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Controller

Westminster Capital

Controller

Los Angeles, CA
Full Time
Paid
  • Responsibilities

    In-Person Position (Pacific Palisades) We are a family office that handles holdings in Real Estate throughout Southern California and across the US, sophisticated trust and estate planning, luxury real estate development, and several other businesses. We are looking for an experienced controller with 10+ years of accounting experience to join our team. This is an in-person position in our office in the Pacific Palisades 5 days/week. Competitive pay and benefits are offered. Responsibilities: INCOME TAX • Manage engagement of multiple CPA firms • Manage all filings, payments, and deadlines including extensions and qtr estimates • Annual consolidated corporate financial report (CPA Review) TREASURY • Monitor and maintain all cash balances • Initial all transfers, Wires, and ACH disbursements • 20+ entities • DDA’s, Savings, Investment portfolios DISTRIBUTIONS TO PRINCIPALS AND RELATED PARTIES • Maintain schedules and calculations • Initiate and record all cash disbursements (bank transfer, ACH, etc) • Prepare personal financial statements for all loan applications • Bank reconciliations and month close for all entities (with assistance from staff accountant) • Manage/maintain Yardi GL system including chart of accounts, entity/property list, templates, recurring transactions, etc • Weekly and monthly detailed cash reporting MONTHLY INTERNAL FINANCIAL AND MANAGERIAL REPORTING FOR ALL ENTITIES • Balance sheet • Income statement • Cash flow • Budget variance • Management Discussion and Analysis • Create and maintain annual budgeting, including monthly detailed variance analysis • Day-to-accounting, including AP processing (with assistance from staff accountant) • Semi-monthly Payroll and 401-K distributions • Manage related party receivables/payables, maintaining reconciled balances across entities • Special projects • Investor reporting • Manage Project Accountant staff CONSTRUCTION ACCOUNTING RESPONSIBILITIES: • Project Accounting/Reporting • Prepare Construction/Development Project Cost Control & Reporting Package • Project Cost Variance Reports • Project Schedule • Maintain Job Costs Summary • Maintain summary and administration of change orders • Prepare/maintain construction loan draw • Review monthly AIA Form 702/703 • Review accuracy of third-party reports • Contract Administration CORPORATE ACCOUNTING • Yardi management • Assist in preparing tax projections and input packages • A/P • Bank recs • J/E’s • Reconcile wire x-fer and transfers • Prepare investment reporting summary • Maintain and update 12-month projected corporate consolidating cashflow PROPERTY MANAGEMENT ACCOUNTING • AP • Review and maintain tenant records, including clean tenant ledgers • Perform month-close procedure • Prepare monthly financial package including budget vs actual analysis, delinquency reports, ; easing reports, etc. ANALYSIS • Prepare commercial property accounting reconciliations • Review project proforma and financing packages for accuracy • Assist in the preparation of special projects and financial proforma reconciliations COMPLIANCE • Manage debt compliance review • Manage note receivable compliance • Assist in escrow coordination Qualifications: • 10+ years of accounting experience with additional experience in real estate construction, property management, trust and estate planning, and/or private equity. • Yardi experience required. • Bachelor's Degree in Accounting, Finance, Economics or related field. • Master's Degree preferred but not required. • GAAP Knowledge • CPA preferred but not required. • Fluency in Microsoft Office suite (Outlook, Excel, Word, PowerPoint, etc.) • Strong written, verbal and collaboration skills • We will consider for employment all qualified Applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance Compensation: $150,000 - $200,000 yearly

    • Income Tax • Manage engagement of multiple CPA firms • Manage all filings, payments, and deadlines including extensions and qtr estimates • Annual consolidated corporate financial report (CPA Review)Treasury • Monitor and maintain all cash balances • Initial all transfers, Wires, and ACH disbursements • 20+ entities • DDA’s, Savings, Investment portfoliosDistributions to principals and related parties • Maintain schedules and calculations • Initiate and record all cash disbursements (bank transfer, ACH, etc) • Prepare personal financial statements for all loan applications • Bank reconciliations and month close for all entities (with assistance from staff accountant) • Manage/maintain Yardi GL system including chart of accounts, entity/property list, templates, recurring transactions, etc • Weekly and monthly detailed cash reportingMonthly internal financial and managerial reporting for all entities • Balance sheet • Income statement • Cash flow • Budget variance • Management Discussion and Analysis • Create and maintain annual budgeting, including monthly detailed variance analysis • Day-to-accounting, including AP processing (with assistance from staff accountant) • Semi-monthly Payroll and 401-K distributions • Manage related party receivables/payables, maintaining reconciled balances across entities • Special projects • Investor reporting • Manage Project Accountant staffConstruction Accounting Responsibilities: • Project Accounting/Reporting • Prepare Construction/Development Project Cost Control & Reporting Package • Project Cost Variance Reports • Project Schedule • Maintain Job Costs Summary • Maintain summary and administration of change orders • Prepare/maintain construction loan draw • Review monthly AIA Form 702/703 • Review accuracy of third-party reports • Contract AdministrationCorporate Accounting • Yardi management • Assist in preparing tax projections and input packages • A/P • Bank recs • J/E’s • Reconcile wire x-fer and transfers • Prepare investment reporting summary • Maintain and update 12-month projected corporate consolidating cashflowProperty Management Accounting • AP • Review and maintain tenant records, including clean tenant ledgers • Perform month-close procedure • Prepare monthly financial package including budget vs actual analysis, delinquency reports, ; easing reports, etc.Analysis • Prepare commercial property accounting reconciliations • Review project proforma and financing packages for accuracy • Assist in the preparation of special projects and financial proforma reconciliationsCompliance • Manage debt compliance review • Manage note receivable compliance • Assist in escrow coordination