Controller - job 1 of 2
Job Title: Controller
Location: Los Angeles, CA
Industry: Commercial Real Estate
About the Role: We are seeking a highly skilled and detail-oriented Controller to oversee all financial and accounting operations for our organization, including restaurant operations and real estate management. The Controller will be responsible for financial reporting, compliance, cash management, and internal audits, ensuring all financial transactions are accurate, timely, and in compliance with regulations.
- Daily Accounting and Cash Management:
- Review and audit daily sales and cash analysis for restaurant operations.
- Oversee cash flow, bank balances, and liquidity management.
- Supervise all daily accounting functions, including accounts payable (A/P), accounts receivable (A/R), and bank reconciliations.
- Conduct internal audits to ensure accuracy in expenditures, billings, assets, and liabilities.
- Financial Compliance and Reporting:
- Ensure compliance with city, county, and state tax laws, business registrations, and licensing requirements.
- Prepare and submit monthly financial reports, including cash flow statements, property performance reports, and sales schedules.
- Coordinate with external CPA for financial reporting, tax filings, and audits.
- Maintain an organized and paperless accounting filing system.
- Accounting Support for Business Transactions:
- Assist with accounting aspects of new acquisitions, including escrow, insurance, and asset recording.
- Manage new entity formations, including business registration, EIN applications, and bank account setup.
- Prepare financial reports and schedules for refinancing activities.
- Oversee construction project accounting, including funding and expense monitoring.
- Manage financial aspects of property sales and dispositions, including escrow and asset disposal recording.
- Periodic Financial Responsibilities:
- Prepare and process payroll for real estate management on a semi-monthly basis.
- Monitor distribution checks from outside investments.
- Ensure timely financial coordination with property management teams.
- Submit quarterly lender reporting requirements and sales schedules.
- File quarterly payroll and sales tax returns.
- Oversee annual audits, including worker’s compensation and tax filings.
- Ensure all balance sheet accounts are reconciled, including cash, fixed assets, investments, and mortgage loans.
- Process tax return extensions and estimated tax payments.
- Prepare annual business licenses and Statement of Information renewals.
- System Implementation and Process Improvement:
- Lead the setup, transition, and implementation of a new accounting system (YARDI).
- Identify and implement improvements in financial processes and internal controls.
- Bachelor’s degree in Accounting, Finance, or a related field.
- CPA, CMA, or relevant certification preferred.
- Minimum of 5-7 years of experience in accounting or financial management.
- Experience in restaurant and/or real estate accounting is highly desirable.
- Proficiency in accounting software, with experience in YARDI a plus.
- Strong knowledge of tax laws, financial reporting, and compliance.
- Excellent analytical, problem-solving, and communication skills.
- Ability to multitask and manage multiple entities and financial projects.
- Competitive salary and benefits package.
- Opportunity to work in a dynamic and growing company.
- Leadership role with direct impact on financial strategy and decision-making.
- Collaborative work environment with a focus on innovation and efficiency.
If you are a results-driven accounting professional with a passion for financial management, we encourage you to apply!
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We're excited to invite applications for the Controller position at our dynamic commercial real estate and restaurant operations company in sunny Los Angeles! In this leadership role, you'll take charge of our financial health and steer our accounting practices, ensuring precision and compliance. As the Controller, you will manage everything from daily accounting tasks, like reviewing sales and handling cash management, to preparing financial reports and coordinating audits with external CPAs. Your keen eye for detail will ensure accuracy in all our financial dealings, allowing us to thrive in our multifaceted industry. On top of that, you'll spearhead the implementation of our new accounting system, YARDI, and drive process improvements that foster innovation across departments. With a competitive salary ranging from $175,000 to $225,000, and a collaborative culture that values your input, this is an incredible opportunity to impact our financial strategy directly. If you have a strong background in accounting and financial management, particularly in the restaurant or real estate realms, you're just who we're looking for. Join us and help shape our financial future while working alongside a talented team that is as passionate about their work as you are!
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