Commercial Real Estate Controller

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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