Director/VP of Financial Strategy
1 month ago
Director/VP of Financial Strategy & Operations New York, NY, USA Req #328
Tuesday, October 29, 2024
L+M Development Partners LLC, an established residential developer/builder, has an excellent opportunity for a Director/VP of Financial Strategy & Operations, reporting directly to the CFO. The Director/VP will have primary responsibility for leading the budget and forecasting process, and communicating this information to the Company’s senior leadership. This role is expected to understand the underlying drivers of our P&L and be able to clearly tell the story about where we are headed in the near term and what we can do to improve our position in the long term. The Director/VP will provide both operational and strategic support to the company from a financial perspective.
At L+M Development Partners, working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve.
Founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 55,000 high-quality residential units in construction or that have been acquired, preserved, or completed.
Areas of Responsibilities & Job Requirements:
Forecasting and Business Planning
Lead the company’s long-term financial forecasting process by coordinating with all departments to determine future revenue and expense projections, capital needs, and cash flows Develop a comprehensive multi-year projection model down to net cash flow, including projections of both Book/GAAP Income and Taxable Income
Coordinate with business teams to track anticipated incoming and outgoing cash flows for predevelopment expenditures, investments, loans and other activities
Produce consolidated projections on a quarterly basis
Lead the annual budget and business plan process and related presentation materials for senior leadership, collaborating with accounting teams and business teams to ensure cohesive presentation of business plans and reforecasts
Prepare consolidated monthly management reporting packages for the senior management team, communicating budget performance, key metrics, revenue, and EBITDA analysis at business line levels and consolidated level
Develop and maintain models to evaluate profitability of business lines, and collaborate with business teams to provide fact-based recommendations for improving profitability
Improve operating teams’ understanding of financial statements and budget adherence with thoughtful and transparent analysis and reporting
Maintain and provide portfolio investment information to aid in the completion of business forecasts and other planning deliverables
Reporting and Investor & Lender Relations
Maintain list of corporately owned investments and entities, and coordinate with other internal teams to ensure ownership is correctly reflected in our systems
Develop and maintain project-level financial analyses of corporate financial performance across business lines, and maintain our historical financial track record information
Assist investors/lenders in their underwriting and recurring reviews of our business and corporate financials
Create investor/lender decks, deal case studies and other presentation materials, and assist with ad hoc investor/lender information requests
Assist in the management and oversight of select investment vehicles, including fund level waterfall calculations, capital call calculations, and distribution amount calculations
Perform valuations of investments as needed
Financial Operations
Identify opportunities to design new and/or refine existing analyses and processes to improve the business’ operational capacity over time, including automation of reporting from various internal software platforms and creation of financial and operational reporting dashboards
Develop and manage a consolidated approach to treasury management and cash management across all companies, including the creation of policies and procedures
Lead special projects related to financial operations across the company, including treasury and financial/accounting infrastructure and methods
Contribute to deal structuring process, including providing input on considerations related to legal entities, taxes, and operational efficiency
Develop a risk framework for the company and assist in the management of risk committee
Assist with presentations for senior leadership, including gathering data, formulating analyses and analytics, and explaining trends and results
Assist with onboarding new software platforms and maintaining data accuracy in onboarded software
Analyze and provide recommendations for interest rate hedging when appropriate
Knowledge, Skills, and Abilities:
Strong financial modeling skills (Excel)
Ability to produce board-level presentation materials in Powerpoint
Experience with corporate budgeting and forecasting software preferred
Experience with Power BI preferred
Experience with Treasury/Cash Management preferred
Willingness to embrace complexity and thrive on new challenges
Extremely versatile, accustomed to “wearing many hats” and shifting between them
Ability to work in a dynamic environment that requires execution of recurring deliverables as well as projects and initiatives in support of a growing business
Self-motivated and proactive with an established track record of getting things done effectively and independently
Comfortable navigating and analyzing transaction legal documents, financial projections and financial reports
Strong organizational skills and the ability to work under pressure
High level of attention to detail and accuracy
Excellent problem solving / judgment skills
Educational Requirements:
BS in Finance, Real Estate, or Engineering preferred
MBA preferred
Years of Industry Experience Required:
8+ years of relevant experience
L+M offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.
L+M is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Disclaimer : Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
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