Job Description for a Property Management Controller
A property management controller is the chief accounting officer of her company. She works for a company that specializes in the management of commercial and residential properties. Attention to detail, people management skills and numerical aptitude are essential qualities.
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Job Requirements
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Aspiring property management controllers need a bachelor's degree with a concentration in accounting. A master's degree in accounting or business administration is beneficial and aids the controller in commanding a higher salary.
Duties
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Property management controllers hire, train and supervise a team of accounting clerks and accountants. She oversees accounting staff when recording daily transactions and when preparing monthly, quarterly and annual financial statements for review by company management and outside auditors.
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Accounting System
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Property management controllers oversee and manage the internal property management accounting system and functions. She ensures that the system properly reflects managed properties, rents, taxes, common area charges, any utility fees and other property-related revenue and expense items.
Key Traits
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Successful property management controllers combine accounting ability with management skill. She must be detail-oriented, accurate and able to handle a high volume of financial transactions while managing a group of people with different personalities, strengths and weaknesses.
Procedures and Controls
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A controller is charged with ensuring a property management company's accounting transactions are conducted to generally accepted accounting principals (GAAP). This means she sets policies and procedures that ensure internal controls are met and follow GAAP.
Salary
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According to the U.S. Bureau of Labor Statistics, controllers earned a mean hourly wage of $32.42 and earned annual salaries ranging from a low of $37,690 to a high of $104,450, as of May 2009.
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References
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