Assistant Property Controller - Parsippany, NJ

Newmark Knight Frank Global Management Services is seeking an Assistant Property Controller to join our Property Management Accounting Department located in Parsippany, New Jersey.

 

Newmark Knight Frank Global Management Services, www.nkfgms.com, is one of the largest independent real estate service firms in the world. We provide comprehensive real estate solutions to many of the most prominent corporations, property owners, investors and developers across the globe. In addition to representing major institutions, corporations and property owners in transactions, NKFGMS provides extensive consulting and management services including financial services, property and asset management, construction services, project management, due diligence and valuation services. New York-headquartered Newmark Knight Frank and London-based partner Knight Frank operate over 140 offices in established and emerging property markets on five continents. Last year, we completed transactions valued at over $41 billion, with revenues exceeding $545 million. With a staff of 4,500 employees, we successfully meet the local and global needs of our clients worldwide.

 

Job Function:

 

The Assistant Property Controller is responsible for managing all financial operations for a commercial building portfolio. 

 

Duties and Responsibilities:

 

§ Prepare financial statements, annual budgets, quarterly forecasts, escalation calculations, variance analyses, and general ledger work.

§ Supervise and direct A/P and A/R staff for each building.

§ Manage daily cash, working with banks and arranging short-term investments.

§ Review rent roll to determine compliance with lease provisions.

§ Calculate tenant rent escalations (including real estate taxes, porter wage, operating, and CPI).

§ Review vendor invoices prior to payment to insure all supporting documents are present and the bill is coded properly.

§ Prepare and receive approvals for funding requests and escrow draws.

§ Prepare detailed annual budgets and monthly operating statements.

§ Prepare variance reports and explanations.

§ Work with the independent accountants to complete year end audits and tax returns.

 

Educational/Experience Requirements:

 A Bachelor’s degree in Accounting (CPA or public experience preferred)

§ Three to five years of commercial real estate experience is required.

§ Proficiency in MRI preferred, Microsoft Word and Excel required.

 

Please email resume, cover letter and salary requirements to mborak@newmarkkf.com or fax to (212) 372-2326. Resumes without salary requirements will not be considered. All resumes must be in unzipped MSWord or PDF format. Please put “Property Controller” in subject line. We regret that due to the volume of resumes we receive only applicants needed for an interview will be contacted.