Position manages, directs, and controls the complex accounting-related activities for several commercial projects to ensure accurate and timely accounting information is provided to company teams, management, lenders, and partners. Directs accounting activities to ensure compliance with Generally Accepted Accounting Principles (GAAP), federal and state regulations, and internal business policies. Identifies/resolves complex accounting problems/issues associated with the Business Unit and projects while providing expertise and guidance to management. Coordinates with others to accomplish objectives. Collaborates closely with Business Unit Controller to research, review and discuss new guidance in addition to develop and implement process improvements.
Project Accounting – Development
Prepare and analyze transactions and entries to ensure proper accounting, account classification and recording.
Provide timely and accurate status reports for management, banks and joint venture partners while conducting complex financial accounting analysis of data to identify trends, unusual variances and deviations that should be brought to management’s attention.
Consult with customers and company management to identify reporting requirements that satisfy their needs/objectives.
Monitor project activities to ensure compliance with budgets, contracts, company policies, bank loans and partnership agreements.
Assist project management with the preparation of monthly cash flow models for estimating liquidity, preparing budgets, and estimating fair market value.
Prepare construction loan draws and capital calls
Review and account for cash receipts and disbursements
Ensure proper payment to third parties through invoice review/approval
Lead the month-end close process, including:
Prepare month-end closing entries, including relevant support
Coordinate month-end close with third party property managers and joint venture partners, review financial statements received and consolidate as required.
Prepare account and bank reconciliations, including supporting workpapers.
Document policies and procedures to ensure an efficient and accurate close process.
Accounting Research & Internal Controls
Notify management of any deviations from policies and/or procedures which may be in violation of the company policy and/or federal and state regulations.
Research accounting, regulatory, tax and economic issues applicable to the real estate development industry, which requires a thorough technical understanding of the company and the industry.
Provide audit support for the Corporate audit and serve as the lead on project audits - coordinate the preparation and consolidation of source data, supporting documentation and rationale to external and internal audit personnel.
Maintain a current working knowledge of systems and applications
Remain abreast of trends, procedures, technological advancements relative to accounting and project development.
Research various publications/literature to remain abreast of accounting/project development trends.
Attend related conferences/seminars and confer with industry leaders to obtain/provide information regarding accounting trends/project management.
Evaluate work practices/procedures and implement changes as necessary
Bachelor’s degree in accounting and 7-10 years related real estate development experience or a minimum of 5 years of recent public accounting experience preferably serving real estate clients.
Ability to identify complex accounting issues, research GAAP and propose accounting treatment.
Self-starter with the ability to work well both individually and within a team
Excellent communication skills
Advanced Excel skills
Strong attention to detail and accuracy
Professional demeanor and ability to establish and sustain working relationships
Ability to work on several development projects while meeting deadlines
Experience with Timberline, TimberScan, Prophix, Concur and Sage Fixed Assets.
Physical Requirements and Other Information
Hearing and speaking to exchange information
Ability to operate a computer keyboard, phone, and other office equipment
Seeing to read a variety of materials
Sitting for extended periods of time
Ability to carry 5-10 lbs. (computer, etc.)
Normal office environment with exposure to personal computer monitor and frequent use of a keyboard.
M-F, 8:00 am – 5:00 pm (schedule may vary depending on location)
Valid driver’s license or reliable method of transportation to/from work
Ability to travel to different field locations/corporate office and stay overnight as required.
Ability to work late hours and weekends as required to meet deadlines
This document describes the position currently available and serves only as a summary of the typical functions of the job. It is not an exhaustive or comprehensive list of all possible job responsibilities. Tasks, responsibilities, and duties of the jobholder may differ from those outlined. Other duties, as assigned, might be part of the job. It is not an employment contract. Our company reserves the right to modify job duties or job descriptions at any time.
About Crescent Communities, LLC
Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated multifamily and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 59 multifamily communities, 21 million square feet of commercial space and 60 single family master-planned communities. Headquartered in Charlotte, Crescent Communities has regional offices in Washington, DC, Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix. Our multifamily communities are branded NOVEL by Crescent Communities.