The Director of Development Accounting and Finance will be responsible for the financial modeling and tracking of active development and redevelopment projects for a group of retail real estate assets. This position is based in Chicago, IL.
Complete monthly forecasts of active development projects which will require significant ongoing coordination with the development, leasing, and accounting departments;
Responsible for evaluating contracts and remaining spend on each development project to identify potential cost overruns and communicate them to senior management as identified;
Create and establish a process with the appropriate controls to complete the monthly development forecasts;
Create, maintain, and present executive development dashboard and project reporting to senior management on a monthly basis;
Coordination with Accounting team to ensure accuracy of reporting and analysis on active projects;
Coordination with Financial Planning & Analysis team to ensure accuracy of development assumptions reflected in the long-term forecast;
Additional ad hoc responsibilities to include quantitative and qualitative analysis on active projects, as well as assistance in preparing materials for presentation to executive management and investors;
Provide Finance capabilities in cross-functional teams to establish timelines, coordinate approvals, and monitor ongoing progress with respect to development and redevelopment projects;
The successful candidate will have a background in real estate accounting and finance. Experience within the real estate business and a public accounting firm will serve this individual well.
A Bachelor’s degree in Accounting; CPA preferred.
Knowledge, Skills and Abilities:
Experience in the real estate industry is essential.
Experience in a public accounting firm.
Strong financial acumen and ability to understand retail real estate operating statements.
Minimum of 5 years of relevant experience in a high performance and high growth organization.
Strong analytical and creative problem solving skills.
Strong knowledge of Excel.
Professional and Personal Characteristics:
Strong analytical and technical skills.
Outstanding financial acumen.
Outstanding oral and written communication skills.
Results-oriented. Quickly able to establish credibility and gain respect of the organization.
Highest level of personal integrity to inspire confidence, respect and trust.
Ability to multi-task in a fast-paced environment.
Ability to prioritize work and meet deadlines.
Comfortable interacting at all levels of the organization.
Passionate and committed to his or her own personal and professional development as well as that of his or her colleagues.
Creative and innovative approach to solving problems and resolving issues.
Starwood Retail provides equal opportunity to all employees and applicants for employment, without regard to race, color, religion, sex, age, national origin, disability, marital or veteran status, or sexual orientation.
Starwood Retail Partners ("SRP") is a retail real estate platform focused primarily on regional malls and lifestyle centers. SRP will acquire, redevelop, manage and reposition retail real estate assets in order to enhance property cash flow and create long-term value for its capital partners. Formed by Starwood Capital Group in 2012, the global private real estate investment firm, and its affiliates, SRP seeks to capitalize on opportunities in the ever-changing retail landscape through a unique combination of talent, experience and execution capabilities. SRP brings to each of its investments hands on experience in management, leasing and redevelopment. SRP’s goal is to acquire, manage, reposition and re-develop market dominant shopping centers into enduring one-stop shopping destinations of the future.