Job Description

Founded over 100 years ago, our client is a New York real estate developer, owner and property manager delivering smart and stylish life experiences that transform the buildings and neighborhoods where residents live, work, shop and dine. Its three business divisions, Development, Properties, and Hospitality, offer a diverse and evolving portfolio of luxury rentals, condominiums, retail and mixed-use spaces, and a full-service property management business.

The Company has decades of experience constructing and developing high quality mixed-use buildings throughout New York. Its long track record of success in developing homes for low, moderate, and middle income residents in New York City is possible thanks to successful partnerships with public agencies, not-for-profits, other developers and land owners. Following development and construction, The Company’s in-house property management division seamlessly transitions into ongoing building and community management, operating vibrant and engaging communities in the neighborhoods in which it builds.

Responsibilities include but are not limited to:

• Overseeing a team of divisional controllers of a prominent real estate development and property management firm in NYC.
• Provide technical guidance as needed for adherence to GAAP and tax regulations.
• Support the annual financial statement audit process, acting as a key point of contact with the company’s auditors, providing audit support, and answering audit questions.
• Treasury management for multiple banking and investment platforms, which includes maintaining fraud protection with services provided by financial institutions and internal controls, opening new bank accounts, approving wires and check disbursements.
• Administering compliance with financial covenants on numerous real estate joint ventures that includes both private and institutional investors.
• Review cash flow analyses for periodic cash distributions on owned real estate portfolio.
• Manage federal, state and local tax filings, including quarterly tax estimates for multiple operating entities and partnerships.
• Provide oversight and administration on organizational structures for specific real estate deals and globally for the company, which includes facilitating the formation of new entities and maintaining good standings.
• Ancillary technical support for payroll processing by PEO.
• Facilitate CFO with due diligence on real estate closings, review partnership and loan agreements, and special projects.
• Implement and maintain internal controls to safeguard the company’s assets and ensure accurate financial reporting.
• Ensure timely and accurate month-end, quarter-end, and year-end financial close processes, including reporting to the company’s various institutional joint venture partners.
• Use various technology platforms to optimize processes and drive efficiency. When needed, identify new leading technology solutions and oversee their implementation.
• Participate in the budgeting and forecasting process.
• Assist asset management with certain finance responsibilities, including, but not limited to, maintenance of waterfall calculations, IRR and ROI calculations, valuation models, etc.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, or related field; MBA or MSA preferred
• CPA or CPA already in progress required
• 10+ years of progressive experience in accounting/finance roles
• 5+ years of experience in Real Estate, New York City specific preferred
• Strong command of financial modeling, analysis, and executive-level reporting.
• Demonstrated success leading finance teams and scaling finance functions in a fast-paced environment.
• Experience implementing or optimizing financial systems
• Exceptional communication, leadership, and cross-functional collaboration skills.

The Company is an equal opportunity employer. It does not discriminate in employment on the basis of race, color, religion, sex, national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, or other applicable legally protected characteristics. It celebrates diversity and is committed to creating an inclusive environment for all employees.

Please contact Steven Seiden, President, Seiden Krieger Associates, Executive Search Consultants, [email protected] .

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