Cullinan Properties, a leading commercial real estate developer, seeks a results-oriented Chief Accounting Officer for its Peoria, IL or Chicago, IL office. Responsibilities of the position include the following:
Supervisory and Administrative
Develop strong working relationships with other senior managers to accomplish key objectives including annual plan and long range goals;
Learn, understand and make suggestions for improvement on all accounting processes, and roll-out the implementation to the team; provide leadership in the development for the continuous evaluation of short and long-term strategic financial objectives;
Recruit, train, supervise and evaluate department staff, as well as outside service providers.
Financial Accounting and Reporting
Ensures integrity and veracity of existing financials on assets under consideration for acquisition, disposition, or partnership;
Ensure that adequate internal controls are in place to safeguard company assets;
Develops fiscal projections and makes recommendations and decisions based on the results;
Assist with annual audit of assigned properties;
Assist Chief Investment Officer and Controller with annual valuation report;
Report financial results and fluctuations from monthly budget to board of managers.
Cash Flow / Funding
Development of cash flow management and monitoring system to ensure maximum income earning of company income while minimization of interest expense;
Analyze cash flow, cost controls and financial statements to identify potential areas for improvement;
Primary responsibility for company receivables including fees due from related entities;
Responsible for ensuring that adequate financial support is provided by parent entity to affiliates.
Tax Compliance and Planning
Possess a working understanding of tax rules regarding fixed assets and partnerships;
Recommend alternate approaches for reporting transactions to optimize income tax benefits;
Provide interim projections of taxable income and distribution requirement for the current year;
Primary responsibility for coordinating internal and external efforts to assure the timely completion of all federal, state and local tax filings and disseminations of partner k-1 information to respective parties;
Identify and recommend alternate treatment(s) for transactions having potential state/local sales tax benefits on development projects.
Insurance and Risk Management
Administer day-to-day activities of risk management program including collection and review of information needed for renewal of property, liability, umbrella, director & officers , flood, errors & omissions, crime, employment practices, work comp, fiduciary liability builder’s risk coverages;
Identify property and liability risks and recommend methods to address, mitigate or transfer them;
Identify opportunities for cost savings;
Assist in claims management when necessary;
Manage relationship with brokers and consultants;
Review health insurance plan premium renewals and overall structure to balance employer/employee split of cost;
Oversee life key person policies and approval of premium payments.
Assist with development of budget revenue and capital expenditure projections;
Coordinate with executive leadership, leasing, marketing, development and property management department heads to ensure adequate preparation and internal review of each individual property budget, Administrative budget and properties not directly owned by the Company.
Bachelor’s Degree in Accounting (preferred), Finance or related field. MBA a plus;
Professional accounting designation, such as CMA or CPA;
10 years’ experience in a senior accounting/financial managerial position;
Must have strong technical skills including in accrual accounting, tax compliance and insurance/risk management;
Advanced computer skills, including proficiency in MS Office and accounting software such as MRI or Yardi;
Exceptional organizational, communication and presentation skills;
Results-oriented, strategic thinker, planner and visionary;
Experience in working with multiple entities and real estate development, property management or construction is preferred.
Additional Salary Information: We are searching for an entrepreneurial professional who becomes personally involved in every phase of each project.
Cullinan Properties offers a competitive salary and benefits package.
About Cullinan Properties
Cullinan Properties, LTD. is a full service real estate development company offering commercial brokerage, asset and construction management, investment services, acquisition services, market analysis, site selection, and financial analysis. Founded in Peoria, IL in 1988, Cullinan also has offices in Chicago, IL and St. Louis, MO.