Controller I Real Estate
Job Summary
We are seeking a hands-on Controller to lead accounting financial operations and project accounting across a growing real estate development portfolio. This individual will oversee the full accounting cycle for multiple entities and development projects.
Own the monthly quarterly and annual close processes across all operating project and management entities.
Maintain the general ledger chart of accounts and entity structure as new projects and special purpose entities (SPEs) are established.
Manage intercompany transactions allocations eliminations and consolidated reporting.
Oversee accounts payable accounts receivable payroll and general accounting functions.
Reconcile all bank accounts loan accounts escrow accounts and reserves.
Ensure compliance with GAAP and company accounting policies.
Maintain detailed job cost ledgers and work-in-progress schedules by project and cost code.
Prepare budget-to-actual analyses and monitor change orders contingencies and cost-to-complete estimates.
Prepare and submit monthly construction loan draws including AIA G702/G703 schedules lien waivers invoices and supporting documentation.
Coordinate draw processes with lenders inspectors title companies contractors and project teams.
Track capitalized costs capitalized interest and development fees in accordance with company policy and GAAP.
Prepare lender reporting packages and monitor compliance with loan covenants.
Maintain investor capital accounts and support distribution calculations and waterfall reporting.
Assist with quarterly and annual investor reporting in partnership with senior leadership.
Manage annual audits reviews and financial statement preparation.
Serve as the primary liaison with external auditors tax advisors and accounting firms.
Coordinate tax filings K-1 preparation and related deliverables.
Manage cash positioning across multiple entities and projects.
Develop and maintain rolling cash flow forecasts for both corporate and project-level operations.
Oversee banking relationships account administration and payment controls.
Establish and strengthen internal controls approval workflows and accounting procedures.
Identify opportunities to improve efficiency automate processes and enhance reporting capabilities as the portfolio grows.
Partner closely with the Head of Finance on project underwriting budgeting capital raises and financing initiatives.
Collaborate with development construction and project management teams to ensure accurate project cost tracking and reporting.
Provide financial insights and operational support to leadership on strategic initiatives.
Bachelors degree in Accounting Finance or related field.
CPA preferred.
7 years of progressive accounting experience with exposure to real estate development construction or real estate investment platforms.
Strong understanding of project accounting job costing construction loan draws and multi-entity accounting.
Knowledge of GAAP and real estate accounting best practices.
Advanced Excel skills and experience with accounting/ERP systems.