BH Properties is Hiring a Chief Financial Officer Near Plano, TX
CHIEF FINANCIAL OFFICER www.bhproperties.com COMPANY BH Properties is a privately held commercial real estate investment firm focused on value-add acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. The Company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Phoenix, Dallas, and Houston. Our 30-year track-record and balance sheet allow us to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. Today, the Company owns nearly 100 properties representing approximately 10M square feet across 18 states. LOCATION Dallas, TX
RESPONSIBILITIES This role will be highly visible and integral to the financial management of the Company, working with and supporting other departments including Finance, Asset Management and Acquisitions.
Essential Duties
Manage the balance sheet and revenues/expenses of the Company;
Seek ways to reduce costs, enhance tax protection and manage the AP/AR functions:
Create strategic initiatives that generate more business opportunities for the company through external relationships, speaking, active in potential referral organizations/entities, networking;
Assess financial risks and recommend strategies to mitigate those risks;
Propose new strategies to successfully enable the achievement of the Company's vision and long-term goals
Responsible for leading and preparing monthly, quarterly and annual financials, property accounting, budgeting and reporting process, and forecasting
Financial planning through financial modeling and analysis
Monitoring the financial performance of the Company
Respond to financial related questions from lenders, and other stakeholders.
Partner with other internal departments to ensure that communications and presentation materials are accurate.
Oversee the month-end close, CAM reconciliation, and ensuring propriety and timeliness of payments to vendors and billings to tenants.
Review the general ledger and analysis of financial accounts.
Oversee the 'budget - to actual' variance analysis
Ensure budget and forecast models are accurate.
Execute special projects and ad hoc analyses as needed.
Other Duties Financial Reporting & Management
Prepare and monitor Company cash flow projections for multiple operating entities
Cash management for multiple operating entities
Financing
Partner with the Company's internal finance team
Participate in the review of closing statements on proposed transactions
Familiar with the acquisition and disposition process including experience with 1031 exchanges
Participate in the closing of all loan transactions
Income Tax Returns
Assist in coordinating with outside accounting firm to ensure tax returns are filed timely
Ensure that estimated taxes, business taxes, and other taxes are paid timely
QUALIFICATIONS:
Undergraduate degree required in accounting or business-related field
Both a CPA and graduate degree a plus
10 years of experience in real estate accounting or related field.
Likely candidate will have come through an accounting or finance background with an understanding of real estate debt markets
Experience in Yardi software
Demonstrated ability to maintain confidentiality
Strong organizational skills, including the ability to prioritize and multi-task
Advanced knowledge of Microsoft Office Suite, including Word, Excel, and Outlook
Ability to communicate effectively and professionally within all levels of the organization and externally with lenders and other outside parties
Ability to work independently and with minimum supervision
Ability to work in a fast-paced entrepreneurial environment
Must possess a strong work ethic
Must be a team player
Travel required (20%)
COMPENSATION We offer an excellent compensation package, an exciting opportunity, and the chance to grow and develop with a well-capitalized entrepreneurial investment group. For immediate consideration please submit resume with salary expectations. Resumes submitted with salary requirements will be considered first.