Position Summary:
Detail-oriented and strategic financial professional who supports the budgeting, forecasting, and financial planning needs of new developer/builder communities. This role involves close collaboration with developers, builders, and internal teams to ensure accurate financial modeling and long-term funding strategies for HOAs, master associations, and condominium associations.
Position Responsibilities:
- Prepare initial operating budgets for complex HOAs, master associations, and condominium associations utilizing improvement plans, plats, recorded documents and governing documents.
- Solicit vendor bids (e.g., landscaping, insurance, gates, pool) to support budget assumptions.
- Evaluate vendor contracts and service agreements for cost efficiency.
- Compose detailed budget narratives and vendor bid summaries for client review.
- Review close of escrow instructions as provided to title company.
- Develop multi-year cash flow projections and developer subsidy schedules.
- Build, improve, and maintain financial models to forecast income, expenses, and reserve contributions.
- Assist in reserve fund planning and long-term funding strategy development.
- Assist in forecasting and long-term capital planning for new developments.
- Support feasibility studies for land acquisition and site development.
- Attend regular meetings with developer and builder clients to discuss financial strategy.
- Provide monthly/quarterly financial updates and budget performance reports.
- Demonstrate a clear understanding of subsidy true-up processes and be able to explain.
- Supervise all Developer Services Budget Analyst team members in budget preparation, management of processes, and growth in team dynamics.
- Oversee, train, mentor and collaborate with Developer Services Budget Analysts to ensure consistency and accuracy in budget processes and financial deliverables.
- Actively monitor workflows to ensure tasks are completed in a timely manner and in accordance with approved procedures, reinforcing process integrity, accountability, and client confidence.
- Continually augment existing budgeting processes and oversee related training modules for all budget analysts. Enhance written budgeting standard operating procedures (SOPs).
- Manage the annual budget cycle for developer-controlled communities, including preparation, template updates, workflow and task implementation.
- Cultivate and maintain strong relationships with developer and builder clients.
- Proactively engage with clients to understand their goals, address concerns, and support their long-term financial success.
Knowledge, Skills and Abilities:
- Critical thinker with a strong attention to detail.
- Understanding of accounting principles and processes.
- Excellent organizational and time management skills, ability to manage multiple priorities.
- Excellent client service and communication skills, both oral and written.
- Ability to work effectively and efficiently with minimum level of supervision.
- Computer proficiency, including Excel at an advanced level.
- Able to function and contribute to a team-oriented atmosphere.
- Comfortable with public speaking and delivering presentations.
- Proficiency in budgeting and/or accounting.
Physical Demands & Work Environment:
- Utilizing a computer in an office setting.
- Capable of working extended hours including evenings and/or weekends as necessary.
- Travel may be required to meet with developer clients in person to review annual budget forecast models.
