Controller, Real Estate Development

Responsibilities

• Lead and manage full-cycle project and property accounting processes for active and pipeline development projects, ensuring seamless integration with Flow’s corporate month-end close.
• Monitor and analyze project spend, maintaining project cost ledgers and tracking budget-to-actual variances throughout all phases of development, including pre-development, construction, and lease-up.
• Develop and maintain key relationships with internal development, acquisitions, construction, and property management teams, as well as with external general contractors, lenders, and investors.
• Manage and support annual audit processes and project-specific audits with third-party auditors, including preparation and reconciliation of supporting schedules.
• Oversee tax preparation and compliance for all real estate development entities; coordinate with third-party tax advisors for project- and entity-level filings.
• Build and maintain robust project-level cash flow and accounting models to support development feasibility analyses, construction cash management, and capital calls.
• Assist in the preparation and review of project and corporate budgets, proformas, reforecasts, and variance analyses.
• Manage payment of construction loans, including compliance with loan covenants, reporting requirements, and interest reserve tracking.
• Oversee development project cost allocation, including land, hard, and soft costs, as well as capitalization policies in accordance with GAAP; manage accurate allocation for mixed-use or multi-phase developments.

Ideal Background

• Bachelor’s degree in Accounting, Finance, or related field; CPA or progress toward CPA designation a plus.
• 7+ years of progressive accounting experience, with at least 3+ years in real estate development or construction project accounting.
• Advanced proficiency in Excel and project-based accounting systems; experience with Yardi, Procore, MRI, or similar real estate and construction ERP systems strongly preferred.
• Strong communication and presentation skills, able to translate financial concepts for diverse audiences.
• In-depth knowledge of GAAP as applied to development, construction, and capitalization policies.
• Solid understanding of real estate development terms, construction project cycles, cost-tracking methodologies, and lender reporting requirements.
• Proven ability to multitask, prioritize, and thrive in a fast-paced, deadline-driven development environment.

We take care of our people so they can do their best work. 

• Health and WellnessComprehensive medical, dental, vision, disability, and life insurance and parental leave benefits. On-staff doctor, free therapy through SpringHealth, acupuncture, an Employee Assistance Program, and other wellness offerings.
• Time OffPTO and paid holidays.
• Financial401(k) retirement plan, healthcare and dependent care FSAs, HSA-compatible plan options with annual employer HSA funding and pre-tax commuter benefits.
• Life at FlowWeekly catered lunches, wellness classes and employee discounts on Flow hotel stays, grocer products, and merch.