Company:
Bonney Staffing
Location: Cleveland
Closing Date: 02/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Compensation: $120-150k
A leading commercial development company is seeking a Vice President of Finance interested in working with the finance and executive team on a fast-growing commercial real estate portfolio. If you have a background in commercial real estate finance, strong banking relationships, and the ability to execute financing transactions, we'd love to hear from you.
Responsibilities:
- Assist the finance department in developing and executing the financial strategy, with a focus on optimizing banking relationships and facilitating loan transactions to support long-term growth and sustainability.
- Cultivate and maintain strong relationships with financial institutions, negotiate favorable terms, and ensure access to necessary financial resources.
- Oversee the process of securing loans, including negotiation, due diligence, documentation, and closing, to meet the organization's financial needs.
- Participate in the budgeting and forecasting processes, ensuring alignment with organizational goals and objectives.
- Provide in-depth financial analysis, including variance analysis and performance metrics, to guide decision-making.
- Identify financial risks and implement strategies to mitigate them, with a focus on loan-related risks.
- Assist in preparing accurate and timely financial statements, reports, and presentations for internal and external stakeholders.
- Ensure compliance with all financial and accounting regulations, including loan agreements and covenants.
- Assist in managing the organization's capital structure, including debt and equity financing, to optimize the cost of capital.
- Provide financial recommendations to senior management, including investment opportunities, cost reduction strategies, and business development initiatives.
- Contribute financial and accounting information, analysis, and recommendations to strategic thinking and direction; establish functional objectives in line with organizational objectives.
- Evaluate trends, establish critical measurements, and determine production, productivity, quality, and customer-service strategies.
- Study economic trends and revenue opportunities; project acquisition and expansion prospects; analyze organization operations; identify opportunities for improvement, cost reduction, and systems enhancement.
- Develop financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; developing action plans.
- Monitor financial performance by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances.
- Maximize return on invested funds by identifying investment opportunities; maintaining relationships with the investment and lending community.
- Update job knowledge by remaining aware of new regulations; participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
- Accomplish finance and organization mission by completing related results as needed.
- Minimum seven years of experience in Commercial Real Estate finance.
- Bachelor's degree in finance, accounting, or a related field. Master's degree preferred.
- Strong business acumen.
- Strong knowledge of financial regulations, reporting, and best practices, particularly as they relate to loans and banking relationships.
- Highly organized with the ability to manage multiple transactions.
- Advanced capabilities for reporting, analyzing, and presenting financial data related to transactions.
- Ability to understand and explain complex deal structures.
- Ability to research and interpret market conditions.
- Excellent written and verbal communication skills.
- Strong presentation skills.
- Proficiency in MS Office (Teams, Word, Excel, and MS Outlook and CoStar).
- Medical
- Dental
- Vision
- Short Term Disability
- Life Insurance
- 401K - Safe Harbor Retirement Plan
- Paid PTO
- Competitive Base Salary and Bonus
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Bonney Staffing