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Senior Development Controller

Senior Development Controller

Company 
Bedrock Management Services LLC
Location 
US-MI-Detroit

Opportunity Details

Who We Are

About Bedrock:

Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing, and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates has committed more than $5.6 billion in acquiring and developing more than 100 properties in downtown Detroit and Cleveland totaling more than 16 million square feet. 

 

Bedrock is leading Detroit’s building boom with the city’s largest and most ambitious projects. These projects meet an increasing demand for Class A office space and modern living options in a growing and technology-centric urban core, with an emphasis on ground-level activation and increased walkability. In the next five years, Bedrock plans to deliver 3,500 new residential units to the market; from City Modern, an 8.4-acre neighborhood where residents can age in place; to 28Grand, where residents use the city as their living room; to the Hudson’s project, which will soon be home to Detroit’s tallest building and most landmark address. 

 

Our Core Values:   Independently Driven | Never Satisfied | Relentless Commitment to Service

 

Why Bedrock?

At Bedrock, we create unique experiences through real estate!  From your experience each day at the workplace to the experience we create for those who live, work, and play in our spaces, we are focused on making a lasting impression through our properties and developments.  We are looking for team members that want to make an impact in the fast-paced world of real estate, management and development and who want to be a part of a team who is changing the landscape in the cities where we work.  At Bedrock, you will be a part of an inspirational, energy-filled environment.  Come join the momentum! For more Information, visit bedrockdetroit.com or engage with us on Twitter @BedrockDetroit and Facebook.

 

What You'll Do/Need

Position Summary:

Reporting to the VP, Accounting, the Senior Development Controller operates in a fast-paced, dynamic environment.  Leading the Development Accounting team, the Senior Development Controller supports the portfolio of real estate projects held for development or under construction managed by Bedrock. This person must possess the necessary skills in accounting for real estate projects still in development with an understanding of both GAAP and tax treatment of related costs.

 

Position Responsibilities:

  • Supervises and guides the activities of a team of four people, including a Senior Accountant and a Staff Accountant, while providing leadership, motivation and support to drive superior performance

  • Ensures accounting records are maintained on projects held for development or under construction in accordance with GAAP
  • Improves financial reporting workflows to help in the consolidation of information to various stakeholders internally and externally Plans, develops, and implements effective accounting strategies, policies and procedures in accordance with evolving regulations, legal and governmental requirements and industry trends
  • Creates, reviews, and approves journal entries as needed to maintain accuracy of the general ledger
  • Produces and presents accurate and timely month and quarter-end accounting reports, which include budget vs. actual and spend projections for all active and proposed projects
  • Continues to develop and refine project cost reporting within Yardi and/or eBuilder to support the Finance, Accounting, and Construction and Management teams’ needs for accurate spending information
  • Monitor status of various tax credit/incentive programs across the portfolio
  • Assist in preparing portions of quarterly funding request

 

Leadership Competencies & Deliverables:

  • Integrity & Ethics: Highest standards of personal and professional integrity and ethics
  • Strategic Thinker: designs and refines organizational strategies for both the present and future, in a fast-paced, ever-changing, global digital and technology arena
  • Customer Experience: Sponsors key initiatives at the organizational level to delivery of messages, pushing for change, providing resources, and generating excitement – both internally and externally
  • Communication Agent: Consistently and persistently ensures that vision of Bedrock is clearly communicated to key leaders and that they are able to help others translate the vision into action
  • Influence: Achieves long-term strategies by successfully influencing initiatives to key leaders in Finance, Technology, Risk Management, Construction, Legal, Property Management, etc.
  • Change Leadership: Takes proactive role by articulating a compelling vision of change; anticipating and overcoming potential obstacles; and addressing conflicts among the leadership group for discussion and resolution
  • Partnership:  Strategically partners with Bedrock’s leaders.  Sustains organizational partnerships during periods of change and adversity
  • Team Focus: Models collaboration in building plans and strategies to enhance organizational clarity.
  • Adapts management style to enable optimal team performance
  • Commitment to Results: Invests significant resources towards opportunities for radical improvement—setting standards for growth, quality and service that assure market leadership
  • Culture Champion: Develops and supports long-range diversity and inclusivity strategies and initiatives that improve market penetration, enhance leadership makeup, and create a culture that values diversity
  • People Leadership & Development:  promotes the visibility of current and future leaders and supports individuals with their development to ensure Bedrock’s talent and leadership talent and succession requirements and strategies are achieved

 

Position Requirements:

 

  • A Bachelor’s Degree in Accounting is required; CPA certification is a plus
  • 10+ years of accounting experience with 5 years of commercial real estate industry experience 
  • 5 years of construction project management experience and people leadership experience, preferably with large projects ($50M+)
  • Proficiency in Yardi accounting software and experience with e-builder is preferred
  • Interest and passion for urban planning and transforming industrial-age cities
  • Ability to think strategically, synthesize business data and develop innovative and holistic business solutions that are forward thinking and growth oriented
  • Experience at the leadership level delivering innovative strategies and programs in a fast paced, evolving, global organization across a diverse set of businesses
  • Relates well to others, builds rapport, and effective relationships, uses tact, can diffuse high-tension situations. Can also be tough minded in a constructive way. Can get things done within the formal and informal corporate structure(s)
  • Ability to effectively partner in the development and execution of business strategies
  • Uses strong analytical capabilities and a fact-based approach to develop effective solution to business issues
  • Ability to effectively partner in the development and execution of business strategies
  • Strong multi-tasking and prioritizing abilities while being nimble and adaptable
  • Demonstrated integration and strategic planning skills
  • Demonstrated written and verbal communication skills
  • Projects the highest levels of integrity while winning through a consultative and embracing personality
  • Superior interpersonal and presentation skills as well as proven organizational skills
  • Expertise in the overall regulatory frameworks associated
  • Decisive yet flexible; disciplined and focused on business fundamentals

 

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