Controller/director of Asset Management - Brattleboro, United States - M&S Development LLC

Description

As experienced development consultants and equity partners, we know the challenges of developing projects in rural towns, and understand the strategies needed to make investments successful for all involved.

M&S leverages vertically integrated, in-house services to minimize transaction costs and shepherd clients through the complex deal structuring process that is inherent in federal tax credit programs like the NMTC, HTC, and LIHTC.

Along with our affiliated design firm, Stevens & Associates, P.C., which offers architecture, structural, civil, and landscape architecture capabilities, M&S delivers a full suite of development services.

From feasibility proformas through the design process, fundraising to financial close, construction management to project closeout, and asset management to optimal property performance, M&S provides continuity of personnel and project management through the entire project lifecycle to reduce risk and maximize outcomes.

M&S has a pipeline of exciting and varied projects across Vermont and the greater New England region as well as a growing portfolio of operating residential and mixed-use assets.

To support and manage this work, we are recruiting a Controller/Director of Asset Management to lead the successful management of our company finances in addition to the finances of its existing portfolio of properties.

This person will report to the Vice President and will supervise multiple staff positions in the performance of this work.

• Corporate finance/Controller responsibilities_
• Overall responsibility for the accounting functions and systems. Ensure sound financial controls are established and maintained.
• Manage the monthend closing process and ensure all balance sheet accounts are reconciled in a timely manner.
• Prepare and analyze monthly financial statements and reports. Review with the owners/management team.
• Prepare annual budget and obtain approval from the management team. Prepare and monthly budget to actual reports with an analysis by business line (Development and Property Management). Review with the management team.
• Prepare monthly cash position and forecast. Review with the owners/management team.
• Coordination with project managers to prepare and send monthly invoices.
• Oversee accounts receivable and accounts payable functions. Check signing authority up to $25,000.
• Review and approve biweekly payroll. Work with payroll servicer/401k administrator to ensure accurate quarterly and annual tax reports.
• Work with benefits administrator to ensure appropriate benefit packages are offered and accounted for.
• Coordinate with insurance agent to ensure proper insurance coverage annually.
• Coordinate with tax accountant on annual tax returns. Work with bookkeeper to prepare 1099s reports.
• Supervise Office Manager/Bookkeeper.
• Asset and property Management responsibilities_
• Understand multiple projects' structure, entities and related finances
• P&L responsibility for several complex real estate companies
• Quarterly review of project financial statements
• Quarterly review of project budget to actual reports
• Quarterly review of project cash flow projections
• Quarterly review of investor memo/meeting agendas
• Approval of projects' annual operating and capital needs budgets
• Approval of project expenses/checks greater than $5000, up to $25,000. Approve all vendor contracts greater than $5,000.
• Manage project accountants in financial administration of projects including tax return prep, 1099 reporting, investor distributions and investor communications
• Ensure timely completion of all compliance activities across a range of funding sources
• Lead deal unwind activities and end of compliance period including legal restructuring and debt refinance
• Supervise Manager of Property Management, Manager of Building Operations and Project Accountant

• BA/BS in business, finance, law, real estate, or related area of study
• 10+ years experience in business management, real estate, or related field
• Advanced degree in business, finance, or similar a plus
• Certified Public Accountant a plus
• Personal passion for and commitment to the enduring vitality of historic New England buildings and communities
• Action and results oriented; driven to ensure project success on client's behalf
• Deep curiosity and creativity, and a drive to solve problems, improve and simplify designs, systems, and processes
• Ability to adapt to quickly changing environments and serve in many roles as part of a nimble and innovative team
• Excellent written and verbal communication skills, responsive and timely communicator with clients, stakeholders, and team members
• Ability to multi‐task, prioritize and maintain a high level of organization in a dynamic environment
• Professional demean