The Development Controller operates in a fast-paced, dynamic environment. Along with the Development team, the Development Controller supports the portfolio of real estate projects held for development or under construction managed by Madison Marquette. This person must possess the necessary skills in accounting for real estate projects still in development with an understanding of both GAAP and tax treatment of related costs. Exhibiting leadership, exercising management, and enforcing accountability systems within the team is key to this position.
The Controller of Development Accounting is responsible for the accounting and reporting functions, such as month-end close, preparing and reviewing journal entries, preparing and reviewing monthly cost reports, account reconciliations, roll forwards, and assisting with financial statement preparation and maintaining effective internal controls.
The position is responsible for assisting in researching technical topics in accordance with Generally Accepted Accounting Principles (GAAP) regulatory requirements, maintaining master plan GAAP accounting model and any revenue recognition models, maintaining GAAP basis pro forma models, preparing ad hoc reporting, preparing cash flow projections and financial analysis. The position is responsible for implementation, administration and maintenance of Timberline job cost applications and integrating with MRI GL system and administering the proper internal controls that will be combined with Madison’s current operating internal controls.
The Development Controller position will oversee the contract administration process (involves input and tracking of development commitments, contracts and change orders into the accounting system along with the verification of invoice coding and approvals) as it relates to projects. The Development Controller reports to the Senior Vice President, Property Accounting and will work closely with the Development Managing Director in the preparation of monthly, quarterly and annual financial statement and the resolution and documentation of accounting issues and positions.
Financial Systems & Processes:
Accounting & Financial Reporting
Tax Administration & Compliance
Financial Planning & Analysis
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