New Opportunity: Controller

Controller
ABOUT THE COMPANY
Pacific Realty Associates, L.P. (“PacTrust” or the “Firm”) is a fully integrated real estate development and investment firm based in Portland, Oregon. PacTrust has been active in commercial real estate for more than 50 years and is among the largest real estate developers and investment property owners in the Pacific Northwest. The Firm’s real estate portfolio consists of industrial, industrial/flex, office, retail, hospitality, and agricultural properties, with assets in the Pacific Northwest, California, Texas, and Maryland. www.pactrust.com.
THE ROLE
PacTrust is seeking a Controller to join its corporate headquarters in Portland, Oregon, reporting directly to the Chief Financial Officer. The candidate will be a key member of the team and be responsible for overseeing all financial accounting, debt reporting & compliance, treasury, financial planning & analysis, tax planning, and filing. Additionally, the candidate will collaborate with the Firm’s investment and asset management teams and will be involved with the operations of the business, specifically related to budget and forecast analysis.
Qualified candidates must be self-motivated, extremely detail-oriented, organized, and intellectually curious, and must have deep experience working with and managing teams. The Controller must also embrace the Firm’s collaborative and positive culture, be an effective multitasker, and be comfortable working with and supporting various departments and functions. The Firm benefits from a strong, long-standing capital structure with established policies and procedures, but the Controller will be a key member of the Senior Management team tasked with guiding the Firm into the future and growing the business. The Controller will manage a team of accountants, with additional headcount potentially added in the future based on growth and/or reporting needs.
RESPONSIBILITIES
The Controller will lead the Firm in the following areas:
Financial Accounting & Reporting
- Manage monthly and quarterly financial statement preparation and related reports and projections.
- Prepare subsidiary financials and review monthly financial packages from joint-venture partners.
- Review and approve various balance sheet account reconciliations.
- Oversee fixed asset accounting and maintain all depreciation schedules within the Firm’s Fixed Asset System (Sage).
- Prepare valuation support schedules and related reports for quarterly fair value accounting purposes.
- Set up and manage construction jobs in the Firm’s ERP system (Yardi) to ensure appropriate capitalization of development expenses.
- Treasury:
- Ensure the Firm’s cash disbursement and cash management controls are appropriately adhered to and adequately documented.
- Prepare cashflow forecasts and monitor cash receipts to ensure sufficient liquidity at all times.
- Administer the Firm’s credit card platform (US Bank) and process daily ACH clearings and vendor updates.
- Administer the Firm’s cash disbursement system (SinglePoint) and setup/approve ACH, book, and wire transfers.
Financial Planning & Analysis:
- Prepare annual budgets for the Firm’s operating company and managing member entities, with monthly forecast updates.
Tax Planning & Filing:
- Coordinate annual tax return preparation with the Firm’s third-party tax advisor (Deloitte) and ensure all filing requirements are satisfied.
- Prepare tax work papers for the various entities under management.
- Prepare quarterly estimated taxable income projections and estimated required tax payments.
- Prepare and process personal property tax filings for various jurisdictions, as required.
- Process tenant association tax returns, where applicable.
Team Leadership & Development:
- Lead, mentor, and develop a high-performing accounting team.
- Foster a culture of continuous improvement, promoting efficiency, accuracy, and best practices.
- Manage performance, establish clear development goals, and provide ongoing coaching for team members.
Other:
- Coordinate annual audit with the Firm’s third-party auditor (Deloitte) and oversee preparation of audit workpapers.
- Prepare, on an annual basis, lease analysis files for each park with corresponding updates in Yardi as necessary.
EDUCATION, EXPERIENCE & SKILLS REQUIRED
Education
- Bachelor’s Degree in Accounting or Finance required
- CPA strongly preferred.
Knowledge & Experience
- 10+ years of professional experience with prior controller or similar experience required.
- Experience with commercial real estate and real estate development accounting and reporting is preferred.
- Working knowledge of real estate valuation frameworks (discounted cash flow, cap rates, etc.) and financial concepts is preferred.
- Working knowledge of real estate development and asset management functions is preferred.
- Working knowledge of tax concepts and considerations as they relate to commercial real estate investment and legal entity structuring is preferred.
Skills & Abilities
- Proven track record of building and managing high-functioning teams.
- Impeccable integrity and honesty.
- Exceptional analytical, problem-solving, and strategic thinking abilities.
- Collaborative and effective team player.
- Proficient with ERP systems and MS Office Suite. Yardi experience a plus.
- Excellent interpersonal, oral, and written communication skills; strong presentation skills.
- Initiative-taker with high energy and commitment to work within a dynamic, collaborative and entrepreneurial environment.
- Strong business writing skills.
- Ability to build and manage strong relationships internally and externally.
- Accountable to deadlines with the ability to manage and prioritize work.
PacTrust is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, genetic information, sexual orientation, gender identity, status as a protected veteran, or status as a qualified individual with a disability, or any other characteristic protected by applicable Federal, State, or Local law.
Interested in Learning More?
180one has been retained by PacTrust to manage this search. If interested in learning more about the opportunity, please contact Lisa Heffernan/ 971.256.3076/
lisa@180one.com.

