• Assistant Controller- Development

    CBRE (New York, NY)


    Assistant Controller- Development

     

    Job ID

     

    219469

     

    Posted

     

    19-May-2025

     

    Service line

     

    Advisory Segment

     

    Role type

     

    Full-time

     

    Areas of Interest

     

    Accounting/Finance, Design, Development

     

    Location(s)

     

    New York City - New York - United States of America

    About The Role:

    We are looking for an Assistant Development Controller for CBRE Investment Accounting & Reporting Solutions, where you will work in an exciting and growing environment. This contributor will be assisting the Controller in coordinating the cost reporting of clients development projects, keeping track of client expectations, communicating with different internal and external collaborators, and preparing financial reports.

    What You'll Do:

    + Completes and coordinates sophisticated accounting transactions in preparation of client financial statement packages.

    + Prepare development cost reports.

    + Ensure that contracts and change orders on design and construction projects are properly maintained.

    + Ensure all project costs to date are included in the cost report (construction, consultants and TS fees and costs).

    + Work with project executives to update and review anticipated project costs, including monthly variance report.

    + Reconcile cost reports to general ledger or loan draws.

    + Coordinate preparation of funding requests to lenders and partners.

    + Review approved payment applications and invoices, including troubleshooting invoices without proper documentation.

    + Manage the payment of development fees, payroll, and reimbursable expenses.

    + Manage cash balances.

    + Ensures that all expenses, receipts, owner's distributions, funding requests and other transactions for the accounting period have been accurately posted.

    + Generates and reviews financial packages for accuracy and comprehensive reporting.

    + Adheres to Client Accounting Policies and Procedures (CAPP) to ensure reporting requirements are consistently met.

    + Reviews and audits funding and payment requests for accuracy, documentation, and authorization in accordance with established operating procedures.

    + Researches open accounting issues and recognizes potential issues and/or conflicts so corrective action can intercept and minimize issues.

    + Communicates requests for additional services from clients and the field to senior management and understands the scope of accounting services for the properties in portfolio.

    + Oversee the start-up or completion of projects including purchase/sale proration, property software setups, and opening/closing entry generations.

    + Coordinates work with other team members within single point-of-contact (SPOC) guidelines.

    What You'll Need:

    To perform this job successfully, an individual will need to perform each crucial duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

     

    + Bachelor's degree in accounting or finance.

    + 3+ years prior development accounting experience required.

    + Experience with real estate accounting software such as Yardi is preferred.

    + Fluent English written and verbal interpersonal skills.

    + Requires sophisticated understanding of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an understanding financial terms and principles to include accounting methods (cash, accrual, and full GAAP).

    + Ability to solve problems involving several options in situations.

     

    Why CBRE

     

    When you join CBRE, you become part of the global leader in commercial real estate services and investment that helps businesses and people thrive. We are dynamic problem solvers and forward-thinking professionals who create significant impact. Our collaborative culture is built on our shared values — respect, integrity, service and excellence — and we value the diverse perspectives, backgrounds and skillsets of our people. At CBRE, you have the opportunity to realize your full potential.

     

    CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for the Assistant Development Controller position is $100,000 annually and the maximum salary for the Assistant Development Controller position is $115,000 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE’s applicable benefit program.

     

    **Equal Employment Opportunity:** CBRE has a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

    **Candidate Accommodations:** CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at [email protected] or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).

     

    CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)