Controller, Finance and Accounting

Related • Boston, MA

5d • Hybrid

About The Position

Related Beal, LLC seeks a Controller, Finance and Accounting in our Boston, MA office to: Work closely with the Property Management and Development teams on the financial results of the properties. Oversee internal and external reporting, accounting, and cash management activities. Responsible for leading the strategic planning, in partnership with senior leadership and accounting. Responsible for forward-looking financial analysis to support senior management across Related Beal’s platforms in decision making and planning for the Related Beal corporate and various business entities. Oversee management reporting, budgeting and forecasting, governance of fee arrangements, corporate overhead and time allocation management. Lead strategic financial planning and analysis for the platform and businesses within the organization, including: Lead the preparation of the annual budget and monthly forecast process; Create comprehensive business plan models with analysis on critical issues and risks and opportunities with the goal of improving cash flows and business operations; With FP&A Analyst, prepare quarterly senior management reporting packages with budget to actual variance analysis, cash flow reforecasting, and headcount reporting; Collaborate with Development and Accounting teams to prepare monthly project cash flow forecasts; and Collaborate with NY team for monthly & quarterly deliverables. Lead the development and implementation of platform level financial models, reports, and other analyses. Manage the consolidation of portfolio-wide cash flows and financial information, oversee the validation of underlying data and assumptions. Report on portfolio-wide metrics including, but not limited to: capital events, investment and return metrics, liquidity, and valuation. Review and oversee the timely delivery of all monthly and annual accounting activities, billing, cash management, and accounts payable. Lead external audit and tax reporting and ensure the timely distribution to lenders, partners and regulators. Review and oversee lender reporting. Authorize property disbursements, including electronic banking transmittals (ACH’s, wires, electronic book transfer, stop payments and opening and closing of bank accounts) for managed properties utilizing Treasury Management systems. Mentoring the accounting team for future advancement, and providing day to day leadership, guidance, motivation and support. Collaborate with development, corporate operations, property management and project teams to manage project and platform overhead budgets, produce monthly reporting on budget vs actuals, and oversee quarterly reforecasting of overhead budgets. Streamline intercompany payment of all monthly management fees and salary reimbursements from managed properties. Lead special projects, as required. Participate in acquisition due diligence efforts. Prepare ad-hoc analysis for senior executives. Document key policies and procedures.

Requirements

• Bachelor’s degree (or foreign equivalent) in Accounting, Finance, or related field and five (5) years of experience in financial planning and analysis, accounting, or consulting.
• Specifically, must have at least five (5) years of experience with: Supporting FP&A for RE development, construction, property management, or similar business teams to provide financial information, reporting, and budget support; Preparing year-end tax projections and financial models for executives and senior management; Preparing monthly development funding requisitions, capital calls, and cash flow forecasts; Supporting quarterly and year-end tax, cash, and GAAP reporting, including external audit requirements; Creating reporting templates and formulate analysis-using applications such as Excel, JD Edwards, Textura, Hubble, and Yardi accounting software; Preparing and assisting in calculating waterfall distributions; Supporting system improvement initiatives, including streamlining and automating processes, converging accounting systems, and enhancing internal controls; Assist with special projects and ad hoc requests.
• Four (4) years of experience is required with preparing annual CAM/RET reconciliations.

Responsibilities

• Work closely with the Property Management and Development teams on the financial results of the properties.
• Oversee internal and external reporting, accounting, and cash management activities.
• Responsible for leading the strategic planning, in partnership with senior leadership and accounting.
• Responsible for forward-looking financial analysis to support senior management across Related Beal’s platforms in decision making and planning for the Related Beal corporate and various business entities.
• Oversee management reporting, budgeting and forecasting, governance of fee arrangements, corporate overhead and time allocation management.
• Lead strategic financial planning and analysis for the platform and businesses within the organization
• Lead the preparation of the annual budget and monthly forecast process
• Create comprehensive business plan models with analysis on critical issues and risks and opportunities with the goal of improving cash flows and business operations
• With FP&A Analyst, prepare quarterly senior management reporting packages with budget to actual variance analysis, cash flow reforecasting, and headcount reporting
• Collaborate with Development and Accounting teams to prepare monthly project cash flow forecasts
• Collaborate with NY team for monthly & quarterly deliverables.
• Lead the development and implementation of platform level financial models, reports, and other analyses.
• Manage the consolidation of portfolio-wide cash flows and financial information, oversee the validation of underlying data and assumptions.
• Report on portfolio-wide metrics including, but not limited to: capital events, investment and return metrics, liquidity, and valuation.
• Review and oversee the timely delivery of all monthly and annual accounting activities, billing, cash management, and accounts payable.
• Lead external audit and tax reporting and ensure the timely distribution to lenders, partners and regulators.
• Review and oversee lender reporting.
• Authorize property disbursements, including electronic banking transmittals (ACH’s, wires, electronic book transfer, stop payments and opening and closing of bank accounts) for managed properties utilizing Treasury Management systems.
• Mentoring the accounting team for future advancement, and providing day to day leadership, guidance, motivation and support.
• Collaborate with development, corporate operations, property management and project teams to manage project and platform overhead budgets, produce monthly reporting on budget vs actuals, and oversee quarterly reforecasting of overhead budgets.
• Streamline intercompany payment of all monthly management fees and salary reimbursements from managed properties.
• Lead special projects, as required.
• Participate in acquisition due diligence efforts.
• Prepare ad-hoc analysis for senior executives.
• Document key policies and procedures.

Benefits

• Personalized Health Care: Multiple medical, dental, and vision plan options; Employee Assistance Program
• Financial Benefits: Competitive salary and incentive packages; matching 401(k); FSAs and HSA; employer-paid life and AD&D insurance; paid leave & disability programs
• Social Wellness: 19+ days of PTO; mental health counseling & resources; fertility, surrogacy, and adoption assistance; volunteer days and donation matching
• Career Development: Learning & training programs; tuition & certification reimbursement; internal advancement opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level