REAL ESTATE DEVELOPMENT CONTROLLER
TRU Development Co. | Las Vegas, Nevada
Position Summary
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.
Key Responsibilities
Corporate Accounting & Administration
- 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.
Development & Construction Financials
- 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.
Lender Draws
- 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.
Financial Analysis & Development Support
- 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.
Equity & Joint Venture Reporting
- 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.
Qualifications
- 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.
- Experience working with equity partners and/or joint ventures preferred.
- Experience with Yardi, Yardi Breeze Premier, or Rabbet is a plus.
- Strong Excel and analytical skills.
- Excellent communication, organizational, and problem-solving skills.
- High level of integrity, accountability, and attention to detail.
- CPA designation or eligibility preferred.
Reports To: CEO
Location: Las Vegas, Nevada
Position: Full-Time
