OUR CLIENT

A Top 10 nationally-ranked Affordable Housing Developer and Owner-Operator is seeking a full-time Controller to join their dynamic and growing team. This is a long-time client of KM Partners’ whom we have placed more than a dozen professionals with over the past 4 years throughout their persistent growth. Our client has an exceptional reputation for certainty to close in their deal execution, operational excellence, and the highest standards of integrity. This company’s culture of personal responsibility and accountability along with their work hard, play hard philosophy includes an emphasis on fun, collaborative team-building events. Most importantly, this is a meritocracy where on-the-job performance is highly valued and rewarded, offering an abundance of growth opportunities for top performers, as is seen with many of their internal promotions.

 

The Controller is responsible for the development and oversight of overall financial policies. The Controller will provide strategic direction for all financial functions that support our client's overarching business strategy and ensure that proper financial controls are in place. This position will work closely with various divisions throughout the company, including Asset Management, Development, and Construction Management.
 

ESSENTIAL RESPONSIBILITIES

Lead the Controller function and oversaw all company accounting to ensure proper maintenance of all accounting systems and functions, including:

• Development and enforcement of internal controls and financial procedures

• Lead the controllership function and oversee the monthly, quarterly, and yearly close process.

• Manage the external auditor relationship to ensure continuous improvement keeping the company ahead of the curve in terms of developing GAAP and its impact on accounting and financial reporting.

• Oversee that audits, tax returns, and management reports are prepared and filed on a timely basis

• Oversee all operational accounting functions such as billing, accounts payable, equity administration and accounting, accounts receivable, payroll, etc.

• Prepare and present financial materials to the President and/or Ownership.

• Support special business development projects in terms of deal evaluation, structure, purchase accounting, and due diligence.

• Multiyear Cashflow Projections and Cash flow planning to match the availability of funds with needs

• Accounting Department responsiveness to external and internal customers

• Ultimate oversight of capital/equity funding and draw schedule disbursements, tracking and reporting

• Financial tracking and reporting systems regarding affiliate and partnership needs, including cash flow, capital accounts, and equity with status reports

• Manage the Development Accounting team, currently three employees but anticipated to grow

• Oversee corporate financing strategies and activities, and banking relationships.

• Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans.

• Oversee the development and monitoring of budgets; present same to President and/or Ownership

• Develop financial business plans and forecasts to ensure corporate sustainability.

• Represent the company to financial partners, including financial institutions, investors, auditors, public officials, etc.

 

Work collaboratively with Asset Management and Development department heads to share in the oversight of housing acquisition and re-syndication activities, including:

• Re-syndications

  • Determining the timing for refinancing or re-syndication of existing properties and determining if properties require re-positioning (i.e. different mixes of subsidies, expansion, or changes in commercial space) to maintain sustainability

  • Manage funds set aside for making acquisition deposits and recommend funding amounts needed to expand the development efforts of the company

  • Legal, regulatory, and partnership compliance regarding all owner and property management functions

  • Planning, administering, and monitoring risk management activities, including annual guarantee exposure

  • Preparation and submission of quarterly and annual reports

  • Analyzing refinance and re-syndication possibilities

• Risk Management & Legal

  • With the President, oversees financial risk management. Responsible for maintaining and presenting the Multiyear Cashflow Projections and the Key Financial Risk Indicators Tracking tool at ELT and Board meetings

  • Oversees structuring and administration of corporate and partnership entities

  • Monitors pending and potential litigation, and oversees attorney relationships for general corporate matters

 

QUALIFICATIONS

• Experience in accounting for a real estate developer, owner-operator, or closely related business is a must-have.

• Previous experience as an accounting manager or above is required

• Experience in Affordable Housing or Low-Income Housing Tax Credits (LIHTC) would be nice to have but is not required 

• Experience in public accounting is a plus, but not required

• Prior experience with Internal Controls and Financial Procedures is required

• Ability to meet deadlines and provide prompt, insightful responses to internal clients, the accounting and finance staff, and external partners.

• Understands computer/software literacy with financial accounting systems Yardi experience would be a plus but is not required

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OUR FIRM

KM Partners’ national Executive Search and Professional Recruitment practice areas focus on high-growth, impact-investment-oriented businesses across relevant industries, including Investment Management, Real Estate, Clean Energy, Sustainable Infrastructure, and related Business and Professional Services. With a core focus in Tax Credits (LIHTC, NMTC, Historic, & Renewable), Multifamily, Affordable and Senior Housing, we partner with clients and place industry-specific professionals throughout the United States. At KM, we have established an unparalleled track record of repeat business and success recruiting in niche practice areas, including 140+ placements in Affordable Housing, which have led to 50+ promotions to date. We represent C-level Executive Leadership, Middle Management, and experienced Associates across industry professions.

If qualified, please contact:
Jay McCollins | Founder & Managing Partner 
303.495.3156 | jaym@kmcompanies.com

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