What are the responsibilities and job description for the Development Portfolio Controller position at Corporate Office Properties Trust?
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 :
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 -
Computer Skills -
Mobility - N / A
Other Requirements -
Pay Range : $85,000 - $100,000
CDP proudly offers to all employees working a minimum of 30 hours per week market-leading health benefits including medical, dental, vision and prescription, etc.
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Salary : $85,000 - $100,000
