Real Estate Controller

TRU Development Co•Summerlin South, NV

39d•$90,000 - $110,000•Onsite

About The Position

TRU Development Co. is seeking a Real Estate Development Controller to lead the Company’s corporate accounting function and provide financial oversight across its real estate development portfolio.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field.
7+ years of progressive accounting experience, preferably in real estate development, construction, or real estate investment.
Strong understanding of GAAP and real estate development accounting.
Experience with construction financials, project accounting, budgeting, forecasting, and cost control.
Experience managing construction lender draws and lender reporting.
Experience overseeing payroll, multi-entity accounting, and state or regulatory reporting requirements.
Strong Excel and analytical skills.
Excellent communication, organizational, and problem-solving skills.
High level of integrity, accountability, and attention to detail.

Nice To Haves

Experience working with equity partners and/or joint ventures preferred.
Experience with Yardi, Yardi Breeze Premier, or Rabbet is a plus.
CPA designation or eligibility preferred.

Responsibilities

Own accounting and financial reporting for TRU Development Co. and its related entities.
Oversee monthly close, general ledger, accounts payable, cash management, intercompany activity, and financial statements.
Oversee payroll administration and related reporting requirements.
Ensure timely completion of applicable state and other regulatory reporting requirements.
Maintain appropriate accounting structures, policies, procedures, and internal controls.
Coordinate with external accountants, auditors, tax advisors, and other professional service providers.
Collaborate with leadership and outside advisors on the administration and renewal of the Company’s insurance policies and risk management programs.
Own project-level accounting and financial reporting for TRU’s development and construction activities.
Maintain project budgets and forecasts in collaboration with development and construction teams.
Track actual, committed, and projected costs against approved budgets.
Review construction invoices, payment applications, change orders, retainage, and other significant expenditures.
Identify and communicate budget variances, cost pressures, and project financial risks.
Partner with equity partners to provide accurate and transparent project financial reporting.
Own the lender draw process from preparation through submission, funding, and reconciliation.
Coordinate with construction teams, lenders, equity partners, and third-party consultants to ensure complete and accurate draw packages.
Monitor project funding, equity contributions, lender advances, retainage, and available capital.
Ensure draws comply with lender requirements and approved project budgets.
Monitor cash flow and funding requirements.
Provide budget-to-actual analysis and financial reporting to executive leadership.
Support development teams with financial analysis and information required for project decisions and underwriting.
Identify changes in costs, timing, or assumptions that may impact project economics.
Assist with financial analysis related to acquisitions, refinancing, dispositions, and other significant transactions.
Serve as a key financial contact for equity and joint-venture partners.
Maintain accurate records of capital contributions, distributions, ownership interests, and partner accounts.
Prepare and oversee financial reporting required under partnership and joint-venture agreements.