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Chief Financial Officer

Recruiting Resources, Inc.

Chief Financial Officer

Los Angeles, CA
Full Time
Paid
  • Responsibilities

    Reputable, privately held real estate investment company in West LA is hiring an experienced CFO to manage the Accounting and Finance trams.  This role will report to both the Chairman and President. along with coordinating communication with other senior department heads.  Highly visible and integral position to the financial management of the Company.

    Essential Duties:

    • Responsible for leading and preparing monthly, quarterly and annual financials, property accounting, budgeting and reporting process, and forecasting

    • Financial planning through financial modeling and analysis

    • Monitoring the financial performance of the Company

    • Respond to financial related questions from lenders, and other stakeholders.

    • Partner with other internal departments to ensure that communications and presentation materials are accurate.

    • Oversee the month-end close, CAM reconciliation, and ensuring propriety and timeliness of payments to vendors and billings to tenants.

    • Review the general ledger and analysis of financial accounts.

    • Oversee the ‘budget – to actual’ variance analysis

    • Ensure budget and forecast models are accurate.

    • Prepare financial data for executive management and board presentations. • Execute special projects and ad hoc analyses as needed.

    Other Duties: 

    Financial Reporting & Management: 

    • Prepare and monitor Company cash flow projections for multiple operating entities

    • Cash management for multiple operating entities

    • Oversee banking relationships with lenders

    • Prepare for, attend, and document quarterly Board of Directors meetings

    Financing:

    • Prepare project presentations to potential lenders

    • Meet with potential lenders and assist executive team with analysis of various proposed transactions

    • Review and negotiate loan documents as required

    • Familiar with the acquisition and disposition process including experience with the 1031 exchange process

    • Coordinate closing of all loan transactions, including coordination of escrow

    • Supervise and / or prepare monthly, quarterly and annual lender reporting and ensure compliance with financial covenants

    Income Tax Returns

    • Review tax returns for accuracy

    • Ensure that estimated taxes, business taxes, and other taxes are paid timely

    Insurance

    • In conjunction with the President, review and negotiate all insurance policies

    • Oversee risk management for the Company and its Principals

    • Oversee the tracking and management of subcontractor insurance coverage

     

    The ideal Candidate will possess the following:

    • Undergraduate degree required in accounting or business-related field

    • CPA status is required

    • Graduate degree a plus

    • 10 + years of experience in real estate accounting /or related field.

    • Likely candidate will have come through an accounting or finance background • Experience in Yardi software

    • Demonstrated ability to maintain confidentiality

    • Strong organizational skills, including the ability to prioritize and multi-task

    • Advanced knowledge of Microsoft Office Suite, including Word, Excel, and Outlook

    • Ability to communicate effectively and professionally within all levels of the organization and externally with lenders and other outside parties

    • Ability to work independently and with minimum supervision

    • Ability to work in a fast-paced entrepreneurial environment

    • Must possess a strong work ethic

    • Must be a team player