TA Digital - Controller

TA Realty•Boston, MA

About The Position

The Controller will report directly to the Chief Development Officer, and will lead the structuring, execution, and oversight of the group’s corporate, development, and operating accounting functions. This role is responsible for ensuring robust cost control, maintaining accurate financial reporting, and providing financial insights to support the overall development process. The Controller will work closely with TA’s Investor Accounting group, and will also collaborate with other groups including Design & Construction, Development, Valuations, Portfolio Management, Acquisitions, and Dispositions.

Requirements

BS in Accounting
8+ years accounting experience
Experience with Yardi, MRI, or similar property management/accounting software
Real Estate/Development Accounting experience
Advanced Excel skills
Excellent communication, organization, analytical and attention to detail skills
Strong work ethic with a desire to learn
Ability to handle multiple tasks and adapt to changing needs within the office

Responsibilities

Ongoing setup and maintenance of Yardi Job Cost for all data center developments
Review, categorization, and allocation of monthly costs
Development cost reforecasting (regular, recurring basis and also ad hoc for scenario analysis)
Calculation of development management fees, developer promote/incentive fees, and leasing fees
Assist with detailed budget-to-actual variance explanations/commentary
Review of contracts (for allocation, payment terms, etc)
Ensure smooth transition into “operating” accounting, upon completion of the assets’ development phase
Coordinate with Fund Accounting to ensure alignment, support investor requests, and maintain consistency in development projections
Issuance of monthly reporting packages, detailing such information as financial statements, balance sheet reconciliations, etc
Establishing operating budgets
Coordination with tenants on starting base rent, recoveries, true-ups, etc.
Tracking actual-vs-budget; maintaining detailed understanding of variances for investor reporting
Calculation of property management fees and facilities management fees
CAM reconciliations
Coordination with third party property managers
Overseeing monthly corporate close for TA Digital Group
Creation of corporate budgets and reforecasts
Assisting with annual audits
Corporate tax planning
Maintenance of efficient and effective AP/AR systems and processes
Working closely with staff to ensure acquisition of relevant skills
Conducting annual and mid-year reviews to foster upward career trajectory
Assist with the candidate sourcing/hiring process for any new placements