Controller-Operations

MCB Real Estate (“MCB”) is a privately held, fully integrated national real estate development and investment company based in Baltimore, MD.  As a vertically integrated company with internal development, construction, and commercial property management divisions, MCB is involved in all facets of the real estate investment cycle. MCB manages approximately $3bn of real estate assets on behalf of its primarily institutional investment base. 

MCB believes in merit-based employment decisions that provide equal access to all employees and applicants, including ensuring that this access prohibits unlawful discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Additionally, we are committed to fostering, cultivating, and preserving a workplace culture that respects each individual employee’s contribution to our workplace. We embrace and encourage our employees’ differences in age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique.

This employment practice of ensuring equal access applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, layoff, termination, recall, transfer, leaves of absence, compensation and training.

JOB SUMMARY – the following overview of responsibilities is not an all-inclusive list of job responsibilities and other job-related duties may be added or changed at any time by MCB to support business needs.

Responsibilities include financial review and monthly reporting for all MCB operating entities, including monthly report distribution to all stakeholders; managing reporting deadlines and responsible for treasury management functions. Controller – Operations will work with the CFO, division Controllers and Senior Managing Directors in all related business areas including acquisitions, disposal activities, distributions, and cash flow forecasting.  This position requires advanced knowledge of the Generally Accepted Accounting Principles ("GAAP").

JOB ESSENTIAL RESPONSIBILITIES:

Operating Entities:

o Prepare monthly close and distribution of monthly reporting to all stakeholders 

o Prepare operating company budgets and obtain all required sign offs and approvals and distribution to stakeholders

o Create, track and collect all intercompany and departmental operating invoices and ensure alignment with operations objectives

o Ensure all invoices are processed through AP automation system and properly allocated across the operating companies 

o Assist in responding to third-party questions regarding monthly reporting packages (along with Property and JV Accounting Controllers when applicable)

o Oversee all expense reimbursements through Concur and become resident expert in the platform

o Create and oversee new policies and procedures relating to sound internal controls

o Improve processes for tracking, billing and reporting on the operations of MCB

Treasury:

o One of the approvers and initiators for electronic payments (dual approval process for wire transfers)

o Establish, oversee and administer all bank accounts to ensure compliance with company objectives  

o Ensure wire transactions and cash transfers occur timely so as to not disrupt operations

o Review operations cash flow forecasts to determine cash is available for all partner distributions, lender payments and other related matters 

o Review, approve and reconcile all check registers for operating properties 

o Review cash balances, make recommendations and implement strategies to maximize earnings potential

o Work with banks and Accounts Payable platform (Avid) to ensure Positive Pay is implemented effectively

o Build and maintain relationships with existing and new financial institutions

Assist CFO with:

o Acquisitions/disposal activities/Finance/Distributions

o Audit completion and timely preparation and submission of all property tax returns 

o Oversight of Accounting Associate(s) to ensure accurate work product and deadlines are met

KNOWLEDGE, EXPERIENCE, SKILLS/ABILITIES

• Minimum ten (10) years of operations accounting experience preferably in Commercial Real Estate or related industry

• Expert knowledge of the Generally Accepted Accounting Principles (GAAP)

• Experience and proficiency required in financial account analysis, financial reporting, and overall cash management

• Proficient with MRI or other related real estate and property management software platform required

• Microsoft Office 365 suite proficiency required, including advanced Excel user proficiency

• Effective oral and written communication skills; excellent accuracy/proofreading and attention to detail in all work product

• Proficiency and consistency with prioritizing workload, multi-tasking, working independently with minimal supervision and meeting work deadlines 

• Effective staff management skills

• Maintain the highest standard of work ethics and trustworthiness

Education Requirements:

Minimum Bachelor’s Degree from an accredited institution with a degree focus in accounting, finance, real estate or business administration; Master’s Degree preferred.  Equivalent combination of education and years of business experience may be considered.

Physical Requirements:

This position is primarily performed in the MCB corporate office in an open cubicle office setting; long periods of sitting and computer/keyboard use; reading documents; spreadsheet calculations; phone and other electronic equipment.  Typing dexterity needed; minimal lifting (<20 lbs.), standing, climbing.

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Salary range: $145,000-155,000.00 annual rate, based on related knowledge, skills and experience level.  Discretionary annual bonus eligible.

All job offers with MCB are contingent upon receipt of satisfactory background check reports as allowed by applicable federal and state law based upon required job duties. Background checks may include consumer reports including, but not limited to, federal and state criminal, identity, credit, and driving record.

All employees are required as a term of employment with MCB to sign a Confidentiality Agreement.

Unless otherwise stated in the job posting, all posted positions are classified as full-time, regularly reporting in person to an assigned work location.