Lg Group
Description
LG Group is seeking a
Chief Financial Officer
to join our talented team! Everything we do is powered by our people. Our culture is founded on collaborative teamwork, the empowerment of our people, and employee experience focused on growth and development making LG a best-in-industry place to work. With a deep recognition that we will only go as far as our people will take us, we are committed to investing in our talent through consistent mentorship and continuous feedback with a focus on career growth through goal setting. At LG, we know a career is more than just a job, it’s the pursuit of passion. The
Chief Financial Officer (CFO)
serves as the strategic financial leader responsible for the financial strategy, management, and health of the company. The CFO provides leadership, direction, and management of the finance and accounting teams while overseeing all financial aspects of our development, construction, and design platforms providing critical insights to drive profitability, manage risk, and support the company\'s growth objectives. Responsibilities
KEY RESPONSIBILITIES Strategic Financial Leadership Develop and execute the company\'s financial strategy aligned with company core focus and business objectives Partner with CEO, COO, and executive team to drive strategic decision-making Identify opportunities for business growth, acquisitions, and new market entry Lead department strategic planning, capital planning, budgeting, and financial forecasting Financial Planning & Analysis Direct financial forecasting, budgeting, and long-term financial planning Establish KPIs to measure companywide financial performance Analyze and make recommendations on potential acquisitions, joint ventures, and new market opportunities Lead annual budgeting process for all company platforms and departments Monitor budget performance, analyze variances, and make recommendations to executive team Prepare documentation for company audits and tax filings and facilitate annual audit process Capital Management Manage relationships with financial institutions and sureties Negotiate and secure favorable credit facilities and financing terms for operating company credit lines and business loans Track operating company and development project loan balances, interest accruals, and repayment schedules Structure and secure debt financing for land acquisition and development projects Forecast capital requirements for pipeline development Manage bonding capacity to support construction project bidding requirements Financial Operations & Reporting Ensure accurate and timely financial reporting and analysis Direct company-wide cash flow management, forecasting, & treasury operations Manage operating cash reserves and forecast cash requirements for project and corporate operations Oversee accounting operations, including AP/AR, draw processing, payroll, and general ledger Implement efficient internal controls and financial systems with effective oversight of billing systems and payment collection procedures Monitor compliance with payment terms and contractual agreements Prepare financial statements and management reports and present to the executive team Ensure compliance with GAAP and industry accounting standards Project Cost Management Design financial systems for construction projects to assess profitability, support cost control systems, and inform company strategy Establish project financial expectations and goals in collaboration with estimating and operations teams Monitor real-time project profitability metrics, analyze project cost variance, and provide actionable feedback to project teams Audit contractual financial terms and conditions to ensure compliance with contract requirements Risk Management Develop and implement financial risk management strategies for development projects and construction operations Oversee insurance coverage for corporate operations and development properties Lead insurance program management and claims oversight Monitor market conditions and external partner financial stability and adjust financial strategies accordingly Ensure compliance with financial regulations and reporting requirements Tax Strategy & Compliance Direct tax planning and compliance and tax return preparation and filing Oversee property tax assessments and appeals Monitor tax implications for land development and property sales Manage relationships with tax authorities and external tax advisors Stay current on tax legislation affecting real estate and construction industry and provide updates to executive team Technology & Systems Drive implementation of financial systems tailored to company needs and designed to increase efficiency of financial processes Optimize project draw processes, cost tracking, and reporting capabilities Support integration between sales, operations, and accounting systems Joint Ventures & Investor Relations Develop a system for regular investor reporting and prepare professional presentations to communicate financial performance metrics to investors and partners Support capital raising activities with financial documentation Direct accounting for project partnerships and joint ventures and oversee profit/loss allocations according to partnership agreements Forecast promote interests and equity positions Execute capital calls, manage distributions, and perform waterfall calculations Portfolio Management Oversee asset management operations and staff and direct asset specific financial activities Develop portfolio strategy forecasts and performance metrics Track guarantee obligations and exposure across the portfolio Monitor retail lease enforcement and financial management Key Competencies
Real Estate Finance Expertise | Deep understanding of real estate valuation, financing structures, and investment analysis Strategic Vision | Ability to connect financial strategies with business objectives Deal Structure | Experience structuring complex real estate transactions Analytical Thinking | Strong analytical skills for financial modeling and forecasting analysis Leadership | Ability to build and manage high-performing finance teams Communication | Excellent verbal and written communication skills for presenting complex financial information Relationship Management | Strong ability to manage relationships with investors, lenders, and partners Risk Assessment | Expertise in identifying and mitigating financial risks Performance Metrics
Meet or exceed company financial targets (revenue, profit, cash flow) Cost of capital compared to industry benchmarks Accuracy of financial forecasting and budgeting Effectiveness of financial systems and processes Audit results and compliance ratings Team development and succession planning Reports To:
This role reports to the COO with support from the CEO. People Management : This role supervises the Controller and Director of Accounting for Development with indirect oversight of the Asset Manager. Travel Expectations : 10-15% LG Group is a full-service real estate development, construction, and design firm. LG Development is an integrated development company anchored by ingenuity, teamwork, and expertise. By assembling finance, design, marketing, leasing, and management teams under one roof, each phase of the development process blends seamlessly to provide a holistic approach, resulting in a higher-level of collaboration, innovative thinking, and risk management. LG Construction is a full-service construction company powered by collaboration, creativity, and resourcefulness. Our portfolio is diverse but focuses on hospitality, retail, core and shell, residential and multi-family. LG Design uses a project’s history, surroundings, and audience to create a sophisticated aesthetic that combines the latest design trends, best-in-class technology, and a thoughtful use of materials to elevate any space. LG GROUP IS AN EQUAL OPPORTUNITY EMPLOYER LG provides equal opportunity in all its employment practices to all qualified employees and applicants without regard to race, sex (including pregnancy and gender identity, and sexual orientation), color, religion, gender, national origin, age, mental or physical disability, marital status, military/veteran status, genetic information, or any other category protected by law. This policy applies to all aspects of the employment relationship, including but not limited to recruitment, hiring, job assignments, training, compensation, benefits, promotion, transfer, disciplinary action, or separation of employment. Qualifications
REQUIREMENTS Bachelor\'s degree in Finance, Accounting, Economics, or related field; MBA or CPA preferred 10+ years of progressive financial leadership experience, with at least 5 years in senior management Significant experience in real estate development, investment, or related industries Strong understanding of real estate finance, capital markets, and development economics Experience with complex financial modeling and pro forma analysis for real estate projects Knowledge of construction financing, equity partnerships, and joint ventures Excellent analytical and problem-solving skills Strong leadership, collaboration, and communication abilities
#J-18808-Ljbffr
Chief Financial Officer
to join our talented team! Everything we do is powered by our people. Our culture is founded on collaborative teamwork, the empowerment of our people, and employee experience focused on growth and development making LG a best-in-industry place to work. With a deep recognition that we will only go as far as our people will take us, we are committed to investing in our talent through consistent mentorship and continuous feedback with a focus on career growth through goal setting. At LG, we know a career is more than just a job, it’s the pursuit of passion. The
Chief Financial Officer (CFO)
serves as the strategic financial leader responsible for the financial strategy, management, and health of the company. The CFO provides leadership, direction, and management of the finance and accounting teams while overseeing all financial aspects of our development, construction, and design platforms providing critical insights to drive profitability, manage risk, and support the company\'s growth objectives. Responsibilities
KEY RESPONSIBILITIES Strategic Financial Leadership Develop and execute the company\'s financial strategy aligned with company core focus and business objectives Partner with CEO, COO, and executive team to drive strategic decision-making Identify opportunities for business growth, acquisitions, and new market entry Lead department strategic planning, capital planning, budgeting, and financial forecasting Financial Planning & Analysis Direct financial forecasting, budgeting, and long-term financial planning Establish KPIs to measure companywide financial performance Analyze and make recommendations on potential acquisitions, joint ventures, and new market opportunities Lead annual budgeting process for all company platforms and departments Monitor budget performance, analyze variances, and make recommendations to executive team Prepare documentation for company audits and tax filings and facilitate annual audit process Capital Management Manage relationships with financial institutions and sureties Negotiate and secure favorable credit facilities and financing terms for operating company credit lines and business loans Track operating company and development project loan balances, interest accruals, and repayment schedules Structure and secure debt financing for land acquisition and development projects Forecast capital requirements for pipeline development Manage bonding capacity to support construction project bidding requirements Financial Operations & Reporting Ensure accurate and timely financial reporting and analysis Direct company-wide cash flow management, forecasting, & treasury operations Manage operating cash reserves and forecast cash requirements for project and corporate operations Oversee accounting operations, including AP/AR, draw processing, payroll, and general ledger Implement efficient internal controls and financial systems with effective oversight of billing systems and payment collection procedures Monitor compliance with payment terms and contractual agreements Prepare financial statements and management reports and present to the executive team Ensure compliance with GAAP and industry accounting standards Project Cost Management Design financial systems for construction projects to assess profitability, support cost control systems, and inform company strategy Establish project financial expectations and goals in collaboration with estimating and operations teams Monitor real-time project profitability metrics, analyze project cost variance, and provide actionable feedback to project teams Audit contractual financial terms and conditions to ensure compliance with contract requirements Risk Management Develop and implement financial risk management strategies for development projects and construction operations Oversee insurance coverage for corporate operations and development properties Lead insurance program management and claims oversight Monitor market conditions and external partner financial stability and adjust financial strategies accordingly Ensure compliance with financial regulations and reporting requirements Tax Strategy & Compliance Direct tax planning and compliance and tax return preparation and filing Oversee property tax assessments and appeals Monitor tax implications for land development and property sales Manage relationships with tax authorities and external tax advisors Stay current on tax legislation affecting real estate and construction industry and provide updates to executive team Technology & Systems Drive implementation of financial systems tailored to company needs and designed to increase efficiency of financial processes Optimize project draw processes, cost tracking, and reporting capabilities Support integration between sales, operations, and accounting systems Joint Ventures & Investor Relations Develop a system for regular investor reporting and prepare professional presentations to communicate financial performance metrics to investors and partners Support capital raising activities with financial documentation Direct accounting for project partnerships and joint ventures and oversee profit/loss allocations according to partnership agreements Forecast promote interests and equity positions Execute capital calls, manage distributions, and perform waterfall calculations Portfolio Management Oversee asset management operations and staff and direct asset specific financial activities Develop portfolio strategy forecasts and performance metrics Track guarantee obligations and exposure across the portfolio Monitor retail lease enforcement and financial management Key Competencies
Real Estate Finance Expertise | Deep understanding of real estate valuation, financing structures, and investment analysis Strategic Vision | Ability to connect financial strategies with business objectives Deal Structure | Experience structuring complex real estate transactions Analytical Thinking | Strong analytical skills for financial modeling and forecasting analysis Leadership | Ability to build and manage high-performing finance teams Communication | Excellent verbal and written communication skills for presenting complex financial information Relationship Management | Strong ability to manage relationships with investors, lenders, and partners Risk Assessment | Expertise in identifying and mitigating financial risks Performance Metrics
Meet or exceed company financial targets (revenue, profit, cash flow) Cost of capital compared to industry benchmarks Accuracy of financial forecasting and budgeting Effectiveness of financial systems and processes Audit results and compliance ratings Team development and succession planning Reports To:
This role reports to the COO with support from the CEO. People Management : This role supervises the Controller and Director of Accounting for Development with indirect oversight of the Asset Manager. Travel Expectations : 10-15% LG Group is a full-service real estate development, construction, and design firm. LG Development is an integrated development company anchored by ingenuity, teamwork, and expertise. By assembling finance, design, marketing, leasing, and management teams under one roof, each phase of the development process blends seamlessly to provide a holistic approach, resulting in a higher-level of collaboration, innovative thinking, and risk management. LG Construction is a full-service construction company powered by collaboration, creativity, and resourcefulness. Our portfolio is diverse but focuses on hospitality, retail, core and shell, residential and multi-family. LG Design uses a project’s history, surroundings, and audience to create a sophisticated aesthetic that combines the latest design trends, best-in-class technology, and a thoughtful use of materials to elevate any space. LG GROUP IS AN EQUAL OPPORTUNITY EMPLOYER LG provides equal opportunity in all its employment practices to all qualified employees and applicants without regard to race, sex (including pregnancy and gender identity, and sexual orientation), color, religion, gender, national origin, age, mental or physical disability, marital status, military/veteran status, genetic information, or any other category protected by law. This policy applies to all aspects of the employment relationship, including but not limited to recruitment, hiring, job assignments, training, compensation, benefits, promotion, transfer, disciplinary action, or separation of employment. Qualifications
REQUIREMENTS Bachelor\'s degree in Finance, Accounting, Economics, or related field; MBA or CPA preferred 10+ years of progressive financial leadership experience, with at least 5 years in senior management Significant experience in real estate development, investment, or related industries Strong understanding of real estate finance, capital markets, and development economics Experience with complex financial modeling and pro forma analysis for real estate projects Knowledge of construction financing, equity partnerships, and joint ventures Excellent analytical and problem-solving skills Strong leadership, collaboration, and communication abilities
#J-18808-Ljbffr