Finance Analyst - New Home Co.

New Home Co. is a new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes in major metropolitan areas in Arizona, California, Colorado, Oregon and Washington. NEW HOME was named 2019 Builder of the Year by Professional Builder and is a multi-year recipient of "The Eliant" for Best Overall Customer Experience in the multi-divisional builder segment.

At New Home Co., we believe that PEOPLE matter. The strength of our homes is built upon a foundation of focused, energized, visionary and dedicated team members. Our goal is to provide a workplace that supports you in doing the best work of your life. 

Check out NWHM's 2023 Corporate Sustainability Report 

Position Job Title: Finance Analyst

FLSA Status: Salaried Exempt

Objective

The position will provide vital support to the division finance lead in managing the financial operations of the division and preparing key information for company-wide business plans and forecasts.  Responsibilities include managing the budgeting and forecasting process for the Southern California division, providing project data for corporate forecasting and reporting, supporting the Southern California division operations with financial data and insight,  and completing ad hoc financial analyses and requests.

Specific Job Duties

Business Plan / Forecasting

• Work with cross-functional division management to assemble current project timelines, budgets, cash flows and other data necessary to update project level forecasts.
• Work with the division finance lead to review and consolidate project forecasts using Excel and Workday Adaptive Planning and Forecasting EPM Software
• Provide additional support to division finance lead by summarizing key assumptions used in project forecasts, analyzing key variances from prior forecasts, and completing ad hoc reporting requests.
• Design, create, and manage forecasting review tools and reports to guide business planning at the division level
• Gain a basic understanding of the land acquisition underwriting model and work closely with land acquisition teams to accurately forecast prospective projects.

• Assist division finance lead in conducting monthly budget meetings with key managers to review project timelines, budget, and cash flow assumptions. Provide analytical support and propose revisions to budgets and cash flow forecasts.
• Work with sales managers to forecast sales, closings and revenues,prepare sales release pricing analyses and approvals, and collect competitor and market data to support sales and marketing strategies
• Collaborate with division finance lead to improve operational, market, and financial data used by division team.
• Work with corporate land and finance teams to manage land bank draws, land takedowns, and cash management
• Support the greater finance and accounting teams in working to improve processes, improve cross-functional communications, and building efficiencies within the organization.

• Assist division finance lead to prepare key project financial measures and any changes to budgets and timelines for operational reviews with senior executives.
• Prepare month end variance analysis including gross margin variances on homes closed and in backlog
• Build an in-depth understanding of the company accounting systems and other information systems
• Assist division finance lead to ensure compliance with internal controls  and documentation

Managerial Responsibility

Does this position supervise other employees?  No          

Position Qualifications

Education 

• Bachelor’s degree in accounting and/or financial analysis

Experience

• 2-5 years of experience in accounting and/or financial analysis 
• Prior construction, homebuilding, or real estate experience preferred

Skills

• Advanced Excel skills required.  Financial modeling, VBA, macros, and complex formula capabilities strongly preferred. 
• Experience with Workday Adaptive Planning and Forecasting EPM Software or similar forecasting tools
• Detail-oriented with strong organizational skills.
• Excellent analytical and problem solving skills.
• Strong verbal and written communication skills required.
• Ability to interact with and maintain good working relationships with company personnel, lenders, equity partners and consultants.
• Good judgment in handling multiple priorities and open-ended tasks and keeping management apprised as to issues and status.
• Pleasant, professional demeanor.

Base Salary: The expected base salary range for this position is between $80,000 to $95,000 per year, depending on experience and skillset. Base Salary is paid bi-weekly, every other Friday. Additionally, this position is eligible for an annual bonus based on divisional and individual performance.

Benefits: In addition to competitive medical, dental and vision coverage, New Home Co. provides comprehensive benefits to eligible team members and their dependents, generous paid time off policies, like vacation, holidays, sick leave, jury duty, and bereavement; paid disability, parental and military leave; company-sponsored and voluntary term life, AD&D, and short- and long-term disability insurances; a 401(k) retirement plan with bi-weekly employer matching of 50% up to the first 8% of team member contributions; as well as a wellness incentive program.

The physical demands described below are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Similarly, the work environment characteristics described are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Activities

The activities that are essential to performing the position duties include:

•  Bending
•  Lifting: From 1 (lbs) to 15 (lbs)
•  Reaching
•  Seeing: Full Color Vision
•  Hearing
•  Repetitive Motion (i.e. Gripping)
•  Typing
•  Talking 

Environmental Factors

The environmental factors involved with the job duties and work location include:

Normal Office

Noise Level: Low to Moderate (Corporate/Sales Office Environment)

New Home Co. retains the discretion to add or change job duties at any time.