Omninet Capital · 2 months ago
Controller (CONFIDENTIAL)
Los Angeles, CA
Full-time
Onsite
Senior Level
5+ years expOmninet Capital is a privately held real estate investment firm operating as an offshoot of a family office. They are seeking a hands-on, detail-oriented Controller to lead the finance and accounting function, driving financial visibility and delivering high-quality reporting to ownership and lenders.
Real Estate
Responsibilities
Prepare detailed and accurate financial packages and reporting for lenders as properties are refinanced or recapitalized
Maintain a clear understanding of loan covenants, compliance requirements, and refinancing timelines, proactively managing deliverables and documentation
Serve as the primary finance point of contact for lender inquiries, third-party loan servicers, and debt partners
Develop and deliver comprehensive monthly and quarterly internal financial reports to ownership, providing insights on portfolio performance, operating margins, and cash flow
Customize reporting packages for family office executives, stakeholders, and property-level decision-makers
Lead ongoing efforts to refine internal reporting processes, KPIs, and presentation formats
Lead cash flow forecasting at both the property and portfolio levels, incorporating debt service, capital improvement planning, and leasing assumptions
Support property acquisition and refinancing decisions by building or reviewing property-level financial models
Maintain rolling forecasts and scenario analyses to inform capital planning and operational strategy
Supervise and mentor two operational accountants, reviewing their work and streamlining processes related to accounts payable, rent collections, reconciliations, and monthly close
Oversee the monthly close process, including review of journal entries, account reconciliations, and ledger accuracy
Foster a culture of ownership, precision, and accountability within the accounting function
Evaluate existing workflows and implement process improvements to enhance efficiency, accuracy, and scalability of the finance function
Manage and optimize use of property management and accounting systems (e.g., Yardi, Appfolio)
Standardize documentation and reporting practices to ensure consistency and ease of review
Qualification
Required
Bachelor's degree in Accounting or Finance (CPA or MBA preferred)
Minimum 5–8 years of experience in real estate accounting or finance, ideally with exposure to debt financing and property operations
Prior experience working directly with property-level accountants or staff accountants in a leadership capacity is required
Proficiency in GAAP-based financial reporting, though no audit preparation is required beyond lender-related documentation
Advanced Excel skills for modeling, forecasting, and data analysis
Familiarity with property accounting software such as Yardi, Appfolio, or MRI
Strong grasp of real estate finance, loan structures, and operational cash flow drivers
Self-starter who thrives in a lean environment with broad responsibility
Capable of conveying complex financial insights clearly to both sophisticated investors and non-financial stakeholders
Demonstrated ability to build team trust, delegate appropriately, and elevate performance standards
Preferred
CPA or MBA
Experience in small company or family office environments is preferred; ability to operate without the structure of public company processes
Company
Omninet Capital
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase