Director of Finance

 

Codina Partners has an opportunity for a Director of Finance to provide financial analysis, treasury support, and technical expertise for a broad array of duties.  The position is essential in forecasting all investments to assess overall liquidity, report on real estate, and support capital markets initiatives.  This opportunity will analyze, underwrite and recommend on a wide range of initiatives and work directly with decision makers.

The primary function of the Director of Finance is to collaborate with cross-functional teams to generate forecasts on all the business units; operating properties, work-in-progress (developments), and other financial investments.  The position requires excellent communication skills and a broad understanding of real estate fundaments.

 

Duties:

·        Analyze, underwrite, and recommend on a wide range of initiatives and work directly with decision makers

·        Forecasting

·        Financial planning and analysis

·        Identify and analyze opportunities and present recommendations to Senior Management

·        Perform the economic valuation of possible future investments identified by other team members

·        Integral part of the acquisition process including site visits, due diligence analysis and financing recommendations

·        Oversee and analyze current investments to establish holding strategies

·        Create and manage financial models for all projects and divisions of the business including partnership waterfall models, CDD bond analysis, and development and acquisition projections

·        Coordinate with Project Managers to create finance packages for banks and investors

·        Calculate as required by Lenders Debt Service Coverage Ratios for owned assets

·        Maintain compliance with lenders by submitting monthly/quarterly/annual reports to lenders on time, as required by loan documents

·        Oversee and assist accounts payable clerk in preparing monthly bank draw requests to send out accurately and on time

·        Work with VP of Accounting to calculate preferred returns for various investments as required and keeping them updated on a quarterly basis

·        Working with CFO in obtaining and negotiating bank financing for various projects

·        Develop and maintain complex financial models in Excel to perform various calculations and forecast ongoing liquidity at the project and investor level

·        Collaborate with various cross-functional departments and ability to navigate accounting system (YARDI)

·        Deliver formal presentations of analytic forecasts to senior managers and leadership

·        Support reporting to Investors with ability to communicate on investment updates

·        Participates in the review of new deals/transactions and coordinates with others in creation of financial plans

·        Support decision makers of the company with full due diligence and market analysis

·        Prepares cash flow forecast for multiple entities on a quarterly basis

·        Requires a deep understanding of the various sources and uses of debt capital in complex structures within the commercial real estate industry, strong relationship management skills, and the ability to work closely with a range of stakeholders

·        Provides assistance in presentations to Internal & External Stakeholder by creating tailored reports and explanations

·        Consolidate and summarize information from divisions and communicate with division associates to research variances

·        Keep up with the various bank covenants and reporting requirements

 

Skills/Qualifications:

·        Preferred a Bachelor’s degree in Business or Finance with advanced understanding of Accounting principles, an MBA is preferred

·        5-7 years of financial analysis and data management knowledge with prior experience in the commercial real estate industry required

·        Background in underwriting with exposure to institutional capital a plus

·        Advanced Excel, Argus, Kardin financial modeling with proficiency with the Microsoft Office Suites

·        Proficiency in excel modeling with keen understanding of financial analysis for real estate (i.e. discounted cash flows, IRR’s, NPV, levered cash flows, waterfalls, etc.)

·        Understanding of industry standards for real estate terms and concepts; i.e. ideally with experience within office, retail, industrial, condos and multi-family property types

·        Excellent communication and analytical skills with great attention to detail

·        Ability to work in a complex team environment across multiple departments

·        Ability to work under minimum supervision and manage multiple tight deadlines

 

Apply at HR@codina.com.

 

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