Financial Operations Manager

2 weeks ago

Arlington, Virginia, United States Morgan Stephens Full time
About Morgan Stephens

Morgan Stephens is a nationwide real estate platform that focuses on acquisition, asset management, property management, and development. We own and manage diverse properties, including 8,000+ affordable housing units.

Job Summary

We are seeking a highly skilled and ambitious Financial Operations Manager to join our team. As a key member of our financial operations team, you will oversee financial operations, mentor staff, and ensure compliance and accuracy in reporting.

Key Responsibilities
  • Coordinate and communicate with the Controller to develop department goals and prioritize projects.
  • Closely coordinate with other department leaders to ensure responsibilities are clearly understood and stated goals are being met.
  • Identify opportunities for efficiencies, and in partnership with other departments, streamline workflows to maximize productivity while focusing on desired outcomes.
  • Effectively communicate and interact with various levels of management and external stakeholders.
  • Coordinate activities among all Morgan Stephens departments, to include Property Management, Compliance, National Maintenance, Acquisitions, Asset Management, and Technology.
  • Ensure staff have the resources necessary for successful performance of their duties.
  • Oversee, train, and troubleshoot the various software used for AR, AP, and financial reporting activity. To include exploring additional functions, features, and improvements that can be adopted.
  • Develop, implement, and maintain all procedures and policies related to property management accounting functions.
  • At direction of the Controller, establish and manage national accounts and services that agree with our overall strategic direction for vendor and banking relationships.
  • Coordinate planning and filing of annual financial audits, including HUD and tax credit investor reporting.
  • Implement recommendations for process improvements based on audit findings.
  • Validate financial data and present financial reports in an accurate and timely manner to senior management, HUD, and/or other industry partners as needed.
  • Ensure timely and accurate processing of invoices, payments, and tenant billings in compliance with internal control and approvals procedures.
  • Monitor property cash flow, coordinating with the Controller and other departments to resolve identified challenges and ensure compliance with cash plans.
  • Work with other departments to obtain necessary information and ensure a proper recording and onboarding of any new acquisitions or loans.
  • Understand and abide by HUD and other business partner financial and compliance guidelines.
  • Understand and oversee macro workings of property management system (Yardi) and ensure that all ledgers and financial statements are reporting accurate information.
  • Perform monthly and year-end closing procedures.
  • Properly store records and reports in designated electronic file management systems.
  • Work with external partners and internal tax teams to ensure timely completion and filing of income tax returns.
  • Maintain vigilance for any potential fraud and/or noncompliance with company and government guidelines.
  • Maintain financial controls and procedures to safeguard company assets, immediately reporting any suspected fraud or internal control deficiency to the Controller, CFO, or other company executive.
  • Develop department staffing plans. To include current and future resource allocation.
  • Assist the Controller in preparation of the department budget.
  • Hire, train, supervise, and mentor accounting staff, providing ongoing guidance and support as needed.
  • Prepare/conduct annual performance reviews.
Why Morgan Stephens

Morgan Stephens' approach is simple: we invest in our people. Our culture emphasizes long-term career development. We provide continuous job-specific training, resources, and support to maximize our Teammates' learning opportunities, making them our most valuable asset.

Benefits & Perks
  • Company Culture
  • 10 holidays per year
  • Paid Time Off (PTO)
  • Medical, dental & vision insurance
  • Basic life insurance & supplemental benefits
  • HSA/FSA
  • Employee Assistance Program (EAP)
  • 401(k) Plan
  • Other rewards throughout the year
How We Hire

Morgan Stephens is committed to finding the best talent to embody our Credo and grow with the Company. Our hiring timeline may vary based on the position you're applying for.

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