Director of Finance
Altitude Property Management LLC•Pensacola, FL
•$140,000 - $185,000•Onsite
About The Position
The Director of Finance is the senior financial leader responsible for the overall financial operations & reporting. Position reports directly to the CFO, this individual will oversee all accounting, financial reporting, fund accounting, consolidating entries, treasury, budgeting, and financial planning functions across 35+ legal entities, three investment funds, and the property management company. The Director of Finance will directly supervise a Controller and work collaboratively with operations, asset management, and investor relations to ensure financial transparency, compliance, and performance optimization.
Requirements
- Bachelor’s degree in Accounting, Finance, or related field
- 10+ years of progressive finance and accounting experience, with significant responsibility for multi-entity operations
- 2–5 years of public accounting experience (Big Four or regional firm preferred)
- Demonstrated experience in real estate finance, including property-level accounting, fund accounting, and investor reporting
- Strong knowledge of GAAP as applied to real estate & hospitality, including revenue recognition and consolidation
- Proficiency with accounting software (QuickBooks, Yardi, AppFolio, or similar property management/accounting platforms)
- Advanced Excel and financial modeling skills
- Multi-entity complexity management – ability to see the big picture while maintaining precision across dozens of entities
- Investor and stakeholder communication – ability to translate complex financial data into clear, actionable reporting
- Process improvement orientation – proven track record of building scalable systems, controls, and workflows
- Leadership and team development – ability to coach, mentor, and grow a finance function
- Judgment and integrity – sound decision-making in ambiguous situations with a commitment to accuracy and ethical standards
Nice To Haves
- MBA or Master’s degree in Accounting or Finance
- Direct experience with real estate investment fund structures (LP/GP, waterfall distributions, capital accounts)
- Experience with property management company accounting and trust account management
- Prior experience managing or mentoring a finance team in a growing organization
- Experience with system implementations or migrations in a multi-entity environment
- CPA designation preferred
Responsibilities
- Prepare and deliver combined and consolidated financial statements across 20+ owned property entities, three investment funds, the property management company, and all managed entities
- Develop and maintain a reporting framework that provides timely, accurate financial information to ownership, investors, lenders, and fund stakeholders
- Oversee monthly, quarterly, and annual close processes for all entities, ensuring accuracy and adherence to GAAP
- Coordinate and manage annual audits, tax preparation, and regulatory filings across all entities in partnership with external CPA firms
- Manage the financial operations of three investment funds, including capital call tracking, consolidation entries, intercompany transactions, distribution calculations and waterfalls, investor allocations, and fund-level financial statements.
- Prepare and distribute quarterly investor reports, annual K-1 schedules, and ad hoc investor communications
- Monitor fund compliance with operating agreements, subscription documents, and regulatory requirements
- Support new fund formation and property acquisitions with due diligence and pro forma analysis
- Serve as the finance and accounting leader for the property management company, overseeing revenue recognition, expense management, and profitability analysis across 32+ managed entities
- Ensure proper segregation and reconciliation of owner funds, operating accounts, and security deposits in compliance with state regulations
- Review, analyze and upload property-level budgets and variance reporting for both owned and third-party managed properties
- Collaborate with regional and local property management leadership to optimize NOI performance, identify cost savings, and review Capex expenditures.
- Oversee cash flow management, forecasting, and liquidity planning across all entities
- Manage banking relationships, loan covenants, debt service schedules, and refinancing activities
- Monitor and optimize management fee allocations and fund cash movements
- Lead the annual budgeting process across all entities and funds
- Develop financial models and scenario analyses to support acquisition decisions, capital improvement planning, and disposition strategies
- Provide financial insights and recommendations to senior leadership on portfolio performance, growth opportunities, and risk mitigation
- Directly supervise and develop the Controller; build out the finance team as the organization scales
- Evaluate, implement, and optimize accounting systems, property management software integrations, and reporting tools to improve efficiency and data integrity
- Establish and maintain internal controls, policies, and procedures appropriate for a multi-entity real estate operation
Benefits
- Performance-based bonus opportunity
- Paid time off and holidays
- Professional development support (CPA CPE, industry conferences)
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What This Job Offers
Job Type
Full-time
Career Level
Director
