VP of Accounting and Administration

Company: JMC Management Co.
Location: Johnson City
Posted on: May 23, 2023

Job Description:

POSITION DESCRIPTION:The Vice President of Accounting and Administration will be primarily responsible for overseeing the general accounting and financial reporting functions, including accounts payable and accounts receivable, as well as oversee the payroll/benefits/human resource function, and will function as the information systems administrator. The position includes responsibility for income and property taxes, as well as interacting with departmental leads during the budgeting process. The incumbent will be responsible for maintaining a system of internal controls that will ensure that company assets are adequately safeguarded and that all financial reporting is prepared in compliance with applicable accounting policies, including real estate development and construction industry standards and US GAAP where applicable.RESPONSIBILITIES:The Vice President of Accounting and Administration holds responsibility for management of the accounting team performing the daily accounting/cash operations of several divisions, including property management, construction, real estate brokerage, and corporate entities. The position includes reviewing monthly financial statements for all divisions of the company and presenting monthly financial results. The position will also be responsible for working with external auditors and tax preparers, as well as the preparation of reports on the company's financial status to be distributed to shareholders, creditors and/or other interested parties. Additional responsibilities include the following:Accounting ResponsibilitiesOversee the general accounting function, which includes inter-company accounting, cash management/reconciliation, financial reporting, balance sheet management and distribution management.Responsible for proper timing and application of revenue recognition rules for construction entity.Assist Development Managers in tracking all project costs during the predevelopment stage.Oversee the monthly construction draw submissions for all projects under construction to the lenders.Ensuring policies and procedures (internal controls) are in place to provide reasonable assurance that the company assets are protected.Provides technical accounting guidance and support. At times, this may include involvement in due diligence and other activities surrounding acquisitions/dispositions.Supervises the completion of Federal and state tax reporting requirements (including income, property, sales and use, payroll and other local taxes), insurance reports and other reports required by government regulation. Also, assists Senior Management with dealing with tax related issues and meeting reporting requirements.Coordinates work relating to external audits/reviews in the periodic review of the company financial records. Is further responsible for the implementation of agreed upon recommendations, related to areas of responsibility, resulting from the audit/review findings.Responsible for direct management and continued development of accounting staff.Monitor and ensure timely repayment of intercompany and property-level payables.Is responsible for ensuring that credit risk is balanced with business objectives, targets are met and that only valid invoices with proper management authorization are paid.Human Resource ManagementEnsure legally compliant human resource policies, procedures and best practices.Daily management of the payroll, benefits and human resource functions and staff, including the management of the annual performance review and salary/bonus evaluation process.Oversight of the administrative office staff, including receptionists and executive assistants.As staffing needs arise, ensures that the accounting department is staffed with qualified financial personnel capable of meeting the objectives and responsibilities, noted above.Systems Administration & ITResponsible for overall management of IT needs to achieve technology and security objectives.Oversee the planning, development, implantation, maintenance and security of company information systems and data in partnership with outside IT consultant.Administer and monitor accounting software, provide recommendations for improvement and, as applicable, work with user groups to implement changes/upgrades.Serve as executive sponsor of the construction management online tool ProCore.Manage online storage tool, Box.Administer purchasing card program, including annual renewal, overall limit management, individual spending limit management, fraud claims, etc.MINIMUM QUALIFICATIONS:Bachelor's or Master's degree in Accounting with eight (8) or more years of experience leading the accounting function in the real estate development, construction and property management industriesCPA designation preferredExcellent written and verbal communication skills are requiredProficiency in Microsoft Office Suite: Excel, Word, OutlookProficiency of Yardi/SageSUCCESFUL CANDIDATES WILL POSSESS THE FOLLOWING ATTRIBUTES: Proactive and extremely responsive Personable with a good sense of humor Strong financial and analytical skills Understanding of fundamental real estate and construction terminology Demonstrated commitment to the mission, philosophy and vision of Mitch Cox Companies Energy and commitment to work in an entrepreneurial environment with the ability to prioritize responsibilities Strong organizational skills Demonstrated ability to work effectively with a wide range people and organizations Ability to work in a time sensitive environment, delivering timely and accurate work Ability to write clearly and informatively and present numerical data effectively Ability to read, analyze and interpret financial reports, complex financial models and legal documents While largely sedentary, this position requires the ability to sit, stand, and lift up to 20 lbs., speak, and hear, sometimes for extended periods of time Requires the ability to use a computer and office equipment traditionally found in office settingsAbility to commute/relocate to Johnson City, TNCOMPANY DESCRIPTION:Founded in 1979, Mitch Cox Companies is a full-service real estate solutions company offering development, architectural, construction, brokerage and commercial and property management services. Affiliated companies include Mitch Cox Construction, Inc., JMC Management Co., Cox Property Management, and Mitch Cox Realtor.

Keywords: JMC Management Co., Johnson City , VP of Accounting and Administration, Executive , Johnson City, Tennessee