Shannan Hobbs
Hahira,GA
Summary
Detail-oriented Property Management Controller with a passion for accurate and high-quality work. Self-motivated with 15+ years of property accounting experience specializing in multi entity financial statement preparation and a Bachelor of Business Administration degree.
Overview
16
16
years of professional experience
Work History
Property Controller
Ambling Management Compay
11.2017 - Current
- Oversee accounting staff to ensure internal controls and accounting policies are being adhered to and ensuring that all designated deadlines are being met as it relates to financial packages and audits.
- Cash Management of assigned portfolios
- Approve and release online banking payments and wires
- Authorize check requests and approve payments
- Review financial packages and bank reconciliations prepared by accountants
- Request and project owner funding needs
- Direct communication with lenders regarding tax, insurance, and replacement reserves concerning minimum balance requirements, overages, shortages, withdrawals and deposits.
- Responsible for reporting all financial issues to the appropriate management personnel
- Prepare spreadsheets, forecasts and other financial information and reports as requested by Regional Property Managers and Regional Vice President regarding property issues
- Participate in the preparation and review of property budgets
- Oversee and coordinate annual third party audit engagements and book audit entries
- Ensure that all accounting functions are in compliance with GAAP
- Prepare and review staff accountant year-end audited financial statements and notes for auditors.
- Calculate distributions for property owners
- Maintenance of accounting systems, financial reports and user's access
Senior Accounting Manager
Ambling Management Company
10.2013 - 11.2017
- Prepares cash availabilities for assigned portfolio
- Prepares and books monthly accruals
- Completes monthly reconciliations
- Maintains supporting schedules for financial statement accounts
- Prepare audit packages as requested
- Prepare monthly financials
- Review and reclassify invoice coding to proper accounts as necessary
- Prepare replacement reserve requests (if applicable)
- Research banking issues
- Provide additional reports as requested
- Distribute monthly financial packages
- Calculate monthly management fees
- Compile and review budget data for accounting related items needed in property budgets
- Analyze monthly cash projections and negotiate and track payment plans with vendors as needed
- Analyze and modify escrows and accruals as needed.
- Assist with cash management of property.
- Training new and current staff accountants
- Review staff accountant bank reconciliations and financial statements.
- Review audit drafts and provide audit draft comments
- Cover other accountant’s and controller responsibilities when absences occur
- Meet all designated deadlines including but not limited to monthly financial packages and audits.
- Participate in monthly financial review calls with management
- Direct communication with lenders regarding tax, insurance and replacement reserves concerning minimum balances, overages, shortages, withdrawals and deposits
- Oversees insurance claim payments, tracking of receipts from insurance company and reconciles
insurance claims upon completion of scope of work - Supervises and directs staff accountants while ensuring internal controls and accounting policies
are being adhered to - Communication with owners and other outside affiliates
- Keep direct supervisor informed of high priority items/transactions and potential liability and exposure for each property
Senior Property Accountant
Ambling Management Company
10.2011 - 10.2013
- Prepares cash availabilities for assigned portfolio
- Prepares and books monthly accruals
- Completes monthly reconciliations
- Maintains supporting schedules for financial statement accounts
- Prepare audit packages as requested
- Prepare monthly financials
- Review and reclassify invoice coding to proper accounts as necessary
- Prepare replacement reserve requests (if applicable)
- Research banking issues
- Provide additional reports as requested
- Distribute monthly financial packages
- Calculate monthly management fees
- Compile budget data for accounting related items needed in property budgets
- Analyze monthly cash projections and propose payment plans as needed for certain vendors/transactions.
- Analyze and modify escrows and accruals as needed.
- Assist with cash management of property.
- Meet all designated deadlines including but not limited to monthly financial packages and audits.
- Participate in monthly financial review calls with management
Property Accountant
Ambling Management Company
10.2008 - 10.2011
- Prepares and books monthly accruals
- Completes monthly reconciliations
- Maintains supporting schedules for financial statement accounts
- Prepare audit packages as requested
- Prepare monthly financials
- Review and reclassify invoice coding to proper accounts as necessary
- Prepare replacement reserve requests (if applicable),
- Research banking issues
- Provide additional reports as requested
- Distribute monthly financial packages
- Calculate monthly management fees
- Meet all designated deadlines including but not limited to monthly financial packages and audits.
Education
BBA - Accounting
Georgia Southwestern State University
Americus, GA12.2018
Skills
- Supervising and Managing Multi-entity portfolio
- Accrual Basis
- Financial Reporting
- Variance Analysis
- Budget/Forecasting
- Accounts Receivable/Payable
- Bank Reconciliation
- Audit
- Cash Management
- Distribution to Owners
- Lender Communication regarding Tax, Insurance and Replacement reserve escrows
- Vendor Communications regarding invoices, account balances and payments
- Realpage Unified Platform including Financial Management/ Onesite/Spend Management
Timeline
Property Controller
Ambling Management Compay
11.2017 - Current
Senior Accounting Manager
Ambling Management Company
10.2013 - 11.2017
Senior Property Accountant
Ambling Management Company
10.2011 - 10.2013
Property Accountant
Ambling Management Company
10.2008 - 10.2011
BBA - Accounting
Georgia Southwestern State University
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