An Assistant Controller assists the controller in managing the cash flows and financial activities of an organization. Assists in the development of budgets, regulatory and tax compliance, staff development and other accounting and financial duties.
Assistant Controller at Truity Partners Assistant Controller at Truity Partners in Saint Paul, Minnesota Posted in 1 day ago.
Type:
full-time
Job Description:
Assistant Controller (42891) Our client is an organization in the Minneapolis, MN area looking for an Assistant Controller . Our client is looking for someone with a strong property accounting background, proven leadership experience, and expertise in affordable housing accounting. This individual will oversee the property accounting function across a diverse real estate portfolio while partnering with operational leaders to ensure accurate financial reporting, regulatory compliance, and continued process improvements. The salary range for this position is $100k-115k . The Assistant Controller will be responsible for, but not limited to, the following:
RESPONSIBILITIES
Oversee all accounting operations for a portfolio of approximately 45 properties, ensuring accurate and timely financial reporting. Manage the monthly, quarterly, and annual close processes for the property portfolio. Lead annual audit processes for approximately half of the property portfolio, coordinating with external auditors and internal stakeholders. Oversee tenant rent accounting and collection processes while ensuring the integrity of property financial records. Manage accounting for development projects, including construction and work-in-progress (WIP) accounting activities. Partner with property management leadership to develop annual operating budgets and monitor financial performance throughout the year. Ensure compliance with government contracts, loan agreements, affordable housing regulations, and third-party reporting requirements. Supervise and develop a team of accounting professionals, providing coaching, mentorship, and performance management. Oversee multi-entity accounting activities and ensure consistency across the property portfolio. Collaborate with corporate accounting and finance leadership to support organizational initiatives and reporting requirements. Identify opportunities to improve accounting processes, strengthen internal controls, and enhance operational efficiency. Utilize Yardi and other financial systems to support reporting, analysis, and accounting operations. Support special projects and strategic initiatives as assigned. The Assistant Controller will possess the following:
EXPERIENCE REQUIRED
Bachelor's degree in Accounting, Finance, or a related field required. 5+ years of progressive accounting experience, including leadership responsibilities, required. Property accounting or affordable housing accounting experience required. Strong knowledge of LIHTC programs and compliance requirements required. Proficiency with Yardi required. Experience supervising and developing accounting teams, including 3-4 direct reports. Experience with multi-entity accounting required. Experience with construction or work-in-progress (WIP) accounting is a plus. Strong understanding of financial reporting, audits, budgeting, and internal controls. Excellent organizational and project management skills with the ability to prioritize multiple competing deadlines in a fast-paced environment. Strong communication and interpersonal skills with a collaborative, team-oriented approach. Positive attitude, adaptable mindset, and patience working within evolving systems and processes. Equal Opportunity Employer The compensation philosophy reflects the Company's reasonable expectation at the time of posting. Actual compensation is influenced by a variety of factors including, but not limited to, skills, experience level, and overall qualifications. This role may also be eligible to participate in a discretionary incentive program and comprehensive benefits package, subject to the rules governing those programs.
