Real Estate Assistant Controller

JOHN T. VALENTE

** ********* **** *******, ** ***76 Phone: 781-***-**** ***********@*******.***

PROFESSIONAL EXPERIENCE

CARPENTER & COMPANY, CAMBRIDGE, MA June 2022 – PRESENT

Real Estate Development and Management Company

ASSISTANT CONTROLLER – COMMERCIAL REAL ESTATE

Manage the accounting and administrative month end close process. Report to the CFO.

Create annual operating and capital budgets for all entities.

Create monthly reporting for each entity. Provide variance analysis for actual versus budget. Experience with pivot tables, vlookups and sumifs.

Manage system implementation.

Manage a staff of 1 direct report.

Reconcile all general ledger accounts and update the chart of accounts.

Create processes and procedures for each closing process.

Oversite of A/R, A/P and capital accounts.

Reconcile real estate taxes, CAM and electric for tenant reconciliation.

Read, analyze, and convert commercial leases for abstracts. Then abstracts are loaded to system for billings.

Process monthly journal entries.

Assist with annual audit.

Maintain and reconcile tenant improvement balances and collected invoices for approval and reimbursement to tenants.

Create financials for the Board members of the condo association.

HUNNEMAN, BOSTON, MA June 2017 – April 2022

Real Estate Management Company

SENIOR PROPERTY ACCOUNTANT

Manage a 1.9 million sf of day to day operations of commercial portfolio consisting of office, retail, and industrial assets.

Prepare, audited, and distributed monthly financial statements including preparation of variance analysis and reforecasting using Yardi Voyager/excel.

Read, analyze, and interpret commercial leases.

Bid and negotiate vendor contracts.

Manage a staff of 6 direct reports.

Create operating and capital budgets for all assets in excel.

Responsible for CAM and CAPEX reconciliations.

Manage relationship with accounts payables group to resolve payment of operational invoices to vendors and local governments and approved invoices.

Create and maintain a relationship with existing tenants and address issues immediately. 24 X 7 coverage. Ensured that all complex issues pertaining to leases were resolved with respect to; base rent, CAM charges and real estate tax payments, base years, and escalations.

Maintain a calendar for all critical dates regarding base rent increases, common area increases and annual true-ups.

Maintain and reconcile tenant improvement balances and collected invoices for approval and reimbursement.

CUSHMAN & WAKEFIELD, BOSTON, MA Feb 2012 – May 2017

Real Estate Management Company

SENIOR PROPERTY ACCOUNTANT

Manage a commercial portfolio and make recommendations for increased value.

Prepared, audited, and distributed monthly financial statements including preparation of variance analysis and reforecasting using Yardi Voyager/excel.

Manage a staff of 3 direct reports.

Create operating and capital budgets for all assets in the portfolio using Argus.

Responsible for CAM and CAPEX reconciliations.

Managed relationship with accounts payables group to resolve payment of operational invoices to vendors and local governments and approved invoices.

Mentored accounting staff on all new and existing leases. Prepared accruals, journal entries, and general ledger reconciliations.

Created and maintained a relationship with existing tenants. Ensured that all complex issues pertaining to leases were resolved with respect to base rent, CAM charges and real estate tax payments, base years, escalations with CPI increases, percentage rent etc.

Maintained a calendar for all critical dates regarding base rent increases, common area increases and annual true-ups.

Updated monthly fixed asset schedule to be included in monthly reporting package.

Maintained and reconciled tenant improvement balances and collected invoices for approval and reimbursement.

Lease analysis and administration of commercial leases for a national portfolio.

Created, monitored, and updated policies and procedures manual.

WINTHROP MANAGEMENT, BOSTON, MA August 2005 – Jan 2012

Real Estate Management Company

FINANCIAL ANALYST/SENIOR ACCOUNTANT

Analyzed performance of HUD and Mass Housing section 8 portfolio and made recommendations for increased value and determined asset cash flows.

Prepared, audited, and distributed monthly financial statements including preparation of variance analysis and reforecasting using Yardi Voyage.

Created operating and capital budgets for all assets in the portfolio.

Assisted Accounts Receivable in resolving tenants’ issues.

Used excel vlookups, pivot tables and sumifs formulas to develop reports.

Prepared month-end reporting for individual properties/entities.

Managed relationship with internal Accounts Payables group to resolve payment of operational invoices to vendors and local governments and approved invoices.

Mentored Accounting staff on all new and existing leases. Prepared accruals, journal entries, general ledger reconciliations and cash reconciliations.

Created and maintained a relationship with existing tenants. Ensured that all complex issues pertaining to leases were resolved with respect to base rent, CAM charges and real estate tax payments, base years, escalations with CPI increases, percentage rent etc.

Maintained a calendar for all critical dates regarding base rent increases, common area increases and annual true-ups.

Updated monthly fixed asset schedule to be included in monthly reporting package.

Maintained and reconciled tenant improvement balances and collected invoices for approval and reimbursement.

Lease analysis and administration of commercial leases for a national portfolio.

Created, monitored, and updated and educated personnel regarding policies and procedures.

EDUCATION & CERTIFICATIONS

Master in Business Administration, Suffolk University Boston, MA Concentration in Accounting/Management

Bachelor of Science in Finance, University of Massachusetts Boston, MA

Concentration in Finance/Management

TECHNICAL SKILLS: Experience with various financial software applications:

Yardi Voyager, MRI, Building Engines, Argus, Microsoft Excel, and Word.

Interests: running, sports, traveling and volunteering.

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