Product Development Director jobs in Vermont

FIRM PROFILE

M&S Development has closed over $120MM in tax credit deals utilizing creative, multi-source financing packages. As experienced development consultants and equity partners, we know the challenges of developing projects in rural towns, and understand the strategies needed to make investments successful for all involved.

M&S leverages vertically integrated, in-house services to minimize transaction costs and shepherd clients through the complex deal structuring process that is inherent in federal tax credit programs like the NMTC, HTC, and LIHTC. Along with our affiliated design firm, Stevens & Associates, P.C., which offers architecture, structural, civil, and landscape architecture capabilities, M&S delivers a full suite of development services.

From feasibility proformas through the design process, fundraising to financial close, construction management to project closeout, and asset management to optimal property performance, M&S provides continuity of personnel and project management through the entire project lifecycle to reduce risk and maximize outcomes.

JOB SUMMARY

This is a full-time hybrid role for a Controller / Director of Asset Management at M&S Development LLC. The Controller / Director of Asset Management will be responsible for overseeing day-to-day financial operations, including business control and management control for both the development company and our portfolio of development and operating companies. They will also utilize their analytical skills to monitor financial performance, conduct financial analyses, manage budgets, and ensure compliance with financial regulations. While the role is located in Brattleboro, VT, there is flexibility for some remote work.

ESSENTIAL FUNCTIONS

Corporate finance/Controller responsibilities

· Overall responsibility for accounting functions and systems. Ensure sound financial controls are established and maintained

· Manage month-end closing process and ensure all balance sheet accounts are reconciled in a timely manner

· Prepare and analyze monthly financial statements and reports. Review with owners/management team

· Prepare annual budget and obtain approval from management team. Prepare and monthly budget to actual reports with analyses by business line (Development and Property Management). Review with management team

· Prepare monthly cash position and forecast. Review with owners/management team

· Coordinate with project managers to prepare and send monthly invoices

· Oversee accounts receivable and accounts payable functions

· Review and approve biweekly payroll. Work with payroll servicer/401k administrator to ensure accurate quarterly and annual tax reports

· Work with benefits administrator to ensure appropriate benefit packages are offered and accounted for

· Coordinate with insurance agent to ensure proper insurance coverage annually

· Coordinate with tax accountant on annual tax returns. Work with bookkeeper to prepare 1099s reports

· Supervise Office Manager/Bookkeeper

Asset and property Management responsibilities

· Understand multiple projects’ structure, entities, and related finances

· P&L responsibility for several complex real estate companies

· Approval of projects’ annual operating and capital needs budgets

· Review and approval of large project expenses and vendor contracts

· Manage project accountants in financial administration of projects including tax return prep, 1099 reporting, investor distributions, and investor communications

· Ensure timely completion of all compliance activities across a range of state and federal funding sources

· Lead deal unwind activities including legal restructuring and debt refinance

· Supervise Manager of Property Management, Manager of Building Operations and Project Accountant

REQUIREMENTS / SKILLS

· BA/BS in business, finance, law, real estate, or related area of study

· 10 years experience in business management, real estate, or related field

· Advanced degree in business, finance, or similar a plus

· Certified Public Accountant a plus

· Personal passion for and commitment to the enduring vitality of historic New England buildings and communities

· Action and results oriented; driven to ensure project success on client’s behalf

· Deep curiosity and creativity, and a drive to solve problems, improve and simplify designs, systems, and processes

· Ability to adapt to quickly changing environments and serve in many roles as part of a nimble and innovative team

· Excellent written and verbal communication skills, responsive and timely communicator with clients, stakeholders, and team members

· Ability to multi‐task, prioritize and maintain a high level of organization in a dynamic environment

· Professional demeanor and conduct, exercises good judgment and represents the firm with integrity

If you are looking for long-term career growth, professional responsibility, and meaningful

employment within an energetic, and diverse organization that values its people tremendously, we hope you will consider joining our team.