Corporate Finance Manager - Vaco, LLC
Ontario, CA 91764
About the Job
Reporting to the Chief Financial Officer, the Corporate Financial Manager will be responsible for assisting in activities that support the financial reporting of Frontier’s portfolio under the direction of the CFO and Corporate Controller. Responsibilities include compiling the data that reflects the different aspects of a property’s life cycle, from its initial operations to stabilized operations through the review of property financial statements. As knowledge and skills grow, the Corporate Financial Manager will gradually take on responsibilities with greater complexity.
DUTIES AND RESPONSIBILITIES:
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Preparing and Consolidating budgets for homebuilding, apartments, industrial and commercial assets
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Preparing and consolidating cashflows for homebuilding, apartments, industrial and commercial assets
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Preparing and consolidating proformas for homebuilding, apartments, industrial and commercial assets
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Roll up of each asset class into an enterprise financial
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Preparing bank profomas, presentations and loan recaps
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Work with broker on presentation of commercial assets for sale and/or lease
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Work with management company on budgets and analysis of results
• Participate in meetings/calls with team members, property management, investors, service providers, outside counsel, and others.
• Respond to internal and external inquiries in a timely, accurate, and professional manner.
• Perform timely review and analysis of property-level financial data, including proformas, annual operating budgets, monthly financial statements, residual receipts analysis, year-end audited financial statements, and tax returns.
• Work with Corporate Controller to assess operational or other property issues and monitor watch list properties.
• Review vendor bids and reconcile them to financials/budgets.
• Utilize advanced Excel skills for pivot tables and trend analysis and create comprehensive reporting on Key Performance Indicators (KPIs) that guide informed decision-making.
• Prepare residual receipts/cash flows, waterfall calculations based on annual audited financials, and CPI increases.
• Understanding of real estate accounting principles and financial reporting procedures with the ability to analyze variances.
• Timely and organized database input and maintenance.
• Coordinates and communicates with other project teams within Frontier.
• Cross-train in other department areas to gain full understanding of all aspects of departmental responsibilities.
• Other job duties or special projects as needed. Success will be dependent on the candidate’s ability to thrive in an environment that is highly entrepreneurial, strategic, and creative which requires rapid learning, managing multiple priorities, and executing under tight deadlines.
QUALIFICATIONS:
1.
Bachelors degree plus 5-years’ experience in finance departments in real estate
2.
Must have ability to build and coordinate budgets, cashflows and proformas
3.
Must have the ability to consolidate budgets, cashflows and proformas and roll up asset classes
4.
Must have experience in working with 3rd party consultants
EDUCATION, EXPERIENCE, KNOWLEDGE
• Strong analytical and quantitative skills with emphasis on financial analysis.
• Knowledge of property management and real estate investment management software.
• Knowledge of low-income housing tax credit programs is a plus.
• Professional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, and punctuation).
• An excellent customer service attitude demonstrated by an ability to produce high-quality deliverables in an accurate and timely manner.
• Strong computer literacy is required, particularly regarding spreadsheet and word processing applications such as Microsoft Excel, Word, Outlook, and PowerPoint.
• Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities.
• Ability to learn quickly and demonstrate ability to work independently and as part of a high-performance team.
• Willingness to provide feedback and ideas on how to improve the properties.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.