Vice President of Finance

3 weeks ago


Beverly Hills, United States CRE Recruiting, Inc Full time
Job Description
Our client, a growing real estate owner/investor/developer with $500M+ AUM, seeks a detail-oriented, experienced, and proactive Vice President of Finance & Accounting to establish a best-in-class, institutional grade back-office with systems, processes, and platforms to help scale their expanding portfolio.

The ideal candidate has 10+ years of experience in auditing for Big 4 accounting firms supporting real estate clients, or experience working in a similar real estate private equity or family office environment. They're a subject matter expert with full ownership of finance and accounting, reporting directly to firm leadership.

The VP of Finance & Accounting has three main areas of responsibility: accounting, compliance, and reporting. Initially, the role will focus on the implementation of real estate accounting best practices and technologies to level up the finance & accounting function.

This is a newly created role, as the firm is choosing to bring this function in-house after receiving support from a subsidiary company. The position is located in the firm's Beverly Hills office, which is highly productive & collaborative, and back to working in-house full-time.

A day in the life of the successful VP of Finance & Accounting includes, but is not limited to:

  • Preparing joint-venture level financial statements and property-level financial statements as well as consolidated statements for investors
  • Reviewing financial statements prepared by 3rd parties
  • Preparing cash flow projections, budgets, draw schedules, capital calls, and distributions
  • Coordinating variance analysis and document differences between actual and budget
  • Additional Responsibilities include:
    • Debt Compliance
    • Property-level debt and equity tracking
    • Capital account tracking and reconciliation
    • Corporate and property-level financial analysis
    • Budgeting/forecasting
    • Ownership of K1 process along with their preferred vendor


Requirements

The ideal Vice President of Finance & Accounting possesses the following characteristics or experiences:
  • 10+ years of accounting experience focused on the real estate industry, fund and/or property accounting experience, big 4 background
  • CPA preferred, but not required
  • Bachelor's degree in accounting, Finance, or related
  • Proficient in Microsoft Excel
  • Ability to multi-task and collaborate across departments


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