VP or Director, Finance

5 hours ago

Austin TX United States The New Home Company Inc. Full time

New Home Co. is a new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes in major metropolitan areas in Arizona, California, Colorado, Oregon, Texas, and Washington. NEW HOME was named 2019 Builder of the Year by Professional Builder and is a multi-year recipient of "The Eliant" for Best Overall Customer Experience in the multi-divisional builder segment.

At New Home Co., we believe that PEOPLE matter. The strength of our homes is built upon a foundation of focused, energized, visionary and dedicated team members. Our goal is to provide a workplace that supports you in doing the best work of your life.

Position Job Title : VP or Director, Finance

FLSA Status : Salary Exempt

Position Summary

The Director, Finance is instrumental in supporting the Division President in managing the financial operations of the division and preparing key information for company-wide business plans and forecasts. Responsibilities include managing the budgeting and forecasting process for the division, assisting with underwriting, providing project data for corporate forecasting and reporting, cash management and ad hoc financial analyses and requests.

Specific Job Duties

  1. Business Plan / Forecasting:
    • Assemble current project timelines, budgets, cash flows and other data necessary to update project level business plans with the assistance of Project Management.
    • Distribute project plans to division managers for review, comment and approval.
    • Consolidate project plans into division plan. Review and provide to Division President for review, comment and approval.
    • Provide division plan to Corporate for review.
    • Provide additional support to corporate by summarizing key assumptions used in project forecasts, analyzing key variances from prior forecasts, and providing ad hoc reporting requests.
  2. Operations:
    • Compose and type routine correspondence, including letters, contracts, addendums, purchase orders and change orders.
    • Answer and screen incoming telephone calls, assist callers whenever possible by providing appropriate information and taking messages as necessary.
    • Open, sort and distribute mail on a daily basis.
    • Provide leadership to team members by modeling the company values, vision and operating principles.
    • Assist A/P and Trade Partners with billing issues.
    • File documents as necessary.
  3. Reporting:
    • Prepare written monthly project status reports that highlight key project financial measures and any changes to budgets and timelines for Operational Reviews with Senior Executives.
    • Prepare and distribute monthly Equity partner reporting packages.
    • Prepare and distribute monthly sales reports for lenders.
  4. Land Acquisition:
    • Assist in underwriting process by providing financial analysis support and sensitivities within underwriting model.
    • Upon approval of projects, coordinate with Land Acquisition department and assume responsibility for project budgets and assumptions.
    • Coordinate with Accounting regarding matters related to entity formation and system setup.
    • Track relevant land acquisition dates and assist in closing purchase transactions.
    • Monitor all new projects and anticipate pending financing requirements.
  5. Cash Management:
    • Coordinate with accounting regarding cash management. Ensure that capital calls, loan draws and closing proceeds are adequate to meet project cash needs.
    • Compile and package all information necessary for loan and/or equity request packages, as needed.
    • Coordinate the efforts of lenders, appraisers, attorneys, title, escrow and Subsidiary personnel to ensure the timely approval and funding of new requests.
    • Coordinate with lenders, partners and Company personnel to ensure timely funding.
  6. General Duties & Responsibilities:
    • Assist with other special projects, reports and analyses as directed by management.
    • Model New Home Co.'s vision, values and working principles.

Managerial Responsibility

Does this position supervise other employees? No

Position Qualifications

Education

  • Bachelor’s degree in accounting and/or financial analysis

Experience

  • 4-8 years of experience in accounting and/or financial analysis
  • Prior construction, homebuilding, or real estate experience preferred

Skills

  • Advanced Excel skills required. Financial modeling, VBA, macros, and complex formulas capabilities strongly preferred.
  • Detail-oriented with strong organizational skills.
  • Excellent analytical and problem solving skills.
  • Strong verbal and written communication skills required.
  • Ability to interact with and maintain good working relationships with company personnel, lenders, equity partners and consultants.
  • Ability to exercise good judgment in handling multiple priorities and open-ended tasks and keeping management apprised as to issues and status.
  • Pleasant, professional demeanor.
  • Ability to perform the essential functions of the job.

Base Salary: The expected base salary range for this position is between $160,000 to $200,000 per year, depending on experience and skillset. Base Salary is paid bi-weekly, every other Friday. Additionally, this position is eligible for an annual bonus based on divisional and individual performance.

Benefits: In addition to competitive medical, dental and vision coverage, New Home Co. provides comprehensive benefits to eligible team members and their dependents, generous paid time off policies, like vacation, holidays, sick leave, jury duty, and bereavement; paid disability, parental and military leave; company-sponsored and voluntary term life, AD&D, and short- and long-term disability insurances; a 401(k) retirement plan with bi-weekly employer matching of 50% up to the first 8% of team member contributions; as well as a wellness incentive program.

The physical demands described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Similarly, the work environment characteristics described are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Activities

The activities that are essential to performing the position duties include:

  • Bending
  • Lifting: From 1 (lbs) to 15 (lbs)
  • Reaching
  • Seeing: Full Color Vision
  • Hearing
  • Repetitive Motion (i.e. Gripping)
  • Typing
  • Talking

Environmental Factors

The environmental factors involved with the job duties and work location include:

  • Normal Office

Noise Level: Low to Moderate (Corporate/Sales Office Environment)

New Home Co. retains the discretion to add or change job duties at any time.

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