Controller

Job Description

Position Overview The Controller is accountable for the accuracy, completeness, and structural integrity of APG’s financial records across corporate, development, and property entities. This role owns technical accounting execution, including LIHTC construction and conversion accounting, financing and partnership structure accounting, audit and tax coordination, and accounting infrastructure. All accounting outputs must be internally reviewed and ready for CFO review. Direct LIHTC construction and conversion accounting experience is required, including draws, eligible basis calculations coordination with CPA for preparation of Final Cost Certification (FCC), 25% test (formerly 50% test), audit and tax returns. The CFO owns cash forecasting, treasury, budgeting, financing transactions, and Board reporting. The Controller provides accurate accounting, technical analysis, and supporting schedules.

Skills and Requirements

Core Responsibilities Financial Close & Structural Integrity

• Own monthly close, reconciliations, and financial statements across APG and related entities

• Ensure accurate GL classifications, intercompany accounting, and cost allocations

• Prevent improper cross-entity cost flow

• Review and approve corrections, reclasses, and accounting judgments

• Maintain the close checklist and enforce deadlines Financing & Partnership Structure Accounting

• Interpret loan and partnership agreements to ensure accurate accounting treatment

• Validate interest accruals, financing costs, reserves, waterfalls, GP distributions, and capital accounts

• Track Deferred Developer Fee balances and repayment schedules

• Confirm restricted versus available cash and capital stack accuracy

• Provide accounting schedules for financing transactions, mandatory tenders, and permanent conversions LIHTC Construction, Conversion & FCC

• Own construction and pre-conversion LP books, draws, disbursements, and cost tracking

• Coordinate FCC preparation and reconcile project costs, eligible basis, and capitalized expenditures

• Prepare or oversee supporting schedules for the 25% test (formerly 50% test) and related reporting

• Ensure consistency among development budgets, accounting records, and certified cost schedules

• Resolve discrepancies before submission and support tax return and 8609 readiness

• Coordinate conversion accounting and project closeout with Development, Asset Management, and the CPA Portfolio & ROI Technical Preparation

• Oversee the Accounting Manager’s monthly review of third-party property-manager financial packages

• Establish review thresholds, materiality standards, and required tests and tie-outs

• Review findings, approve corrections, and ensure Accounting directs changes to financials

• Validate cash flow to APG, Asset Management cost allocations, and GP asset values, including Deferred Developer Fee treatment

• Prepare ROI/Net Return models and validated portfolio data using approved methodologies and reporting tools

• Prepare quarterly portfolio financial analysis with Asset Management to support CFO-led Board reporting The Controller ensures technical accuracy. The CFO applies strategic interpretation. Asset Management determines operational action. Audit, Tax & Regulatory Compliance

• Own day-to-day coordination with outside CPAs for audits and tax returns

• Manage deadlines, supporting schedules, permanent files, and issue resolution

• Review audit and tax packages before CFO review and submission to the CPA

• Review CPA-prepared deliverables before CFO approval

• Ensure applicable accounting, tax, and regulatory requirements are met

We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal employment opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment without regard to race, color, ethnicity, religion, sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military or uniformed service member status, or any other status or characteristic protected by applicable laws, regulations, and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to [email protected].