Parkland Properties of Michigan is a real estate development and holding company that aquires, develops, owns and manages properties throughout West Michigan. These properties include vacant land developments, adaptive reuse of historic buildings, office buildings, apartments, condominiums, retail, renatal properties, and hospitality. Parkland Properties also operates luxury rental properties in Miami, Aspen and Northern Michigan. Due to the growth of the company and increasing accounting demands, we are looking to expand our accounting team with a second dedicated controller. The Controller will execute the strategic vision of the executive team ensuring consistency, accuracy and a timely structure to the operation. Duties and Responsibilities - Establish and enforce accounting policies, procedures, and internal controls aligned with GAAP and best practices.
- Partner closely with executive leadership, operations and real estate teams to support growth initatives and capital allocations decisions.
- Together with the CEO, COO and the other controller, develop strategies to ensure that the organization has the financial resources needed to achieve its current and future goals while mitigating financial and operational risk.
- Support budgeting forecasting, cash flow management and working capital optimization.
- Preparation of monthly, quartely and annual financial statements for communities and corporate entities.
- Ensure compliance with GAAP and property management reporting standards
- Manage lender, investor and regulatory reporting, including debt covenant compliance.
- Coordinate year end audits, tax preparation, and ensure timely filings.
- Monitor and manage the Profit and Loss statements for each property and ownership account.
- Oversee organizational budgeting, accounting and cash management to ensure accurate reporting, interpretation and analysis of financial results in conjunction with forcasts and long range plans.
- Prepares annual consolidated financial statements.
- Establishes and maintains controls to safeguard assets.
- Manages and monitors the organization’s cash flow and real estate development capital needs.
- Works with the executive leadership to review potential acquisitions.
- Reviews key legal agreements, including mortgages, loan documents, subordination agreement and guarantees as part of a financing and construction loan closing that may involve tax credits, historic tax credits, new markets tax credits, bond financing, public subsidies and contracts and/or priviate debt.
- Works closley with Comptroller to prepare and issue funding requisitions for all real estate development projects in construction.
- Oversee capital allocation decisions,optimizing financial resources for acquisitions, developments, and renovations.
- Creates financial models to assess the feasibility and profitability of potential real estate investments.
- Identifies and assesses financial risks associated with real estate investments, including market fluctuations, interest rate changes, and tenant occupancy rates.
- Develops strategies to mitigate risk
- Other assigned tasks
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