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Controller (Real Estate Construction/ Development) (pipeline)

3 months ago

New York, United States Assembly OSM Inc. Full time
About Assembly OSM

Assembly OSM is a fast-growing, Fifth Wall-backed company on a mission to make urban development more scalable and sustainable. We are a NYC-based modular design builder with decades of experience in real estate development, public-private partnerships, offsite construction, and manufacturing. We are hard at work developing our first two buildings in New York City, and growing the team to allow us to really take Assembly to scale.

Our team has developed billions of dollars of urban real estate including the tallest high-rise modular tower in North America (461 Dean Street), and has led major manufacturing operations at companies like Tesla and General Motors.

The Assembly approach is quite different than the modular solutions that have been deployed in the past. The process is more similar to aerospace manufacturing than constructionleveraging high fidelity digital twin models and distributed manufacturing to make our business more scalable and resilient.

If our mission speaks to you, we encourage you to apply

Assembly OSM is seeking an experienced Real Estate Controller to join our dynamic team. In this role, you will be responsible for the overall financial management and accounting of the company, overseeing our portfolio of construction projects, and ensuring the integrity and accuracy of our financial information. You will develop and implement our financial strategies, and lead our accounting operations, ensuring compliance with local, state, and federal regulations. The ideal candidate will have a minimum of 10 years of experience in real estate finance, accounting, or related fields, a proven track record in managing complex intercompany transactions, specific experience with NYC multifamily construction and development and Environmental, Social, Governance (ESG) financing for real estate.

You will:

Plan, direct, and implement all accounting operations and financial management functions of Assembly - including management of an outsourced CFO organization and grow an in-house team

Direct the accounting operations including development draws, capital calls, A/P, A/R, and bank reconciliations.

Review, analyze, and manage general ledger accounts for multiple development projects and corporate operations.

Oversee monthly, quarterly, and annual close of accounting and financial records.

Work with legal and outsourced CFO to respond to investor and lender monthly, quarterly and annual reporting requirements and audit requests

Manage all capital calls for self-developed projects

Manage all accrual and cash basis accounting functions for the portfolio of projects.

Review invoices to ensure correct account coding and expense allocations.

Prepare invoices for projects with appropriate G702/G703 format.

Maintain fixed asset and depreciation schedules.

Produce the annual budget and provide forecasts for portfolio properties on cash and accrual basis; report significant budget differences to management.

Work closely with the Chief Administrative Officer to ensure that expenses are on target with projections and that the organization operates within budget parameters.

Oversee the production of periodic financial reports; ensure that the reported results comply with generally accepted accounting principles.

Maintain a documented system of accounting policies and procedures; implement a system of controls over accounting transactions to minimize risk.

Work with external auditors and provide needed information for the annual audit of housing entities.

Ensure compliance with local, state, and federal government requirements.

Research, apply for and manage ESG financing opportunities for projects; maintain relationships with ESG-focused organizations and investors.

You are:

An excellent manager and supervisor with strong interpersonal skills.

Highly organized with excellent time management skills.

Proficient in accounting and tax preparation software and Microsoft Office Suite.

Capable of analyzing financial data and preparing financial reports, statements, and projections.

You have:

A Bachelor's Degree in Accounting or Finance (required)

10+ Years of accounting experience within the real estate or construction industry

Familiarity in the manufacturing industry, a plus

Familiarity with ESG financing, real estate ESG practices or related experiences

Salary Range: $140-165k/year depending on experience.

At Assembly, we aim for genuine inclusion and belonging. We are proud to be a minority-led firm, equal-opportunity employer, and have zero tolerance for harassment or discrimination. We seek out employees of all races, colors, religions, ages, gender identities and presentations, LGBTQ+ identities and orientations, family and parental statuses, veteran and disability statuses, and ancestries and national origins.

Benefits
  • Medical, Dental, and Vision Benefits
  • 20 PTO days per year, plus holidays
  • Free One Medical and virtual healthcare services, including Health Advocate and Teladoc
  • Commuter Benefits
  • FSA and HSA
  • 401k

* Please note that being authorized to work in the United States is a precondition of employment for this role. We are not sponsoring work visas, such as H-1B visas, at this point in time.*