CHIEF FINANCIAL OFFICER JOB DESCRIPTION

RESPONSIBILITIES

• Lead the accounting operations of the property management company and investment company
• Oversee the financial preparation for the management company, investment company and various real estate investment funds
• Assist property accounting team in problem resolution
• Prepare property management fee calculations
• Support the annual budgeting process including creating templates
• Prepare or file annual reports and registrations for all entities
• Assist in the tracking of property tax to ensure timely payment
• Assist in the annual property insurance renewal process
• Prepare monthly and quarterly distribution calculations for in-house investments as well 3rd party management clients
• Prepare investor reporting and analyze financial statements, various performance returns metrics (IRR, equity multiples, etc.) and other financial and operating reports of real estate investments
• Oversee external fund administrator
• Manage the Fund audit process and research questions from auditors
• Coordinate the tax return preparation with external firm for all entities
• Oversee K-1 preparation process to ensure timely completion for investors
• Coordinate and oversee acquisitions and dispositions by working with various external parties i.e., third parties, sellers, legal counsel, lenders etc.
• Complete proration calculations for property acquisitions and dispositions as well as preparing all necessary journal entries
• Lead the new loan and refinance process
• Lead the communication with lenders as it pertains to financial reporting, loan draw administration, reserves management, rate cap renewals etc.
• Complete reserve draws for lenders
• Track and report all loan compliance requirements including required repairs

QUALIFICATIONS/SKILLS

• Bachelor’s Degree in finance or accounting (or equivalent relevant experience)
• Experience in real estate / property management preferred, but not required
• CPA Designation strongly preferred
• Investment Accounting a plus
• Knowledge of property level debt financing a plus
• Excellent communication skills, team player, collaborative and well organized
• Strong organizational and time management skills
• Creative problem-solving skills
• Intermediate/Advanced Excel skills
• Yardi experience strongly preferred
• Ability to act and operate independently with minimal daily direction from manager to accomplish directives
• Ability to work across department lines and collaboratively to facilitate processes
• Ability to read and interpret legal documents and communicate requirements to business stakeholders