Assistant Controller

State

Douglaston, NY

Specialism

Property , Real Estate

Compensation

$150,000 - $175,000

A well-established Queens-based property management company is seeking an experienced and hands-on Assistant Controller to join their accounting leadership team. This position plays a key role in overseeing financial operations across a portfolio of affordable housing properties, with responsibilities spanning budgeting, month-end close, audits, and strategic process improvements. The ideal candidate will bring strong affordable housing accounting expertise, exceptional analytical skills, and a collaborative leadership style.

Key Responsibilities:

  • Oversee day-to-day accounting functions and month-end close processes across multiple affordable housing properties.
  • Coordinate with leasing and property managers to ensure accuracy in tenant ledgers, subsidy tracking, and split-ledger reconciliations.
  • Review and analyze general ledger activities, prepare journal entries, and complete bank reconciliations.
  • Assist in the preparation of financial statements and management reports for internal and external stakeholders.
  • Lead and support budgeting and forecasting processes, ensuring accuracy and alignment with property and organizational goals.
  • Prepare and review variance analyses, cash flow reports, and other key financial metrics.
  • Support annual audits, tax filings, and compliance with applicable affordable housing regulatory requirements.
  • Implement and maintain effective internal controls, accounting policies, and procedures to ensure compliance and integrity of financial data.
  • Partner cross-functionally on strategic initiatives, including technology integration and process improvement related to revenue management and reporting.
  • Proactively identify and resolve accounting issues to ensure transactions are properly recorded and financial reporting remains accurate.

Qualifications:

  • Bachelor’s degree in Accounting, Finance, or related field required; CPA or MBA preferred.
  • 7–10 years of accounting experience within the property management or real estate industry, with a strong focus on affordable housing programs.
  • In-depth understanding of HUD, LIHTC, and other affordable housing regulations.
  • Proficiency in Yardi and advanced Microsoft Excel skills.
  • Excellent analytical, organizational, and communication skills.
  • Demonstrated ability to lead, prioritize, and execute in a fast-paced, team-oriented environment.
  • Strong problem-solving mindset with a commitment to accuracy, timeliness, and continuous improvement.

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