Assistant Controller

A real estate development company in Bergen County is looking for an Assistant Controller. :

Experience

Reputation

Excellence

Longevity

These are the hallmarks of this company

They are one of the most active, privately held developers of industrial, data center, residential, and mixed-use projects in northern New Jersey.

Over the past 50 years we have developed more than eight million square feet of premier commercial space, delivered approximately 5400 luxury apartment units, completed more than 60 industrial projects, and have become one of the largest owners of data center space in the New York metropolitan area

Now in our second generation of leadership, our privately-owned firm continues to surpass the needs of our tenants and residents and partners as one of the most successful niche development companies in the marketplace

After years of growth and success Russo Property Management LLC was established in 2017 to provide the highest quality residential and commercial management services at all properties owned or under development.

If you are looking to join company that offers an EXCELLENT salary and benefits package, opportunity for career growth and a true people first culture, then this company may be for you!

We are seeking an enthusiastic and dedicated team player that has the ability to thrive in a fast-paced environment

The Assistant Controller, Development will focus on the Property Management and will be responsible for the daily accounting operations of the company’s portfolio of residential and commercial properties.

This position will be based out of our corporate office located in Bergen County.

Position Responsibilities :

• Oversee monthly closing of development operations, including active construction projects and those projects in pre-development
• Will require close coordination with Purchasing and Construction
• Review monthly job cost reports and provide updates to project budget
• Project budget maintenance, including analyzing variances versus budget and seeking ways to reduce costs
• Key performance indicator monitoring
• Assist in vendor management and communicate regularly with Accounts Payable of upcoming payments to avoid the need for urgent payments
• Assist in escrow payment processing and reconciliation
• Assist in project closeout in partnership with Purchasing and Construction
• Forecast remaining spend to commitments
• Analyze retention release and change orders
• Lead transition from development to operations
• Contribute to implementation of Procore Analytics and Procore Pay modules
• Develop forecasts and budgets for development projects
• Administration support of Procore pay for compliance and facilitation of payments
• Assist in preparation of monthly and annual financial statement reporting of joint venture development projects and communication of results to ownership, including limited partners
• Monitor project liquidity and call for capital contributions as required
• Oversee the maintenance of capital accounts statements and assist in reconciliations as required
• Work with Development & Legal departments as new projects are onboarded and then transitioned to actively managed projects
• Assist in land closing and partnership formations, including opening of bank accounts, ensuring liquidity to close, working with Treasury analyst to process wires and working with Development Accountant to ensure closing costs are accounted for correctly
• Work with Treasury Analyst to closely monitor project liquidity and forecast near-term cash requirements
• Assist CFO in evaluation and implementation of new technologies to upgrade payment processing (Timberscan) and implement a new ERP
• Ensure Bill4Time properly allocates payroll to development projects
• Review monthly credit card bills and perform variance analysis, as required Requirements :
• Bachelor’s degree, MBA a plus
• 12-15 years’ general finance experience with an emphasis on construction management and development accounting
• Proficiency in Procure is a must
• Proficiency in Timberscan and Sage preferred

Experience working in accounting software ERP packages, if not Sage another ERP, is required

• Strong project management and leadership skills
• Effective communication skills across departments and management levels
• Experience managing multiple employees
• CPA Preferred
• Proficient in Microsoft Office with emphasis on Excel
7 days ago