Vice President of Finance and Accounting

Job Description
VICE PRESIDENT OF FINANCE AND ACCOUNTING

Are you a hands-on real estate accounting professional passionate about organization, meeting deadlines and being a trusted resource? Does the idea of working directly with ownership and sharing reliable information sound appealing? Our client, an awarding winning leading real estate development and investment firm, is seeking an experienced real estate Vice President of Finance and Accounting to join their team!

Highlights

• Be seen and be heard - work closely with top management and the owners!
• Become part of a company in business for over 35 years.
• Onsite position located in Chicago.
• Join a dynamic team comprised of goal-oriented professionals.

How You'll Contribute

• Manage the accounting department and oversee the accounting operations of all entities.
• Issue timely and complete financial statements.
• Monitor quarterly and annual lender compliance requirements. submit reports accordingly.
• Review agreements, closing statements, and coordinate final wire transactions.
• Oversee investor capital accounts and basis schedules, coordinate with investor relations for timely distribution of financial reports to investors, Calculate waterfall schedules for significant transactions and coordinate distributions with investors in accordance with the terms of the LLC Agreements.
• Coordinate annual budget preparation, including final sign-off of new billing estimates, Prepare budget to actual analyses monthly.
• Provide financial analyses, in particular for capital investments, pricing decisions, and contract negotiations.
• Provide strategic tax planning over significant transactions in coordination with external tax preparers and legal advisors, review and oversight of the monthly real estate tax calendar.
• Oversee management of new buildings, accounts, etc. in the general ledger system.
• Ensure compliance with joint venture reporting requirements.
• Manage bank accounts, ensure monthly bank accounts are reconciled monthly.
• Monitor Cash on weekly basis.
• For development properties placed into service, coordinate cost segregation study with external accounting firms to facilitate placing a property into service under IRS rules.
• Review of Draw Budgets and reconciliation to Capital structure of the entity for development projects at the start of the project as well as participation in monthly reviews and monthly payment of development fees to the management company.
• Review Fixed Asset Schedule as part of monthly close procedures, review depreciation in accordance with income tax basis of accounting.
• Review LLC Agreements to ensure appropriate compliance with allocation of net income/loss provisions as well as IRS Tax basis reporting.
• Oversight of human resources including setting up new hires in Bamboo
  
  HR system, reviewing and processing onboarding documentation, and setting up company benefits.
• Oversight of Yardi software including the setting up of new users, assigning permissions to users, approving new vendors, troubleshooting issues before reaching out to the Yardi tech team, and preparing monthly construction accruals for the development of projects.

Experience and Skills
Who You Are

• Bachelor of Science degree in accounting, Masters or MBA preferred.
• CPA certification required.
• 10 plus years of accounting work experience with at least 5 years of experience in a senior role with duties including budget, FP&A, revenue generation, cost reduction.
• Experience with commercial real estate development or similar preferred.
• Proficiency in Sage and Yardi Kube strongly preferred.

EQUAL OPPORTUNITY EMPLOYER

Individual salaries that are offered to a candidate are determined after consideration of numerous factors including internal equity, market data, the candidate's qualifications- including but not limited to specialty skills, prior relevant industry experience, relevant degrees or certifications (e.g., CPA, JD). The salary range estimate below is inclusive of all departments within the company and offered salaries may vary within the given range between departments.

A reasonable estimate of the base salary range for this level is $150,000 annualized plus additional compensation and other competitive benefits.