• Assistant Controller

    Maloney Properties, Inc. (Wellesley, MA)


    Maloney Properties Accounting Department is looking for a highly motivated and analytical individual with real estate accounting experience for the Assistant Controller position. The successful individual will also have a strong desire to be part of a true, diverse team and to work in an environment that fosters learning through interaction with other property management professionals in a stable and growing company. Possibility to work fully remote after the first 3 months.

    Responsibilities include, but are not limited to:

    + Lead, instruct and supervise three to five Property Accountants,

    + Assist Property Accountants and Regional Managers with weekly cash management.

    + Prepare or review monthly, quarterly, and annual property reports to ensure their timely submissions.

    + Monitor properties monthly financial performance and manage residual receipt requirements with Regional Manager in accordance with the regulatory agreements.

    + Prepare breakeven calculations, cash flow analysis and other analytical reports as necessary.

    + Work with Controller and accounting firms to schedule audit package submissions and field work dates.

    + Review properties’ year end work papers as well as interact with auditors, property managers and regional managers to address open items.

    + Work with accounting firms to achieve the timely completion of audits as stipulated in the governing documents.

    + Review governing documents and prepare year end distribution calculations accordingly for controller’s review as well as overseeing the actual disbursements.

    + Work with the Construction Coordinator to track project progress, completion status and prepare payment applications.

    + Work with Project Coordinator and Property Accountant to schedule vendor payments if applicable.

    + Work with Property Accountant to issue the Contracting Service Department monthly financial statements including projects Status report and submit to CFO.

    + Other duties as assigned by a supervisor.

    + Working knowledge of at least five years’ experience with accounting for subsidized housing. Public Accounting experience is preferrable.

    + Experience supervising accounting staff.

    + Advanced MS Excel skills.

    + Knowledge of Yardi is beneficial.

    + Knowledge of HUD regulations as it applies to financial reporting.

    + Good written and verbal communication skills are necessary for interaction with clients, banks and State, Federal and City Regulatory agencies.