Assistant Development Controller Jobs

About the role

We are looking for an Assistant Development Controller for CBRE Investment Accounting & Reporting Solutions, where you will work in an exciting and growing environment. This contributor will assist the Controller in coordinating the cost reporting of clients development projects, keeping track of client expectations, communicating with different internal and external collaborators, and preparing financial reports.

What you’ll do

• Reviews and audits funding and payment requests for accuracy, documentation, and authorization in accordance with established operating procedures.
• Review approved payment applications and invoices, including troubleshooting invoices without proper documentation.
• Adheres to Client Accounting Policies and Procedures (CAPP) to ensure reporting requirements are consistently met.
• Oversee the start-up or completion of projects including purchase/sale proration, property software setups, and opening/closing entry generations.
• Completes and coordinates sophisticated accounting transactions in preparation of client financial statement packages.
• Work with project executives to update and review anticipated project costs, including monthly variance report.
• Coordinates work with other team members within single point-of-contact (SPOC) guidelines.
• Researches open accounting issues and recognizes potential issues and/or conflicts so corrective action can intercept and minimize issues.
• Ensure all project costs to date are included in the cost report (construction, consultants and TS fees and costs).
• Ensure that contracts and change orders on design and construction projects are properly maintained.
• Generates and reviews financial packages for accuracy and comprehensive reporting.
• Reconcile cost reports to general ledger or loan draws.
• Communicates requests for additional services from clients and the field to senior management and understands the scope of accounting services for the properties in portfolio.
• Ensures that all expenses, receipts, owner's distributions, funding requests and other transactions for the accounting period have been accurately posted.
• Manage cash balances.
• Manage the payment of development fees, payroll, and reimbursable expenses.
• Prepare development cost reports.
• Coordinate preparation of funding requests to lenders and partners.

What you’ll need

• Experience with real estate accounting software such as Yardi is required.
• 3+ years prior development accounting experience required.
• Bachelor's degree in accounting or finance.
• Requires sophisticated understanding of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an understanding financial terms and principles to include accounting methods (cash, accrual, and full GAAP).

Disclaimers

New York City Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for this position is $73,000 annually and the maximum is $120,000 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE’s applicable benefit program.

Why CBRE?

Our team is the only 100% dedicated Real Estate Fund and Property accounting business supporting Global and Pan-European coordination for clients providing Fund & SPV Accounting, Investor Reporting, and Performance Measurement services to real estate investment companies, sovereign wealth funds, and other institutional investors in key financial markets. Our team of professionals offers unmatched dedication. We serve only real estate and have a history of effectively serving all real estate asset classes; including simple to sophisticated investment structures.

CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law. We also provide reasonable accommodations, as needed, throughout the job application process. If you have a disability that inhibits your ability to apply for a position through our online application process, you may contact us via email at [email protected] or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).