreciated
- Experience scaling up in a growing company
- Startup mindset - hands-on with ability to dig in and figure it out
- Experience overseeing HR and payroll a plus
- Ability to work independently and prioritize a multitude of projects
- Thrive in a collaborative and entrepreneurial environment
- Demonstrated proficiency in Microsoft Excel, AppFolio & QuickBooks experience a plus
- Ability to work flexible or extended hours to accommodate increased workload or projects
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Vaco LLC and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco") respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco's HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual's skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.