#cb POSITION SUMMARY
The Chief Financial Officer will join the existing Company Executive Leadership Team (which includes the Chief Executive Officer, Chief Operating Officer, Chief Development Officer, Managing Director of Development, and the Managing Partner-Company Capital Advisors). Company’s current lines of business include multi-family and commercial real estate acquisitions and development (generally managed through individual Special Purpose Entities (“SPEs”), and real estate alternative assets, including the recently formed Company Income Partners Pool (“FIPP”) and Company Capital Advisors (“FCA”). The CFO’s role will extend across all Company business lines.
Executive Leadership Team
Providing strategic thinking around the business and specifically to the Finance area.
Will understand the drivers of the overall business of the Company entities while contributing to the Company’s investment strategy.
Key areas of accountability include Finance, HR, Capital Markets, Investor Relations.
Thorough understanding and experience with Compliance and Risk Management environments, specifically SEC RIA.
Will develop relationships with key lenders and investors.
Manage all elements of Company entities’ finance operations.
Develop and manage to Company entities’ finance strategy.
Work with the VP – Finance and stakeholders involved in Acquisitions-Development and Acquisition-Existing Assets.
Participate on Company Real Estate Group’s Investment Committee.
Accounting and Reporting
Deliver accurate and timely financial statements or other reporting documents to partner group and other constituents.
Includes monthly financial statements, weekly rolling cash forecasts, and detailed annual operating budgets.
Insure appropriate oversight over financial reports produced by outsourced property managers, including consistent application of GAAP, compliance with partnership and management agreements, and consistency with Company records.
Maintain/revise financial infrastructure necessary to support real estate development efforts.
Deliver accurate and timely filing of all tax returns for all Company entities, investment funds, and property level SPEs within timeframes set forth in operating documents.
Develop sustainable processes/procedures for effectively managing Human Resources
Positively contribute to the company’s culture and embrace what makes Company fun and unique.
Work with the Executive Leadership Team to create and deliver compensation and benefit programs that competitively positions Company among its peers at an effective cost/benefit.
Develop an overall compensation philosophy, including salary, bonus, and equity incentives.
Manage Company’s HR/People Team.
Manage / implement internal IT infrastructure that supports long-term growth (including becoming an RIA) and manages risk
Develop (with third-party assistance) a comprehensive disaster recovery plan, including timelines for achieving various milestones.
Evaluate and mitigate (with third-party assistance) Company’s cybersecurity risk and implement comprehensive policy consistent with Company’s regulatory compliance regime.
Investor Relations and Capital Markets
Supervise Investor Relations and Capital Markets functional areas, providing support and direction as necessary.
Manage the execution of Company’s overall debt & equity strategy.
Review all PPM’s and OA’s prior to distribution to investors.
Oversee integrity of all financial information communicated to both new and existing investors.
Risk & Compliance
Ensure full compliance with SEC Registered Investment Adviser (“RIA”) guidelines and any other regulatory reporting requirements –
Drive Company’s registration process, including filing of all regulatory forms, and preparation of RIA Compliance Manual and document retention policies and procedures.
Design and implement processes and procedures necessary to support all required company specific and employee actions necessary for compliance with the manual.
Revise/Update and maintain
’s risk management compliance framework for all
entities and (as applicable) properties
Internal Company point person managing, placing and monitoring all insurance coverage matters, and insuring best practices coverage across all business lines.
First point of contact for Company legal matters/contract review.
Together with Investment Management & Development teams, implement comprehensive financial processes/procedures to accurately and effectively close real estate acquisitions and dispositions, collect capital from investors, and distribute quarterly and periodic liquidity proceeds.
Deliver supporting communications/analyses and infrastructure necessary to enable
to execute on the newly formed Income Opportunity Fund and expand the FIPP product
Integral member with FCA Managing Partner to develop all fund offering materials including marketing, legal, and investor due diligence.
Drive closing of funds.
Create accounting, finance and tax processes for all fund activity independent of SPE activity, including capital calls & distributions, tax preparation and compliance, etc.
Oversee compliance with Fund operating documents.
SKILLS & QUALIFICATIONS
Will have deep alignment with Company’s values, ethics and culture.
Sophistication and depth as a broad real estate investor; understanding the drivers of real estate acquisition, ownership and disposition.
10 years’ experience as a Chief Financial Officer or other senior financial officers of a real estate company.
Experience in Risk and Compliance environments, specifically SEC Registered Investment Advisor guidelines.
Will bring management expertise and fiduciary perspective to manage and lead the financial aspects of the Company entities.
Will serve as a strong contributor and partner to other members of the Executive Leadership Team.
Technically Strong in GAAP, Partnership Tax and Contract Review
Active CPA license; substantive and extensive experience with partnership tax; previous experience in Big 4 (audit or tax) or nationally recognized firm strongly desired, but not required.
Substantive prior experience reviewing / negotiating various legal documents.
EDUCATION & TECHNICAL SKILLS
Minimum of a four-year degree in Finance, Accounting, Economics
Minimum 10 years’ experience as Chief Financial Officer or other senior financial officer roles in a real estate development company, including accounting and/or financial planning and analysis
Prior real estate experience required
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