Chief Financial Officer – Real Estate

Job title:

Chief Financial Officer – Real Estate

Company

Grassi

Job description

Grassi’s client, a Real Estate company specializing in affordable housing located in Glen Cove, NY is seeking an experienced Chief Financial Officer to join their growing team.The Chief Financial Officer (CFO) is a member of the executive leadership team and has overall responsibility for the finance and financial strategy the company. Working as a collaborative leader, the CFO is responsible for managing and reporting on all fiscal affairs of the organization, including reporting to investors, lenders, grantors and government agencies; cash and investment management; budgeting and forecasting and managing the day-to-day operations of the accounting department. The CFO recommends the financial strategy for reaching the organization’s goals while monitoring and analyzing financial results.Primary Responsibilities:

• Oversee organizational budgeting, accounting and cash management to ensure accurate reporting, interpretation and analysis of financial results in conjunction with forecasts and long-range plans.
• Manage oversight of all operational banking relationships and corporate borrowing arrangements.
• Oversee day-to-day operations that includes, but is not limited to, month/year end close, accounts receivable & payable, general ledger, payroll, invoicing, cash receipts and disbursements.
• Establish policies and procedures, assures that appropriate records are maintained in accordance with professional practices and HUD regulations.
• Ensure accounting and financial systems are maintained in accordance with Generally Accepted Accounting Principles (GAAP) and establishes and maintains appropriate internal controls to ensure compliance with applicable federal, state, and local laws and regulations and procedures.
• Maintain a system of effective internal controls with timely and accurate recording of transactions and distribution of financial reports.
• Work collaboratively with management to review potential acquisitions, debt, equity and public subsidy proposals and partnership/operating agreements.
• Review and support the evaluation and management of development and asset management related activities.
• Develop and implement strategies to optimize the organization’s financial health and advise on risk management.

Skills Required:

• Bachelor’s Degree in Finance or Accounting required. Advanced degree or certifications preferred.
• 10+ years of experience and knowledge with real estate accounting and finance, preferably in residential and/or affordable housing.
• Knowledge of the state General Statutes, HUD Financial Accounting Requirements, HUD notices and regulations, and Generally Accepted Accounting Principles.

Expected salary

Location

Glen Cove, NY

Job date

Sun, 20 Oct 2024 07:58:27 GMT

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