Controller – Property Accounting (Real Estate Development & Operations)

Industry:

Position Overview

Controller with strong property accounting expertise

The ideal candidate will have demonstrated experience as a Controller, a deep understanding of real estate accounting (US GAAP and/or tax-basis), and the ability to manage complex financial structures involving loan agreements, equity arrangements, and multiple legal entities. This is a senior role requiring attention to detail, timely execution, and the ability to ensure that all books and records align with legal and financial documentation.

Key Responsibilities

Financial Oversight:

• Manage the general ledgers and full accounting cycle for 20+ entities (operating, development, and land).
• Ensure timely and accurate monthly closes, reconciliations, and reporting.

Property Accounting:

• Oversee accounting for multifamily operations, including revenue reconciliations, fixed asset schedules, construction-in-progress reports, capitalized vs expense classifications, security deposit reconciliations, month end entries, escrow schedules, etc.
• Manage budgets vs. actuals and support investor and lender reporting.

Loan & Equity Compliance:

• Review, interpret, and track loan documents and equity agreements to ensure compliance.
• Ensure all debt covenants, interest accruals, draws, and equity contributions are accurately recorded.

Financial Controls:

• Implement and maintain strong internal controls to safeguard assets and ensure reporting integrity.
• Coordinate with owners and external stakeholders as needed.

Reporting & Analysis:

• Prepare financial statements (tax basis but close to GAAP) and internal management reports.
• Provide variance analysis and investor reporting support.

Team Collaboration:

• Work closely with senior leadership and Indian team to ensure accuracy and timeliness of deliverables.
• Support the integration of accounting with property management systems.

Qualifications

• Experience:

  Minimum 8–10 years of progressive accounting experience with at least 3–5 years as a Controller (preferably in real estate).

• Expertise:

  Strong background in property accounting, including multifamily operations, real estate development, and land assets.

Technical Knowledge:

• Proficiency in US GAAP and/or tax-basis accounting.
• Strong understanding of real estate financing (loans, draws, equity agreements, escrows, etc.).
• Systems: Experience with property management/accounting software (QuickBooks Online or equivalent).

Skills:

• Strong analytical and problem-solving abilities.
• Excellent organizational skills and attention to detail.
• Ability to manage multiple entities and meet strict deadlines.

Education:

Location:

Compensation & Benefits

• Competitive salary based on experience.
• Opportunity to work with a US-based real estate developer and operator.
• Career growth in a dynamic, expanding business.