Company
Our client is a private real estate investment and development family office. The Company is vertically integrated, and the CEO/Founder of the company has a 30+ year history of advising and executing transactions on behalf of a variety of affiliated partnerships. Headquartered in Phoenix, AZ, the Company has a strong investment strategy for retail, land and multifamily development. It has operated in markets across the Southwest and Western regions of the country, while partnering with a leading private equity firm focused on consumer-facing businesses. The company has a deep understanding of real estate investing, and a commitment to generating long-term value in both residential and commercial developments.
Position
The CFO/Senior Vice President of Finance will report to the CEO and oversee the financial operations of the organization. This position is responsible for maintaining accurate financial records, preparing financial reports, ensuring compliance with accounting standards, and leading the company’s finance / accounting function. The CFO/SVP will be actively involved in capital strategy, budgeting, forecasting, and analyzing financial performance to support the company’s strategic objectives. The position will offer the opportunity to work in an entrepreneurial environment and guide new processes and procedures for a growing Company and its institutional partners.
Responsibilities
Capital Strategy and Enterprise Finance:
- Partner with the CEO on capital sourcing strategy involving family offices, institutional investors, and lenders.
- Participate in the design and evaluation of capital stacks, including common equity, preferred equity, and debt.
- Lead the finance infrastructure such as joint venture structures, promote waterfalls, and return hurdles.
- Stress-test capital structures under downside, delay, and cost overrun scenarios.
- Support portfolio-level capital allocation and deployment decisions.
Financial Management & Reporting:
- Oversee the preparation and distribution of timely and accurate financial statements, including balance sheets, income statements, and cash flow reports.
- Ensure all financial reports comply with GAAP and other relevant regulations.
- Prepare and present financial reports to investors, lenders, and other stakeholders. Prepare any board-level financial narratives and translate financial results into strategic implications for capital partners.
- Ensure timely and accurate reporting on financial performance, investment returns, and other key metrics.
Budgeting & Forecasting:
- Monitor budget performance and provide variance analysis on a monthly, quarterly, and annual basis. Responsible for rolling 12–36month liquidity forecasts for corporate and project expenses.
- Lead the annual budgeting process, collaborating with senior leadership to develop accurate and achievable financial plans. Be proactive in identifying gaps, covenant risks and timing mismatches
- Develop contingency plans related to construction delays, lease-up risks, cost inflation and capital market shifts.
Accounting Operations:
- Manage third-party accounting operations, including accounts payable, accounts receivable, general ledger, and payroll for the company and its managed properties.
- Oversee the month-end and year-end close processes, ensuring accuracy and completeness.
Cash Management & Treasury:
- Oversee cash management, including monitoring cash flow for properties and ensuring appropriate reserves are maintained.
- Manage banking relationships and oversee loan compliance and debt service requirements.
Audit & Compliance:
- Coordinate audits, ensuring financial records are accurate and that the company remains in compliance with regulatory requirements.
- Ensure compliance with tax laws, including property tax filings and corporate tax returns.
Internal Controls & Process Improvement:
- Develop and maintain strong internal controls to safeguard the company’s assets and improve efficiency. Establish plan and financial policies for platform growth.
- Continuously evaluate and improve accounting policies, procedures, and systems to enhance the accuracy and timeliness of financial information.
- Design long term finance organization roadmap, including timing of internal hires versus outsourced support.
Real Estate Accounting & Analysis:
- Oversee property-level accounting, including rent rolls, leasing activity, capital expenditures, and expense allocations.
- Provide ongoing financial analysis and reporting for property and corporate functions, including performance monitoring, budgeting, forecasting, and preparation of internal and external financial statements.
Collaboration and Decision-making:
- Work closely with executive management to ensure financial directives are followed and risk factors are evaluated.
- Help establish finance policies, internal control and reporting standards; serve as the gatekeeper for all major budgets, capital commitments and investment decisions.
- Recruit, develop and mentor future finance team including controller and analyst roles.
Qualifications
- Bachelor’s degree in Accounting or Finance; Master’s degree and/or CPA designation preferred.
- 10+ years of experience in accounting/finance, with at least 7+ years in a leadership role.
- Experience with ground up development with land acquisitions focused on mid to large scale retail and multifamily projects.
- Strong knowledge of GAAP and real estate accounting, including experience with property management accounting software (e.g., Yardi, RealPage, MRI).
- Experience managing accounting for the full development cycle, including financial reporting, budgeting, and variance analysis.
- Proven ability to establish proper accounting processes and procedures.
- Excellent analytical and problem-solving abilities, with attention to detail and accuracy.
- Strong organizational skills with the ability to manage multiple priorities and deadlines.
- High level of integrity and commitment to maintaining confidentiality of sensitive financial information.
- Strong interpersonal and communication skills, with the ability to interact effectively with senior leadership, property managers, investors, and external auditors.
- Advanced proficiency in Microsoft Excel and other financial analysis tools.
