Job Title: Director of Finance
Classification: Exempt
Reports to: CEO
Summary/Objective
- This position is responsible for overseeing all financial aspects of Cadden Community Management, including budgeting, financial reporting, financial planning, cash flow management, and ensuring compliance with financial regulations
- This position is responsible for leading the accounting team, analyzing financial performance, and advising leadership on strategic financial decisions to maximize profitability and maintain financial stability
- This position is responsible for oversite of CCM’s Homeowner Association Management finance department, organizing the department’s deadlines, and interacting extensively with our clients.
Key responsibilities
- Financial Planning and Analysis:
- Work with CEO to develop and manage annual budgets, forecasting revenue and expenses
- Conduct financial modeling to evaluate potential business scenarios
- Analyze financial trends and identify areas for cost reduction and profit optimization
- Oversee the preparation of financial reports and be available for presentations for senior management and the board of directors
- Accounting Operations:
- Oversee day-to-day accounting functions including AP/AR, payroll, and general ledger
- Ensure accurate and timely financial reporting in accordance with accounting standards (GAAP)
- Manage internal controls to safeguard company assets and mitigate financial risks
- Leadership and Team Management:
- Lead and develop the finance team, including hiring, coaching, and performance evaluations
- Collaborate with other departments to ensure alignment with business objectives
- Compliance and Regulatory Oversight:
- Ensure adherence to all relevant financial regulations and accounting standards
- Manage external audits and coordinate with auditors
Essential Functions of HOA Accounting
- Supervise the bookkeepers, collection, AP, AR, statement, special projects and resale personnel
- Provide complete accounting support for Client Associations including AR, AP, General Ledger
- Review monthly financial reports in accordance with accepted accounting principles
- Field Board Member questions regarding reports
- Field questions from homeowners as needed regarding financial questions
- Formulate and publish accounting internal controls, company policies and procedures
- Review adherence to company best practices and procedures
- Provide staff training
- Act as a liaison between company and software provider, banks, payables lockbox, vendors
- Oversee audits, reviews, compilations and tax reporting
Essential Functions of Corporate Finance
- Implementation and utilization of payroll software
- Bi-monthly payroll input into QB from reports provided from payroll software
- Full cycle of accounting duties. Provide complete accounting support for Cadden Community Management including daily AR, AP, General Ledger, and Bank Reconciliations
- Code and enter vendor expense invoices, run checks, bill customers and clients, and prepare bank deposits, ensuring that the correct general ledger accounts are debited or credited accordingly
- Handles all of the company's banking needs, including reconciling monthly bank statements and monitoring cash flow
- Monthly reconciliation of intercompany expenses
- Review and publish monthly financial reports in accordance with accepted accounting principles
- Assist in budgeting
- Formulate and publish accounting internal controls, company policies and procedures
- Review adherence to Company best practices and procedures
- Facilitate audits, reviews, compilations and tax reporting
- Prepare annual 1099’s
- Assist tax CPA with annual tax preparation
- Analyze Company accounting records and provide cash flow management recommendations
Work Environment
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, and printers/scanners. Programs such as Quick Books and Excel
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