Commercial Real Estate Controller

Torrey Pines Real Estate Investments La Jolla, CA

Company

Torrey Pines Real Estate Investments

Location

La Jolla, CA

Type

Full Time

Job Description

Commercial Real Estate Controller Job Description/Requirements: We are seeking an experienced Commercial Real Estate Controller to lead the accounting and financial operations of a diverse real estate portfolio. The ideal candidate will have a strong background in real estate accounting and financial reporting, possess leadership capabilities, and demonstrate mastery of Yardi Voyager. This role is responsible for overseeing the general ledger, property-level reporting, budgeting, CAM reconciliations, and cash flow management for a portfolio of commercial properties. Office is located in the village of La Jolla, CA. Pay based on experience. QUALIFICATIONS and EXPERIENCE: Qualifications: • Bachelor’s Degree in Accounting, Finance, or related field (CPA strongly preferred). • Minimum 7+ years of progressive accounting experience, including 3+ years in a controller or similar leadership role within commercial real estate. • Expert-level proficiency in Yardi Voyager is required. • In-depth knowledge of real estate lease structures (NNN, modified gross, full-service), CAM reconciliation processes, and real estate tax treatments. • Experience working with real estate investors, lenders, and joint venture partners. • Strong analytical, organizational, and communication skills. • Proficient in Microsoft Excel and financial modeling. Preferred Experience: • Experience managing a portfolio of office, retail, or industrial assets. • Exposure to property acquisitions, dispositions, and financing. • Familiarity with GAAP, 1031 exchanges, and group-level reporting ESSENTIAL DUTIES and RESPONSIBILITIES: Accounting & Financial Reporting • Oversee the preparation of monthly, quarterly, and annual financial statements in accordance with GAAP. • Ensure accurate and timely property & group level financials including rent rolls, income statements, and balance sheets. • Manage month-end and year-end closing processes. • Perform and review monthly bank, credit card, and balance sheet reconciliations. Budgeting & Forecasting • Lead the annual budgeting process for each asset, working in coordination with asset management and property management teams. • Track and report on actual performance vs. budget; provide variance analysis. • Prepare property-level and portfolio-wide forecasts and cash flow models. Tenant Billing & Reconciliations • Oversee CAM, insurance, and real estate tax reconciliations. • Manage rent escalations, percentage rent, lease abstracting, and tenant recovery calculations. • Coordinate closely with property management to ensure accurate tenant billing. Compliance & Controls • Maintain strong internal controls and accounting policies and procedures. • Coordinate with external auditors and tax advisors to support audits, tax returns, and compliance filings. • Ensure compliance with lender, investor, and regulatory reporting requirements. Team Leadership • Manage, train, and develop accounting staff. • Assign duties, oversee performance, and ensure alignment with company standards and deadlines. COMPENSATION and BENEFITS: • Competitive base salary ($150,000 - $175,000) • Annual performance bonus • Health • Paid time off and holidays • Professional development support Job Type: Full-time Pay: $150,000.00 - $175,000.00 per year Benefits: • 401(k) • Health insurance • Paid time off • Professional development assistance Ability to Commute: • La Jolla, CA 92037 (Required) Ability to Relocate: • La Jolla, CA 92037: Relocate before starting work (Required) Work Location: In person
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Date Posted

08/26/2025

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