Senior Project Controller - The River District

Job Description

Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated residential and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 83 multifamily communities, 24 million square feet of commercial space and 60 single family master-planned communities. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our residential communities are branded NOVEL, RENDER and HARMON by Crescent Communities and our industrial developments are branded AXIAL by Crescent Communities and our life science developments are branded THE YIELD by Crescent Communities.

JOB SUMMARY

Position manages, directs, and controls the complex accounting-related activities for The River District (a master planned community) and several commercial industrial projects to ensure accurate and timely accounting information is provided to company 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 Business Unit and projects while providing expertise and guidance to management.  Coordinates with others to accomplish objectives. Collaborates closely with Business Unit Controller to research, review and discuss new guidance in addition to develop and implement process improvements.

ESSENTIAL FUNCTIONS

• Project Accounting – Development
  • Manages job costing process to ensure proper common cost allocations in addition to all COS calculations
  • 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 budgets, contracts, company policies, bank loans and partnership agreement
  • 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
  • Ensure proper payment to third parties through invoice review/approval
• Month-End Close
  • 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
• Accounting Research & Internal Controls
  • 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.
  • 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.
  • Provide audit support for the corporate audit and serve as the lead on project audits- coordinate the preparation and consolidation of source data, supporting documentation and rationale to external and internal audit personnel.
  • Maintain a current working knowledge of systems and applications
  • Remain abreast of trends, procedures, technological advancements relative to accounting and project development
  • Research various publications/literature to remain abreast of accounting/project development trends
  • Attend related conferences/seminars and confer with industry leaders to obtain/provide information regarding accounting trends/project management.
  • Evaluate work practices/procedures and implement changes as necessary

JOB REQUIREMENTS AND QUALIFICATIONS

Education and Experience

• Bachelor’s degree in accounting and 7-10 years related real estate development experience or a minimum of 5 years of recent public accounting experience preferably serving real estate clients.
• Ability to identify complex accounting issues, research GAAP and propose accounting treatment

• Self-starter with the ability to work well both individually and within a team.

• Excellent communication skills
• Advanced Excel skills
• Strong attention to detail and accuracy
• Professional demeanor and ability to establish and sustain working relationships
• Ability to work on several development projects while meeting deadlines

Desired:

• CPA
• Experience with Timberline, TimberScan, Prophix, Concur and Sage Fixed Assets
• Experience with system conversions

PHYSICAL DEMANDS

• Communicate and converse to exchange information
• Operate a computer keyboard, phone, calculator, and other office equipment
• Seeing to read a variety of materials
• Must be able to remain in a stationary position for extended periods of time
• Must be able to transport 10-25 lbs. (computer, files, etc.)
• Move about the office to access file cabinets, office machinery, etc.
• Ability to work under stressful, fast-paced conditions

BENEFITS

We offer a full benefits package starting day one that includes Health, Dental, Vision, Paid Time off, Paid Holidays, 401kplan, paid STD/LTD, Parental leave, Charitable match, Wellness Subsidy, community involvement, summer hours, Education Reimbursement, Employee Assistance Program, flexible work schedule and much more! 

WORK ENVIRONMENT

• Professional office environment 
• Flexible working hours are M-F, 8:00am – 5:00pm (alternate schedule may apply)
• Must have reliable transportation 

OTHER DEMANDS

• Ability to travel to field locations and stay overnight, if required 

DISCLAIMER/OTHER DUTIES

This document describes the position currently available and serves only as a summary of the typical functions of the job.  It is not an exhaustive or comprehensive list of all possible job responsibilities.  Tasks, responsibilities and duties of the jobholder may differ from those outlined.  Other duties, as assigned might be part of the job.  It is not an employment contract.  Our company reserves the right to modify job duties or job descriptions at any time. 

Crescent Communities, LLC is an Equal Opportunity Employer

An equal opportunity employer, Crescent Communities treats each individual fairly in all employment decisions without regard to race, color, gender, religion, age, sex, gender identity, national origin, sexual orientation, veteran, disability or any other protected status by federal or local law.

Crescent Communities, LLC participates in E-Verify