Project Controller

Crescent Communities•Charlotte, NC

About The Position

Position manages, directs, and controls the accounting-related activities for several multifamily projects to ensure accurate and timely accounting information is provided to development teams, management, lenders and partners. Directs accounting activities to ensure compliance with Generally Accepted Accounting Principles (GAAP), federal and state regulations, and internal business policies. Identifies/resolves complex accounting problems/issues associated with the project(s) while providing expertise and guidance to management. Coordinates with others to accomplish objectives.

Requirements

Bachelor’s degree in accounting and 5+ years related experience in real estate environment
Public accounting experience preferred
Accounting and Project Controller experience for development projects, especially in a multifamily environment
Pro-active leader
Strong attention to detail and accuracy
Professional demeanor and ability to establish and sustain working relationships
Ability to multi-task and work on several development projects while meeting month-end deadlines
Proven background in being flexible, collaborative and willingness to work extra hours when needed
Technical proficiency in accounting software

Nice To Haves

CPA license is a plus
Ability to identify complex accounting issues, research GAAP and propose accounting treatment
7+ years related experience in the real estate industry
Experience with Yardi, Prophix, Concur

Responsibilities

Prepare and analyze transactions and entries to ensure proper accounting, account classification and recording
Provide timely and accurate status reports for management, banks and JV partners while conducting complex financial accounting analysis of data to identify trends, unusual variances and deviations that should be brought to management’s attention
Consult with customers and company management to identify reporting requirements that satisfy their needs/objectives
Monitor project activities to ensure compliance with contracts, company policies, bank loans and partnership agreements
Assist project management with the preparation of monthly cash flow models for estimating liquidity, preparing budgets and estimating fair market value
Prepare construction loan draws and capital calls
Review and account for cash receipts and disbursements
Lead the month-end close process, including:
Prepare month-end closing entries, including relevant support
Coordinate month-end close with third party property managers and JV partners, review financial statements received and consolidate as required
Prepare account and bank reconciliations, including supporting workpapers
Document policies and procedures to ensure an efficient and accurate close process
Notify management of any deviations from policies and/or procedures which may be in violation of the company policy and/or federal and state regulations
Keep management informed of policies, procedures and other activities which may deter the safeguard of assets
Research accounting, regulatory, tax and economic issues applicable to the real estate development industry, which requires a thorough technical understanding of the company and the industry
Audit support - coordinate the preparation and consolidation of sources data, supporting documentation and rationale to external and internal audit personnel
Remain current in working knowledge of systems and applications
Remain aware of trends, procedures, technological advancements relative to accounting and project development