VP of Finance

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.
Requirements and Skills:
  • 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).
Benefits:
  • Medical
  • Dental
  • Vision
  • Short Term Disability
  • Life Insurance
  • 401K - Safe Harbor Retirement Plan
  • Paid PTO
  • Competitive Base Salary and Bonus
Apply Now
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