Senior Vice President and Chief Financial Officer
ORIX Real Estate Capital, Inc.
Directed all aspects of corporate and partnership financial reporting, accounting, and tax compliance for multiple company portfolios, including $550M collection of commercial/residential real estate development and investment assets, $150M collection of whole loans, and $110M+ collection of fee-based investment management assets. Oversaw 2 direct reports, including Property Controller and Corporate Controller, and 8 to 10 indirect departmental manager and staff accountant reports. Monitored and maintained all financial systems.
Headed treasury function for operating and construction projects, in addition to select corporate-level accounts. Managed wires, ACHs, and 60 to 70 bank/lockbox accounts. Created and maintained annual budget, including periodic re-forecasts. Maintained key 3rd-party relationships, working with top banking personnel. Ensured compliance with internal policies and procedures and external SOX regulations. Advised senior management team on accounting transactions and structures, providing important analysis concerning their impact on GAAP reporting, and instilling understanding of financial statements outlining impact of each deal on bottom line. Researched and documented position papers regarding several technical accounting pronouncements.
- Decreased operating costs $2M by evaluating existing structure and executing company reorganization plan.
- Generated $200K in annual management fees and $5.5M+ in up-front syndication fees by engineering critical historical performance return project, expertly analyzing investment and blended company performance for both realized and unrealized transactions to potential joint venture partners and 3rd-party management business.
- Saved 18% of 7-month $152K budgeted project by leveraging internal resources and transforming property accounting platform. Overhauled decentralized, labor-intensive program to produce highly-integrated, efficient solution, which resulted in real-time reporting of financial information, yielded better control environment, and prepared company for significant growth.
- Spearheaded company's SOX compliance, drafting and implementing new finance and accounting policies and procedures, identifying and strengthening controls, and assisting other departments through documentation-intensive process.