Company Overview:
Founded in 1965, our client is a Boston-based real estate firm specializing in the acquisition, development, and management of residential and commercial properties across Greater Boston. The company focuses on fostering a team-oriented culture dedicated to high-standard property maintenance and community growth. Our client is led by a team with extensive local expertise, emphasizing a hands-on approach to investing and management. Their primary market differentiator is a vertically integrated platform, which allows them to manage the full property lifecycle in-house to ensure high-quality service and maintenance.
Position Summary:
Our client is seeking a Chief Financial Officer/Chief Operating Officer that will be responsible for long-term financial strategy and planning, financial risk management, and project reporting. The position will oversee all areas of the operation including property management, asset management, deal support, HR & IT, and accounting & finance. The successful candidate will provide strong day-to- day leadership without foregoing the long-term vision and growth of the company. As a member of the senior management team, this person will serve as an advisor to the owners, providing financial input on issues and investment opportunities. The position demands a dedicated professional with excellent attention to detail, leadership skills, analytical aptitude, and the ability to prioritize, multi-task, work independently, and solve problems.
The ideal candidate is an operationally minded financial strategist who leads by example, possessing a blend of analytical aptitude and decisive leadership. We are looking for a dedicated professional with exceptional attention to detail and a proven ability to prioritize complex workflows in an independent environment.
Responsibilities:
General Leadership:
- Represent the organization in the marketplace as the financial leader of the executive team
- Maximize value of the existing portfolio
- Assist owners in strategically growing the portfolio
- Ensure company utilizes appropriate operating and reporting systems to maximize efficiency and growth
- Foster a collaborative and professionalized culture
Accounting & Finance/Asset Management:
- Together with the CEO and executive leadership team, develop the strategy to ensure that the organization has the financial resources needed to achieve its current and future goals, while mitigating financial and operational risk
- Help develop the annual business plans and track ongoing performance
- Oversee accounting operations and capital markets of the company
- Ensure the accuracy of the organization’s financial results and reports
- Comply with all local, state, and federal tax filings and reporting requirements
- Assist in creating an organizational structure within the accounting department to facilitate the achievement of short-term and long-term goals/objectives
- Develop and maintain effective working relationships with key financial partners including lenders, investors, partners, consultants, and vendors
- Maintain portfolio analysis to track cash flows, capital projects and distributions
- Oversee portfolio budgeting, accounting, and cash management to ensure accurate reporting
- Supervise the accounting staff on day-to-day operations including, but not limited to, month/year end close, accounts receivable & payable, financial reports, payroll, invoicing, cash receipts and disbursements
- Assist in defining the financial strategy, manage financial capital and communicate capital requirements/implications of assets to leadership
- Improve key financial decisions focusing on management of working capital, use of financial vehicles and others
Corporate Finance & Strategic Planning:
- Lead budgeting, forecasting, headcount planning, and long-range financial planning for the management company
- Provide CFO-level input on deal formation and credit facilities
- Support senior leadership with scenario analysis, financial modeling, and strategic decision-making
Human Resources:
- Oversee HR function
- Review/authorize insurance and benefit programs including Health Insurance & 401K
Qualifications:
- B.A./B.S. in Finance or Accounting required, other additional relevant advanced degree and/or certification, such as MBA, M.S., CFA or CPA, preferred
- Minimum of 15 years of relevant experience in commercial real estate accounting or finance
- Strong experience with institutional reporting requirements including the preparation and not only review of these requirements
- Strategic cash management skills
- Strong communication skills
- True team player
- Self-motivated self-starter
- The ability to meet reporting deadlines
- Strong lender relationships
- Significant, direct experience working with an executiveteam
- Strong analytical and problem-solving skills with high attention to detail
- Strong quantitative skills with a comprehensive real estate knowledge with a focus on mixed use and retail properties
- Strong interpersonal and communication skills
- Ability to oversee all levels of the organization
- Sharp, confident multi-tasker who is flexible, proactive and adapts quickly
- Ability to work in a discrete and confidential manner
