Vice President Finance
9 days ago
Virginia Beach
Vice President of Finance Chesapeake Homes Essential Duties & Responsibilities: -Strategic Leadership & Company Performance • Collaborate with the President, and executive leadership team to drive strategic planning initiatives that align with corporate objectives and long-term growth., • Identify and evaluate key business risks and opportunities, using financial and market data to support strategic decision-making across the organization., • Lead the financial modeling and analysis to support expansion, M&A activity, and new investments, including scenario planning and ROI assessments., • Serve as a key advisor in the development and execution of strategic initiatives including product diversification, market positioning, and scalability., • Represent the company in strategic investor discussions, capital-raising initiatives, and due diligence processes as required., • Work with Division Managers – review monthly financial results with each division manager, review variances and other cost savings, • Monthly financial close – review margin report, income statement, balance sheet, supporting schedules, for accuracy during the monthly close process. Analyze significant variances from budget.Ensure financial books are accurate and complete. Prepare GM analysis for monthly financial book., • House scrubs on closings – review house scrubs prepared by purchasing. Analyze any significant variances to budget and work with purchasing to correct and update., • Assist company president and senior management team with various analysis requests on an ongoing basis., • Annual Business Plan – with assistance from team members, compile and prepare the annual business plan for each division. Ensure sales, closings, margins, and overhead numbers are projected with the best degree of accuracy., • Visit divisions on a semi annual basis- Tour product, model parks, homes under construction.Meet with the division managers to determine how we can better assist them., • Sales Pricing – review base prices, lot premiums, incentives, and absorption each week to ensure every opportunity to increase pricing.Review CMA’s prepared by community sales teams. The VP of Finance maintains all system base price changes., • Community proformas – maintain current prices, direct cost, low cost, incentives. Review and update changes monthly to monitor gross margins., • Backlog Reporting– review & update weekly for accuracy.Review margins on new pre-sale stars, new sales, community averages. Compare to business plan projections., • House starts – review AFF, House Scrub Report and Elevation Comparison Report for each start. Update start spreadsheet, ensure costs are in line with current base budgets.Discuss any large issues or variances with the purchasing manager., • Rebate tracking – maintain annual rebate schedule. Send quarterly closing information to manufacturer reps (for rebates paid quarterly). Send annual closing information for rebates paid annually.Review checks received to ensure we collect the correct rebate amount., • Option Pricing – ensure that option costs/pricing is reviewed quarterly in every community. Ensure that we are maximizing profit margins on options. Review option margins on sales proformas., • Weekly Sales – review system Sales Proforma for each new sale.Check pricing and ensure incentives are in line with current offerings., • Plan base directs – review costs of new plan offerings.Ensure costs are in line with other community plans and cost per square foot., • Lead all financial forecasting, modeling, and budgeting activities with a forward-looking, strategic lens., • Manage monthly profit projections and report to senior management to inform decision-making., • Lead interactions with the investors, delivering clear and compelling financial narratives that communicate company performance and strategic direction., • Develop and present investor packets, financial models, and business plans in coordination with the President and executive team., • Oversee the accounting and finance departments, ensuring staff development, cross-training, and efficient workflows., • Supervise contract administration and financial compliance with an emphasis on speed, accuracy, and risk mitigation. Required Skills & Qualifications: • Bachelor’s degree in a relevant discipline; master’s degree or MBA preferred., • Minimum 10+ years in senior financial leadership roles, ideally within the residential construction or real estate sector., • Proven experience engaging with investors, lenders, and financial institutions in strategic and fundraising contexts., • Deep understanding of financial management, including P&L, balance sheet analysis, and cash flow forecasting., • Strategic thinker with strong business acumen and experience in investor communication and corporate development., • Excellent interpersonal and communication skills to engage with executive stakeholders and external partners., • Ability to thrive in a dynamic, fast-paced environment and influence strategic outcomes through financial insight. Schedule: • Monday-Friday, standard daytime hours; 8 am - 5 pm Job Type: • Full-time position, averaging 40 hours per week Compensation: • $180,000-$200,000 annually Benefits: • Medical, • Dental, • Vision, • 401k with contribution, • Vacation time, • Sick time, • Supplemental benefits Work Location: • Onsite | Virginia Beach, VA Work Environment: • Office-based environment with a business casual dress code. Standard office equipment, such as computers, phones, photocopiers, and filing cabinets, are used in this role. Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. • Ability to sit and stand for extended periods, • Manual dexterity to operate a computer and other office equipment, • Ability to lift and carry up to 15 pounds, • Vision and hearing acuity to perform job duties effectively, • Maintain a valid Driver’s License To apply, please submit your resume and cover letter highlighting your relevant experience and qualifications. If you have any questions, please contact us at . We look forward to reviewing your application and potentially welcoming you to our team. Chesapeake is an Equal Opportunity Employer. We do not discriminate based on race, traits historically associated with race, hair texture and protective hairstyles, color, national origin, ancestry, creed, religion, physical and mental disability, genetic information, marital status, sex gender, gender identity, or expression, pregnancy, sexual orientation age, military or veteran status, or any other basis protected by applicable law.
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