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Director of Finance

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Finance / Investment
Location
Beverly Hills
Region
CA
Postal Code
90212
Country
United States

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Description


Director of Finance

We are a privately held commercial real estate investment firm based in Beverly Hills, CA that owns and operates a diversified portfolio of properties primarily in California and Texas. Our expertise encompasses various facets of real estate investments, entitlement, redevelopment, and asset management across a variety of asset types including multifamily, office, medical office, and land development.

We are currently looking to hire a Director of Finance to oversee all financial aspects of company’s operations.

Responsibilities:

  • Manage all aspects of asset and corporate accounting functions including joint-venture accounting, property accounting, AP, AR, and Job Cost.
  • Develop and implement annual budgets, monthly financial variance reports, operational analysis, and leasing activity reports.
  • Prepare lender debt compliance reports and other lender requirements as needed. 
  • Prepare investor monthly and quarterly reports.
  • Prepare monthly loan draws and submit to lender.
  • Review and approve the weekly/monthly funding requests from property management companies.
  • Analyze investment operations; accurately apply distribution allocations to forecast cash flows and returns, including complex co-invest and joint-venture structures
  • Ensure the company maintains a complete set of accounting books and records.
  • Review and manage property reconciliations and related reports for monthly, quarterly and annual closing packages to partners and lenders.
  • Manage the daily cash management functions, including accounts payable/receivable functions, vendor payments, expense reimbursements, cash collections, cash deposits, monthly bank reconciliation, bank wire transfers and petty cash.
  • Review monthly, quarterly and annual construction management fees, property management fees, asset management fees and other fees.
  • Oversee third party property management accounting teams.
  • Support acquisition efforts in sourcing and closing new investment opportunities; assist with underwriting and due diligence on all acquisitions.
  • Manage annual insurance renewal process and ensure the company has the appropriate coverage

Qualifications:
 

  • Maintain a strong fiduciary responsibility to the company and Joint-Ventures.
  • Demonstrate the highest ethical standards.
  • College degree with emphasis in Accounting, Finance, or Real Estate, MBA preferred.
  • Excellent verbal and written communications skills in order to present to and work with senior management, partners and external clients.
  • Excellent organizational and time management skills. Ability to prioritize workflow and deadlines, self-starter with the ability to work independently with a team player attitude, all while paying strict attention to detail.
  • 5+ years working experience in evaluating and underwriting investment merits and risks associated with commercial real estate.
  • Strong analytical skills (both quantitative and qualitative). Strong risk assessment skills. Ability to compile, monitor, examine, and audit various financial, performance, and/or data reports for accuracy, integrity, and conformance to performance benchmarks.
  • Ability to evaluate and determine property budgets, asset performance and valuations under a variety of scenarios to develop asset management strategies and provide recommendations for changes or enhancements to improve objectives.
  • Strong in software applications for real estate investment analysis and accounting review including Microsoft Word, Excel, PowerPoint, Access, Argus, Yardi, and the ability to quickly learn new program applications.

Compensation

  • Compensation will be commensurate with experience and capabilities. We offer a base salary plus bonus depending on the candidate, as well as a full benefits package.

Job Functions


  • Accounting / Control
  • Asset Management
  • Finance
 

Job Sector


  • Office
 

Experience


Not Specified


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