Controller

Industry: Accounting/Finance

Company: Crescent Communities

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 85 multifamily communities and 24 million square feet of commercial space. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix. Our multifamily communities are branded NOVEL, RENDER and HARMON by Crescent Communities, our industrial developments are branded AXIAL by Crescent Communities, and our life science developments are branded THE YIELD by Crescent Communities.

JOB SUMMARY

The Controller will be a key member of the Company’s Leadership Team and will have primary responsibility for overseeing all accounting functions of the Company including the oversight of internal and external financial reporting, design and maintenance of internal controls, accounting systems, treasury, compliance and leadership and development of accounting department personnel. Position is also responsible for the oversight of financial reporting of numerous joint ventures for which the Company provides accounting services. This position reports to the CFO and works with other key leaders to develop and implement current and long-range business plans and strategies for the Company.

ESSENTIAL FUNCTIONS

• Responsible for accurate and timely financial reporting for the Company and affiliates in compliance with U.S. Generally Accepted Accounting Principles (“GAAP”) and company policies.
• Ensure the effective development and implementation of accounting systems to enhance operations and ensure sufficient internal accounting controls.
• Promotes a work culture of high performance and continuous improvement.
• Directs the reporting of monthly results compared to budget and reforecast, explaining variances, and overseeing the compilation of monthly reporting to internal and external stakeholders.
• Ensure the company and subsidiary annual audits are carried out timely and audited financial statements are issued with unqualified opinions. Engage in well researched discussions with auditors to ensure the financial position of the company and affiliates are appropriately reflected.
• Oversight of timely reporting to lenders and capital partners and routinely certify to the accuracy of financial reports and compliance with covenants. Requires a detailed understanding of legal agreements.
• Provides oversight and guidance for the accounting services provided to unconsolidated joint venture entities and investment funds, including the review and approval of distributions.
• Guides all treasury functions including cash management, AP, AR, surety bonds and letters of credits, ensuring near term working capital needs are met. Responsible for all borrowings and repayments of Company loans and compliance with debt terms.
• Routinely meets with parent company representatives to explain all internal and external financial reports and transactions to enable translation and inclusion in Japanese parent company reports.
• Maintains relationships with numerous third-party resources including – attorneys, banks, external auditors, consultants, surety brokers, etc.
• Partners with the CFO and executive leadership to drive expense control and adherence to budgets.
• Ensure all personnel in the accounting department provide effective and timely assistance to other company departments concerning accounting and financial matters.
• Ensure compliance with all applicable policies, laws, rules, and regulations.
• Build and sustain a high-performance team through hiring, developing, and retaining high performing staff members.

JOB REQUIREMENTS AND QUALIFICATIONS

Education and Experience

Minimum:

• Bachelor’s degree in accounting or related field
• CPA required
• 10+ years’ experience in financial and accounting statement preparation
• Proven analytical skills, attention to detail and ability to prioritize and meet deadlines
• 5-8 years management experience leading an accounting function
• Demonstrated ability to drive process improvement by leveraging technology
• Advanced computer skills
• Excellent GAAP and financial reporting skills
• Ability to establish and maintain good working relationships with co-workers, subordinates, peers, and internal/external customers including Owners and C-Suite executives external to Crescent.

Desired:

• Master’s degree in accounting or related field (finance/economics)
• Public accounting/audit experience
• Prior 5-8 years’ experience in the real estate or construction industry
• 5+ years’ experience working as a controller in the real estate or construction industry
• Exceptional work ethic
• Excellent communication skills both written and oral and preparation of final draft deliverables.

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