Sbhonline
Chief Financial Officer (CFO)
Location:
Newark, NJ Position Type:
Full-Time Schedule:
Monday–Friday, Standard Business Hours Salary:
DoE
Position Summary We are seeking an experienced and strategic Chief Financial Officer (CFO) to oversee all financial operations across a multi-entity, multi-property real estate portfolio. This role is responsible for full financial leadership, including cash management, accounting oversight, reporting, compliance, and coordination with external accountants, banks, and partners.
The CFO will play a critical role in maintaining financial integrity, optimizing operations, supporting ownership with clear reporting, and ensuring timely execution of all financial obligations. This position requires deep real estate accounting experience, strong leadership, and the ability to manage complex financial structures with precision.
Key Responsibilities Financial Leadership & Strategy
Oversee all financial operations across multiple properties and entities
Maintain accurate, timely financial records and reporting
Develop and maintain clear monthly, quarterly, and annual financial reporting packages
Serve as the primary financial liaison to ownership, banks, and external accountants
Banking & Cash Management
Oversee all bank accounts and monitor daily balances
Ensure adequate liquidity and proper cash allocation
Perform and review monthly bank reconciliations for all accounts
Payroll Oversight
Coordinate payroll processing with third-party payroll provider
Ensure payroll accuracy, compliance, and timely processing
Manage monthly payroll bill-backs between affiliated entities
Tenant Bill-Backs & Reconciliations
Oversee tenant bill-backs on a monthly, quarterly, and annual basis
Manage year-end reconciliations for CAM, utilities, insurance, real estate taxes, and related expenses
Accounts Receivable (A/R)
Oversee rent collection through physical checks, ACH, and RentCafe
Ensure accurate posting of receipts into Yardi
Oversee monthly tenant invoicing via Yardi Breeze
Accounts Payable (A/P)
Oversee processing of all invoices across entities
Ensure accurate entry of invoices into Yardi
Review and approve A/P schedules prior to payment processing
Insurance, Compliance & Controls
Ensure all insurance premiums are paid timely
Ensure leasing commissions are paid accurately and on time
Maintain strong internal controls and compliance across all financial operations
General Ledger & Recordkeeping
Oversee maintenance of general ledgers for each property and management entity
Ensure all financial and tenant records are properly maintained in Yardi, Dropbox, and internal systems
Financial Reporting Prepare and oversee delivery of:
Monthly P&Ls per property (with quarterly budget comparisons)
Monthly portfolio-level P&Ls and YTD reporting
Monthly balance sheets per property and portfolio
Quarterly management company P&Ls
Month-End & Year-End Close
Oversee month-end close on a cash basis
Manage year-end close, including GL tie-outs and adjustments
Provide trial balances and financials to external accountants
Oversee preparation and distribution of K-1s to property owners
Mortgages, Taxes & Fees
Ensure all mortgage payments are made and properly recorded
Set up recurring wires where necessary
Ensure real estate taxes are paid for applicable properties
Calculate and prepare monthly management fee schedules
Utilities, Development & Special Projects
Ensure utilities are paid and recorded accurately across all properties
Oversee payment of development-related expenses per contractual requirements
Track and properly allocate acquisition-related costs
Bill partners quarterly for shared acquisition expenses
Credit Card Oversight
Review and approve all credit card charges
Ensure timely payment of balances
Allocate expenses correctly across entities
External Relations
Respond to bank requests for financial documentation
Work closely with external accountants on audits and tax filings
Access & Authority
View-only access to all bank accounts (no check signing or fund transfers)
Qualifications
Extensive experience in senior-level accounting or financial leadership
Strong real estate accounting background required
Proficiency with Yardi (Breeze or Voyager preferred)
Advanced Excel and financial reporting skills
Experience managing multi-entity, multi-property portfolios
Highly organized, detail-oriented, and dependable
#J-18808-Ljbffr
Newark, NJ Position Type:
Full-Time Schedule:
Monday–Friday, Standard Business Hours Salary:
DoE
Position Summary We are seeking an experienced and strategic Chief Financial Officer (CFO) to oversee all financial operations across a multi-entity, multi-property real estate portfolio. This role is responsible for full financial leadership, including cash management, accounting oversight, reporting, compliance, and coordination with external accountants, banks, and partners.
The CFO will play a critical role in maintaining financial integrity, optimizing operations, supporting ownership with clear reporting, and ensuring timely execution of all financial obligations. This position requires deep real estate accounting experience, strong leadership, and the ability to manage complex financial structures with precision.
Key Responsibilities Financial Leadership & Strategy
Oversee all financial operations across multiple properties and entities
Maintain accurate, timely financial records and reporting
Develop and maintain clear monthly, quarterly, and annual financial reporting packages
Serve as the primary financial liaison to ownership, banks, and external accountants
Banking & Cash Management
Oversee all bank accounts and monitor daily balances
Ensure adequate liquidity and proper cash allocation
Perform and review monthly bank reconciliations for all accounts
Payroll Oversight
Coordinate payroll processing with third-party payroll provider
Ensure payroll accuracy, compliance, and timely processing
Manage monthly payroll bill-backs between affiliated entities
Tenant Bill-Backs & Reconciliations
Oversee tenant bill-backs on a monthly, quarterly, and annual basis
Manage year-end reconciliations for CAM, utilities, insurance, real estate taxes, and related expenses
Accounts Receivable (A/R)
Oversee rent collection through physical checks, ACH, and RentCafe
Ensure accurate posting of receipts into Yardi
Oversee monthly tenant invoicing via Yardi Breeze
Accounts Payable (A/P)
Oversee processing of all invoices across entities
Ensure accurate entry of invoices into Yardi
Review and approve A/P schedules prior to payment processing
Insurance, Compliance & Controls
Ensure all insurance premiums are paid timely
Ensure leasing commissions are paid accurately and on time
Maintain strong internal controls and compliance across all financial operations
General Ledger & Recordkeeping
Oversee maintenance of general ledgers for each property and management entity
Ensure all financial and tenant records are properly maintained in Yardi, Dropbox, and internal systems
Financial Reporting Prepare and oversee delivery of:
Monthly P&Ls per property (with quarterly budget comparisons)
Monthly portfolio-level P&Ls and YTD reporting
Monthly balance sheets per property and portfolio
Quarterly management company P&Ls
Month-End & Year-End Close
Oversee month-end close on a cash basis
Manage year-end close, including GL tie-outs and adjustments
Provide trial balances and financials to external accountants
Oversee preparation and distribution of K-1s to property owners
Mortgages, Taxes & Fees
Ensure all mortgage payments are made and properly recorded
Set up recurring wires where necessary
Ensure real estate taxes are paid for applicable properties
Calculate and prepare monthly management fee schedules
Utilities, Development & Special Projects
Ensure utilities are paid and recorded accurately across all properties
Oversee payment of development-related expenses per contractual requirements
Track and properly allocate acquisition-related costs
Bill partners quarterly for shared acquisition expenses
Credit Card Oversight
Review and approve all credit card charges
Ensure timely payment of balances
Allocate expenses correctly across entities
External Relations
Respond to bank requests for financial documentation
Work closely with external accountants on audits and tax filings
Access & Authority
View-only access to all bank accounts (no check signing or fund transfers)
Qualifications
Extensive experience in senior-level accounting or financial leadership
Strong real estate accounting background required
Proficiency with Yardi (Breeze or Voyager preferred)
Advanced Excel and financial reporting skills
Experience managing multi-entity, multi-property portfolios
Highly organized, detail-oriented, and dependable
#J-18808-Ljbffr