Title:

Controller - Real Estate

Job Description:

Job Overview

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.

Roles & Responsibilities

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Other duties may be assigned.

• 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.

Qualification

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

Education and/or Experience:

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.

Certificates, Licenses, Registrations: May be required to have a valid driver’s license.

Knowledge, Skills, and Abilities:

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.

Supervisory Responsibilities

Carries out management responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, planning, assigning, and directing work; performance evaluations; rewarding and disciplining employees; addressing complaints and resolving problems. Ensure employees are properly trained on tasks and safety requirements.

Physical Demands & Work Environment

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit. The employee is frequently required to walk and use hands to finger, handle, or feel. The employee is occasionally required to stand.
• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually quiet.

Compensation: $140,000 - $175,000

Benefits:

SBM offers comprehensive benefit packages. For information about SBM's benefits, please visit SBM's website at:

www.sbmmanagement.com/careers Careers – SBM

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.