Chief Financial Officer

20/20 Foresight Executive Talent Solutions; Philadelphia (Philadelphia County); On-site; USD 250,000 - 350,000; Full time

Job summary

20/20 Foresight Executive Talent Solutions seeks a Chief Financial Officer to lead accounting, finance and reporting for a 20k-unit workforce housing portfolio. You will oversee consolidation, fund accounting, tax matters and audits with a hands-on, strategic mindset.

The role requires 18+ years in accounting/finance, 5+ years in senior leadership, and strong Real Page/MRI experience. Expect collaboration with asset management, property management and partners in a fast-paced environment.

Qualifications

• Bachelor’s degree in accounting, finance, or related field.
• CPA strongly preferred.
• 18+ years of progressive accounting/finance experience, with at least 5 years in a senior leadership role with a proven track record of managing scale.
• Prior CFO/CAO experience or equivalent responsibilities.
• Significant experience in real estate accounting, preferably multifamily or workforce housing.
• Strong command of US GAAP and US tax regulations.
• Proficiency in Real Page and/or MRI.
• Demonstrated ability to lead and develop accounting teams in a fast-paced, high-volume environment.
• Experience overseeing outsourced teams, including fund administrators, offshore entities and auditors.
• Experience building and/or improving processes for greatest efficiency

Responsibilities

• Oversee monthly consolidation and financial reporting for all entities and subsidiaries.
• Review property-level reports and present findings to leadership.
• Ensure all financial entries roll up accurately to upper-tier entities.
• Review and sign off on Funds' NAV quarterly.
• Coordinate with Fund Administrator and third-party administrators for trial balances.
• Maintain oversight of day-to-day accounting functions and monthly reporting.
• Ensure bank reconciliations for venture and upper-tier entities.
• Oversee bank transactions in Real Page.
• Provide accruals to Fund Administrator regularly.
• Oversee month-end close and budgeting in coordination with Controller.
• Reconcile investor capital accounts and review closing statements for GAAP compliance.
• Coordinate with valuators for annual property-level valuations.
• Provide property-level trial balances for RECAP transactions.
• Post monthly cap rate adjustments; manage fund accounting.

Skills

Leadership

Financial analysis

GAAP knowledge

Process optimization

Cross-functional collaboration

Team development

Education

Bachelor’s degree in accounting/finance

CPA

Tools

Real Page

MRI

Job description

Company

The Company has a wholly owned Property Management Company and Construction Services Company. The Property Management Company is one of the fastest growing companies in the Mid-Atlantic, with 20k multifamily units. As a "Best in Class" organization that provides excellent customer service and value for its residents, the organization works closely with the Construction Services Company to execute on modern interior finishes and added capital improvements.

Position

The Chief Financial Officer (CFO) serves as the senior financial leader of the firm, overseeing the accounting, finance and reporting functions across the 20k-unit workforce housing portfolio. This role is responsible for the integrity of financial operations at both the asset and entity levels, ensuring accurate reporting, sound internal controls, and coordination across fund administration, tax, and investor relations. The CFO reports directly to the CEO/Principal and works closely with Asset Management, Property Management, and the Firm's Partners. The CFO will manage four direct reports: the Operating Company Controller, the Property and Venture Accounting Controller, the Head of Fund Management and the Director of Tax; the overall team includes 18 employees. While this role requires senior level oversight, it also requires a hands on, "roll up your sleeves" mentality and function. The ideal candidate will bring a focus on process and technology to improve efficiencies along with the necessary timely, detail orientation.

Responsibilities

Financial Reporting & Consolidation

• Oversee monthly preparation of consolidated financial statements for all entities and subsidiaries at the venture level


• Review and analyze monthly property-level reports across the portfolio and present findings to leadership


• Ensure all financial entries roll up accurately to upper-tier entities


• Review and sign off on all Funds' NAV on a quarterly basis


• Provide property-level trial balances to the Fund Administrator (Catalyst) and third-party administrators

Accounting Operations

• Maintain full oversight of day-to-day accounting functions and ensure timely monthly financial reporting


• Ensure proper bank reconciliation of all accounts at the venture level and upper-tier entities on a monthly basis


• Oversee bank transaction entry for all accounts in Real Page


• Upload and reconcile distribution files received from third-party administrator SEI, SRS


• Provide accruals to the Fund Administrator on a regular and timely basis


• Oversee month-end close and financial reporting/budgeting in coordination with the Controller and Management

Fund & Investor Accounting

• Reconcile investor capital accounts with closing statements across all funds


• Review closing statements for each property and ensure all entries are recorded on a GAAP basis


• Coordinate with third-party valuators to obtain annual property-level valuations required under GAAP for Fund Audits


• Provide property-level trial balances for RECAP transactions


• Post monthly cap rate adjustment/derivative entries for each property

Transactions & Asset Management Support

• Coordinate with the firm's Partners and Asset Management on all accounting and tax matters related to property acquisitions and dispositions


• Review purchase price allocations (PPA) and adjust books accordingly


• Perform due diligence review of closing documents for M&A transactions


• Coordinate with lenders and service providers; manage waterfall escrows and draw requests for TI, capital expenditures, and leasing commissions

Audit, Tax & Compliance

• Coordinate with external auditors to ensure audits are completed accurately and on schedule


• Coordinate with tax accountants to ensure corporate and partnership tax returns are prepared and filed timely


• Prepare schedules and supporting documentation as requested by auditors and tax advisors


• Establish and maintain proper internal controls to safeguard company assets and ensure compliance with corporate policies

Treasury

• Manage cash management and treasury, especially in a changing environment


• Oversee third party AP manager and outsourced team in India

Qualifications

Required

• Bachelor’s degree in accounting, finance, or related field


• CPA strongly preferred


• 18+ years of progressive accounting/finance experience, with at least 5 years in a senior leadership role with a proven track record of managing scale


• Prior CFO/CAO experience or equivalent responsibilities


• Significant experience in real estate accounting, preferably multifamily or workforce housing


• Strong command of US GAAP and US tax regulations


• Proficiency in Real Page and/or MRI


• Demonstrated ability to lead and develop accounting teams in a fast-paced, high-volume environment


• Experience overseeing outsourced teams, including fund administrators, offshore entities and auditors.


• Experience building and/or improving processes for greatest efficiency


• Experience with fund-level accounting and third-party fund administrators