Job Title
CRE CFO
Location
Great Neck, NY
TBD
Job Description:
We are seeking a highly experienced CFO with Private Equity Real Estate experience that can deliver exceptional returns for its owners and investors, while safeguarding downside. The ideal candidate will have a minimum of 10 years' experience in commercial real estate finance with deep rooted attention to the needs of owners and investors, leading the finance & accounting team, strong fundraising capital market relationships as well as experience with investor relations are integral, all within the context of a GP/LP Promote and Waterfall Private Equity environment. Background in construction budgeting is a plus.
The successful candidate will have exceptional analytical skills, a keen ability to underwrite and negotiate acquisitions and development projects, as well as a proven ability to build, lead & grow the finance & accounting team under the umbrella of advanced Enterprise level technology such as Yardi Voyager. Exceptionally strong relationships with the capital markets- both equity and debt,- are a plus. The CFO will ensure all financial reports are prepared accurately and on time.
Key Responsibilities:
- Oversee all financial operations of the company, including budgeting, forecasting, financial reporting, and cash management.
- Build World Class lasting infrastructure that can help generate secure and high level IRRs for investors.
- Manage construction budgets and spends for development projects and acquisitions.
- Work closely with senior management to underwrite acquisitions and development projects, providing detailed financial analysis and recommendations.
- Build and manage strong banking relationships to ensure adequate financing for development projects and acquisitions.
- Manage and grow the accounting team, providing leadership, guidance, and support to ensure accurate and timely financial reporting.
- Ensure compliance with all financial regulations, laws, and reporting requirements.
- Develop and implement financial policies and procedures to ensure effective financial management.
- Work closely with the CEO and other members of the senior management team to develop and implement the company's strategic plan.
- Identify and implement opportunities for cost savings and operational efficiencies.
- Build and maintain strong relationships with partners and investors, ensuring effective communication and timely reporting.
- Prepare and deliver presentations to investors on real estate transactions and market trends.
Qualifications:
- Minimum of 10 years' experience in a similar role within commercial real estate finance
- Private Equity / REIT Fund Management a plus, not a requirement.
- Strong background in construction, with experience managing construction budgets and spending.
- Highly analytical with a strong ability to underwrite acquisitions and development projects.
- Proven track record of building and managing strong banking relationships.
- Proven track record within a GP/LP model reporting/managing and IRRs to investors.
- Experience managing and growing accounting teams.
- Strong knowledge of Yardi Voyager, or similar
- Capital Markets background (preferred)
- Bachelor's or Master’s degree in finance, Accounting, or related field
- Excellent written and verbal communication skills.
- Ability to work well under pressure and meet tight deadlines.
- Strong organizational and time-management skills
- High level of integrity and accountability
Accounting Team Management:
- Manage and grow the accounting team, providing leadership, guidance, and support to ensure accurate and timely financial reporting.
- Ensure that all financial reports are prepared accurately and on time and provide analysis and recommendations to senior management as needed.
- Monitor accounting processes and systems to identify areas for improvement and implement changes as necessary.
Strategic Planning:
- Work closely with the CEO and other members of the senior management team to develop and implement the company's strategic plan.
- Identify and implement opportunities for cost savings and operational efficiencies.
- Provide financial analysis and recommendations to senior management to support business decisions.
About Us:
We are a real estate Private Equity Fund that specializes in acquiring opportunistic value-add assets and distressed commercial real estate debt across the United States. Our hands-on team delivers impressive returns to our investors through meticulous underwriting, prudent risk management, and a proactive approach to asset management.
Our asset class focus includes, Single and Multi-Tenant Industrial Portfolios, Multifamily Development & Purchase of Commercial Non-Performing Notes.
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