Director of Finance
Ten SouthBackground We are a multifamily development group with in-house development, construction, management, and investment wings. On the construction side, we self-perform numerous trades. We approach construction from the perspective of manufacturing, meaning that we seek to understand the true cost of all inputs (materials and labor) and formulate schedules of value that resemble bills of material. This information allows us to procure our inputs at the lowest possible prices, thereby reducing overall construction costs and making possible projects that do not pencil, financially, for other groups. This approach requires far more engagement between our financial and field teams than a standard construction accounting job, as the finance team needs to understand the field operations well enough to determine whether the field is operating under, at, or above budget. Because we control nearly all material procurement, it also requires the finance team to understand our materials requirements across numerous trades. Job Summary The Director of Finance will lead financial operations, reporting, planning, and compliance for our construction company. You’ll oversee project budgeting, the finance module of our ERP system, monthly construction draws, and monthly budget-to-actual analyses. You will also be responsible for monthly and quarterly financial reporting. Your impact: accurate reporting and detailed financial guidance will help our leadership manage resources responsibly and plan with confidence. Core Responsibilities We run a lean operation, and your role will blend the responsibilities of a Controller with those of a Director of Finance. You will: Work with our VP of Construction to create project budgets organized by schedules of value. Work with our in-house legal team to make sure that any third-party contracts are organized by the budget's schedule of values. Prepare monthly draw statements for all construction projects, in accordance with the requirements of our lenders. In order to prepare these draws, you will need to work with our field team to ensure that all invoices paid correspond to work actually performed or materials actually delivered. Prepare monthly budget-to-actual analyses to ensure that the entire company understands if any trades on any projects are underperforming. We run numerous trades in-house, so it is particularly important that we monitor whether work actually completed corresponds to the budgeted labor cost for that work. Prepare monthly and quarterly financial statements for the construction company. Perform (or, in some instances, oversee) financial accounting, general ledger accounting, accounts payable and receivable, accrual accounting, account reconciliation, balance sheet and general ledger reconciliation, financial reporting, financial planning, cash flow forecasting, cost and revenue management, etc. Skills Required: Accounting and finance experience (at the accounting manager, controller, and/or finance director level) Strategic management skills Strong financial analysis and communication capabilities Knowledge of financial software, accounting systems, and financial concepts. Four-year degree plus five years of relevant work experience. Experience with cost accounting strongly preferred. Ability to prepare and interpret financial reports, develop financial models, analyze accounts, and apply cost control and cost management practices. Pay: $200,000.00 - $250,000.00 per year Benefits: 401(k) Health insurance Paid time off Education: Bachelor's (Required) Experience: accounting: 5 years (Required) Work Location: In person