Bridge Housing Corporation - San Francisco, CA
posted 3 months ago
The Assistant Development Controller at BRIDGE Housing plays a crucial role in overseeing GAAP accounting for various projects throughout all phases of the development pipeline, which includes pre-development, construction, and stabilization. Reporting directly to the Senior Vice President of Finance & Accounting, this position is responsible for leading a high-performing development accounting team and managing the cost certification process. The Assistant Development Controller ensures timely submission of draws to investors and lenders, and guarantees that contractors and vendors receive timely payments once the draw is funded. This role also serves as the primary point of contact for all audit and tax work related to BRIDGE's ground-up portfolio, providing essential technical accounting advice to the Development team. The Finance & Accounting Team at BRIDGE consists of 40 staff members divided into three teams: Corporate, Property Management, and Development. Each team has an Assistant Controller role, and the Assistant Development Controller will work closely with these teams to ensure a high level of customer service and quality deliverables. The position requires a strong focus on team management, including hiring and supervising accounting staff, conducting annual performance reviews, and identifying training needs to foster professional growth among team members. In addition to team management, the Assistant Development Controller is responsible for the day-to-day general ledger accounting activities, overseeing the monthly reconciliation process, accounts payable, and financial reporting for BRIDGE projects. This role acts as the primary liaison to external auditors, managing the annual financial audit of all properties and assisting in the submission and review of annual tax returns. The Assistant Development Controller will also support the development and maintenance of accounting policies and procedures to ensure proper internal controls and compliance with GAAP standards. The position requires monitoring project budgets and forecasting potential gaps in financing sources and uses. The Assistant Development Controller will track all BRIDGE advances and loans into projects, ensuring timely repayment. Additionally, the role involves developing and implementing efficiencies in the monthly draw process, leveraging Northspyre software, and leading special projects and ad hoc analyses as needed.