Controller, Real Estate Development

Flow•Bay Harbor Islands, FL

5d•Onsite

About The Position

The Controller, Real Estate Development role is responsible for overseeing and managing the financial operations of Flow’s real estate development projects. This role ensures accurate and timely financial reporting, comprehensive project budgeting, cost analysis, and compliance across Flow’s development portfolio. The Controller will serve as a strategic partner to the development, construction, and executive teams, driving financial accountability throughout the development lifecycle—from land acquisition and entitlements through stabilization or asset disposition. This role is based full time at Flow's Miami HQ in the Bay Harbor Islands.

Requirements

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.

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.