As Chief Financial Officer (CFO), you will lead the Firm’s finance, accounting, treasury, reporting, audit, and tax functions. The scope of the position includes, without limitation, responsibility for the Firm’s corporate treasury, financial planning, capital budgeting, capital structure, financial reporting, and audit and tax oversight for the Firm and all investment vehicles. You will be a key member of the Firm’s senior management team and a strategic partner to the Chief Executive Officer, with significant influence regarding the Firm’s overall strategy.
Specifically, the CFO will:
• Oversee and continuously develop a diverse team of finance and accounting professionals who embody the Firm’s core values.
• Proactively manage the Firm’s balance sheet and P&L. Collaborate with other members of the executive team to set and monitor financial objectives.
• Optimize and continuously review the Firm’s capital structure, including monitoring of debt covenants and other requirements associated therewith.
• Aggressively manage the Firm’s cash and liquidity position, including monitoring cash balances, capital requirements, collection of receivables, investment funding requirements, and reserves.
• Oversee all corporate financial planning and capital budgeting, including creation and maintenance of financial forecasts, pro forma financial statements, and other analyses.
• Collaborate with the Chief Investment Officer on structuring investment funds, joint ventures, and other investment vehicles, with a particular focus on maximizing tax efficiency.
• Serve on firmwide executive committee. Contribute to development of firm-level strategy, selection of investment strategies, and fundraising strategy. Take on ad-hoc projects.
• Manage all financial reporting requirements for the Firm and all funds, joint ventures, and other investment vehicles.
• Collaborate with Operations and the internal EB-5 Knowledge Center to ensure all internal customers receive timely and accurate financial information needed for EB-5 regulatory compliance.
• At the direction of the Chief Executive Officer, lead (or provide key support for) all mergers and acquisitions activity.
• Supervise the Chief Accounting Officer and the accounting, audit, and tax functions for which her team is responsible, including but not limited to maintenance of Firm books and records, and management of relationships with external auditors, tax advisers, and valuation advisers.
• Create, enforce, periodically review, and continuously seek to improve all financial, accounting, and valuation policies and procedures.
• Oversee preparation of fund financial statements; supervise fund audits and tax matters.
• Oversee distributions to investors and financial communications with investors and other counterparties.
• Identify and stay abreast of changes in GAAP that impact the Firm's accounting and reporting.
• Assist the Head of Sales and the Chief Investment Officer with preparing presentations, reports, and other materials in connection with investor meetings, due diligence, and fundraising.
• Oversee management of the Firm’s relationships with joint venture partner CFOs, third-party managers/operators, lenders, insurers, auditors, tax advisers, and the like.
• In collaboration with Operations, identify and implement systems enhancements to improve reporting and organizational robustness and efficiency.
• In collaboration with other departments and her team members, create opportunities to enrich the Finance team’s experience and their lives more broadly through educational opportunities, professional development, volunteer programs, and other programs/initiatives.
• Ensure that the Firm’s finance and accounting function is not just good enough, but excellent.
The CFO must possess exceptional leadership qualities and management capabilities and have a demonstrated track record of leading people to perform. Candidates will likely be sitting CFOs of a private investment fund management / alternative investment firm, with a minimum of fifteen years of increasingly responsible experience across the finance function. Candidates must have worked in sophisticated, complex businesses with a specific focus on alternative investments, real estate, and/or private equity.
An undergraduate degree is required; an advanced degree is preferred.
The ideal candidate must also bring the following qualifications:
• Excellent oral and written communication skills demonstrating the ability to analyze and interpret complex, multifaceted issues and present findings clearly and succinctly. Writing and presentation samples will be required as part of the interview process.
• Strong command of all accounting, financial, tax, and regulatory requirements of the Firm. Experience with the regulated investment advisory environment is preferred.
• Experience in the commercial real estate sector is helpful but not required.
• Deep experience and a high degree of comfort with communicating with institutional investors and their representatives (e.g., pension consultants).
• A strategic thinker with exceptional technical skills, analytical ability, superb judgment, and strong operational understanding of financial products and risk.
• Ability to understand and ensure compliance with applicable laws, regulations, rules, and policies affecting the Firm.
• Immediately credible and respected amongst peers and the broader financial community.
• Ability to thrive in a highly-diverse and international environment.
Civitas Capital Group (“Civitas” or the “Firm”) is a rapidly growing alternative investment manager with approximately $1.6 billion in assets under management in commercial real estate, lodging, alternative credit, and related asset classes. The Firm is particularly adept at serving global investors, including institutions, family offices, and qualified individuals. Our team collectively speaks 13 languages, serves investors from over 30 countries, and has direct cultural experience on every continent. We believe our collective diversity and cultural expertise are important competitive advantages. In pairing our international cultural competency with deep knowledge of the U.S. markets in which we invest, we generate better ideas. We do not seek to be all things to all people. Rather, we focus on niche, differentiated investment strategies – nothing cookie-cutter or off-the-shelf. We dig deeper to uncover opportunities that others miss.
Civitas Capital Group exists to create opportunities that enrich. This is the Firm’s purpose. We come to work every day to enrich the lives of our investors, our colleagues, and the communities in which we work. We do this in many ways. Some are d...irectly related to the work we do: striving to earn an attractive risk-adjusted return to our investors, to create meaningful career paths for our employees, and to implement best-in-class practices that guide our peers. Some are indirectly related to the work, such as the partnerships the Firm maintains with minority-serving educational institutions like Paul Quinn College and Cristo Rey. Still more are driven by our team’s desire to improve communities and lift up those who live in them – in our hometown of Dallas and beyond. In every case, in everything we do, we are guided by our core values:
• Relentless Creativity: We take pride applying multiple lenses, perspectives, and approaches to every problem.
• Champions of Courage: Faith in ourselves and our team gives the Firm and each employee the courage to take chances and fail often in the pursuit of excellence.
• Commitment to Excellence: “Good enough” is not good enough. We will stand out as excellent.
• Uncompromising Integrity: As stewards of trust, we require the highest ethical standards in everything we do.
At Civitas, our core purpose and values are more than words. They are the essence of who we are.
For further background, see civitascapital.com.