POSITION IDENTIFICATION
Title: Finance Director / Cost Accounting
Business Unit: iManufacture
Reports to: Chief Manufacturing Officer
Date Opened: 02/2024
Target Start Date: 04/2024
COMPANY DESCRIPTION
Impact Housing is a vertically integrated housing development and production company whose mission is to solve the housing crisis among low- and moderate-income households in Southern California. Impact Housing is headquartered in the Bunker Hill district of downtown Los Angeles, coupled with a 51K SF modular manufacturing facility located in Yorba Linda and a satellite construction office in the Grantville district in San Diego.
Impact Housing closed a $25M Series A round of financing in September 2021 and is currently negotiating a term sheet for a secondary capital expansion round for plant capex and PropCo equity estimated at $70M, expected to close Q1 2024. The organization has a board of advisors comprised of the retired CFO and COO of Clayton Homes (Gross revenues $12B, wholly owned by Berkshire Hathaway).
The mission of providing affordable housing is strongly imprinted into the organization’s culture. The company has a flat structure geared towards rapid growth with its manufacturing facility fully booked out through 2025. The business model stabilizes in 2024 with a goal of delivering 800 modules per year in 2025. Because the organization is innovating a new business model within the real estate industry, the culture has great openness to adopting groundbreaking new approaches supported by large-scale data. Impact Housing’s culture balances the intensity that comes with this kind of entrepreneurial work pace with ample opportunities to bond as a team.
POSITION SUMMARY
The Finance Director / Cost Accounting role is to assist with leading an EBITDA-driven vertically integrated manufacturing profit center platform that delivers critically needed products, services, and continuous improvement tools.
Impact Housing currently has contractual MSA (Master Service Agreements) in place for 425 units which translates into approximately $36.7M to the top-line revenue for the operating platform. The current pipeline consists of 3 projects that are fully capitalized with programmatic institutional real estate investment partners. The future pipeline has a growing acquisition project list of 1,600 total units under contract through 2026. Impact Housing anticipates the current headcount of 160 is expected to stabilize at 200 employees by the end of 2024.
SUMMARY OF RESPONSIBILITIES
Impact Housing seeks a Finance Director to lead the company’s finance, analysis, and operational reporting initiatives. The successful candidate will augment the company’s corporate systems and controls and alongside CMO and CFO, oversee the organization’s requirements around financial reporting, financial analysis and modeling and operational accounting, Budget development, cash flow controlling, and supplier base MSA terms & condition management. He or she will be responsible for the financial reporting and analysis for all investments supported by deep financial analysis, financial processes, KPIs and controls, and process improvements. In addition, this position will provide system and process improvement for the ERP.
REPORTING RELATIONSHIPS
The Finance Director / Cost Accounting reports to the Manufacturing Chief Officer and will be working closely with the Chief Financial Officer and at scale, will work with a team of 30 professionals across the organization.
IDEAL PROFILE
The ideal candidate will be a current have experience as a finance professional in a “large assembly” manufacturer or multi-plant operational platform based in Southern California with some commercial real estate developer/general contractor background preferable.
KNOWLEDGE, SKILLS, AND ABILITIES
The successful candidate will have the following knowledge, skills, and abilities:
PERSONAL CHARACTERISTICS
· Able to identify risks as well as opportunities to provide feedback on decisions affecting the financial results. EDUCATION AND TRAINING An Undergraduate degree, extensive Cost Accounting, and ERP experience are required.
COMPENSATION
Impact Housing is an equal opportunity employer and does not discriminate against any employee or job applicant because of race, color, religion, national origin, medical condition, pregnancy, sex, gender identity, gender expression, age, veteran status, physical or mental disability, or other applicable legally protected characteristics.
Click the checkbox next to the jobs that you are interested in.
Accounting Management Skill
Activity-Based Management (ABM) Skill
Platform Accounting Group, Anaheim, CA
The Travel Corporation (TTC), Cypress, CA