The Chief Financial Officer will be expected to provide business and operational analysis, strategic insight, and tactical financial support to be an effective business partner and trusted advisor to the CEO, senior management team and board to drive growth, profitability, cash flow generation and equity value creation. As a key member of the Senior Leadership team, the CFO will report to the CEO and assume a strategic role in the overall leadership and management of the company. The CFO will have primary day-to-day responsibility for leading, planning, implementing, managing, and controlling all financial and accounting related activities of the company.
Primary Duties & Responsibilities
Ensure Compliance with GAAP:
- Maintain and enforce compliance with Generally Accepted Accounting Principles (GAAP).
- Continuously monitor and update accounting policies and procedures to reflect current GAAP standards.
Audit Management:
- Oversee the preparation and completion of financial audits to ensure they are issue-free.
- Coordinate with external auditors to facilitate efficient and timely audit processes.
- Address and resolve audit findings promptly and effectively.
Timely Financial Closing:
- Ensure the monthly financial close is completed within 10 calendar days.
- Review and approve all closing activities, including account reconciliations and journal entries.
Monthly Financial Reporting:
- Guarantee that monthly financial reports are accurate and completed within 15 calendar days post-month-end.
- Present monthly financial statements to senior management and the board of directors.
Internal Controls and Risk Management:
- Develop and maintain robust internal controls to safeguard company assets and ensure financial integrity.
- Identify and mitigate financial risks through proactive risk management strategies.
Regulatory Compliance:
- Ensure compliance with all relevant financial regulations and reporting requirements.
- Stay informed on changes in financial regulations and update policies and procedures accordingly.
Tax:
- Oversee the preparation and filing of all tax returns, ensuring compliance with federal, state, and local tax laws.
- Develop tax strategies to optimize the company's tax position and minimize tax liabilities.
- Stay updated on changes in tax regulations and ensure timely implementation of necessary adjustments.
- Coordinate with external tax advisors and auditors as needed to ensure accurate and timely tax filings.
Financial Planning:
- Drive the financial planning of company projects by analyzing their performance and its risks. Conduct Proforma of projects as it relates to cash needs and interest sensitivity.
- Develop and implement systems and processes across all finance and accounting functions appropriate to the company’s structure and business model.
- Identify key financial levers in the businesses and augment existing metrics / KPIs (Key Performance Indicators) / dashboards that most effectively measure results.
- Develop an effective and efficient framework to strengthen and maintain the system of internal controls to ensure the integrity of the company’s financial reporting and related systems.
- Regularly assess organization performance against the budget and long-term plan. Provide relevant and actionable information.
- Implement benchmarking activities across the organization, encouraging best practices sharing, process improvement opportunities and cost savings while maintaining the right balance of centralized controls and entrepreneurship.
- Develop and implement a rigorous program for tracking progress on key investment projects and cost savings initiatives.
Risk Assessment:
- Monitor constant awareness of the company's financial position acting to prevent problems. Create a scorecard of risk exposure and how the company's performance to industry metrics. Create a management report that will track the company performance and exposure. Develop analytical models to project changes in company risk position given various scenarios.
- Develop an enterprise-wide strategy and framework that enables management to identify and effectively manage internal and external risks to Company objectives, including strategic, operational, legal, human resource, and financial reporting risks.
- Ensure appropriate monitoring activities, such as testing, auditing, and assessments, to ensure that appropriate enterprise risk responses, controls and preventive actions are in place.
- Serve on the Company’s Insurance Committee, which is charged with ensuring adequate protection against potential risks.
Corporate Governance:
- Review loan documents and create a schedule of lender compliance reporting. Identify requirements, thresholds, and frequency. Assign, review, and approve quarterly and annual bank compliance. Meet deadlines for submitting bank compliance certificates. Project Debt Coverage Ratio on major financing lines in between reporting period to assess problems early.
Bank Relationships:
- Monitor that draw fundings are in compliance with loan agreements. Ascertain that full funding is realized on every loan up to an agreed LTV (Loan to Value).
- Manage banking relationships. Take the lead in responding to inquiries and coordinating requests.
- Lead contact on bank line renewals. Determine deliverables and coordinate with the various company departments the gathering of information.
- Maintain banking relationships and seek new sources of financing for the various operating functions of the business (i.e., Land Development, Interim Construction, Permanent Financing).
- Maintain great relationships with bank lending officials and develop quarterly highlights of financial information with a narrative on the progress of the Company’s financial strategy.
- Work on preparing and submitting the CDFI application.
- Execute the Company’s fund-raising strategy.
Cash Management of Projects and Bank Lending Lines:
- Prepare forward-looking financial reports that highlight the financial needs of the company and present strategies to fund them.
- Monitor cash receipts of the various lines of business and create reports that can provide an early warning of departures from the norm.
- Calculate the Borrowing Capacity and the company’s level of debt in relation to the maximum.
- Calculate the cost of funds for each line of business for purposes of allocating cash.
- Develop and prioritize capitalization strategies, including leading capital raising activities, and manage the overall balance sheet to optimize cash flow and return on capital while maintaining financial flexibility.
Oversee Finance Staff:
- Set targets for and supervise performance of finance staff.
- Maintain Debt Summary and company financial liquidity.
- Oversee Land Development draws and report on the status project bank budgets.
- Preparation of Partner Personal Financial Statements.
- Oversee the Notice to Proceed process. Follow up on documents requests, budgets and appraisals.
Proforma:
- Prepare Proforma reports on proposed land development projects that calculate cash needs for budget purposes.
- Prepare Proforma analysis in evaluating competing projects for purposes of obtaining financing.
- Develop project KPI’s (Key Performance Indicators) to assess hurdle rate of return.
Banking Draws:
- Oversee the process of drawing on the Global/KKR draws on the rental facility.
- Oversee the process of drawing interim construction funds from the JPM Churchill line.
- Review Data Tape and Borrowing based on draws.
- Coordinate the response to inquiry from Global/KKR and JPM Churchill.
- Oversee and review the Land Development draw packages.
- Oversee the interim construction draw process from local banks.
Oversee Treasury Function:
- Oversee bank transfers.
- Oversee the mortgage remittance reconciliation (SN Servicing).
- Oversee the recording of payments and application to proper entities and projects.
- Oversee wire limits and access to online banking.
- Oversee all banking, lender, and investor relationships.
- Oversee cash management and forecasting.
- Foster the evaluation and implementation of tax optimization strategies.
IT Systems:
- Oversee the implementation, maintenance, and optimization of accounting and finance systems.
- Ensure the integrity, accuracy, and security of financial data within the systems.
- Identify and implement system enhancements to improve efficiency and support business growth.
Employee Training & Development:
- Daily Huddles.
- Weekly Dept Meeting with agenda.
- Monthly Manager’s Meetings.
- Reading Assignments.
- Monthly Goal Sessions.
- One Page Personal Plan for self and staff.
- Mentoring and training.
- Document new processes and procedures.
- Lead, mentor, and develop the accounting and finance team to achieve high performance.
- Foster a culture of continuous improvement and professional development within the team.
Education & Experience:
- Advanced Business Degree
- CPA
- Strategic, innovative, disciplined financial/ business leader.
- Well-rounded global financial professional, with strong leadership experience (Industrial based business).
- Analytical skills, communication skills, and operational experience.
- Influential person who will be able to work effectively with senior management, investors as well as suppliers.
- Experience as a public company CFO or “Number Two” finance executive preferred.
- Outstanding business acumen, analytical skills, high degree of intellectual curiosity, address complex business issues.
- Hands-on style, experience leading geographically dispersed teams.
- Strategic orientation, enterprise leader, key subject matter expert, functional leader.
- Strong M&A experience.
- Strong operating finance and planning skills.
- Deep exposure and experience in corporate finance.
- Building out/ managing IT function.
- CPA and/or MBA highly preferred.
What we provide:
- Competitive compensation
- Health Insurance, Vision, Dental, Life Insurance
- Short-Term Disability, Long-Term Disability
- PTO
- Gym
- Culture committee
- 401k
After finishing up the Application Form, please proceed to complete the Candidate Survey to continue on with the hiring process. You must complete the Candidate Survey in order to move on to the next hiring step.
Who We Are:
CooperZadeh LLC is a holding company that utilizes vertically integrated strategies to facilitate the acquisition, development, and management of real assets. CooperZadeh’s dynamic and forward-thinking approach to the real estate industry has helped to identify emerging opportunities and generate consistent value for its stakeholders.
CooperZadeh’s purpose is to change lives by helping fulfill the American Dream of living in a home. We believe our people play a major role in our success and follow 6 Core Values:
- Teamwork makes the dream work,
- Go All-In
- Always do the right thing,
- Sweat the small stuff,
- Create happy energy,
- Deliver WOW
We are proud to be an equal opportunity employer. CooperZadeh LLC highly respects and welcomes diversity and believes it to enhance the community we live and work in. Our applicants will not be considered for the positions based on their race, ethnicity, national origin, sex, sexual orientation, gender identity, age, disability, religion, or any other characteristic that is protected by the law.
