Property Controller

LNCsearch; United States; Hybrid; USD 150,000 - 230,000; Full time

Job summary

LNCsearch seeks a Controller, Property Accounting to lead a high-performing team across property and development accounting platforms, reporting directly to the CFO. This role emphasizes people leadership, process improvement, and financial integrity across the portfolio.

The ideal candidate combines real estate accounting experience with a commitment to mentoring teams and building scalable, efficient operations for accurate, timely reporting.

Qualifications

• Experience leading property and development accounting teams.
• Strong public accounting foundation and real estate accounting background.
• Mentor staff and build scalable, compliant processes.

Responsibilities

• Lead accounting teams across property and development portfolios.
• Design and maintain accounting policies, controls, and workflows.
• Oversee monthly close, variance analysis, and reporting cycles.
• Manage budgeting, reforecasting, and dashboard development.
• Coordinate investor reporting and quarterly leadership updates.
• Oversee ASC 842 lease accounting and capital project accounting.

Skills

People leadership

Process improvement

Internal controls

Financial reporting

Budgeting & forecasting

Team development

Communication with executives

Tools

Property management platforms

ASC 842 knowledge

Job description

THIS ROLE REQUIRES EXPERIENCE IN PROPERTY, DEVELOPMENT, OR REAL ESTATE ACCOUNTING.

Department: Finance & Accounting

Reports To: Chief Financial Officer (CFO)

Schedule: Hybrid, 3 days on-site, 2 days remote

POSITION SUMMARY

The Controller, Property Accounting is a senior leadership role responsible for building, developing, and managing a high-performing accounting team across the company\'s property and development accounting platforms. Reporting directly to the Chief Financial Officer (CFO), this position is first and foremost a people and process leader — one who establishes a culture of accountability, continuous improvement, and financial integrity throughout the property and development accounting functions.

The Controller, Property Accounting will be responsible for standardizing and optimizing accounting processes, investing in the growth and development of team members, and ensuring that all financial reporting, controls, and compliance obligations related to the property and development portfolios are met with accuracy and timeliness. The ideal candidate brings a strong public accounting foundation, deep real estate accounting experience, and a genuine commitment to mentoring people and building scalable, efficient operations.

KEY RESPONSIBILITIES

Leadership of People & Teams

• Recruit, develop, and retain a skilled accounting team across property and development
• Establish clear performance expectations, provide regular feedback, and create individualized development plans for direct reports.
• Foster a collaborative, inclusive team culture grounded in accountability, professional growth, and continuous learning.
• Serve as a key mentor and resource for accounting staff, building organizational depth and succession readiness.
• Partner with the CFO and senior leadership to align the accounting\'s team structure and capabilities with the company\'s growth objectives.

Process Leadership & Internal Controls

• Design, document, and continuously improve accounting policies, procedures, and workflows across property and development accounting.
• Establish and maintain a strong internal control environment, ensuring appropriate segregation of duties and risk mitigation.
• Drive process standardization and automation to increase efficiency, reduce error risk, and improve reporting cycle times.
• Oversee the monthly close process across property and development accounting, ensuring consistency and timeliness.

Development Accounting

• Direct accounting for all active development projects, including job cost tracking, draw management, and capitalization of costs, reconciliations, and construction draw packages.
• Coordinate with project managers and owners\' representatives to ensure accurate cost forecasting and project-level financial integrity.
• Oversee the transition from construction accounting to stabilized asset accounting upon project completion.

Property Accounting

• Supervise the property accounting team responsible for all operating assets within the
• Ensure accurate and timely monthly close processes, including rent roll reconciliation, CAM reconciliations, and accrual management.
• Review and approve monthly property financial statements, ensuring consistency and adherence to accounting policies.
• Oversee lease accounting in compliance with ASC 842 and applicable lease terms.

Budget Process

• Lead the annual budgeting process across the property and development portfolios, coordinating with asset management, development, and operations teams.
• Collaborate with property managers and development leads to develop revenue and expense assumptions for each asset and project.
• Establish and maintain a formal budget calendar, ensuring timely submissions and leadership approvals.
• Manage reforecast cycles throughout the year and produce meaningful variance analysis against approved budgets.

Monthly Performance Reporting

• Produce and distribute comprehensive monthly financial reporting packages for the property and development portfolios.
• Develop dashboards and KPI reporting that highlight portfolio performance, occupancy trends, and key operational metrics.
• Analyze and communicate financial results to property managers, development leads, and senior leadership, identifying trends, risks, and opportunities.

Quarterly Leadership Reporting

• Prepare and present quarterly financial reports on the property and development portfolios to executive leadership and the board of directors, as applicable.
• Summarize portfolio-wide financial performance and development pipeline status in executive-ready format.
• Provide meaningful commentary on asset-level results, variances to budget, and forward-looking projections.

Quarterly Investor Reporting & Distributions

• Oversee the preparation of quarterly investor reports covering property and development portfolio performance in compliance with fund documents and investor expectations.
• Manage and execute quarterly distribution calculations and payments in accordance with applicable partnership agreements and waterfall structures.
• Coordinate with legal counsel and fund administration on K-1 preparation and investor tax reporting related to the property and development platforms.
• Respond to investor inquiries related to financial reporting and capital account statements.

Software & Systems

• Lead the evaluation, selection, and implementation of accounting and financial systems to support the property and development accounting functions.
• Serve as executive sponsor for technology initiatives impacting the property accounting team, including property management platforms and related reporting tools.
• Champion process automation and workflow improvements to enhance team productivity and