Financial Controller
Company Overview Yellow Tree is a Real Estate Investment Fund based in Gibraltar and is dedicated to the ownership, development and management of commercial and residential real estate assets. The Yellow Tree Real Estate Investment Fund is backed by a Gibraltar-based multi-family office. Yellow Tree invests across capital and gateway cities, employing a tailored investment strategy to each geographic region. Our portfolio underscores long-term value and mirrors our dedication to excellence. Our philosophy centers on income generation, ensuring that 100% of our portfolio consistently delivers returns. We achieve this by taking an asset-by-asset approach, where each asset carries its own weight in contributing income without dilution. Each asset has its own business plan that is meticulously followed making sure that each asset performs as expected. We own and manage sustainable and high-quality properties, aligning with the objectives of leading national and international corporations. This ensures that Yellow Tree Group is synonymous with quality, reliability, and enduring success. For more information, visit us on yellowtree . com Role Overview The Israel Financial Controller is responsible for the financial control, reporting, budgeting, cash flow management, tax coordination, audit coordination, and operational finance oversight of the Group’s assets in Israel, as well as any additional jurisdictions or assets assigned according to business needs. The role ensures accurate and timely monthly, quarterly, and annual reporting, strong budgetary control, effective cash flow management, and robust financial governance across the portfolio. The Israel Financial Controller works closely with the operations team, collections team, group finance, external accountants, tax advisors, and senior management to provide reliable financial information and actionable a nalysis. Key Responsibilities Financial Reporting and Analysis Prepare monthly profit and loss reports for each asset, as well as the consolidated Israel P&L, including all required accruals, provisions, reclassifications, and management adjustments. Analyze monthly financial performance, including actual results versus budget, prior periods, and key operational drivers. Prepare clear monthly variance analysis with explanations, risks, and recommended follow-up actions. Prepare and analyze monthly KPI reports, ensuring that operational data provided by the Collections Manager and other teams is complete, consistent, and reliable. Prepare monthly control reports, including invoice cancellations, guarantees, payroll, revenue checks, and other recurring control areas. Establish and maintain a structured monthly control program. Support quarterly and annual reporting requirements, including schedules, reconciliations, and explanations required by group finance, auditors, investors, and management. Budgeting, Forecasting, and Cost Control Lead the annual budget preparation process for the Israel portfolio, based on operational inputs received from the operations team and management assumptions. Monitor budget compliance throughout the year, identify deviations, and challenge cost, revenue, and operational assumptions where required. Oversee CAPEX budget control, including tracking approved budgets, actual spend, commitments, variances, and expected future cash requirements. Manage the Control Budget and ensure appropriate allocation of management company expenses across the relevant assets. Cash Flow and Investor Distributions Prepare cash flow statements and perform reconciliations between profit and loss, cash flow, bank balances, and relevant working capital movements. Monitor cash flow on an ongoing basis, including operational cash requirements, intercompany settlements, tax payments, CAPEX needs, and investor distributions. Oversee the distribution of excess cash to investors, ensuring amounts are properly calculated, approved, documented, and aligned with group requirements. Collections, Guarantees, and Revenu e MonitoringOversee collections activity and supervise the work performed by the AR and Collections. Monitor guarantee renewals, lease renewals, and related collection risks, ensuring timely follow-up and appropriate escalation. Track and request internal monthly reports, including lease renewals, guarantee renewals, collections status, and other portfolio control information. Monitor monthly revenue recognition and revenue trends, including review of data used in KPI reporting. Intercompany, Recharges, and Reconciliations Manage intercompany billing, settlements, and reconciliations across the relevant group companies and assets. Oversee settlements and recharges involving service expense reimbursements, management company allocations, and other intercompany balances as required. Ensure intercompany transactions are properly supported, reconciled, settled, and reflected accurately in the monthly reports. Tax, Compliance, and External Coordinat