Development ControllerChelsea Investment Corporation | San Diego, CA$190,000-$220,000 Base Salary + 20-30% BonusChelsea Investment Corporation (CIC) is seeking a Development Controller to help lead the accounting function for one of California's most established affordable housing developers. Reporting directly to the CFO, this role oversees accounting operations, financial reporting, treasury, payroll oversight, and systems administration across a 350+ entity organization spanning affordable housing development, asset management, and construction.
This is a rare succession opportunity. Our current Controller is planning to retire in 2027, creating the opportunity for meaningful overlap and knowledge transfer before assuming full responsibility for the role.
What You'll Be Responsible For- Leading all accounting operations and financial reporting across a 350+ entity structure
- Maintaining the integrity of the general ledger and financial reporting systems
- Budgeting, forecasting, cash management, and treasury oversight
- Entity administration, banking relationships, and intercompany transactions
- Serving as the primary administrator of Sage 300 CRE
- Overseeing payroll review, forecasting, and multi-entity allocations
- Leading and developing a seasoned accounting team
- Partnering closely with the CFO on process improvements, systems optimization, and organizational growth initiatives
- Helping support new entities and evolving business structures as the organization continues to grow
What We're Looking ForThe strongest candidates will bring:
- 10+ years of progressive accounting leadership experience
- Experience leading accounting teams and developing staff
- Significant multi-entity accounting experience (100+ entities preferred)
- Real estate development, construction, affordable housing, or similarly complex environments
- Strong understanding of GAAP and financial reporting
- Exceptional communication skills and leadership presence
Highly Preferred- Sage 300 CRE experience
- CPA designation
- Affordable housing or LIHTC experience
- Development accounting, construction draws, or tax credit finance exposure
The Right PersonWe're looking for more than technical expertise.
Our CFO is seeking a leader who can build team confidence, communicate clearly, challenge assumptions thoughtfully, and help drive continuous improvement across the organization.
You'll be successful here if you're comfortable navigating complexity, enjoy mentoring others, and can balance strategic thinking with a willingness to stay connected to the operational details.
LocationThis position is based in San Diego, California. On-site presence is strongly preferred.
Compensation & Benefits- Base salary: $190,000-$220,000
- Annual bonus eligibility: 20-30%
- Comprehensive benefits package
- Long-term growth opportunity within a stable and growing organization
- Direct partnership with executive leadership
- Structured transition and onboarding with the retiring Controller
If you've built your career in complex accounting environments and are looking for an opportunity where your leadership can make a meaningful impact, we'd welcome the conversation.
