Beacon Resources Hiring for VP of Accounting and Finance Job at Los Angeles, CA Full Time

Beacon Resources, in partnership with our Commercial Real Estate-oriented West L.A. based client, seeks a VP of Finance and Accounting on a direct hire basis.

Job – The successfully hired VP of Finance and Accounting will work on all accounting and finance projects (prepare financials, tax returns, account analyses, and financial reporting). Several accounting professionals report to the VP of Finance and Accounting.

You will report to the principals of the firm.

Job Site Status (Remote/Mixed/Onsite) – This role is a mixed onsite/remote schedule, with most days spent onsite (especially during the ramp-up period).

Culture/Environment – Our client boasts a stable team of finance and accounting professionals where people are happy enough so that long work tenures are common here.

Compensation/Benefits– Starting salary for this role starts at $200,000/year and increases depending on qualifications. The firm offers a performance-based bonus that will comprise at least 30% of base compensation. Standard benefits supplement base compensation, including a 401k matching program and a reward for deal participation.

DUTIES OF THE VP OF FINANCE AND ACCOUNTING

General Ledger Accounting

• Oversee the entire accounting department of this organization: inter-company accounting, cash management/reconciliation, month-end closes, stock compensation, Accounts Payable, Accounts Receivable, and financial reporting
• Perform month and quarter end accounting closes
• Monitor weekly cash flows, including payments and receipts
• Generate financial flash reports for upper management on a periodic basis
• Manage external audit relationship with public accounting firm
• Recommend courses of action to help achieve financial goals of the company
• Manage your accounting staff
• Update valuation of each investment in a portfolio (FASB ASC 820 or old SFAS No. 157) to make sure each investment has proper fair value
• Implement GAAP accounting standards at the company
• Ensure a continuous improvement mentality across the finance and accounting teams
• Look into automating as many accounting tasks as feasible

Construction Accounting

• Manage contracts, purchase agreements, change orders, lien releases, and insurance certificates
• Review General Contractor draws
• Prepare construction loan draws
• Maintain and manage project-related records, including budget, contracts, and change orders
• Prepare, review, and approve supplier invoices and overhead charges related to the project
• Track lien waiver and various insurance
• Initiate capital call to joint venture partners when needed
• Oversee performance project variance analysis and variance reports
• Prepare monthly, quarterly, and ad hoc segment and consolidated D&C reports as required by various internal and external partners

Financial Planning and Analysis (FP&A)

• Create the Annual Operating Budget that aligns with the organization’s growth plan
• Oversee preparation of financial statements
• Forecast cash flow
• Analyze variances between projected and actual expenses and revenues

Financial Reporting

• Provide information for reporting funds metrics, debt compliance, and periodic deliverables metrics to various deal makers within the organization
• Provide quarterly accounting closing packages, periodic cash reconciliations, interest accruals, dashboard reporting, financial statements, capital contributions and/or distributions (in accordance with NAREIT standards)

Technical Accounting

• Advise the accounting department on necessary technical accounting issues and trends

Miscellaneous

• Oversee Human Resources (HR) functions (payroll, benefits, 401(k), hiring, and compliance
• Oversee all tax filings
• Update all internal controls, in accordance with GAAP

QUALIFICATIONS OF THE VP OF FINANCE AND ACCOUNTING

Required

• Bachelor’s Degree
• At least fifteen (15) years of accounting experience
• At least ten (10) years of managerial experience
• Current or previous experience working at a commercial real estate company
• CPA and/or MBA

SKILLS OF THE VP OF FINANCE AND ACCOUNTING

Required

Technical

• Expert-level MS Excel skill set (v-lookups, pivot tables, IF formulas, data validation, reconciling, etc.)

Interpersonal

• Willingness to be hands on with all tasks
• Leadership ability
• Superior EQ skills (verbal and written)
• Superior presentation skills

If you are interested, submit your resume in MS Word format to me. I will hold all inquiries in the strictest confidence.

IND1

Job Type: Full-time

Pay: $200,000.00 – $260,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus pay

Ability to commute/relocate:

• Los Angeles, CA 90025: Reliably commute or planning to relocate before starting work (Required)

Education:

• Bachelor’s (Required)

Experience:

• Microsoft Excel: 1 year (Required)

License/Certification:

• CPA (Preferred)

Work Location: One location