Assistant Project Controller | Real Estate Developer | Chicago

Michael Page

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Job Title: Assistant Project Controller | Real Estate Developer | Chicago
Location: Chicago, IL
Hiring Company: Michael Page
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

*Description*

* Interpretation and application of project documents such as loan, lease, operating agreements and PSA

* Partner/member/lender/contractor/title company relations and reporting, as necessary

* Prepare and track project funding requests

* Prepare summary of lien waivers required and track receipt of same by draw

* Timely solicit and obtain appropriate approval for project costs and prepare disbursements following draw funding

* Prepare invoices for costs funded sources other than loan and equity proceeds

* Make bank deposits as necessary

* Identify eligible project costs incurred and ensure prompt reimbursement

* Maintain project-specific cash summary and projection

* Maintain budget projection and comparison to project pro forma

* Perform monthly general ledger accounting and prepare financial statements

* Compile consolidating financial statements for projects with dual accounting

* Review financial statements prepared by third-party contractors

* Prepare and update workpapers supporting account balances

* Update fee-sharing summaries

* Perform cost segregation analysis following project completion

* Project personal property tax assessments and prepare and file annual returns

* Prepare 1099s and other reports required by taxing authorities

* Assist in land/loan closing and property sale as necessary

* Consistently review project valuation (gross and net), calculate investor's share, and compare to pro forma

* Yardi software administration and maintenance

* Arrange and manage scheduled project pursuit payments (e.g. earnest money deposits)

* Periodically prepare and update entity tax projections

* Perform monthly general ledger review and maintenance

* Prepare and update supplemental schedules supporting account balances

* Compile of monthly financial and management reports

* Prepare projections of development fees receipts

* Maintain project list inventory in time tracking software

* Review, research, edit time entries in time tracking software as necessary

* Ensure proper allocation of costs and labor to other enterprise business units

* Perform special projects as necessary

* Prepare, as assigned, schedules of pre-development costs

* Manage 2-4 staff/senior accountants

To be considered for this position, candidates are required to have:

* Bachelors degree in Accounting/Finance

* 5+ years of experience within development or construction project accounting

* Familiar with Yardi

Growing 25% in 2020 despite Covid-19, they are a key developer for clients such as Amazon, Costco & Target. This is a real estate developer that is heavily invested into light industrial projects and luxury mid/high rise builds. Having been in the market for over 30 years, they are established, reputable and are now looking to bring onboard a new Assistant Controller to take ownership over the day-to-day management of the accounting & Finance function. Great, fun culture with lots of employee perks including 4 weeks PTO, 20% bonus potential, WFH flexibility and your birthday off work!

* A competitive base of salary of between $110,000- $130,000

* Bonus potential of up to 20%

* 4 weeks PTO + sick days and holidays

* Your birthday off work!

* 401k match of 6th

* Excellent healthcare plan for individuals and the family

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