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Controller- Multiunit Residential Developer- NJ
Union, NJ
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·        Oversee all daily accounting functions for family-owned real estate development and property management company. Report directly to principal of the company.

·        Responsible for all payroll and human resources duties.

·        Supervise team of accountants, property managers and project managers.

·        Create monthly, quarterly & annual reports distributed to ownership.

·        Underwrite new development deals, including creating budgets and proforma models to be presented to banks for construction financing.

·        Work with financial institutions to obtain both construction and permanent financing for all projects, have placed $70M of bank financing in the first year with the company.

·        Review monthly loan draw package for construction projects before bank submittal.

·        Implemented Sage Intacct & Procore, replacing the use of multiple software packages.

·        Manage external service providers and associated cost, calculate and processes monthly developer/asset management fees. Ensure proper working capital is established and maintained.

·        Develop and maintain financial policies and procedures related to development accounting.

·        Prepare required monthly and quarterly reporting for ownership, which includes general ledger analysis of correctly fixed asset classification.

·        Maintain fixed asset system for ownership, including monthly updates, analysis, and recording of depreciation.

·        Ensure timely payment of personal property taxes and filing annual tax reports with government agencies.

 


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