Financial Controller

Benefits:

• 401(k) matching
• Competitive salary
• Dental insurance
• Health insurance
• Paid time off
• Parental leave
• Vision insurance

SVN | Real Estate Associates, an independently owned commercial real estate brokerage and property management firm based in Durham, NC, is seeking a Financial Controller. This role oversees the company’s financial health, accounting operations, reporting, budgeting, and compliance, as well as the financials for affiliated real estate holding entities. This role is central to ensuring financial stability and growth, managing day-to-day financial operations, and contributing to strategic planning and decision-making. The Financial Controller also maintains strong internal controls and regulatory compliance, ensuring the company meets all industry and legal financial requirements.

Primary Responsibilities

• Financial Management & Reporting

• Oversee all accounting operations, including accounts payable, accounts receivable, general ledger, and payroll.
• Prepare all required reports for the company’s CPA for tax reporting.
• Oversee the preparation of financial statements, management reports, and variance analysis to provide insights on financial performance.
• Manage cash flow across multiple companies/entities to ensure financial stability.
• Conduct financial forecasting and budgeting to support business objectives.
• Provide strategic financial insights and recommendations to executive leadership.
• Oversee brokerage commission accounting.

• Affiliated Entity Accounting

• Maintain financials for affiliated real estate holding entities and document intercompany transactions.
• Manage partner distributions.
• Monitor loans, lender reporting deadlines, and debt service across entities.
• Coordinate with outside CPA on tax preparation and 1031 exchanges.

• Compliance & Risk Management

• Ensure compliance with tax regulations and internal policies.
• Manage relationships with banks, and lenders, including setting up and coordinating cash and debt accounts for newly acquired properties.
• Oversee bank account reconciliations and monitor all banking activities to ensure compliance with real estate trust account regulations and industry standards.
• Establish and maintain internal controls to safeguard company assets.

• Property & Lease Accounting

• Supervise tenant lease accounting, property-level financial reporting, and Common Area Maintenance (CAM) reconciliations.
• Ensure the accurate recording and collection of rent payments, pass-through expenses, and lease obligations.
• Oversee real estate financial compliance, ensuring lease administration, reconciliations, and reporting are conducted efficiently and accurately.

• Budgeting, Forecasting & Financial Strategy

• Develop and manage annual budgets, forecasts, and cash flow projections.
• Assist in financial planning for property acquisitions, dispositions, and CapEx projects.
• Oversee financial modeling and scenario analysis to support business expansion and operational efficiency.
• Prepare and review owner reports, ensuring accuracy in financial documentation for property owners and stakeholders.
• Build and maintain Argus models to underwrite acquisitions, dispositions, refinancings, and hold/sell decisions.

• Leadership & Team Development

• Lead and mentor the accounting team, fostering a culture of accuracy, accountability, and efficiency.
• Provide training, support, and professional development for the accounting team.
• Improve financial processes and reporting to enhance efficiency and effectiveness.
• Collaborate with the executive team to shape financial strategy and drive business growth.

Required Skills and Qualifications

• Education: Bachelor’s degree in Accounting, Finance, or a related field (CPA preferred).

• Experience: Minimum 7-10 years in financial management or accounting, preferably in real estate or property management.

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Technical Skills:

• Strong understanding of tax regulations, and financial reporting standards.
• Experience managing multi-entity accounting and cash flow management.
• Proficiency in property management software and accounting systems (e.g., AppFolio, Yardi, MRI).
• Advanced Excel and financial modeling skills.
• Familiarity with NC trust account requirements, or the ability to learn them quickly.
• Experience with Argus Enterprise.
• Comfort adopting new technology, including AI tools.

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Soft Skills:

• Exceptional analytical, organizational, and leadership abilities.
• Strong communication skills with the ability to collaborate across departments.