VP of Finance Transformation

1 month ago

New York, United States Cobalt US Full time

A newly created VP of Finance Transformation & Shared Services position has arisen with a highly reputable real estate firm currently experiencing tremendous growth. Working closely with the EVP Finance & CFO, this strategic individual will form part of the Executive Leadership Team to drive the finance transformation and change management agenda across the organization's shared services function.

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Essential Duties & Responsibilities

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  • Strategic oversight and leadership of client finance operations services department, including Payroll, Accounts Payable, Accounts Receivable, and Treasury.

  • Oversight of offshore partners in India

  • Participate in the implementation, testing, and troubleshooting of accounting systems.

  • Responsible for creating and maintaining departmental Standard Operating Procedures (SOP). Develops metrics, service level agreements (SLAs), and key performance indicators (KPIs) to ensure service delivery.

  • Ensures timely issue identification, resolution, and escalation when appropriate within leadership teams throughout the organization, including management teams.

  • Establish strategic and proactive partnerships with other departments, including property management and client finance teams.

  • Establishes standard operating procedures to drive uniformity, consistency, and accountability that are consistent with our company's values.

  • Defining and enforcing key controls over financial operations, particularly appropriate segregation of duties

  • Overseeing the department's development of financial processes and company policies to ensure transactions are processed accurately and timely.

  • Maintaining appropriate supervisory reviews and reconciliations as part of day-to-day transactions such as systems postings of invoices and payments, ongoing billing, payroll processing, and treasury operations.

  • Implementing new company procedures and policy changes as business conditions warrant to ensure appropriate internal control and accuracy of client financial transactions.

  • Lead and develop a team of finance operations supervisors & managers to ensure client finance operations deliverables are completed promptly and accurately within service levels.

  • Coaching and supervising department managers to ensure daily and monthly tasks are completed accurately and timely within service levels.

  • Maintain staffing coverage and related contingencies to ensure on-time service delivery during periods of unexpected staff absences or transitions.

Qualifications

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  • A bachelor's degree in finance or accounting is required.

  • Minimum ten years of progressive accounting & finance experience within the Real Estate or Hospitality industry

  • Experienced in leading onshore and offshore teams and leading projects.

  • Strong verbal and written communication skills

  • Ability to perform with minimal supervision and make decisions independently.

  • Critical thinking, problem-solving, ability to perform with minimal supervision, and independent decision-making skills.

The Fair market Assumption for this role's base salary is between $160000 and $180000 annually.

The above salary range represents Cobalt's good faith and reasonable estimate of the possible base compensation range at the time of posting and is one part of the total rewards package this client provides to employees.

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