Director/VP of Financial Reporting
L+M Development Partners LLC, an established residential developer/builder, has an excellent opportunity for a Director/VP of Financial Reporting, reporting directly to the CFO. The Director/VP will have primary responsibility for preparing and ensuring the accuracy of all corporate financial statements. In addition, the Director/VP will provide strategic support and financial reporting to senior management, maintain policies and procedures, oversee covenant compliance, and provide required reporting to lenders and investors. The Director/VP will be expected to partner with other accounting staff and senior management to implement structure around existing and new accounting processes, while not being afraid to challenge the status quo.
At L+M Development Partners, working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve.
Founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 55,000 high-quality residential units in construction or that have been acquired, preserved, or completed.
Please visit our website for more information: http://lmdevpartners.com. To learn more about our mission and values, go to https://lmdevpartners.com/mission-and-values/.
Areas of Responsibilities & Job Requirements:
Financial Statement Preparation
- Lead the preparation and ensure the accuracy of financial statements for our corporate entities in accordance with GAAP and company policies
- Manage the quarter-end and year-end close processes, ensuring timely and accurate reporting for corporate entities
- Provide schedules and support for quarterly financial statement reporting package
- Ensure that all transactions are properly accounted for and disclosed under GAAP
- Record entries in the primary accounting system for various types of recurring activity
- Coordinate with external audit firm during annual audit processes, and ensure footnotes for corporate audits are provided as needed
- Maintain the company’s tracker of corporate contingent liabilities
Oversight and Advisory
- Partner with business unit team members and leadership to provide GAAP guidance and support on accounted related matters of business transactions
- Conduct research on technical GAAP accounting issues and material business issues and prepare memoranda regarding accounting and tax impacts
- Contribute to the company’s corporate accounting policy and procedures
- Monitor corporate cash balances, perform near-term cash flow projections to ensure consistently sufficient corporate liquidity, and initiate movements of cash as needed
- Oversee administration of the primary accounting system
- Oversee financial administration of the company’s 401k program
External Reporting
- Track reporting deliverable deadlines in a systematic manner, and provide required financial reporting to lenders, guarantee beneficiaries, and owners
- Track and monitor compliance with financial covenants, including determining and creating policies designed to ensure the company proactively maintains compliance at all times
- Coordinate with internal tax staff and external tax firms to ensure accurate and timely completion of corporate tax returns
Internal Reporting
- Assist in building the corporate budget and provide quarterly variance analyses
- Develop consolidated financial reporting on our expense and revenue across affiliates and between multiple accounting software platforms used across the companies
- Constantly evaluate the financial reporting needs of the company’s business leads, and work to transform our accounting data to be able to meet those needs
- Develop and implement process improvements to enhance efficiency and effectiveness in financial reporting operations
- Collaborate with cross-functional teams to improve and report on our corporate financial data and ensure consistency and accuracy in reporting
- Prepare monthly, quarterly and ad-hoc management reporting packages
Knowledge, Skills, and Abilities:
- Experience with Sage Intacct and Yardi accounting systems preferred
- Experience with accounting for a general contractor or real estate developer preferred
- Willingness to embrace complexity and thrive on new challenges
- Self-motivated and proactive with an established track record of getting things done effectively and independently
- Comfortable navigating and analyzing transaction legal documents, financial projections and financial reports
- Strong organizational skills and the ability to work under pressure
- High level of attention to detail and accuracy
- Excellent problem solving / judgment skills
Educational Requirements:
- BS in Accounting
- CPA required
Years of Industry Experience Required:
- 10+ years of relevant experience within the real estate industry
L+M offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.
L+M is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Other details
- Job Family LMDP Accounting
- Pay Type Salary
- Min Hiring Rate $180,000.00
- Max Hiring Rate $240,000.00