Controller

The Controller will manage the day-to-day financial activity and reporting for a portfolio of real estate assets and construction projects for Ovation Senior Investments (the development side of MorningStar's business). 

POSITION DESCRIPTION

Consolidated Portfolio

• Manage the day-to-day financial activity and reporting for a portfolio of Real Estate assets and Construction projects.
• Prepare financial documents, business reports, financial forecasts and statements and manage the cash planning of the consolidated parent company (OSI).
• Manage venture accounting/reporting (including covenant compliance) for Ovation and Ovation/MSL entities, including (when applicable) reporting for primary joint venture entity. May also include acting as point person for outside audits or reviews. 
• Produce monthly/quarterly financial statements and cash forecasts for Ovation entities as required for bank or partner reporting and cash management (with consultation and review from outside consultants).
• Managing Treasury functions: disbursing funds, paying bills & capital calls
• Prepare bank reconciliations and balance sheet reconciliations
• Prepare payroll/vacation/benefits accrual
• Recording journal entries.  Properly record transactions involving capital calls and distributions, purchase of new capital equipment
• Manage the accounting of select real estate investment properties (entries, wires) Analyze and explain Budget to Actual variances
• Ensure the accurate and timely submission of employee expense reports.  Organization and recording of travel expenses and other business reimbursable.

Construction Projects

• Manage draw accounting for projects under construction and in pre-construction, including communication with partners and banks.
• Review and track general contractor monthly payment applications for accuracy in coordination with the Development Manger
• Setting up new entities in Accounting System and new bank accounts for new projects
• Assist in the closing process for new projects to ensure a seamless transition from the transaction team to accounting

Tax Matters

• Point person for tax filings, including creating and maintaining files for each Ovation entity. Understand and manage legal organizational charts and any ongoing changes with assistance and oversight from CFO/Controller and outside consultants.
• Analyze tax forms such as 1040, 1065, K-1’s, W-9’s, 1099’s, etc. in order to property record entries and prepare consolidated financial reporting.  Assembling related information for outside tax consultant. 
• Calculate, report and remit Sales and Use taxes

General

• Excellent communication and interpersonal skills and a positive attitude
• Independent worker, self starter and able to thrive in a fast paced environment.
• Strong organization skills; Ability to handle multiple tasks and manage time effectively; detail oriented
• Solid understanding of GAAP and applicable regulations
• Assist with various accounting projects as needed
• Maintain strict professional confidentiality
• Attend training programs within the organization regarding customer service, continuing education, etc.

QUALIFICATIONS:

• Demonstration of our Core Values: Love, Kindness, Honesty, Goodness, Fairness, Respect
• Demonstrated success in all areas listed above
• Bachelor’s degree in Accounting, required.  Bachelor’s degree in Finance or Business may be considered.

• Active CPA or CPA candidate, preferred.
• 6+ years accounting experience in Senior Living or Real Estate required.
• Solid understanding of GAAP and applicable regulations

• Use of Yardi accounting software highly preferred.  Knowledge of other major software systems may be considered.
• Advanced Excel skills

Pay Range for this position is expected to be $135,000 – 145,000 annually. 

EEO