About the Position
The Controller, Development will oversee the accounting, financial reporting, and treasury functions across its active high-rise purpose-build rental development projects. This role will be responsible for ensuring accurate project accounting, strong financial controls, and effective cash flow management throughout the development lifecycle.
Working closely with the development and construction teams, the Controller will play a key role in managing project financial performance, contractual obligations, and lender requirements, while providing leadership to the development accounting function.
Key Responsibilities
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Oversee the full accounting cycle for development entities, including accounts payable, accounts receivable, bank reconciliations, HST filings, construction draw reporting, and monthly financial statements
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Manage month-end and year-end close processes for development projects
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Prepare and review project-level financial statements, cost reports, and variance analysis
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Monitor project budgets, commitments, and cash flows to ensure alignment with pro formas and lender requirements
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Oversee construction draw processes, including lender reporting and supporting documentation
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Monitor cash inflows and outflows, including daily banking activity, and prepare cash flow forecasts for active projects
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Review and interpret development-related contracts, including construction agreements, consultant contracts, and joint venture agreements
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Oversee and manage letters of credit, including tracking, reporting, and coordination with lenders and municipalities
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Work closely with development and construction teams to track project costs, identify variances, and provide financial insights
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Ensure proper accounting treatment of development costs, including capitalized interest and project-related expenditures
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Coordinate with external auditors to support year-end reporting, including preparation and review of reporting packages and required financial information
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Establish and maintain internal controls, policies, and procedures to ensure accuracy and minimize risk across projects
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Identify and implement process improvements to enhance efficiency and effectiveness of accounting workflows
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Supervise and mentor a Project Accountant, providing guidance and oversight of day-to-day project accounting activities
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Support project close-out processes and transition of completed developments to stabilized operations
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Perform ad hoc analysis and reporting as required by the VP Finance and CFO
Qualifications
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CPA designation required
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8–12+ years of accounting experience, with a focus on high-rise residential development accounting
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Strong understanding of the full development lifecycle, including budgeting, cost tracking, construction draws, and project close-out
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Experience working with development contracts, joint venture agreements, lender requirements and letters of credit
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Strong knowledge of cash flow management and forecasting within high-rise residential development projects
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Proven ability to oversee full-cycle accounting and financial reporting for multiple projects
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Experience supervising and mentoring accounting staff
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Strong attention to detail and ability to manage multiple priorities across active developments
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Excellent communication skills and ability to work closely with cross-functional teams
