Portfolio Controller

Primary Responsibilities

• Provide technical guidance on complex real estate transactions, joint ventures, and investment structures (upper tier joint ventures, holding companies, etc.).
• Review and interpret legal agreements, including joint venture agreements, purchase and sale agreements, loan agreements, construction contracts, etc., to determine appropriate accounting treatment.
• Ensure that all monthly/quarterly/annual financial reporting, development reporting, audit and tax compliance is completed and timely and accurately.
• Ensure that monthly development funding requests are created and provided to lenders and JV partners timely, accurately, and in accordance with all governing documents.
• Establish and enforce internal controls over accounting processes, including cost capitalization, approvals, and financial close procedures.
• Partner with acquisitions, asset management and construction/development teams to ensure accurate financial data throughout the life cycle of an investment.
• Oversee accounting integration processes for newly acquired assets and disposition processes for sold assets.
• Ensure compliance with applicable accounting standards (Fair Value, GAAP, income tax basis) related to real estate and investment companies.
• Drive process improvements and standardization across development accounting workflows, systems, and controls.
• Lead, manage, and develop a team of accounting professionals, including performance management, coaching, and succession planning.
• Serve as a key point of contact for auditors, investors, and external partners on accounting matters related to assigned portfolio.

Skills and Abilities

• Strong interpersonal and communication skills, with the ability to influence and build relationships across functions.
• Strategic thinking and strong technical accounting acumen.
• High attention to detail and commitment to accuracy.
• Leadership, team development, and organizational influence.
• Strong judgment in complex and ambiguous situations.
• Effective communication and stakeholder management.
• Ability to operate in a fast-paced, transaction-driven environment.

Education & Experience

• Bachelor's degree in Accounting, Finance, or related field, or additional relevant experience in lieu of degree.
• 10+ years of progressive accounting experience with significant exposure to real estate development and investment accounting.
• Demonstrated experience in development accounting across the full lifecycle of projects.
• Strong expertise in joint venture accounting, including complex partnership structures and waterfall calculations.
• Experience working on complex real estate development transactions with multiple stakeholders and capital sources.
• Strong understanding of internal controls and accounting process design.
• Proven experience in a leadership role with responsibility for managing and developing accounting teams.
• Proficiency in real estate accounting systems (e.g., Yardi) and advanced Excel skills.

Benefits

• Medical, dental, and vision coverage for you and your eligible family members.
• A Flexible Spending Account (FSA).
• Life and supplemental life insurance and short and long-term disability insurance.
• Paid Time Off, Parental Leave.
• 401(k) plan with employer match.
• Employee Assistance Program and Employee Discount Program.

About the Role

• PowerHouse Data Centers, a wholly owned division of AREP, is a developer and owner of next-generation data centers and provides technical real estate solutions for hyperscalers across the country.
• Backed by strategic joint venture partnerships, PowerHouse leverages its proven leadership and best-in-class technical expertise to deliver innovative real estate solutions.

Qualifications

• Strong interpersonal and communication skills, with the ability to influence and build relationships across functions.
• Strategic thinking and strong technical accounting acumen.
• High attention to detail and commitment to accuracy.
• Leadership, team development, and organizational influence.
• Strong judgment in complex and ambiguous situations.
• Effective communication and stakeholder management.
• Ability to operate in a fast-paced, transaction-driven environment.

Skills

• Strong interpersonal and communication skills, with the ability to influence and build relationships across functions.
• Strategic thinking and strong technical accounting acumen.
• High attention to detail and commitment to accuracy.
• Leadership, team development, and organizational influence.
• Strong judgment in complex and ambiguous situations.
• Effective communication and stakeholder management.
• Ability to operate in a fast-paced, transaction-driven environment.

Benefits

• Medical, dental, and vision coverage for you and your eligible family members.
• A Flexible Spending Account (FSA).
• Life and supplemental life insurance and short and long-term disability insurance.
• Paid Time Off, Parental Leave.
• 401(k) plan with employer match.
• Employee Assistance Program and Employee Discount Program.