Corporate Controller

Foster McKay; New Jersey; On-site; USD 120,000 - 190,000; Full time

Job summary

Foster McKay in New Jersey seeks a senior accounting leader to oversee daily accounting for real estate development and property management. You will supervise accountants and project managers, ensuring timely monthly, quarterly and annual reporting.

The role involves underwriting development deals, coordinating with banks for construction financing, and implementing Sage Intacct & Procore to streamline operations.

Qualifications

• 7+ years of Real Estate Development / Construction / Residential Development experience.
• Experience using ADP for Payroll and HR Support functions.

Responsibilities

• Oversee all daily accounting functions for real estate development and property management company.
• Report directly to principal of the company.
• Supervise team of accountants, property managers and project managers.
• Create monthly, quarterly and annual reports distributed to ownership.
• Underwrite new development deals, including creating budgets and proforma models for banks.

Skills

Real estate development experience

ADP payroll & HR support

Tools

Sage Intacct

Procore

Job description

• Oversee all daily accounting functions for 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 and 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 (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 process 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.

Qualifications

• 7+ years of Real Estate Development / Construction / Residential Development type experience required. Understanding Residential Real Estate Development is key, as this role can be very hands on in a growing development company.
• Experience using ADP for Payroll and HR Support functions.