Job Functions1. Financial Management2. Cash Flow Projections3. Managing Company Relationships4. Financial Presentations5. Compliance and Risk Assessment
Job Requirements1. Undergraduate degree in accounting or businessrelated field2. 15+ years of experience in real estate accounting or related field3. CPA and graduate degree preferred4. Experience with Yardi software5. Demonstrated ability to maintain confidentiality
Skills1. Real Estate Accounting2. Yardi Software3. Microsoft Office Suite4. Teamwork5. Time Management1. Confidentiality2. Professional Communication3. Independent Work Style4. Strong Work Ethic5. Adaptability
CHIEF FINANCIAL OFFICER
www.bhproperties.com
COMPANY
BH Properties is a privately held commercial real estate investment firm focused on value-addacquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt, ground leases and affordable housing. The Company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Phoenix, Dallas, and Houston. Our 31-year track-record and balance sheet allow us to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. Today, the Company owns nearly 100 properties representing approximately 10M square feet across 18 states.
LOCATION
Los Angeles, CA
R
ESPONSIBILITIES
This role will be highly visible and integral to the financial management of the Company, working with and supporting other departments including Finance, Asset Management and Acquisitions.
Essential Duties
- Manage cash flow projections ensuring availability of funds.
- Assist in managing Company relationships with banks, institutions and other financial partners along with assisting in identifying new lending sources.
- Participate with the Company’s in-house finance team on all financings being considered.
- Ensure timeliness and accuracy of financial reporting to banks and other financial partners.
- Ensure compliance with loan covenants.
- Prepare and participate in financial presentations to banks and other financial partners.
- Propose action plans to ensure that financial objectives are attained.
- Assist in managing the balance sheet and revenues / expenses of the Company.
- Explore new investment opportunities and provide recommendations on potential risks and returns.
- Work with the senior leadership team in the preparation of the long-term financial goals, annual plans, budgets and projections.
- Leverage on past and existing networks to provide insight and recommendations to manage both short-term and long-term goals of the Company.
- Assist in developing a capitalization strategy for new acquisitions and existing owned assets.
- Create strategic initiatives that generate additional opportunities for the company through external relationships, which may include speaking engagements, and participation in select industry organizations/entities.
- Assess financial risks and recommend strategies to mitigate those risks.
- Respond to financial related questions from lenders, and other stakeholders.
- Partner with other internal departments to ensure that communications and presentation materials are accurate.
- Ensure budget and forecast models are accurate.
- Execute special projects and ad hoc analyses as needed.
QUALIFICATIONS:
- Undergraduate degree required in accounting or business-related field
- Both a CPA and graduate degree a plus
- 15 + years of experience in real estate accounting or related field.
- Likely candidate will have come through an accounting or finance background with an understanding of real estate debt markets & financing
- Familiar with the 1031 Exchange process
- Experience in Yardi software a plus
- Demonstrated ability to maintain confidentiality
- Strong organizational skills, including the ability to prioritize and multi-task
- Advanced knowledge of Microsoft Office Suite, including Word, Excel, and Outlook
- Ability to communicate effectively and professionally within all levels of the organization and externally with lenders and other outside parties
- Ability to work independently and with minimum supervision
- Ability to work in a fast-paced entrepreneurial environment
- Must possess a strong work ethic
- Must be a team player
- Travel required (10%)
COMPENSATION
$225,000-$300,000We offer an excellent compensation package, an exciting opportunity, and the chance to grow and develop with a well-capitalized entrepreneurial investment group. For consideration, please submit resume with salary expectations. Resumes submitted with salary requirements will be considered first.
Life at BH Properties
BH Properties executes an aggressive acquisition strategy that focuses on under-performing properties and select secondary markets with optimal growth potential. The firm’s current portfolio is valued at more than $480 million and comprises more than 6 million square feet of retail, office and industrial properties. BH Properties expects to grow its portfolio to $650 million in value by the end of 2008 by continuing to purchase and reposition lucrative properties that do no not comply with institutional buyers’ acquisition criteria.
Thrive Here & What We ValuePrivately held commercial real estate investment firm focused on value-add acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. | Vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and able to acquire and close transactions without the need for lengthy due diligence periods. | 31-year track record and balance sheet allow them to move quickly and creatively, structuring acquisitions to satisfy sellers’ needs in a highly competitive market. | Owns and operates approximately 10M square feet across 18 states.</s> | BH Properties is a privately held commercial real estate investment firm focused on valueadd acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. The Company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and is able to acquire and close transactions without the need for lengthy due diligence periods. BH Properties has a 31-year track-record and balance sheet that allows them to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. Today, the Company owns and operates approximately 10M square feet across 18 states.</s> | 1. Privately held commercial real estate investment firm focused on valueadd acquisitions. | 2. Vertically integrated with offices in multiple locations throughout the Western United States. | 3. Able to acquire and close transactions without lengthy due diligence periods. | 4. Strong track record and balance sheet allow for quick and creative structuring of acquisitions. | 5. Emphasis on maximizing cash flow and increasing value, particularly in office properties.</s> | 1. Entrepreneurial investment group with a wellcapitalized balance sheet. | 3. 31year track-record allows for quick and creative structuring of acquisitions to satisfy seller needs in a highly competitive market. | 4. The company owns and manages approximately 10 million square feet across 18 states.</s> | 1. Privately held commercial real estate investment firm focused on valueadd acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. | 2. Vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and is able to acquire and close transactions without the need for lengthy due diligence periods. | 3. 30year track-record and balance sheet allow us to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. | 4. Owns and operates approximately 10M square feet across 18 states.</s> | 31-year track-record and balance sheet allow them to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. | 3. Ability to acquire and close transactions without lengthy due diligence periods | 4. 31year track-record and balance sheet allow for quick and creative structuring of acquisitions | 5. Emphasis on maximizing cash flow and increasing value with an investor acumen approach.</s> | 1. Entrepreneurial and growing investment group | 2. Generous and comprehensive compensation & benefits package | 3. Opportunity for professional growth and development</s> | 1. Entrepreneurial Environment | 2. Fastpaced Work Style | 3. Teamoriented | 4. Strong Capitalization Strategy | 5. External Relationships</s> | 1. Privately held commercial real estate investment firm focused on valueadd acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States. | 2. Vertically integrated with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston. | 3. Able to acquire and close transactions without the need for lengthy due diligence periods. | 4. 31year track-record and balance sheet allow them to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. | 5. Owns and operates approximately 10M square feet across 18 states.</s> | 1. Fastpaced and goal-oriented environment | 2. Wellcapitalized, privately held, entrepreneurial investment group | 3. Opportunity for growth and development</s> | Opportunity for professional growth and development within a well-capitalized, entrepreneurial, and growing real estate investment group.</s> | 1. Entrepreneurial and Growing Real Estate Investment Group | 2. WellCapitalized Company | 3. FastPaced Environment | 4. Professional Growth and Development Opportunities</s> | Well-capitalized</s> | 14. Entrepreneurial Investment Group | 15. WellCapitalized | 16. Exciting Opportunity for Growth and Development</s> | 3. WellCapitalized and Entrepreneurial Investment Group | 4. Focus on Markets Throughout the Western United States</s> | 2. Growing Real Estate Investment Group | 4. FastPaced Environment | 5. Professional Growth and Development Opportunities</s>