Controller

TITLE: PROPERTY CONTROLLER

Position Overview:

We are seeking an experienced, execution-focused individual to oversee and manage the accounting and finance functions of our portfolio and operating company. You will report directly to 109Co’s Managing Partner.

Key Responsibilities:

Financial Reporting, Budgeting and Forecasting

• Manage the production of monthly, quarterly, and annual GAAP-compliant financial reports for joint venture partners, investors, and lenders
• Perform variance analysis and identify key drivers and recommend solutions
• Lead compilation, preparation and submission of operating and capital budgets
• Monitor reporting requirements in joint venture, property management and loan agreements
• Oversee municipal compliance filings, including RPIE submissions and Tax Commission 201 (TC201) filings
• Lead interim and annual audit processes in coordination with auditors, external accountants, and bookkeepers
• Coordinate with third party accounting firms in preparation and submission of tax returns Manage K-1 distribution process
• Handle PTET (Pass-Through Entity Tax) filings and payments

Cash Management and Banking

• Manage bank accounts, property-level cash balances, and prepare cash analysis reports Monitor property-level cash balances and manage banking portals
• Manage loan administration including debt service payments, monthly waterfalls, loan requisitions and lender communications
• Manage capital calls/distributions by forecasting cash flows and prepare cash forecasting summaries

Financial Management and Operations

• Serve as the primary finance contact for joint venture partners, investors, lenders, and 109Co departments
• Review operating and joint venture agreements to determine the calculation 109Co fees Oversee Yardi implementations and updates
• Oversee internal control processes including AR/AP and lease administration
• Oversee new acquisitions onboarding

Qualifications:

• 5+ years of relevant experience
• CPA is preferred but not required
• Proficient in Microsoft Excel and Yardi
• Familiarity with AI tools (e.g. Claude) for process optimization