Development Portfolio Controller

POSITION SUMMARY:

Responsible for the integrity of financial information for select development projects and processes in compliance with generally accepted accounting principles (GAAP), company policy and contractual arrangements. Ensure strong system of internal control in support of SOX 404. Possess the most detailed knowledge of the projects and development projects in order to address both managerial and financial concerns. Review monthly job cost reports, monitor cost activity, develop budgets and quarterly estimates, analyze variances and interface with project managers to resolve issues. Perform balance sheet reviews and audit work paper preparation. Provide management relevant and timely information on which to make decisions.

ESSENTIAL FUNCTIONS:

• Responsible for various monthly processes including labor allocation journal entries/reporting, and third-party percentage of completion revenue accounting/reporting.

• Assist with monthly activities associated with deprecation reviews and other activities as assigned.

• Responsible for cost accounting and maintaining complete historical books and records for a group of land and office building development projects thru all phases of development.

• Review and maintain the job cost ledger.

• Review activity for data integrity and correct accounting per GAAP.

• Identify and resolve any discrepancies.

• Ensure effective Internal controls are in place to identify discrepancies.

• Monitor performance against expectations and correct financials as necessary.

• Provide decision support for project managers and serve as primary point of contact.

• Prepare audit work papers as assigned.

• Monitor and review PAY invoices to and vendor Contracts/Change orders to ensure timely vendor payment and recording as well as proper coding.

• Monitor payments against approved spend.

• Investigate and resolve variances.

• Manage budgets and estimates in the job cost system.

• Collaborate with project management, to obtain estimates.

• Review and analyze costs comparing to estimates or budgets following up on variances.

• Provide timely monitoring reports to project managers and other Company leaders and follow up on needed JAF's.

• Supervise and direct workflow for accounting staff.

• Be a mentor to enhance skills and provide career growth.

SECONDARY RESPONSIBILITIES:

• Participate in the due diligence process for acquisitions, dispositions or financings which requires an intense effort in a compressed timeframe.

• Understand and maintain the internal controls and policies of COPT. Communicate any deficiencies in controls to Supervisor.

• Perform other job-related duties as assigned.

QUALIFICATIONS:

Education

• Bachelor Degree in Accounting or related discipline required.

Further Training

• CPA is preferred. May consider a CPA candidate who will successfully complete the certification in 18 months or less.

Professional Experience -

• Four to six years of related accounting experience required.

• Prior construction accounting experience preferred.

Computer Skills -

• PC proficiency using Microsoft Office applications (Word, Excel, Outlook, etc.) and ability to learn company specific software.

• Ability to adapt to new or changing software programs.

• Familiarity with accounting systems such as Voyager preferred.

Mobility

• N/A

Other Requirements -

• Strong analytical, technical, interpersonal and communication skills required.

• Demonstrated ability to comprehend multiple and complex business transactions and documents.

• Some experience in budgeting, forecasting and proforma preparation and analysis required.

• Must have strong problem-solving skills and possess solutions-based approach to identified areas of opportunity.

• Able to work independently.

• Must be able to meet deadlines, communicate status of matters with stakeholders and multitask.

• Working knowledge of GAAP and Sarbanes Oxley.

• Demonstrated Leadership Ability.