Controller, Development

Location:

Dallas, Texas

Department:
Accounting

Reports To:

SVP, Controller

Gillon Property Group is a Dallas-based commercial real estate investor, developer, and operator with a distinguished track record of identifying and creating value in premier mixed-use, retail and other commercial assets across diversified asset types. We are a vertically integrated, entrepreneurial organization committed to excellence, integrity, and long-term partnerships. GPG is dedicated to driving long-term value by creating extraordinary places that enhance people’s lives.

The Controller, Development is a senior leader within the accounting organization, accountable for the integrity of accounting, financial reporting, and internal control across the full real estate development lifecycle—from pre-development and entitlement through construction, lease-up, stabilization, and transition to long-term operations. This role owns project-level and entity-level accounting for the firm’s development pipeline, including ground-up and redevelopment projects, the joint ventures and capital structures that fund them, and the operating assets they become.

The ideal candidate is a true real estate development Controller who has lived the construction draw cycle, managed cost-to-complete and capitalization on active projects, and closed out and placed projects in service—and who also brings operating property experience (monthly close, CAM, leasing, and budgets) to ensure a seamless handoff from development to operations. The Controller partners closely with the SVP, Controller, Development, Construction, Asset Management, and Investments, and builds and develops the team that supports both sides of the platform.

• Own accounting for the firm’s development pipeline across the full project lifecycle: pre-development, entitlement, land acquisition, design, construction, lease-up, stabilization, and project closeout.
• Establish and maintain project budgets, job cost structures, and cost codes; oversee tracking of hard costs, soft costs, contingency, and owner allowances against approved budgets.
• Lead the monthly construction and development draw process, including preparation and review of lender and equity draw packages (AIA G702/G703, invoices, lien waivers, retainage, stored materials, and title date-downs).
• Partner with Development and Construction on cost-to-complete, budget reallocations, change orders, contingency usage, and GMP/contract reconciliations; provide monthly project cost and cash forecasts.
• Own capitalization policy and execution, including interest, real estate taxes, insurance, development fees, overhead allocation, and other carry costs; determine capitalization start and stop dates.
• Manage placed-in-service, substantial completion, and asset conversion from construction-in-progress to fixed assets; coordinate cost segregation studies and depreciation set-up.
• Oversee accounting for tenant improvements, landlord work, leasing commissions, and tenant allowances on new development and redevelopment projects.
• Account for and track public incentives and partnerships (e.g., TIF, PID, 380/381 agreements, abatements, and reimbursements), including compliance and reporting.
• Lead project closeout, including final cost reconciliations, retainage release, final lien waivers, and audit-ready project cost files.

• Review and approve the setup of new projects, entities, and ownership structures; ensure compliance with governing documents (PSAs, JV/partnership agreements, construction loan agreements, and guaranties).
• Own partnership/JV accounting for development ventures, including…