Controller I Real Estate

Position Overview

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.

Accounting Operations & Financial Close

• 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.

Construction & Project Accounting

• 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.

Lender, Investor & External Reporting

• 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.

Treasury & Internal Controls

• 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.

Cross-Functional Leadership

• 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.

Qualifications

• Bachelor's 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.