CFO

Job Description

About the Company:

Cardone Capital, located in Aventura, FL, acquires and manages real estate properties with a focus on both near-term income generation and long-term value creation. Grant Cardone, CEO, created Cardone Capital to provide everyday investors access to the institutional-grade real estate deals that are normally reserved for only the largest investors. Cardone Capital offers investment funds that invest directly in private real estate transactions. To date, the company has raised over $750 million across 18 funds from over 8,400 accredited and non-accredited investors. Cardone Capital’s real estate portfolio currently consists of over 11,500 apartment units across 35 multifamily properties along with over 225,000 square feet of commercial office space.

Position: CFO

The Chief Financial Officer, (CFO) is responsible for the day-to-day operations of accounting, finance, and overall departmental management of the Company. You will oversee the development of a financial strategy, metrics tied to that strategy, and the ongoing progress and monitoring of control systems designed to preserve and maximize the value of company assets and report accurate financial results.

Responsibilities:

• Primary point of contact and lead the coordination with property management accounting departments, lenders, accounting auditors, tax consultants, and insurance brokers and third-party adjusters.
• Ensures compliance with federal, state, local, and organizational laws, regulations, guidelines, and best practices, including tax laws, SEC disclosures and investor requirements, GAAP, and valuation measurements.
• Manage the timely and accurate preparation and consolidation of monthly and annual GAAP financial statements across 36 properties and associated legal entities that meet SEC, IRS, lender, and internal company requirements.
• Manage the timely and accurate preparation of federal, state and local tax returns and payments for individual legal entities and Company. Always has an eye toward the tax consequences of business, operational, and transactional decisions. Ensures preparation and distribution of investor tax reporting documents such as K-1s and 1099s.
• Recommend and manage both monthly property-level and fund-level cash flow distributions to over 8,400 investors, considering current income, working capital, capital reserves and cash balances.
• Work together with asset managers to ensure the development and monitoring of individual property investments, including budgets and forecasts, performance measurement, and debt covenants and other lender requirements.
• Develops a reliable internal management reporting process and cadence, particularly short- and long-range financial forecasts, key performance indicators, and management dashboards and flash reports.
• Participate in the review and negotiation of terms sheets and legal documents related to the acquisition and disposition of real estate assets and debt financings. Participate in equity fundraising effort through preparation of legal, regulatory, and marketing documentation.
• Lead successful end-to-end migration of Company accounting platform to MRI from QuickBooks to ensure accounting and finance department keeps pace with rapid Company growth.
• Reviews policies, procedures, systems, and workflow on a regular basis. Develops, updates, and implements operational efficiencies by way of technology to reduce operating expenses and further Company goals.
• Additional ad hoc projects and responsibilities as needed.

Requirements:

• Full-time onsite / in-person working environment in Aventura, Florida. This is not a remote work scenario. Relocation will not be provided.
• Strong and demonstrated knowledge of real estate business, accounting, and tax principles.
• 10+ years of progressive management experience in the real estate investment sector including 5 years in a senior financial leadership role.
• Bachelor's Degree in Accounting, Finance or Business-related field.
• CPA (including work experience in a national public accounting firm) strongly preferred.
• Expert knowledge of GAAP, public and private equity fund legal, compliance and reporting requirements, and real estate tax.
• Demonstrated experience leading an accounting software migration.
• Experience with multiple entity business income flow via a large portfolio of real estate assets preferred
• The ability to multi-task with efficiency, poise and confidence in a fast-paced environment is critical
• Expert in MRI, Yardi, QuickBooks and Excel.

This is full-time Monday to Friday 9AM to 6PM, with additional hours/times as needed in Aventura, FL

Cardone Capital, LLC is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.