Financial Controller

Recruiter
Cypress Point Equity Partners
Location
Houston
Salary
Competitive
Posted
19 Aug 2019
Closes
20 Aug 2019
Contract type
Permanent
Hours
Full time
The Financial Controller will work closely with the Owner and be responsible for the accounting and financial reporting in connection with Cypress Point's portfolio of assets and related entities.Essential functions and responsibilities include:Coordinate and interact with the Owner with respect to accounting and financial reporting for new and ongoing investmentsPrepare monthly financial statements for the individual properties for external users, including banks, existing investors and potential investorsResponsible for reviewing the general ledgers for individual properties, including monthly journal entries, income and expense accruals, revenue recognition, expenses, and GAAP adjustmentsPrepare monthly budget–to–actuals reports as it relates to property performance and capital expenditures for review by Senior Management to assist with performance monitoring and decision makingCoordinate financial reporting and accounting with multiple joint venture partners with varying levels of reporting requirementsAssist with acquisition/disposition of investments by determining the capital requirements to close an acquisition, ensuring that capital is funded at the appropriate time, and calculating net returns to investorsPerform daily and/or monthly cash management responsibilities, including wire transfers, cash projections, and reviewing/initiating A/PMaintain escrow balances, and assist in the preparation of draw requests for lendersPrepare monthly bank statement reconciliations and resolve all reconciliation items in a timely mannerReview coding of invoices to fixed asset accounts and expense accounts to verify they are classified correctlyReview and approve quarterly cash distributions from the propertiesAssist with ongoing operational items that impact accounting and work with property level staff to resolve