Assistant Controller

Key Responsibilities

• Treasury & Cash Management
• Oversee daily cash management and treasury operations, including monitoring of bank balances, cash positioning, and liquidity across all entities.
• Manage banking relationships and administer bank accounts, signers, online banking access, and account openings/closings.
• Aid the Controller in cash flow projection analysis to support operating, investment, and distribution decisions.
• Oversee the funding of operating accounts, capital calls, distributions, and intercompany transfers for corporate entities.
• Administer corporate line of credit and corporate loans to individual properties as needed.
• Accounting Operations & Financial Reporting
• Support the Controller in managing the monthly, quarterly, and annual close process for corporate entities, ensuring timely and accurate financial statements. Also assist with commercial division closing when needed.
• Aid the Controller in various analyses that support the decision-making process for Leasing, Operation and Construction departments.
• Oversee intercompany transactions, corporate billbacks and related reconciliations.
• Manage legal entity formations, update org charts as needed, track and maintain entity related legal documents.
• Serve as a point of contact for loan covenants and lender reporting requirements.
• Support the Controller in ad-hoc projects.
• Tax Management
• Support the Controller in managing the company’s tax compliance function across federal, state, and local jurisdictions, including income, franchise, property, sales/use, and business license taxes.
• Prepare tax packages for corporate entities.
• Work with the Commercial Accounting Manager to ensure timely payments of all taxes.
• Aid the Controller in tax implications analysis for real estate transactions, in coordination with advisors.
• Internal Controls & Process Improvement
• Help design, implement, and maintain internal controls and accounting policies and procedures.
• Identify opportunities to streamline and automate accounting, tax, and treasury processes through systems and best practices.

Required Qualifications & Experience

• Bachelor’s degree in accounting, Finance, or a related field.
• Minimum of 8—12 years of progressive accounting experience, including supervisory responsibility.
• Strong working knowledge of GAAP and treasury/cash management functions.
• Experience in real estate, property management, or a multi-entity environment.
• Advanced proficiency in Microsoft Excel and experience with accounting/ERP systems (e.g., Yardi, MRI, or comparable).
• Demonstrated ability to manage multiple priorities, meet deadlines, and maintain accuracy in a fast-paced environment.

Preferred Qualifications & Experience

• Experience with partnership taxation, 1031 exchanges, and cost segregation.
• Familiarity with real estate property accounting and investor/lender reporting.

Core Competencies

• Integrity
• Caring
• Innovation
• Accountability
• Excellence

About Omninet Capital LLC

Omninet Capital is a vertically integrated private real estate investment and property management firm headquartered in Beverly Hills, California. Founded and led by its principals, the firm owns and operates a diversified portfolio of multifamily and commercial assets across the United States, with approximately 300 professionals managing the platform end-to-end — from acquisitions, capital markets, and asset management to property operations, construction, accounting, legal, and technology.

Location

Beverly Hills, CA

Job Type

Regular, Full-Time

Compensation Range

$135,000 - $150,000

Company Information

Omninet Capital, LLC is an Equal Opportunity Employer and is committed to maintaining a workplace free from discrimination and harassment. We recruit, employ, train, compensate, and promote without regard to race, color, religion, creed, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, age, physical or mental disability, medical condition, genetic information, marital status, veteran or military status, or any other status protected by applicable federal, state, or local laws.

About Us

Omninet Capital’s edge is operational. Because we underwrite, close, and operate our own assets, every member of the acquisitions team works alongside the people ultimately responsible for executing the business plan. We combine institutional rigor with the speed and conviction of a principal investor, while increasingly leveraging AI and automation to accelerate underwriting, sharpen decision-making, and uncover opportunities others miss.