Macdonald & Co. is exclusively partnered with Missio Capital to appoint a Director of Finance in Austin, TX.
Missio Capital - On Purpose. On Mission. At Missio Capital, we combine our local expertise with institutional infrastructure to deliver best-in-class returns for our partners. Our purpose is to serve others, from renters to capital partners, through strategic investments and best-in-class developments. It is our mission to build lasting value for our partners and communities we serve.
Missio Capital is a real estate investment and development firm formed through a joint venture between Crowe Capital and Rausch Companies, with an initial capital commitment of $100mm. Built with decades of experience in real estate development, Misso delivers thoughtful, high performing multifamily and income-producing assets.
THE OPPORTUNITY:
This position will lead accounting and financial reporting activities for Corporate and real estate portfolios of the newly funded company. The position reports to the company's Managing Partner and will act as a trusted advisor to the executive team on areas of finance, accounting and tax. The Director will play a key role in establishing business processes, selecting/implementing systems, and have a pivotal role in future growth/expansion pursuits. This person will bridge the gap between accounting and finance and integrate functions across the organization, with the goal of providing accurate and timely information for the leadership team and investors. The position will have direct oversight of property and corporate accounting, property tax and treasury, internal controls/risk management, and cash forecasting functions
RESPONSIBILITIES:
Accounting/External Report
- Lead and oversee internal and external accounting and reporting functions.
- Interface with potential investors when performing operational due diligence, and existing investors.
- Oversee quarterly partnership reporting, including Consolidated Balance Sheet, Statement of Operations and Statement of Partner's Capital and all associated notes.
- Oversight of joint venture accounting and reporting and sign off prior to financial statements being issued.
- Formulate tax strategies including in quarterly tax review with outside CPA firm related to income allocation/tax distributions.
- Share responsibility for the review, compliance, and execution of all tax filings and any other required regulatory reports.
- Enhance and/or develop, implement and maintain standards, policies and procedures to ensure accurate, timely and complete preparation of all required financial information including quarterly financial statements, year-end statements produced in accordance with GAAP, K-1 reports, cost-segregation studies, etc.
- Monitor, review and assess the impact of relevant Financial Accounting Standards Board ("FASB"), Securities and Exchange Commission ("SEC") and other regulatory guidance to ensure compliance.
- Perform and review research of technical accounting issues, prepare memos, and determine proper accounting treatment.
- Collect relevant information from tax consultants and formulating recommendations to senior leadership that impact decisions surrounding platform structuring.
Internal Controls/Risk Management/Process Improvement
- Provide monthly executive management reports that reflect the operational and financial status of the Company.
- Drive process improvement and develop and maintain an effective internal accounting and management reporting system.
- Evaluate, develop and recommend improved internal reporting processes and best practices, which will provide more timely and useful financial information for firm leadership.
- Lead risk management across the organization including insurance management at the company and property levels as needed.
Treasury, Cash Forecasting and Budgeting
- Collaborate with the Managing Partner and wider team on business-related issues, such as acquisitions, dispositions, joint ventures and capital calls. Must understand and anticipate capital-related issues in a transactional environment.
- Oversee and support the budgeting process to ensure timely and accurate analysis of budgets, financial reports and financial trends.
- Take ownership of corporate cash flow projections and oversee input into critical budget and forecasting assumptions across the various investment entities and partnerships.
- Leverage cash flow forecasts/budgets to identify financing needs, managing lender relationships, and assist in the capital formation of projects.
EXPERIENCE REQUIRED:
- 7+ years of comprehensive experience in real estate accounting & finance with demonstrated career progression.
- Bachelor's Degree in Accounting or Finance Required. Master's Degree in Accounting, Finance or Business preferred.
- Public accounting experience and CPA designation preferred.
- Proven leadership skills. Ability to coach, develop and manage people from an individualized and team perspective is crucial.
- Ability to interact and build relationships across departments and functions.
- Strong business acumen and strategic thinking skills.
- Have an ownership mentality.
- Entrepreneurial passion to build a great company alongside great partners.
- Based in Austin, TX
COMPENSATION AND BENEFITS:
- Competitive salary and bonus
- Full health insurance including medical, dental, vision, disability and group life
- 401k with employer matching