Assistant Controller

Maloney Properties – Voted “Best Place to Work” by its employees for 9 years!

About Us

Established in 1981, Maloney Properties, Inc. (MPI) is a successful women-owned business.  Our services include property management, real estate development, hospitality management, sales/marketing, and construction management services.  We manage more than 100 housing communities with more than 11,000 units throughout the New England area. 

We attribute our success to the effective working partnerships we have created with both clients and staff.  MPI has developed a unique culture and work environment that is a significant factor in our success and enables us to attract and retain the best talent and finest professionals in the industry. As a result, MPI has a high employee retention rate with an average employee tenure of more than 10 years.

We are a company with a human focus and feel passionately and genuinely that our employees are our greatest asset.  We are dedicated to teamwork, staff development and training.  We have created a community within our company; we set clear goals and work together to achieve them. Maloney Properties is an Equal Opportunity Employer.

Your Responsibilities

Maloney Properties accounting department is looking for a highly motivated and analytical individual with real estate accounting experience for the assistant controller position.  The successful individual will also have a strong desire to be part of a true, diverse team and to work in an environment that fosters learning through interaction with other property management professionals in a stable and growing company.  Possibility to work fully remote after the first 3 months.

Responsibilities include, but are not limited to: 

• Lead, instruct and supervise three to five Property Accountants,
• Assist Property Accountants and Regional Managers with weekly cash management.
• Prepare or review monthly, quarterly, and annual property reports to ensure their timely submissions. 
• Monitor properties monthly financial performance and manage residual receipt requirements with Regional Manager in accordance with the regulatory agreements. 
• Prepare breakeven calculations, cash flow analysis and other analytical reports as necessary. 
• Work with Controller and accounting firms to schedule audit package submissions and field work dates.
• Review properties’ year end work papers as well as interact with auditors, property managers and regional managers to address open items.
• Work with accounting firms to achieve the timely completion of audits as stipulated in the governing documents.
• Review governing documents and prepare year end distribution calculations accordingly for controller’s review as well as overseeing the actual disbursements.
• Work with the Construction Coordinator to track project progress, completion status and prepare payment applications.
• Work with Project Coordinator and Property Accountant to schedule vendor payments if applicable.
• Work with Property Accountant to issue the Contracting Service Department monthly financial statements including projects Status report and submit to CFO.
• Other duties as assigned by a supervisor.

Your Qualifications

• Working knowledge of at least five years’ experience with accounting for subsidized housing. Public Accounting experience is preferrable.
• Experience supervising accounting staff.
• Advanced MS Excel skills.
• Knowledge of Yardi is beneficial.
• Knowledge of HUD regulations as it applies to financial reporting. 
• Good written and verbal communication skills are necessary for interaction with clients, banks and State, Federal and City Regulatory agencies.

Compensation & Benefits:

MPI offers a family friendly workplace and healthy work-life balance.  In addition to a competitive salary and benefits package we also offer the following:

• Training programs and opportunities that lead to employee advancement and promotions. 
• A flexible work schedule and the ability in many cases to work remotely. 
• A generous Employee Referral Program with a bonus of up to $1,000 per hire.
• Volunteer and fundraising opportunities for annual causes such as the AIDS Walk and Stand Against Racism, just to name a few.