Financial Operations Manager
4 days ago
At My Recruiter Inc., we are seeking a highly skilled Financial Officer to oversee the financial health and integrity of our property management operations. This role is responsible for managing accounting functions, bookkeeping, budget tracking, and auditing property financials.
The ideal candidate will have a strong background in finance or accounting and experience in property management, ensuring accuracy, compliance, and proactive financial insights for property owners.
- Accounting & Bookkeeping:
- Maintain accurate accounting records for all properties under management.
- Process accounts payable and receivable, including rent collection, vendor payments, and payroll for property staff.
- Prepare and reconcile bank statements and general ledger entries.
- Financial Reporting:
- Generate monthly, quarterly, and annual financial reports, including profit and loss statements, balance sheets, and cash flow reports.
- Report regularly to property owners, providing a clear summary of each property's financial standing.
- Provide financial insights and analysis to support strategic decision-making for property management and development.
- Budgeting & Forecasting:
- Develop and manage property budgets, ensuring adherence to financial goals.
- Track actual expenditures against budgeted amounts and recommend adjustments as necessary.
- Work closely with property management and owners to forecast future financial needs and optimize cash flow.
- Auditing & Compliance:
- Conduct regular internal audits to ensure compliance with company policies and legal regulations.
- Assist in coordinating external audits and ensure all financial records are ready for inspection.
- Maintain knowledge of property management financial regulations and apply best practices to all financial operations.
- Tax & Regulatory Filings and Permits:
- Prepare and submit property-related tax filings and ensure compliance with local tax regulations.
- Work with external tax advisors as needed to optimize tax positions for each property.
- Secure needed permits/compliance documents for financial operations.
- Financial Planning & Strategy:
- Analyze market trends and property performance metrics to provide insights for financial growth.
- Recommend improvements and cost-saving measures to maximize profitability for each property.
- Collaborate with senior management and property owners on investment strategies, financing options, and risk management.
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