Project Controller at Crescent Communities – Charlotte, North Carolina

Crescent Communities is a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use “communities.” We specialize in place-making and create high-quality, differentiated multifamily and commercial developments in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 95 multifamily communities, 26 million square feet of commercial space and over 60 master planned communities. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Austin, Denver, and Phoenix. Our multifamily communities are branded NOVEL (urban), RENDER (suburban) and HARMON (build-to-rent) and our commercial developments are branded AXIAL (industrial), THE YIELD (life science) and BOWER (office).

JOB SUMMARY

Position manages, directs, and controls the accounting-related activities for several multifamily projects to ensure accurate and timely accounting information is provided to development 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 project(s) while providing expertise and guidance to management. Coordinates with others to accomplish objectives.

ESSENTIAL FUNCTIONS

• Project Accounting – Development

o Prepare and analyze transactions and entries to ensure proper accounting, account classification and recording

o Provide timely and accurate status reports for management, banks and JV partners while conducting complex financial accounting analysis of data to identify trends, unusual variances and deviations that should be brought to management’s attention

o Consult with customers and company management to identify reporting requirements that satisfy their needs/objectives

o Monitor project activities to ensure compliance with contracts, company policies, bank loans and partnership agreements

o Assist project management with the preparation of monthly cash flow models for estimating liquidity, preparing budgets and estimating fair market value

o Prepare construction loan draws and capital calls

o Review and account for cash receipts and disbursements

• Month-End Close

o 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 JV partners, review financial statements received and consolidate as required

- Prepare account and bank reconciliations, including supporting workpapers

o Document policies and procedures to ensure an efficient and accurate close process

• Accounting Research & Internal Controls

o 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

o Keep management informed of policies, procedures and other activities which may deter the safeguard of assets

o 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

o Audit support - coordinate the preparation and consolidation of sources data, supporting documentation and rationale to external and internal audit personnel

• Accounting Systems

o Remain current in working knowledge of systems and applications

o Remain aware of trends, procedures, technological advancements relative to accounting and project development

JOB REQUIREMENTS AND QUALIFICATIONS

Education and Experience

Minimum:

• Bachelor’s degree in accounting and 5+ years related experience in real estate environment

• Public accounting experience preferred

• Accounting and Project Controller experience for development projects, especially in a multifamily environment

• Pro-active leader

• Strong attention to detail and accuracy

• Professional demeanor and ability to establish and sustain working relationships

• Ability to multi-task and work on several development projects while meeting month-end deadlines

• Proven background in being flexible, collaborative and willingness to work extra hours when needed

• Technical proficiency in accounting software

Desired:

• CPA license is a plus

• Ability to identify complex accounting issues, research GAAP and propose accounting treatment

• 7+ years related experience in the real estate industry

• Experience with Yardi, Prophix, Concur

PHYSICAL DEMANDS

• Communicate and converse to exchange information

• Ability to operate a computer keyboard, phone, calculator and other office equipment with or without accommodations.

• Seeing to read a variety of materials

• Must be able to remain in a stationary position for extended periods of time.

• Must be able to transport 10-25 lbs. (computer, files, etc.)

• Move about the office to access file cabinets, office machinery, etc.

• Ability to work under stressful, fast-paced conditions

BENEFITS

We offer a full benefits package starting day one that includes health, dental, vision, paid time off, paid holidays, 401k plan, paid STD/LTD, parental leave, charitable match, wellness subsidy, community involvement, summer hours, education reimbursement, employee assistance program, hybrid flexible schedules and much more!

WORK ENVIRONMENT

Professional office environment Flexible working hours are M-F, 8:00am – 5:00pm (alternate schedule may apply). Must have reliable transportation

OTHER DEMANDS

Ability to travel to field locations and stay overnight, if required

DISCLAIMER/OTHER DUTIES

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.

Crescent Communities, LLC is an Equal Opportunity Employer

An equal opportunity employer, Crescent Communities treats each individual fairly in all employment decisions without regard to race, color, gender, religion, age, sex, gender identity, national origin, sexual orientation, veteran, disability or any other protected status by federal or local law.

Crescent Communities, LLC participates in E-Verify