Senior Financial Operations Manager
6 days ago
Clear Investment Group: A Leading Investment Management Firm
We are seeking a highly skilled and detail-oriented Senior Financial Operations Manager to join our team at Clear Investment Group. This role will play a critical part in overseeing the financial operations of our firm, including managing all accounting functions, ensuring accurate financial reporting, and leading the month-end closing process.
About Us
Clear Investment Group is a renowned investment management firm specializing in the acquisition and stabilization of distressed Class C workforce housing assets. Our mission is to provide affordable and quality housing while achieving strong financial returns for our investors. We leverage our expertise in property management, renovation, and financial oversight to turn around underperforming assets.
Job Overview
This position requires comprehensive knowledge of Yardi Voyager and strong variance analysis skills, along with the implementation of systems and processes around accounting functions. The ideal candidate will have a Bachelor's degree in Accounting or a related field, preferably with 5-7 years of progressive accounting experience in real estate or investment management.
Key Responsibilities
- Financial Management:
- Oversight of day-to-day accounting operations, including accounts payable, accounts receivable, general ledger, and payroll.
- Ensure accurate and timely financial reporting in compliance with GAAP and company policies.
- Successful onboarding of new firm assets.
- Month-End Close Process:
- Leadership and management of the month-end close process, ensuring all financial transactions are recorded accurately and timely.
- Preparation and review of journal entries, account reconciliations, and financial statements.
- Ensuring the integrity and accuracy of financial data in Yardi Voyager.
- Variance Analysis:
- Conducting detailed variance analysis to compare actual performance against budget and prior periods.
- Identification and explanation of significant variances, providing insights and recommendations for improvement.
- Collaboration with property management teams to understand operational drivers behind financial performance.
- Budgeting and Forecasting:
- Assistance in preparing annual budgets and periodic forecasts.
- Monitoring financial performance against budgets and forecasts, providing regular updates to senior management.
- Internal Controls and Compliance:
- Development, implementation, and maintenance of robust internal controls to safeguard company assets and ensure accurate financial reporting.
- Ensuring compliance with all relevant regulatory requirements and company policies.
- System Utilization:
- Optimization of the use of Yardi Voyager for financial reporting and analysis.
- Training and support of staff in the effective use of the Yardi Voyager system in conjunction with the in-house Yardi expert.
- Team Leadership:
- Supervision and mentorship of accounting staff, providing guidance and professional development opportunities.
- Fostering a collaborative and high-performance team environment.
- Compliance and Reporting:
- Ensuring company-wide compliance with all accounting procedures.
- Leadership of the monthly GL close-out process to ensure timely and accurate financial reporting.
- Management and communication of company cash positions to senior leadership.
- Preparation of financial statements for management, including quarterly investor reports, individual property financial analyses, pro forma financials, and expense variances.
- Oversight of an accounting team of three, ensuring the accuracy of their work, including AP/AR, cash reconciliation, booking of management fees, and CAM reconciliation.
Salary Information
The estimated salary for this position is $180,000 per year, commensurate with experience, plus benefits. Benefits include health and dental insurance, 401(k) with company match, paid time off and holidays.
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