VP Finance and Accounting

Houston, Texas Permanent USD175,000 - USD225,000 per year View Job Description
Reporting to the Principal of this Houston area real estate firm, the Director / VP of Finance will be responsible for the entire Finance and Accounting function. This will include but not limited to FP&A, Accounting, and support projects as directed by senior leadership.
  • Lead Finance team at growing real estate investment firm
  • Hiring their first in house senior finance leader

About Our Client

Our client is a privately held commercial real estate investment and development firm focused on deep value creation for their investors and partners. The company is respected for their innovative investment approach in the multifamily sector across the Southeast US / Sunbelt markets.

Job Description

Our client is seeking a strategic, operational, growth-minded, and process-oriented Director / VP of Finance. Reporting to founders of the firm the VP of Finance will be a key member of leadership team with full responsibility for all finance and accounting operations. The VP of Finance will implement structure around existing and new accounting processes, while not being afraid to challenge the status quo. The Firm has ambitions to grow their portfolio in 2024 and this is a key hire to support this growth.Primary Responsibilities include but are not limited to:

  • Oversee budgeting, forecasting, and variance analyses for the fund/portfolio
  • Maintenance of books and records, recording of transactions and accruals, and oversee all aspects of accounting, including treasury, financial reporting, and balance sheet management.
  • Provide GAAP guidance and support within the company; provide recommendations to leadership as needed
  • Review monthly and quarterly account reconciliations and other documents to ensure records adhere to company policies and GAAP
  • Assist in identification and underwriting of new investment opportunities
  • Establish and maintain relationships with key capital markets firms. Lead and track equity and debt financing activities.
  • Oversee lender reporting and compliance, oversee team tracking and adherence to reporting deadlines
  • Drive continuous improvement with financial reporting accuracy through ongoing reconciliation and variance analysis reporting.
  • Lead and execute ad-hoc projects and analyses as directed by senior leadership



MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

Bachelor's degree in Finance, Accounting or related fields with 10+ years of relevant finance experience. Other key qualities:

  • CPA and/or Masters strongly preferred.
  • Strong understanding of real estate investment ventures and the real estate development process
  • Transaction Experience: Significant experience in real estate transactions, including acquisitions, dispositions, financing, and joint ventures.
  • Fund experience: financial management of real estate investment funds, including fund accounting, budgeting, and reporting. Implemented fund-level financial strategies to optimize performance and returns. Managed fund cash flow, including capital calls, distributions, and liquidity management. Prepared and reviewed quarterly and annual financial statements for multiple funds.
  • Monitored and managed fund-level risks, including market, credit, and operational risks.
  • Led the valuation process for fund assets, ensuring accurate and timely reporting.
  • Process improvement minded professional who is always looking to improve efficiency and accuracy of the finance function.
  • Excellent analytical skills with a strong understanding of real estate multifamily financial metrics. Understands internal/external market activity and knowledgeable on overall housing market trends
  • Experience supporting fund raising for various real estate investment vehicles a plus.

Local candidates only please; this position will be in office but can be based in Houston, TX OR Austin, TX

What's on Offer

As this is a newly created position our client is committed to hiring the right individual versus someone who sit in a defined salary band however they expect to pay roughly $170,000 - $225,000 depending on experience. This position will be bonus eligible and have access to other long term incentives. Opportunity to have a high visibility position and make an immediate impact to a growing team! Please note that this position can be based in Houston, TX or Austin, TX

Contact
Nick Walker
Quote job ref
JN-072024-6492467

Job summary

Sector
Accounting
Sub Sector
Financial Director / CFO
Industry
Property
Location
Houston
Contract Type
Permanent
Consultant name
Nick Walker
Job Reference
JN-072024-6492467