ABOUT THE COMPANY
In business for over 75 years, Commerce Properties owns and manages some of Portland’s finest apartment properties including Vista St. Clair, Oriel, Celio, and Summer Creek. They also own two retail centers, Apple Way Corner and Apple Way Market. Commerce Properties is a value-based organization that lives by 4 values: Integrity, Do It Right, Service, and Economic Stewardship. These values guide how they treat people and determine how they make decisions, interact with others, and plan for the future.
Commerce Properties runs the company using the Entrepreneurial Operating System. This is a comprehensive proven process for delivering both company effectiveness and individual job satisfaction. They want everyone to know where we’re going, why, and how they fit in.
ABOUT THE ROLE
Operations oriented Chief Financial Officer (CFO) to direct the organization's financial planning and accounting practices as well as its relationship with lending institutions, shareholders, and the financial community. This position also oversees the financial activities of the organization, including the preparation of current financial reports and summaries and creates forecasts predicting future growth. This job description reflects the principal functions, knowledge and skills required. The CFO must perform all tasks that management determines are essential to the operation of the company and appropriate for this position.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- A key member of the Executive Leadership team participating in identifying and executing quarterly, one year and three-year goals.
- Provide leadership, management, and accountability to the accounting team. Create, coordinate, and evaluate the financial programs and supporting information systems of the company to include budgeting, tax planning, real estate, and conservation of assets. Responsible for identifying and implementing emerging technologies to improve productivity and accuracy of corporate data.
- Oversee the approval and processing of revenue, expenditure, department budgets, project budgets, ledger, and account maintenance and data entry.
- Work in alignment with Commerce’s Values.
- Establish and maintain appropriate internal control safeguards.
- Approve and coordinate changes and improvements in automated financial and management information systems for the company.
- Coordinate the preparation of financial statements, financial reports, special analyses, investment analyses and information reports.
- Develop and implement finance, accounting, billing, and auditing procedures.
- Manage company's financial, liability and property risk exposures.
- Work with insurance broker on annual insurance renewals.
- Evaluate and control the organization’s fundraising plans and capital structure, especially for strategic business initiatives.
- Work with lenders to obtain short- and long-term financing.
- Manage Treasury function to realize best return on cash while guarding against loss.
- Interact with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
- Ensure records systems are maintained in accordance with generally accepted accounting principles.
- Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems.
- Provides oversight on the budgeting process along with performing any variance analysis of budget to actual.
- Analyze cash flow and expenses to guide business leaders. Analyze financial statements to pinpoint potential weak areas.
- Create and maintain forward looking financial models.
- Identify ways to improve profitability.
- Responsible for creating and maintaining accuracy of standard operating procedures on key account functions.
- Maintains confidentiality. Information regarding Commerce is highly personal and confidential. Any breach of confidentiality is grounds for immediate termination.
QUALIFICATIONS
- Bachelor’s degree in business administration, accounting, finance or related field is required.
- CPA or MBA preferred.
- 10 years related experience in senior level accounting and finance position.
- Experience in property management or real estate a plus.
- Strong verbal and written communications skills.
- Experienced team leader and has the ability to take initiative.
- Possesses organizational skills and ability to prioritize.
Interested in Learning More?
180one is a retained search firm and has been engaged by Commerce Properties to manage this search. If interested in learning more about the opportunity, please contact Tom Haley /503.334.1350 / tom@180one.com
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