Chief Financial Officer

Bh Properties - Plano, TX

Full-time - Executive

Plano, TX

Real Estate

About the position

The Chief Financial Officer (CFO) at BH Properties will play a crucial role in the financial management of the company, overseeing cash flow, financial reporting, and compliance with loan covenants. This position requires collaboration with various departments, including Finance, Asset Management, and Acquisitions, to support the company's financial objectives and explore new investment opportunities.

Responsibilities

• 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.
• Ensure timeliness and accuracy of financial reporting to banks and other financial partners.
• Ensure compliance with loan covenants.
• Prepare and conduct 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 long-term financial goals, annual plans, budgets, and projections.
• Leverage 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.

Requirements

• Undergraduate degree required in accounting or business-related field.
• 15+ years of experience in real estate accounting or related field.
• Experience in Yardi software is 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.

Nice-to-haves

• Both a CPA and graduate degree are a plus.

Benefits

• Excellent compensation package
• Opportunity for growth and development within a well-capitalized entrepreneurial investment group