CHIEF FINANCIAL OFFICER

BH Properties; Los Angeles (CA); On-site; USD 225,000 - 300,000; Full time

Job summary

BH Properties, a leading commercial real estate investment firm, is seeking a Chief Financial Officer. This role will manage financial strategies, assist in acquisitions, and ensure compliance with financial regulations. Ideal candidates will have a strong background in real estate accounting and proven leadership skills, with an ability to work in a fast-paced environment.

Benefits

Excellent compensation package

Opportunity for growth and development

Qualifications

• 15+ years of experience in real estate accounting or related field.
• Familiar with the 1031 Exchange process.
• Experience in managing confidential information.

Responsibilities

• Manage cash flow projections ensuring availability of funds.
• Ensure timeliness and accuracy of financial reporting to banks.
• Participate in the preparation of the long-term financial plan.

Skills

Strong organizational skills

Effective communication

Ability to work independently

Ability to multitask

Strong work ethic

Education

Undergraduate degree in accounting or business-related field

CPA certification

Graduate degree

Tools

Yardi software

Microsoft Office Suite (Word, Excel, Outlook)

Job description

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, ground leases and affordable housing. The Company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Phoenix, Dallas, and Houston. Our 31-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

Los Angeles, CA

R ESPONSIBILITIES

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.

DUTIES :

• Manage cash flow projections ensuring availability of funds.
• Assist in managing Company relationships with banks, institutions and other financial partners along with assisting in identifying new lending sources.
• Participate with the Company's in-house finance team on all financings being considered.
• Ensure timeliness and accuracy of financial reporting to banks and other financial partners.
• Ensure compliance with loan covenants.
• Prepare and participate in financial presentations to banks and other financial partners.
• Propose action plans to ensure that financial objectives are attained.
• Assist in managing the balance sheet and revenues / expenses of the Company.
• Explore new investment opportunities and provide recommendations on potential risks and returns.
• Work with the senior leadership team in the preparation of the long-term financial goals, annual plans, budgets and projections.
• Leverage on past and existing networks to provide insight and recommendations to manage both short-term and long-term goals of the Company.
• Assist in developing a capitalization strategy for new acquisitions and existing owned assets.
• Create strategic initiatives that generate additional opportunities for the company through external relationships, which may include speaking engagements, and participation in select industry organizations / entities.
• Assess financial risks and recommend strategies to mitigate those risks.
• Respond to financial related questions from lenders, and other stakeholders.
• Partner with other internal departments to ensure that communications and presentation materials are accurate.
• Ensure budget and forecast models are accurate.
• Execute special projects and ad hoc analyses as needed.

QUALIFICATIONS :

Undergraduate degree required in accounting or business-related field

Both a CPA and graduate degree a plus

15 + 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 & financing

Familiar with the 1031 Exchange process

Experience in Yardi software a plus

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 (10%)

COMPENSATION

225,000-$300,000

We offer an excellent compensation package, an exciting opportunity, and the chance to grow and develop with a well-capitalized entrepreneurial investment group. For consideration, please submit resume with salary expectations. Resumes submitted with salary requirements will be considered first.