Financial Controller

Job Description

Job Description

Position Summary:

The Financial Controller is responsible for overseeing the organization’s day-to-day accounting operations, financial reporting, and compliance across the development pipeline and property management portfolio. This role ensures accurate and timely financial statements, job cost and project reporting, cash management, lender and regulatory compliance (including LIHTC, HUD, and similar programs, as applicable), and the maintenance of robust internal controls. The Controller is a hands-on leader who manages the accounting function, partners closely with Development, Construction, Property Management teams, and Advisory companies to support operational performance. Reports to the CEO. Supervises Accounting Team Members, AP/AR and Site-Level Accounting Support.

 

Key Responsibilities :

• Lead monthly/quarterly/year -end close processes; ensure accurate, GAAP-compliant financial statements and supporting schedules.
• Prepare consolidated and entity-level reporting for ownership entities, partnerships, and special purpose entities, as applicable.
• Oversee accounts payable, accounts receivable, and general ledger functions; ensure timely processing and reconciliations.
• Oversee treasury management functions with all lending institutions.
• Manage cash flow forecasting, banking relationships, and cash controls, including operating accounts, reserve accounts, and restricted cash.
• Review annual budgets and monthly reforecasts for operating companies with division leaders.
• Perform special projects assigned by CEO.
• Develop and maintain key financial dashboards and variance analyses to support

 

Decision Making Responsibilities :

• Update quarterly REO schedules and the CEO’s personal financial statements.
• Submit timely 1099s and tax returns.
• Oversee timely audit review and completion of all property and corporate entities. Development Accounting & Project Controls
• Oversee job cost accounting, including setup of new projects, cost coding, commitments, and draw tracking.
• Coordinate with Development and Construction teams on the timely funding of fees.
• Track revenue sources, including predevelopment loans, developer fees, management fees, advisory fees, and construction fees.
• Manage the funding and payment of project pursuit expenses during the project due diligence period through financial closing.

 

Property Management and Operational Accounting Responsibilities :

• Oversee property-level accounting processes, including monthly closes, bank reconciliations, tenant receivables, and revenue recognition.
• Partner with Property Management on delinquency monitoring, write-offs, and cash application controls.
• Review and support property operating budgets, reserve planning, and variance analyses (including utilities, maintenance, and contract services).
• Ensure proper accounting protocols for security deposits, tenant assistance payments, and restricted operating reserve accounts.
• Oversee weekly portfolio financial reporting meeting with the senior property management team.

 

Compliance and Audit Reporting Responsibilities :

• Ensure compliance with affordable housing program requirements impacting financial reporting (e.g., LIHTC, HUD, HOME, CDBG, state/local programs, as applicable).
• Perform periodic site visits to ensure property managers are following proper financial management procedures.
• Oversee internal and external reporting calendars and ensure accurate, on-time submissions. Internal Controls, Policies, and Systems
• Implement and maintain internal controls, approval matrices, and segregation-of-duties standards.
• Maintain and improve accounting policies, procedures, and close checklists to support consistency and scalability.
• Administer and optimize financial systems to ensure data integrity and user support.
• Conduct process improvements across AP/AR expense management and reporting workflows.
• Assist with annual portfolio property liability and corporate general liability re-insurance analysis.
• Support risk management activities including insurance accounting coordination and fraud prevention controls.

 

People Leadership and Cross-Functional Partnership :

• Hire, train, and develop accounting staff; set performance expectations and provide ongoing feedback.
• Collaborate with Development and Property Management to align accounting practices with operations.
• Serve as a key point of contact for external partners, including lenders, investors, auditors, and third-party managers.

 

Required Education and Experience Qualifications:

• Bachelor’s degree in accounting, Finance, or related field.
• Licensed CPA.
• 10+ years of progressive accounting/finance experience, including month-end close ownership and financial statement preparation.

 

Important Information:

Relocation Assistance IS NOT Offered from Employer. Visa Candidates are not being considered for this role.

Company Description

Our Client is committed to providing diversified housing solutions that are positively transforming communities and strengthening local economies. Employer will design, develop, manage and advise on diverse multifamily developments. Employer’s portfolio spans affordable mixed-income housing, independent senior living, higher education student lodging, and mixed-use developments. From inception to execution, Employer will deliver innovative solutions tailored to exceed expectations, navigating complex financing and partnerships with precision to ensure client success.

Company Description

Our Client is committed to providing diversified housing solutions that are positively transforming communities and strengthening local economies. Employer will design, develop, manage and advise on diverse multifamily developments. Employer’s portfolio spans affordable mixed-income housing, independent senior living, higher education student lodging, and mixed-use developments. From inception to execution, Employer will deliver innovative solutions tailored to exceed expectations, navigating complex financing and partnerships with precision to ensure client success.