Controller, Real Estate

Real Estate Controller

Position at Somers West Development The Real Estate Controller will be responsible for managing the accounting department, overseeing daily accounting operations, directing the financial planning, and accounting practices for residential lots and commercial property in multiple projects located in California and Hawaii. This position has three direct reports including a Senior Accountant, Senior Staff Accountant, and a Project Accountant/Contract Administrator and reports to the Vice President of Finance and Accounting. Responsibilities:

• Oversee the full cycle of accounting operations, including month-end close, preparation of financial statements, accounts payable/receivable, job costing, cash management, and internal control processes for over twenty legal entities.
• Lead and manage the annual year end close process ensuring timely and accurate filing of tax returns. Build and mentor a high-performing accounting team, providing leadership to both direct and indirect reports across all core accounting functions.
• Develop, implement, and continuously improve accounting policies, procedures, internal controls, and financial reporting.
• Supports implementation, development, and maintenance of a comprehensive job cost system.
• Manage processes for financial forecasting, budgets and consolidation and reporting to the Company. Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives.
• Establish and maintain lines of communication with the investor community. Serve as the finance leader demonstrating a relentless focus on driving enhanced business results.
• 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 senior leadership of Real Estate helping to establish long-term goals for the business and to identify and quantify the initiatives to achieve them.
• Responsible for packaging applications to appropriate stakeholders for all equity and debt project transactions.
• Support facilitation of all insurance and bonding needs.
• Coordinate monthly financial review per project with development team.

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
• Prior experience in working in a multiple entity environment, accounting for equity investments and intercompany accounting preferred.
• Five to ten years of industry experience in residential and commercial development from acquisition to entitlements to build out.
• Strong understanding in project-based accounting for real estate land development and vertical development projects. Prior homebuilding experience preferred.
• 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.
• Strong written and oral communication skills.

Compensation: $140,000 - $175,000 per year (depending on experience)

Shift: Full Time, On-Site Monday - Friday

Benefits Include: Medical/Dental/Vision and 401k

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.