Senior Project Controller

Terra, the award winning, Miami-based real estate development company carefully chooses projects that have a positive impact on their surroundings and, by extension, on the people who live there. When planning a new development, Terra takes a dynamic role with the city and neighborhood to activate its potential as a community, maximizing the way in which people are able to live and work;
creating new and innovative ways for the urban & suburban landscape to evolve. The firm has cultivated a portfolio of more than five million square feet of residential and commercial real estate valued in excess of $8 billion and is active across all major real estate asset classes, including multifamily apartments, luxury condominium and single-family residences, retail and office space, hotels, and industrial properties. Terra has achieved international acclaim for its commitment to design excellence, resiliency measures, and sustainable development and has been continuously transforming South Florida into the prosperous metropolis we know today.

We are looking for a Sr. Project Controller to join the team!

The Sr. Project Controller is an important financial leader within Terra's Accounting department, responsible for overseeing the project team’s financial records, systems, and accounting personnel across a diverse portfolio of real estate development projects. This role partners closely with the VP of Accounting Operations, and other internal operational departments, to ensure the accuracy, integrity, and timeliness of financial reporting throughout each project's lifecycle – from construction draws and loan administration to project closeout and investor reporting. The Sr. Project Controller will manage and mentor a team of accountants, help drive process improvements across the department, and serve as a key point of coordination between Accounting, Investments, Development & Construction, Legal, and outside parties such as lenders, auditors, and tax preparers. This is an excellent opportunity for a detail-oriented accounting professional who thrives in a fast-paced, deadline-driven environment and is looking to grow into a senior leadership role within a well-established, award-winning real estate organization.

General Responsibilities

All Entities

• Manage preparation of files for tax preparers, answer questions asked by the tax preparers, and manage status list of tax returns
• Coordinate year-end journal entries and tax preparers’ year end entries by controllers/accountants then roll forward Yardi companies
• Coordinate final review of 1099 spreadsheets
• Manage new company entry in accounting software and delegate access
• Manage review of operating agreements to understand capital contribution requirements and to provide information to the tax preparers
• Manage projects financial audits
• Coordinate review cash requirements
• Coordinate real estate taxes spreadsheet
• Manage preparation of financial statements
• Coordinate review of tangible tax returns prepared
• Manage adding new users to Yardi as necessary
• Manage invoice approval process in YARDI
• Manage review of general ledger activity for respective projects

Construction

• Manage transmittal of funds to the contractor upon receiving lender approval and management approval
• Coordinate with PM on GC Pay App Recon
• Meet with Construction team to review PCO’s monthly

Loans

• Coordinate preparation of proof of equity
• Coordinate updates of expected loan draw schedule
• Coordinate review and approval of FINAL loan draw

Previous Projects Closeout

• Manage schedule of deposits remaining in escrow
• Manage reporting to investors, as necessary
• Coordinate research as necessary (i.E. association related questions, invoices, payments)

Bank Account(s) Operations

• Manage preparation and transmittal of requests to the bank to open new bank accounts at bank.
• Manage bank required schedules for wire transfers and online banking upon the opening of new accounts
• Manage the update of the master bank account spreadsheet upon the opening of new accounts
• Manage staff access to online banking and update access upon adding new accounts

Administration and Other Responsibilities

• Manage current Accounting staff and staffing needs [along with VP of Accounting Operations]
• Manage department processes to create efficiencies and improvements [along VP of Accounting Operations]
• Manage sending wire transfers and processing internal transfers for all bank accounts. Email confirmations to the appropriate accounting team members for entry into Yardi
• Manage transfers and wires for monthly administration and developer fees, update tracking spreadsheet, and provide all transfer support to the controllers/accountants for entering in Yardi
• Continued training of Accounting Staff

Required Qualifications

• Bachelor’s degree in accounting or 7- 10 years of related experience
• Proficiency in Generally Accepted Accounting Principles (GAAP)
• Fluency in Microsoft Office suite (Outlook, Excel, Word, PowerPoint, etc.)
• Strong written, verbal and collaboration skills
• Real Estate accounting experience (5+ years)
• Proven success managing a team (i.E., two or more accountants)

Preferred Qualifications

• CPA preferred
• YARDI experience
• Bilingual in English and Spanish

As a team member at Terra, you’ll enjoy:

• Career advancement and bonus opportunities
• Comprehensive benefits package, including health, vision, dental insurance, and FSA (Flexible Spending Account)
• Employer-paid life and disability insurance
• Employer matching 401k
• Employee team building events
• Company paid monthly lunches
• Paid Time Off and paid Holidays