Ascendo Resources | Assistant Controller Real Estate Development | carlstadt, nj

1 week ago


carlstadt, United States Ascendo Resources Full time

Job Title: Assistant Controller

Location: Carlstadt, NJ

Job Description:



  • Oversee monthly closing of development operations, including active construction projects and those projects in pre-development
  • Will require close coordination with Purchasing and Construction
  • Review monthly job cost reports and provide updates to project budget
  • Project budget maintenance, including analyzing variances versus budget and seeking ways to reduce costs
  • Key performance indicator monitoring
  • Assist in vendor management and communicate regularly with Accounts Payable of upcoming payments to avoid the need for urgent payments
  • Assist in escrow payment processing and reconciliation
  • Assist in project closeout in partnership with Purchasing and Construction
  • Forecast remaining spend to commitments
  • Analyze retention release and change orders
  • Lead transition from development to operations
  • Contribute to implementation of Procore Analytics and Procore Pay modules
  • Develop forecasts and budgets for development projects
  • Administration support of Procore pay for compliance and facilitation of payments
  • Assist in preparation of monthly and annual financial statement reporting of joint venture development projects and communication of results to ownership, including limited partners
  • Monitor project liquidity and call for capital contributions as required
  • Oversee the maintenance of capital accounts statements and assist in reconciliations as required
  • Work with Development & Legal departments as new projects are onboarded and then transitioned to actively managed projects
  • Assist in land closing and partnership formations, including opening of bank accounts, ensuring liquidity to close, working with Treasury analyst to process wires and working with Development Accountant to ensure closing costs are accounted for correctly
  • Work with Treasury Analyst to closely monitor project liquidity and forecast near-term cash requirements
  • Assist CFO in evaluation and implementation of new technologies to upgrade payment processing (Timberscan) and implement a new ERP
  • Ensure Bill4Time properly allocates payroll to development projects
  • Review monthly credit card bills and perform variance analysis, as required



Ascendo is a certified minority owned staffing firm, and we welcome and celebrate diversity.

Ascendo is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, parental status, military service or any other characteristic protected by federal, state or local law.



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