Project Financial Controller; Real Estate Development

Project Financial Controller (Real Estate Development)

Position Title:

Project Financial Controller (Real Estate Development) Company:
Reef Capital Salary: $130,000-$150,000

Location:

Lehi, UT;
Travel to projects as needed

Reef is a Utah-based vertically integrated investment and development firm founded in 2005. Reef's team is currently involved in some of the most prominent development transactions in Utah and other targeted geographies across the United States.

Built on two decades of success, our investment approach combines proven expertise with purposeful innovation. Reef's team has completed more than 500 transactions across all lines of business. In addition to our real estate investment strategy, Reef and/or affiliates own and operate various businesses that add significant long-term value to its projects. We have grown rapidly, growing from about 25 employees to well over 400, with managed assets on behalf of over 750 institutional and individual partners worldwide.

With the motto "Expect the Best," Reef's most prominent developments include Black Desert Resort, a $2 billion luxury resort in Ivins, Utah;
Marcella, a luxury private golf community in Park City, Utah;
Tributer Resort, Virginia's newest premier private lakeside golf destination;
Cornerstone Club, a 5,000-acre residential community, private club, and resort in Telluride, Colorado;
Sweetens Cove, a renowned and evolving golf destination nestled in the Tennessee Valley; and the restoration of the historic Coco Palms Resort in Wailua, on the island of Kauai, Hawaii.

Our culture is defined by a shared set of principles that guide how we think, collaborate, make decisions, and pursue success together. This mindset serves as the foundation for the five principles that define how we work together: first, we are One Reef, always prioritizing the success of the whole over individual agendas; we speak candidly and respond collaboratively; we move in solidarity once a decision is made;

we take full accountability for outcomes in our domain; and we refuse to settle for anything less than extraordinary. These aren't aspirational values posted on a wall. They are the behaviors we hire for, develop, reward, and exhibit each day. Candidates who thrive at Reef bring energy, ownership, and a genuine commitment to raising the bar on everything they touch.

Position Summary:

Reef is seeking a Financial Controller to oversee project-level financial management, reporting, and accounting operations within our development project portfolio. This role ensures financial accuracy and compliance, coordinates construction loan draws, and provides financial reporting to the development operations, general development finance, and corporate accounting teams.

The Financial Controller serves as the senior financial presence on the project team and is accountable for the financial integrity of all project expenditures and reports, providing the financial visibility that enables sound development decision-making.

Responsibilities:

• Oversee project-level financial reporting including monthly cost-to-complete, budget-to-actual, and cash flow reports
• Ensure accuracy and timeliness of all financial data provided to Development Operations.
• Manage preparation and submission of construction loan draw packages while ensuring all required documentation is complete, accurate, and compliant with lender requirements.
• Review and approve contractor and vendor invoices for accuracy, contractual compliance, and proper coding before forwarding payment.
• Maintain project budget tracking; identify cost variances, scope changes, and risks; coordinate with the Development Operations Manager on budget-to-actual reconciliation.
• Ensure all financial documentation is organized, compliant with financing agreements, and ready for audit
• Coordinate lien waiver collection and compliance tracking.
• Supervise Project Accountant(s) and AP Clerk(s) assigned to the project
• Work closely with the Development Operations Manager, Sr. Development Controller, Cash Committee, and corporate accounting to ensure alignment on financial reporting and compliance.

Qualifications:

• Bachelor's degree in accounting, finance, or related field required; CPA is a plus.
• Prior experience in project-level accounting or financial control, ideally within real estate development or construction.
• Working knowledge of construction loan draw processes, lien waivers, and lender compliance documentation.
• Strong understanding of budget tracking, cost coding, and cost-to-complete/budget-to-actual reporting.
• High attention to detail and strong organizational skills, with the ability to maintain audit-ready documentation.
• Proficiency with project accounting/ERP systems (e.g., Procore, Sage, JDE) and standard financial reporting tools.
• Strong cross-functional communication skills, with the ability to collaborate effectively with development, construction, and corporate accounting teams.
• Sound judgment in identifying cost variances, compliance gaps, and financial risks,…