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- Ref: 310816
- Type: Direct Hire
- Job Level: Senior
- Pay: Negotiable
Opportunity Description
The Assistant Controller, Development will focus on Property Management and will be responsible for the daily accounting operations of the Company’s portfolio of residential and commercial properties. This includes overseeing the monthly closing of development operations, including active construction projects and those projects in pre-development, and will require close coordination with Purchasing and Construction.
Job Duties
- Oversee monthly closing of development operations, including active construction projects and those projects in pre-development.
- Review monthly job cost reports and provide updates to project budget.
- Project budget maintenance, including analyzing variances versus budget and seeking ways to reduce costs.
- Key performance indicator monitoring.
- Assist in vendor management and communicate regularly with Accounts Payable regarding upcoming payments to avoid the need for urgent payments.
- Assist in escrow payment processing and reconciliation.
- Assist in project closeout in partnership with Purchasing and Construction.
- Forecast remaining spend to commitments.
- Analyze retention release and change orders.
- Lead transition from development to operations.
- Contribute to implementation of Procore Analytics and Procore Pay modules.
- Develop forecasts and budgets for development projects.
- Administration support of Procore Pay for compliance and facilitation of payments.
- Assist in preparation of monthly and annual financial statement reporting of joint venture development projects and communication of results to ownership, including limited partners.
- Monitor project liquidity and call for capital contributions as required.
- Oversee the maintenance of capital accounts statements and assist in reconciliations as required.
- Work with Development & Legal departments as new projects are onboarded and then transitioned to actively managed projects.
- Assist in land closing and partnership formations, including opening of bank accounts, ensuring liquidity to close, working with Treasury analyst to process wires, and working with Development Accountant to ensure closing costs are accounted for correctly.
- Work with Treasury Analyst to closely monitor project liquidity and forecast near-term cash requirements.
- Assist CFO in evaluation and implementation of new technologies to upgrade payment processing (Timberscan) and implement a new ERP.
- Ensure Bill4Time properly allocates payroll to development projects.
- Review monthly credit card bills and perform variance analysis, as required.
Experience & Skills Required
- 10-15 years’ general finance experience with an emphasis on construction management and development accounting.
- Proficiency in Procure.
- Proficiency in Timberscan and Sage preferred. Experience working in accounting software ERP packages, if not Safe another ERP, is required.
- Strong project management and leadership skills.
- Effective communication skills across departments and management levels.
- Experience managing multiple employees.
- CPA Preferred.
- Proficient in Microsoft Office with emphasis on Excel.
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