Our Client is a global asset manager with an emphasis on real estate investing with approximately $12 billion of assets under management is seeking a Portfolio Controller to join their team.
Position and Responsibilities
Direct the efforts of the Recoveries team members and manage the reconciliation process.
Review and assist preparers in tenant reconciliation for common area maintenance, insurance, and real estate taxes
Ensure setup for all recovery calculations in accordance with lease terms, other legal documents, and historical information
Partner with Asset Management and Property Management teams to resolve tenant billing disputes, document any changes, and update recovery setup as needed
Manage tenant information requests and/or audit requests per the terms of the applicable lease(s)
Review property operating expenses for proper GL and CAM pool coding and other GL account reconciliations, as assigned
Review semi-annual and annual property tax billings and related tenant adjustments for accuracy; approve tenant billings
Partner with Property Management and Asset Management teams to assist with the annual property level budgeting process.
Oversee budget setups and related calculations in MRI system of record and other systems as needed.
Oversee accounting team efforts in budgeting and forecasting.
Review and verify tenant billing adjustments submitted by Property Managers/Asset Managers.
Track co-tenancy events and remediation efforts and required adjustments to billings and reconciliations.
Month-end/year-end close management, including:
Manage staff to execute and deliver timely CAM updates quarterly in line with financial reporting timelines
Communicate status of month-end and year-end close
Review of balance sheet reconciliations, including such areas as:
Common Area Maintenance program management
Mortgages, Financings, and Lines of Credit, including interest accruals
Poline Search Partners is an international executive search firm specializing in the shopping center industry. We serve property owners, developers, retailers and service providers who are seeking remarkable talent and work to align them with candidates who are eager for new growth opportunities. Since 1979, our team has been connecting companies and candidates with a commitment to integrity and client satisfaction—making us the industry’s most trusted leader in recruitment.