Stephanie Renshaw
Norfolk,VA
Summary
Detail-oriented accounting professional eager to apply comprehensive knowledge and experience of development, construction, portfolio, & real estate accounting. Strong financial analytical skills with outstanding communication, collaboration, and management abilities. Bringing over 10 years of hands-on experience in the accounting field and 8 years specifically in construction, development, & real estate accounting.
Overview
11
11
years of professional experience
Work History
CONTROLLER
CHESAPEAKE HOMES, INC.
01.2023 - Current
- In addition to responsibilities listed under "Assistant Controller" listed below, I began overseeing the contract administrator department for the real estate entities, overseeing 1 Jr, Contract Admin and 1 Sr. Contract Admin
- Created & implemented ACH payments to Subcontractors to bring the company current
- Improved monthly close deadline by 5 days to provide most recent & relevant information to owners & executives for decision making & strategic planning
- Rolled out professional development plan to not only my departments but also provided and trained other management on rolling out to their departments for increased intercompany synergy
- Collaborate with other department heads to develop integrated solutions for complex business challenges related to finance operations
- Implemented cost-saving measures, identifying inefficiencies and reallocating resources to achieve optimal results
- Reviewed & put controls in place to safeguard against financial misstatement and fraud, enhancing reliability of financial reporting
- Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.
ASSISTANT CONTROLLER
CHESAPEAKE HOMES, INC.
08.2022 - 01.2023
- Responsible for all accounting, finance, reporting, administration, payroll, job cost, GL, and AP/AR processes for VA, NC, & SC divisions which includes 45 active homebuilding communities and 3 real estate entities responsible for over 500 closings annually
- Oversee entire accounting department including 2 Contract Closing Coordinators, 2 AP Specialists, 1 Jr. Staff Accountant, 2 Sr, Staff Accountants, & 1 Manager
- Manage all encompassing activities included in month end, quarter end, and year end process
- Responsible for all financial reporting and preparation of all schedules & analyses to present to the CFO & President for delivery to owners
- Carry out all tasks for monthly WIP schedules including adjustments, project closeout, profitability reviews and projections
- Treasury management including cash projections, wires, transfers, intercompany loan monitoring, approving all checks, along with preparation & maintenance of annual budget & projections
- Administrate all license, insurance, & entity set up, renewals, compliance requirements, audits, annual filings, contracts, & claims
- Handle all aspects of acquisitions & dispositions of land/properties including accounting and representing the company to partners & external personal for preparation
- Work closely with bank & legal team in preparing loan documents, draws, LOC borrowing requests, meeting debt covenants, etc
- Maintenance of vendors, ERP System and COI's & contracts compliance
- Facilitate interdepartmental collaboration to meet needs of operations, ensure we are meeting executive expectations & to execute team career development plans.
CONSTRUCTION & DEVELOPMENT ACCOUNTING MANAGER
Armada Hoffler PROPERTIES
03.2021 - 08.2022
- In addition to the “Development Accounting Manager” responsibilities shown in job title below, I also acquired overseeing a team of 11 employees, 3 corporate accountants and 6 project accountants (mix of seniors & staff), and 2 outsourced accountants (India Desk)
- Manage all aspects of the construction and development accounting processes
- Work with project management team to ensure accuracy of reporting by means of profitability reviews, job billing analytics, WIP review and projections, preparing and approving projections through life of the projects, and constantly working on process improvements
- Work with team on career development plans, which includes helping them refine their professional etiquette, define their personal strengths, and grow to their fullest potential.
DEVELOPMENT ACCOUNTING MANAGER
Armada Hoffler PROPERTIES
09.2019 - 03.2021
- Direct and oversee all monthly, quarterly, & annual closing processes, including general ledger and job cost journal entries, processing of all payables, and financial reporting duties
- Manage internal staff/senior employees, outsourced (India Desk) employees, and third-party property managers
- Work with development managers to prepare, update, and maintain project proformas along with providing budget tracking and projections throughout project
- Process monthly construction loan draws, collaborate with bank loan officers, inspectors, and project managers in order to provide necessary documents, projections, and resolve any issues that arise
- Treasury responsibilities including wire transfers, processing payments through third party systems, approving checks, providing cash projections, and preparing bank reconciliations
- Fund monthly draws, collect and review financials, and oversee JV equity structured deals (mezzanine loans) by means of collaboration with partners, along with preparing quarterly loan impairment analyses for risk assessment & monthly interest statements
- Process fixed assets by means of transitioning completed development projects into operations with extensive knowledge base of capitalization, depreciation/amortization, and relating GAAP requirements
- Identified and implemented process improvements of key processes for internal controls and accounting procedures.
SENIOR DEVELOPMENT ACCOUNTANT
Armada Hoffler PROPERTIES
10.2017 - 09.2019
- Preparation of monthly, quarterly, and annual closing processes, including general ledger journal entries, budget tracking and projections, and proforma assistance for development managers
- Process construction loan draws with bank and maintain mezzanine loans with partners
- Maintain all ongoing development projects by means of processing payables, providing financial reporting and necessary reconciliations, along with handling internal and external inquires
- Collaborate with other departments to ensure deliverables are accurate and line up with executive expectations and to identify where adjustments are needed by means of assessment of project status, budget vs actuals, and forward-looking projections.
- Oversee 2 Staff Accountants.
PROJECT ACCOUNTANT
Armada Hoffler PROPERTIES
10.2016 - 10.2017
- Process all construction payables, GC owner billings, and subcontractor payment applications
- Review of job costs, prepare any relating JC journal entries for adjustments, and provide job cost reports and cash position to project managers
- Maintain subcontracts, change orders, certificates of insurance, stored materials tracking, vendor set up, and review all subcontractor payment applications for accuracy, along with communicating with vendors and/or subcontractors for any necessary changes.
CASH RECEIPTS & DIRECT BILLINGS – STAFF ACCOUNTANT
USI INSURANCE SERVICES
03.2014 - 08.2016
- Held both Cash Receipts and Direct Billing Commissions positions
- Data compilation, analyzation of estimated vs actual invoices, financial statements, and creation of spreadsheets for account managers in preparation for discussion to clients/management
- Prepare, maintain, and reconcile corporate and sub client accounts, suspense reconciliation reports and adjust for any discrepancies
- Process producer/agent commission receivables and payables between carriers
- Review variances and correct errors in commission billings from field account manager.
CASH RECEIPTS & DIRECT BILLINGS – STAFF ACCOUNTANT
USI INSURANCE SERVICES
03.2014 - 08.2016
- Held cash receipts and direct billing commissions positions
- Data compilation, analyzation of estimated vs actual invoices, financial statements, and creation of spreadsheets for account managers in preparation for discussion to clients/management
- Prepare, maintain, and reconcile corporate and sub client accounts, suspense reconciliation reports and adjust for any discrepancies
- Process producer/agent commission receivables and payables between carriers
- Review variances and correct errors in commission billings from field account manager.
SENIOR DEVELOPMENT ACCOUNTANT
Armada Hoffler PROPERTIES
10.2017 - 09.2019
- Preparation of monthly, quarterly, and annual closing processes, including general ledger journal entries, budget tracking and projections, and proforma assistance for development managers
- Process construction loan draws with bank and maintain mezzanine loans with partners
- Maintain all ongoing development projects by means of processing payables, providing financial reporting and necessary reconciliations, along with handling internal and external inquires
- Collaborate with other departments to ensure deliverables are accurate and line up with executive expectations and to identify where adjustments are needed by means of assessment of project status, budget vs
- Actuals, and forward-looking projections.
Education
Bachelors of Science in Psychology & Business - Accounting
Virginia Wesleyan College
05.2013
Skills
- Proficient in MS Office (Word, Excel, PowerPoint, Access, Outlook) and SmartSheets
- Proficient in Yardi Voyager, Viewpoint – Vista Software, and Mark Systems Builder (ECIMS)
- Problem Solving/Strategizing
- Risk Management
- Experience with Intuit QuickBooks, Sage 300, Sagitta, EPIC & TAM Programs, Adaptive Workspace, Office Connect, & Spreadsheet Server
- Strong Leadership, Management, & Communication Skills
- CPA Candidate
References
Available upon request
Timeline
CONTROLLER
CHESAPEAKE HOMES, INC.
01.2023 - Current
ASSISTANT CONTROLLER
CHESAPEAKE HOMES, INC.
08.2022 - 01.2023
CONSTRUCTION & DEVELOPMENT ACCOUNTING MANAGER
Armada Hoffler PROPERTIES
03.2021 - 08.2022
DEVELOPMENT ACCOUNTING MANAGER
Armada Hoffler PROPERTIES
09.2019 - 03.2021
SENIOR DEVELOPMENT ACCOUNTANT
Armada Hoffler PROPERTIES
10.2017 - 09.2019
SENIOR DEVELOPMENT ACCOUNTANT
Armada Hoffler PROPERTIES
10.2017 - 09.2019
PROJECT ACCOUNTANT
Armada Hoffler PROPERTIES
10.2016 - 10.2017
CASH RECEIPTS & DIRECT BILLINGS – STAFF ACCOUNTANT
USI INSURANCE SERVICES
03.2014 - 08.2016
CASH RECEIPTS & DIRECT BILLINGS – STAFF ACCOUNTANT
USI INSURANCE SERVICES
03.2014 - 08.2016
Bachelors of Science in Psychology & Business - Accounting
Virginia Wesleyan College
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