Assistant Property Accounting Controller

at  CBRE

LOCATION(S)

Melville - New York - United States of America
About The Role:
We are looking for an Assistant Property Controller for CBRE Investment Accounting & Reporting Solutions, an exciting and growing environment. Contributors in this role assist in coordinating financial reporting and performing analytical review of property owner entities.

What You’ll Do:

• Produce financial reporting packages and other required financial information and analytics for property related entities, including work-papers for balance sheet general ledger accounts on a monthly or quarterly basis.
• Work with client’s auditors for interim and year end audits; draft annual audit report.
• Compile, analyze, and track financial data, performing detailed review of monthly reports.
• Prepare monthly bank reconciliations, review cash balances, prepare capital calls or loan draws, prepare distribution waterfalls, manage cash security deposits, and ensure fees payable are accurately calculated and paid timely.
• Review lease abstracts and lease recurring charge set up. Prepare CAM calculation for income budgeting/billing estimates and annual true ups.

What You’ll Need:

To perform this job successfully, an individual will need to perform each crucial duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Bachelor’s degree in accounting or finance and 5+ years accounting experience, or equivalent combination of education and experience required.
• Prior experience in real estate accounting and analytics required.
• Requires proven knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an understanding of financial terms and principles to include accounting methods: cash, accrual, fair value, and GAAP.
• Knowledge of real estate terms, definitions, and real estate analytical methodology.

New York Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for this position is $100,000 annually and the maximum salary for this position is $115,000 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE’s applicable benefit program.
Why CBRE?
When you join CBRE you will have the support and resources of a global firm where an entrepreneurial mentality is encouraged. You’ll realize your potential with exciting work, fast-paced assignments, an environment of constant learning and dedication to results! To enable your success, we provide the best tools, training and leaders in the industry.
Our culture is built on our RISE values and reflects the needs and perspectives of our clients and our people. Our work is guided by our North Star: Crafting the real estate solutions of tomorrow, so businesses and people thrive.
Coming to work for CBRE, you will receive a comprehensive benefits package, 401k, and extraordinary perks such as career growth and longevity!
New York Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for this position is $100,000 annually and the maximum salary for this position is $115,000 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE’s applicable benefit program.
Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).
NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter

What You’ll Do:

• Produce financial reporting packages and other required financial information and analytics for property related entities, including work-papers for balance sheet general ledger accounts on a monthly or quarterly basis.
• Work with client’s auditors for interim and year end audits; draft annual audit report.
• Compile, analyze, and track financial data, performing detailed review of monthly reports.
• Prepare monthly bank reconciliations, review cash balances, prepare capital calls or loan draws, prepare distribution waterfalls, manage cash security deposits, and ensure fees payable are accurately calculated and paid timely.
• Review lease abstracts and lease recurring charge set up. Prepare CAM calculation for income budgeting/billing estimates and annual true ups

To perform this job successfully, an individual will need to perform each crucial duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Bachelor’s degree in accounting or finance and 5+ years accounting experience, or equivalent combination of education and experience required.
• Prior experience in real estate accounting and analytics required.
• Requires proven knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an understanding of financial terms and principles to include accounting methods: cash, accrual, fair value, and GAAP.
• Knowledge of real estate terms, definitions, and real estate analytical methodology