Controller, Real Estate Development

Controller, Real Estate Development

Flow aims to create a superior living environment that enhances the lives of our residents and communities by developing, acquiring, owning, and managing multifamily apartment buildings and the services and technology inside those buildings. Fulfilling our mission will require an exceptional group of people whose collective output is greater than the sum of its individual parts. Our team members are energized by the opportunity to impact our residents' lives in meaningful ways. They are bold and creatively ambitious, driven by relentlessly high standards, act with a sense of urgency and accountability, and always, above all, operate with integrity, loyalty, and trust.

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 lifecyclefrom land acquisition and entitlements through stabilization or asset disposition.

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.

Ideal Background

Comprehensive benefits package (Medical / Dental / Vision / Disability / Life)

Paid time off and 13 paid holidays

401(k) retirement plan

Healthcare and Dependent Care Flexible Spending Accounts (FSAs)

Access to HSA-compatible plans

Pre-tax commuter benefits

Employee Assistance Program (EAP), free therapy through SpringHealth, acupuncture, and other wellness offerings

Flow is proud to be an equal opportunity workplace and hires regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity and / or expression, pregnancy, Veteran status any other characteristic protected by federal, state or local law. In addition, we provide reasonable accommodation for qualified individuals with disabilities.