Controller, Real Estate
Somers WestDescription
SBM is searching for an Controller of Real Estate! The Real Estate Senior Controller will be responsible for directing the financial planning and accounting practices for residential lots and commercial property in multiple projects located in California and Hawaii. This individual will support the horizontal and vertical improvements for existing and future releases by performing the following duties personally or through subordinate managers.
Responsibilities:
- Coordinate with Development Manager on project budgets, variances, and best project accounting practices utilizing the skills and software support to provide data both up and down the management chain.
- Financial strategy – develop and execute the company’s financial strategy and business plan for each project
- Collaboration with CEO to develop financial plans. Provide insights and recommendations to enhance the company’s overall financial health.
- Project accounting and financial management – manage accounting procedures, oversee accounting system, annual budget and management information systems.
- Operational oversight – direct and manage day-to-day operations of the accounting department. Ensure compliance with established policies, regulations, and contracts.
- Corporate finance – utilize analytics and predictive modeling to drive financial performance.
- Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives
- Take hands-on lead position of developing, implementing, and maintaining a comprehensive job cost system
- Manage processes for financial forecasting, budgets and consolidation and reporting to the Company Coordinate the preparation of the Corporation's financial statements and management discussion and
- analysis
- Establish and maintain lines of communications with the investor community.
- Ensure monthly analysis of Pro Forma results to track project results and make recommendations as
- needed to ensure projects meet expectations
- Develop the long-range plan in partnership with the CEO and COO helping to establish long- term goals for the business and to identify and quantify the initiatives to achieve them
- Represent Real Estate Finance on various cross-functional project teams
- Communicate with owner, development team, equity partners, lenders and third parties as appropriate and needed
- Responsible for packaging applications to appropriate stakeholders for all equity and debt project transactions
- Facilitate all insurance and bonding needs
- Keen understanding in project-based accounting for real estate land and vertical development projects
-
KPI’s
- Coordination and balancing cash inflows and outflows with parent company
- Monthly variance report analysis and review with upper management
- Financial review monthly and quarterly per project
Qualifications:
- Undergraduate degree in finance, economics, or real estate. Master’s Degree, CPA or CFA preferred Five to ten years of experience in analysis of residential/commercial real estate markets
- Five to ten years of industry experience in residential and commercial development from acquisition to entitlements to build out
- May be required to have a valid driver’s license.
- Demonstrated ability to identify key real estate market drivers, assess their impact on a given real estate market, and communicate related analysis and conclusions
- Demonstrated strong analytical and decision-making skills Highly developed written and oral communication skills.
Compensation: $150,000 - $190,000 per year
Shift: Full Time
SBM Management Services, LP and its affiliates are proud to be equal opportunity workplaces. We are committed to equal employment opportunity regardless of race, sex, color, ancestry, religion, national origin, sexual orientation, citizenship, age, marital status, disability, gender identity, Veteran status, or other legally protected status.
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