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Manages the LAR process, makes site visits and performs financial forecast reviews and analyses, specifically monitoring land.
Job Responsibility:
Manages the LAR process
Makes site visits
Performs financial forecast reviews and analyses
Monitors land
Tracks and reviews Land Acquisition Requests (LAR) by maintaining log which tracks status of both LARs, Pre-LARs, Land Sales and LAR Revisions
Reviews submissions for accuracy and completeness
Prepares questions for Division follow-up and ensures all are answered prior to LAR approval
Provides early “heads up” for potentially difficult submissions
Continually improves quality and efficiency of the LAR process
Performs site visits with Division personnel to evaluate potential acquisitions
Ensures at least one voting member of the LAR Committee has seen each site being evaluated prior to an approval decision
Provides assistance to Divisions in their underwriting and submission processes
Partners with Corporate Legal to ensure all contractual agreements and amendments are reviewed in accordance with policy
Ensures other members of the LAR Committee are informed in a timely manner to the extent required to make decisions within the standard timeframes for approval and when necessary informed to the extent required to make expedited decisions
Reviews and analyzes each financial forecast for accuracy and reasonableness with a particular focus on LAR Submissions relative to Forecast
Monitors land and land development spending forecasts
Identifies opportunities to defer spending along with identifying the costs and risks of doing so
Identifies decision points on land development commitments
Maintains monthly memo on status of significant acquisition and development
Reviews land pipeline in connection with budget/forecast process
Assists with Strategic Planning
Maintains and continually improves communication on the status and viability of LARs as they go through the process
Requirements:
Bachelors degree in finance or accounting preferred
Experience working in homebuilding industry at the division level preferred
Ability to identify key issues which affect the business