Developer Budget Specialist chez Associated Asset

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.