Financial Manager

Financial Manager, Corporate Office - Boston, MA

General Statement of Duties:   The Financial Manager directly supports the property management function including financial statement analysis, portfolio management, valuations of residential rental communities, investor relations, coordinating or assisting with acquisitions/refinancing and dispositions and managing the property budgeting process.

Supervision Received:  Reports to Senior Vice President, Property Management.

FLSA Status: Exempt

Essential Functions of the Position:
(Any one position may not include all of the duties listed, nor do the listed examples include all that may be found in positions of this class.)

• Analyze financial reports (balance sheet, income statement, etc.) on a monthly basis to assess the performance of the asset and the portfolio.
• Understand each asset, identify problem areas, and present solutions to maximize net operating income and cash flow.
• Understand the capital structure of each property and be familiar with both partnership and loan agreements.
• Ensure compliance with all covenants of property financings and fund documents.
• Manage the process of preparing annual reforecasts and annual operating and capital budgets for each asset.
• Proactively monitor business plan execution to anticipate developing issues and manage financial exposure. Communicate issues, problems, or findings to senior management staff.
• Prepare reports (financial statements, narratives, etc.) and distribute to investors, owners and others following review by the office of the CFO.
• Review and understand annual audited financial statement for each asset.
• Project cash flow and net operating income by analyzing operating data and annual budgets.
• Maintain and update financial models for the purpose of asset valuation.
• Assist with quarterly, semi-annual, or annual distributions in accordance with governing agreements.
• Lead monthly financial statement review and property performance meetings
• Monitor key financial benchmarks including occupancy and collections.
• Oversee replacement reserve submission to lenders and agencies.
• Assist in due diligence, market analysis, and creative problem solving.
• Participate in the long term, strategic planning of assets
• Special projects as assigned

Minimum Qualifications

Education:  BA or BS in Finance, Accounting, Business, Real Estate or related field.

Qualifications, Abilities and Skills: 

Minimum 5 years of property management or asset management of real estate assets and a solid understanding financing structures. Experience with both affordable and market-rate multifamily properties. Strong analytical and problem-solving skills. Advanced knowledge of Excel, PowerPoint, Word.

Ability to effectively communicate to team members, senior management, and investors, verbal and written.

Significant experience with financing, operations and financial modeling/analysis.

Travel requirements:

Some travel will be required, as our portfolio consists of assets throughout New England, the Mid-Atlantic, Northeast, Southeast and Midwest.

Beacon Core Competencies required for all positions:

Teamwork, Integrity/Ethics, Dependability, Customer Focus, Adaptability/Flexibility

Beacon Asset Manager Job Competencies: