Vice President, Office & Industrial Controller
Bethesda, Maryland
B. F. Saul Company /
Full Time /
On-site
Company Overview:
Founded in 1892, B. F. Saul Company has been one of the most successful privately-owned real estate companies in the United States. Our growth has been the results of a commitment to exacting standards and the belief that knowledge of the marketplace, when paired with the ability to commit to substantial resources, will bring exceptional rewards. B. F. Saul Company has a variety of skilled professionals within the following operating divisions, Property Management, Leasing, Hospitality Group, Residential, Insurance, Construction & Development. The B. F. Saul Company concentrates on ownership, development, and construction of commercial real estate.
The Vice President, Office & Industrial, Controller will be responsible for management of the corporate accounting team and have oversight of all aspects of finance and accounting in respect of the O&I portfolio including, but not limited to monthly, quarterly, and annual financial reporting and analysis as well as preparation of the annual budget process.
Summary of Competitive Benefits & Perks:
- Health/Medical Insurance including Dental and Vision
- 401(k) with company match
- Paid time off
- Bonus/Target Incentive
- Tuition Reimbursement
- Complimentary usage of modern in-house fitness center
- On-premise full-service dining center discounts
- Discounts via the company’s EAP
- Monthly Employee Recognition Programs
- Referral bonus
- Pre-tax transportation options
- Plus more!
Vice President, Office & Industrial, Controller: Duties & Responsibilities:
- Manage and supervise the corporate accountants including, but not limited to staff direction; recruitment, hiring, training, discipline and goal planning and performance management; monthly reporting of financial results and control over financial transactions.
- Full responsibility for the accounting for and reporting of the financial position and monetary results of operations of the O&I Division; regardless of the group that processes underlying transactions.
- Collaborate in the preparation of the annual budget and periodic forecast updates of the O&I Division. Fully support the revenue, expense and fixed cost budget planning and forecasting by working closely with the management team. Ensure accuracy and timeliness of the budget and forecasting processes.
- Provide financial reporting support to the Senior Vice Presidents of the O&I Division and his/her leadership and management team. Execute focused goals and actions in support of the O&I Division and B. F. Saul Company mission statement.
- Analyze monthly financial results and make recommendations to improve profitability through examination of contracts, payment arrangements, and any and all financial transactions. By way of example, these areas should include, but not be limited to, PCard usage, vehicle leasing arrangements, efficient processing and payment of personal and real property taxes, and consolidation of vendors and services.
- Ensure that all tenant leases are accurately abstracted and that all information, including but not limited to, recovery periods, rent escalations, free rent periods, etc., has been accurately entered into the appropriate system(s).
- Ensure that expense, tax, and other recoveries are accurately computed and billed to tenants in accordance with the underlying leases.
- Ensure that business licenses, personal property tax returns, real estate tax information requests and any and all other regulatory filings or industry surveys are completed accurately and filed timely with the appropriate jurisdiction or entity.
- Review financial management operations and make recommendations to improve efficiencies, including, where practicable, automation of manual tasks. Areas include, but are not limited to, month end closing cycle, financial report production cycle, accounts payable management, accounts receivable management and exploitation of various technology resources.
- Ensure that all financial transactions are accounted for in accordance with applicable GAAP and tax regulations, as appropriate. Areas include, but are not limited to, straight-line rent, reserves (accounts receivable, sales tax, workers compensation, medical insurance, etc.), and meals and entertainment.
- Ensure that inter- and intra-company transactions are processed in a manner that is efficient, minimizes touch points, and without the incurrence of fees and costs related to processing those transactions (e.g., bank fees for moving cash, incremental income taxes, etc.).
- Work with senior management team to ensure best practices, controls and strong back-office capabilities are implemented. Guide financial decisions by establishing, monitoring, and enforcing policies, procedures, and internal controls to ensure that all departmental policies and procedures are documented, consistent with policies and procedures of other property divisions, as applicable, and consistent with corporate policies. Ensure adherence to such policies and procedures within the O&I division.
- Special projects and other duties as assigned.
Vice President, Office & Industrial, Controller: Selection Criteria:
- Bachelor’s Degree in Accounting, Business Administration or Finance.
- Certified Public Accountant strongly preferred.
- Minimum of 7 years of experience working within a major accounting firm, and/or major real estate or financial services company, with strong accounting skills.
- Demonstrated staff management and development experience and a clear history of continued growth and success in roles of increasing complexity and responsibility.
- Superior analytic ability and detail oriented with a strong knowledge of real estate accounting, reporting, and investing.
- Proven success in setting and achieving corporate objectives with demonstrated work ethic, competitiveness and tenacity required to achieve top performance.
- Ability to communicate with all levels of the organization and thrive in a small, cohesive, and hands-on work environment.
- High-energy, structured and action oriented with strong ethics and values that places high value on both personal and firm integrity.
- Prior O&I property accounting experience including significant exposure and experience with expense recoveries and expense gross-up.
- Highly collaborative and committed to being part of an integrated team.
- Intellectually curious, creative, and a broad-based thinker.
- Strong Excel skills and prior experience with Yardi and Business Objects is preferred.
CORE COMPANY COMPETENCIES:
- Excellence: Demonstrates a commitment to continuous improvement, innovation, and achieving the highest possible standards for performance.
- Ethics: Demonstrates a commitment to integrity, peer respect, and fairness. Continuously demonstrates a strong work ethic by exhibiting an indisputable drive to get the job done.
- Results: Consistently going above and beyond to deliver exceptional results and value for the team and the organization.
CORE JOB COMPETENCIES:
- Leadership: Uses appropriate interpersonal skills and proven motivational methods to guide and help individuals or groups and gain their commitments to ideas, plans, or courses of action.
- Analysis: The capacity to gather and process information that is critical to the organization’s operations.
- Judgment: The ability to make sound decisions that are based on pertinent and available information which take into account the organization’s available resources.
- Accounting Control: The ability to develop and analyze statistical and accounting information and employ cost containment strategies that support business objectives of the organization.
- Planning & Organization: The ability to devise a course of action for themselves and others to accomplish a specific goal while managing time and resources to meet deadlines and expectations.
- Collaboration: Develops cooperation and teamwork while participating in a group, working toward solutions which generally benefit all parties. Ability to work co-operatively with other individuals and make valued contributions to the outputs of others in order to assist own team or project to achieve the required outputs.
- Technical / Professional Knowledge: The ability to keep up with current developments and trends in field of expertise.
$150,000 - $200,000 a year
The actual base pay offered is determined by several variables, including, as appropriate, the applicant's qualifications for the position, years of relevant experience, distinctive skills, level of education attained, certifications or other professional licenses held. Base pay is one component of B. F. Saul Company & Affiliates total compensation package, which also includes access to or eligibility for healthcare benefits, a 401(k) plan, short-term and long-term disability coverage, basic life insurance, bonus plans and more.
B. F. Saul Company is proud to be an equal opportunity workplace. We foster an environment that recognizes employees’ unique skillsets and ensure that all employees have an equal opportunity to grow and advance.
If you are a candidate in need of assistance or an accommodation in the application process, please contact corporate.resumes@bfsaul.com or 301-986-6000.
Equal Opportunity Employer/Veterans/Disabled
