Chief Financial Officer

Chief Financial Officer

The Chief Financial Officer (CFO) is a member of the executive leadership team and has overall responsibility for the finances and financial strategy of the Company, the various departments and entities within the Company, and all related and affiliated entities. Working as a collaborative leader, the CFO is responsible for managing and reporting on all fiscal and fiduciary affairs of the organization, including reporting to the Board and company ownership among others; cash and investment management; budgeting and forecasting; and oversight of all aspects of the accounting department. May be assigned oversight responsibility of other corporate functional departments.

The CFO collaborates with the President/Chief Executive Officer (CEO) and other senior staff to develop and implement the organization’s business plan in order to meet its strategic goals. The CFO recommends the financial strategy for reaching the organization’s goals, monitors and analyzes financial results.

This is not a remote position and will work from the company's Gaithersburg, MD HQ.

Position Responsibilities and Duties

Strategic and Organizational

• Together with the President/CEO and executive leadership team, develops the strategy to ensure that the organization has the financial resources needed to achieve its current and future goals, while mitigating financial and operational risk.
• Develops and maintains effective working relationships with key financial partners including funders, investors, partners, government agencies, consultants, and vendors.
• Oversees organizational budgeting, accounting and cash management to ensure accurate reporting, interpretation and analysis of financial results in conjunction with forecasts and long-range plans.
• Manages and supports the preparation of the annual consolidated corporate audit and tax returns.
• Prepares the annual corporate consolidated financial statements.
• Prepares and files corporate personal property tax returns.
• Oversees and reviews revenue-center-level audits prepared by professional services firms.
• Establishes and maintains controls to safeguard assets; documents and recommends improvements to internal financial policies and procedures.
• Develops and completes timely financial statements and reports on transactions and/or information requests.
• Manages and monitors the organization’s cash flow and capital needs.
• Supervises the accounting staff on day-to-day operations that includes, but is not limited to, month/year end close, accounts receivable & payable, financial reporting, invoicing, cash receipts and disbursements. May also manage one or more other corporate functional departments.

Accounting Operational

• Responsible for overall revenue-center accounting and financial reporting, including annual financial statement audits for all properties/entities.
• Oversight and supervision of the entire Accounting Department (including A/P, A/R, budgeting, treasury, staff accountants, etc.).
• Responsible for evaluation of internal controls with President/CEO.
• Guides financial decisions by establishing, monitoring and enforcing policies and procedures.
• Protects assets by establishing, monitoring and enforcing internal controls.
• Collaborates with other department leaders to develop and execute corporate strategies.
• Reviews monthly/quarterly/annual reports due to clients (e.g. owners, investors, other outside groups, joint ventures, etc.).
• Assists clients and operations personnel with comprehension of financial statements.
• Prepares compliance responses on behalf of revenue-center-entities to government agencies and financial institutions.
• Ensures transition of revenue-source-level accounting records when required.
• Monitors banking transactions and related processes to analyze and minimize fees.
• Responsible for the hire, supervision and oversight, and evaluation of direct reports and ensures effective performance management for the entire department.
• Provides training to new and existing staff as needed, to include the handling of non-routine reporting transactions.
• Ensures timely and appropriate resolution of employee matters within the department (e.g. staff conflicts, absenteeism, performance issues, etc.).
• Works with direct reports to establish goals and objectives for each year, monitors and reports on the progress of those goals, and creates an environment which enhances the professional development of staff.
• Prepares and/or reviews relevant income and expense questionnaires.
• Reviews and approves monthly revenue calculations.
• Serves on various internal teams and committees as appropriate.
• Assists President/CEO and executive leadership with corporate financial statements and any other tasks, projects, and responsibilities as requested/assigned.

Qualifications:

• At least 10+ years of demonstrated relevant finance and/or public accounting experience, with at least five years’ experience in a senior or executive level capacity. Preference for technical and management proficiency in accounting operations of a real estate industry organization.
• BA and/or MBA in Finance, Accounting or related areas of study is required. CPA strongly preferred.
• Extensive finance, accounting and operational experience with a multi-site and multi-state employer, including business operations, payroll, taxes, tax entities, etc.
• Preference for candidates who possess extensive knowledge and experience with real estate accounting and finance, particularly in affordable multi-family housing and Low-Income Housing Tax Credit portfolios.
• Critical thinker; uses collaborative and facilitative approach and has the flexibility to work with broad range of cultures, personalities, and work styles.
• Commitment to community development, helping low income communities.
• Demonstrated leader of people/teams; ability to create individual and team strengths and build upon individual and organizational career paths through professional development, cross-training, and both skill-based and knowledge-based learning.
• Strong work ethic, sense of urgency, and a balanced approach to both detail orientation and strong people leadership skills.
• Professional demeanor and willingness to cooperatively participate on a team in a mission-based organization.
• A self-starter who takes initiative and works well in driving successful results with minimum supervision and direction.
• Excellent attention to detail, good recordkeeping and well-organized.
• Must have very strong interpersonal and both verbal and written communication skills.
• Ability to manage multiple tasks, work under pressure and meet deadlines required in an environment which demands flexibility with multiple and/or shifting priorities.
• Ability to demonstrate the greatest level of flexibility in an environment with frequent changing priorities required to meet the needs of internal and external customers.
• Demonstrated experience with design and implementation of enhanced financial systems and procedures.
• Demonstrated ability to prepare clear, accurate, well-organized written and financial reports and to communicate verbally in an effective and concise manner.
• Strong proficiency in Microsoft Office and other software programs, including strong experience with real estate industry accounting software, and network administration.
• Demonstrated successful supervisory leadership/management experience required.

This role is exempt and has an anticipated annualized base salary range of $175k-$225k for a new employee depending on a number of relevant factors including individuals’ experience, qualifications, knowledge, skills, abilities, client/property or company budgetary limitations/guidelines, and other job-related company and market considerations. This position may be eligible to receive discretionary and/or performance-based bonuses on a spot or annual basis, which are variable depending on individual merit/performance, budgetary limitations, company performance, and other job-related factors. Full-time positions (30+ hours/week) are eligible for 2 weeks paid vacation, 3 weeks sick and related leave, 11 paid holidays, and health & welfare benefits as outlined on the Company’s website. To learn more about our company and our benefits, go to:

Pratum Companies is committed to a diverse workforce and is an Equal Opportunity Employer.