The Robert Toigo Foundation

Assistant Controller

Graceada Partners
Published
January 14, 2022
Location
1300 K Street, Modesto, California, California
Category
Job Type

Description

Assistant Controller

About Graceada Partners

Graceada Partners is a Modesto, CA based real estate private equity firm focused on institutionalizing value-add investing in secondary & tertiary markets. Our growing team demonstrates a culture of honesty, integrity, extreme ownership, positivity, humility, and excellence in everything we do. Over the last five years, we have sponsored 10 individual syndications, two discretionary closed-end funds, and just launched our third closed-end fund. We will have $1 billion AUM in the next two years, growing to $5 billion AUM over the next decade.

Full Job Description

As an Assistant Controller with Graceada Partners, you will provide financial and business-related analyses to assess the impact of various real estate transactions.

 

Job Type

Full Time - Salary

 

Benefits

Health Insurance, Dental Insurance, Vision Insurance, Life Insurance, 401(k) & 401(k) matching, Paid time-off and Sick time-off

 

Primary Responsibilities:

  • Oversee daily operations, monthly close process, and preparation of financial statements and joint venture rollups to ensure accuracy of tenant data and financial statements and identify any corrections or training needed
  • Prepare and review complex accounting entries related to property acquisitions, dispositions, refinances, recapitalizations, and joint ventures
  • Monitor property and portfolio cash positions to ensure funds are available for operating expenses and acquisitions, dispositions, and refinancing activity and resolve payment questions
  • Manages day-to-day treasury operations including corporate cash management, banking structure and funding operations
  • Review financial reports for joint venture, lender, and third-party owners including cash analysis schedules, draw requests, and other related documents
  • Reconcile, investigate, and resolve accounting transactions related to financial statements
  • Work with the accounting team and property managers to analyze tenant ledgers and resolve tenant questions
  • Communicate with investment team regarding capital accounts, draws, capital calls, and periodic reporting
  • Monitor and manage year-end tax preparation and audit schedule preparation
  • Read and understand legal agreements including operating agreements, management agreements, loan documents, leases, etc. and apply knowledge to property reporting.
  • Train and mentor accounting team members and provide periodic performance reviews
  • Perform general accounting duties including data input, filing, scanning, and organizing information
  • Other duties as assigned by the Controller, VP of Finance, or Company Principals

 

Required Skills and Qualifications:

  • Bachelor’s Degree in Accounting, Finance or similar (Required)
  • GAAP: 3-5 years (Preferred)
  • At least 3 to 5 years of relevant experience
  • Ability to analyze financial data and prepare financial reports, statements, and projections
  • Computer proficiency in Microsoft Office suite with advanced Excel skills

 

What will set you Apart:

  • CPA preferred, not required
  • Property and/or fund accounting experience preferred
  • Yardi experience preferred
  • Solid knowledge of GAAP and regulations
  • Excellent knowledge of accounting and financial processes, with respect to investment funds
  • Strong written, verbal, and interpersonal skills
  • Solid analytical, mathematical, and problem-solving skills
  • Ability to manage multiple projects within tight timeframes

 

Physical Requirements and Working Conditions:

  • Works in an office environment
  • Frequently sits for long periods of time
  • Frequently speaks, reads, writes, and uses a computer keyboard
  • May require occasional standing, walking, lifting, stooping, or bending

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