The Chief Financial Officer (CFBO) will serve as a key senior leader within Capstone. The successful CFO candidate will demonstrate superb business and financial acumen and will be a dynamic leader that complements the company culture while working closely with the Managing Principal (MP) on corporate strategy and business decisions. The CFO will be equally comfortable with financial/business details and compliance as well as big picture strategies and business planning. The CFO will oversee financial performance and will manage the overall financial operations and resources of the company and associated verticals, acting as the main point of communication between each internal business vertical and the MP. The incumbent will have a proven track record of excellent performance with financial and operational strategies and outcomes and the ongoing development and monitoring of control systems designed to preserve and grow company assets and report accurate financial results.
Essential Functions:
- Together with the MP, review existing business platforms, assesses financial strengths and weaknesses of those platforms and assist with the development and implementation of business plans and processes to enhance the financial performance of each platform as well as the overall business.
- Assist the MP in formulating the company's future direction, evaluating new business lines/platforms and supporting tactical growth initiatives.
- Together with the MP, plan, develop, implement and direct the organization’s operational and fiscal function and performance, including financial operations of subsidiary companies / business platforms and managing financial risk associated with these companies.
- Create, improve, implement and enforce policies and procedures that will improve operational performance and financial effectiveness of the company.
- Develop financial performance measures and monitoring systems that support the company's strategic direction.
- Provide strategic input and leadership on decision making issues affecting the overall financial performance of the organization.
- Develop financial, tax, and regulatory strategies for each platform that are informed by experience and data.
- Oversee corporate banking relationships and associated borrowing/budgeting processes, cash flow tracking, and adjust financial planning initiatives accordingly.
- Oversee Monitor? cash balances and forecasts that inform the creation and reporting of company financial information, including reporting projections and results to the MP and LPC leadership team.
- Maintain strong advisory relations with internal and LPC leadership and management teams as well as external investor and banking partners.
- Continually improve the planning and budgeting process by educating departments and key members of corporate leadership on current practices.
- Manage accounting department and other personnel responsible for:
- Monthly financial reporting.
- Necessary corporate/operational borrowing.
- Corporate banking relationships.
- Corporate and project specific insurance coverage
- Work closely with in-house Legal Counsel to monitor all open legal issues involving the company.
- Mentor members of staff at all levels to foster growth and encourage professional development among senior executive team and all members of staff.
Supervisory Responsibilities:
- Manage associates in Accounting, Corporate Finance and Risk Management.
- Oversee and provide ongoing performance feedback for associates under direct supervision.
Experience and Education Required:
- Value, embrace and enhance the mission and core values of the company-- capdevpartners.com
- 10-15 years of personnel and financial management experience for a company or division of a medium to large company in a multi-location environment preferred.
- 3-5 years of experience with real estate development companies and/or property management companies preferred.
- Experience creating and managing internal capital resources preferred.
- Master’s degree preferred, preferably in Accounting, Business or related field.
- Certified Public Accountant or Certified Management Accountant designations preferred.
- Strong ability to manage, lead, and collaborate within a team environment.
- Ability to lead the development of financial projections and analyses of existing/new programs and policies.
- Ability to navigate complex business objectives critical to the organization’s overall success and growth that involve multiple internal business verticals and external business entities.
- Strong interpersonal, relationship management and team development skills.
- Ability to conduct engaging, collaborative and informative high-level presentations.
Physical Requirements:
- Prolonged periods of sitting at a desk and working on a computer.
Travel Requirements:
CAPSTONE DEVELOPMENT PARTNERS, LLC (CDP) is a student housing and campus facilities real estate development company exclusively focused on working with colleges and universities in public private partnerships. The Principals of CDP have a combined experience of more than 50 years helping colleges and universities overcome real estate development and housing challenges. Our mission is unique to the student housing industry in that we focus on projects where we are in partnership with the university— rather than simply building apartments in a community with little regard for its plans, its institutional objectives or its long and short-term goals. We have built our reputation on collaborating with schools and respecting and burnishing the unique campus culture of our partners. We work hard every day to establish creative solutions that align the interests of the municipal, private and university project stakeholders, inclusive of housing and student life professionals, finance executives, presidents, facilities personnel, and the many others involved in development on or near a college campus.
We value the unique qualities that exist on the campuses spanning the country and respect the individual quality and characteristics of a school. We don’t approach a project with a preconceived formula of how a structure should be crafted because of what we did on some other campus. Our philosophy is not “One size fits all.” Instead, as our Chairman Emeritus, Mike Mouron often says, “We cut the pattern to fit the cloth.”
