JV Finance Manager

Posted 2 Days Ago
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32751, Maitland, FL
Senior level
Real Estate
The Role
The JV Finance Manager at Taylor Morrison is responsible for overseeing day-to-day financial operations of joint ventures, including reviewing financial statements, managing budgeting processes, coordinating with partners, and ensuring compliance with corporate policies. The role requires strong leadership in financial management and knowledge of cost accounting, particularly in land development and construction.
Summary Generated by Built In

Job Description Summary

As a JV Finance Manager working for Taylor Morrison, you will be responsible for working with the VP of Finance to review the JV financial statements, lot takedowns, land development costs, cost accounting, forecasting, and more.

Job Details

We trust that as a JV Finance Manager you will: (responsibilities)

  • Responsible for day-to-day management and operations of JV.
  • Serve as the liaison between the JV partners with respect to decision making and general business operations.
  • In coordination with the division’s Vice Presidents, responsible for the land development process, including completion of Investment Committee applications (for both limited partners), budgeting, engineering, design, planning, entitlements, scheduling, forecasting, and consultant oversight. 
  • Review all Contractor Agreements, Payment Applications, and Change Orders.
  • Review and approve all land closing Settlement Statements.
  • Coordinate and collect all Special District bond reimbursements payable to the JV.
  • Maintain insurance coverage for each JV.
  • Ensuring compliance and requirements necessary to remain unconsolidated.
  • Organize, lead, and conduct Partner Meetings with representatives of the limited partners, including Division Presidents, VP Land Development, VP Land Acquisition, VP Finance and JV team members.
  • Oversee the preparation of semi-annual budget updates and prepare narrative for mid-year budget memo, annual Business Plan, and cash flow projections. Responsible for submission and presentation to Investment Committee.
  • Review/approve financial statements before submission to limited partners.
  • Ensure all development and overhead budgets are updated and maintained on a quarterly basis.
  • Prepare and submit all lot takedown requests for corporate approval.
  • Support the VP of Finance in providing financial management expertise for all the division’s JV’s.
  • Weekly and Monthly Unit Report Reconciliation.
  • Relative Sales Value (RSV) Calcs / Lot Cost Allocation accuracy and schedules.
  • Weekly Cashflow Forecast Due to Treasury.
  • Review month end financials and provide commentary to region concerning the Finance aspects of the JV’s performance while maintaining a 3-day closing schedule.
  • Ensure that corporate financial policies and procedures are adhered to.
  • Responsible for accuracy of financial reports as assigned duties.
  • You are willing to perform other duties as assigned.

What you will need: (competencies, behaviors & attributes) 

  • Business Acumen
  • Customer Focus
  • Developing Direct Reports and Others
  • Drive for Results
  • Priority Setting
  • Self-Knowledge

About you:

  • Bachelor’s degree in Accounting or Finance
  • Seven years of experience in Finance/Accounting
  • Accounting experience, preferably in the homebuilding, land development and/or construction industry
  • Experience with finance systems and software
  • Knowledge of cost accounting (specifically construction industry)
  • Prior experience managing and training accounting/finance personnel
  • Computer literacy, including excellent Excel skills
  • Credit report in good standing

FLSA Status: Exempt

Will have responsibilities such as:

  • Determining work techniques.
  • Planning the work.
  • Apportioning work among employees.
  • Determining the types of equipment to be used in performing work, or materials needed.
  • Planning budgets for work.

Essential Functions:

Successful job applicants will be able to perform these functions. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions.

  • Report to VPF and adhere to deadline schedules.
  • Ability to oversee direct reports daily and provide guidance as needed.
  • Ability to access, input, and retrieve information from a computer and/or electronic device.
  • Ability to have face to face conversations with internal and external customers, co-workers and higher-level manager.
  • Ability to sit or stand for long periods of time and move around work environment as needed.
  • Ability to operate a motor vehicle.
  • Comply with company policies and procedure.

Physical Demands:

  • Must be able to able to remain in a stationary position 50% of the time
  • The ability to frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds

*Taylor Morrison experience and/or successful completion of training program may override required education and/or experience requirement.

Job descriptions are not intended as, nor should be construed to be, exhaustive lists of all responsibilities, skills, efforts, or working conditions associated with a job. They are intended to be accurate reflections of those principal job duties and responsibilities essential for making fair pay decisions about the job.

#LI-KG1

Benefits of Working With Taylor Morrison

We are looking for dedicated professionals that share our values of putting the customer - and their needs - first. In addition to a great team atmosphere, career development and advancement opportunities, we offer full-time employees an extensive benefits package, to include:

  • Competitive Compensation
  • Health Care - Medical/Dental/Visio​​n/Prescription​​ Drug Coverage
  • 401(k) with Company Matching Contributions
  • Flexible Spending Accounts
  • Disability Programs
  • Employee & Dependent Life Insurance
  • Vacation & Company Holidays
  • Tuition Reimbursement
  • Employee Home Purchase Rebate Program
  • Home Mortgage Program
  • Employee Assistance Program (EAP)

Top Skills

Excel
The Company
HQ: Scottsdale, AZ
2,884 Employees
On-site Workplace
Year Founded: 2007

What We Do

Taylor Morrison is a national homebuilder and land developer with a whole lot of heart and the fearlessness to challenge the status quo. Whether we’re supporting our customers on the cusp of change to Make Moves, inspiring our team members to uphold our culture we affectionately call TMLiving and fulfill our promise to ‘Love the Customer,’ or innovating the homebuying experience into the very best it can be, it’s our people who fuel our passion for making Taylor Morrison the perfect place to call home.

We’re honored to hold the title of America’s Most Trusted® Home Builder by Lifestory Research for six years running, and for being named one of Fortune Magazine’s World’s Most Admired Companies in 2019 and 2020 and one of Glassdoor’s Best Places to Work in 2018 and 2020. Our efforts to make the homebuilding industry more representative and inclusive have also been recognized with a three-time inclusion on Bloomberg’s Gender Equality Index in 2019, 2020 and 2021. These accolades, paired with our esteemed company culture, unwavering commitment to sustainability, philanthropy and healthy living, and dedication to elevating the customer and employee experience make us a great choice for potential homebuyers and future team members alike.

Today, Taylor Morrison and our family of brands build in 11 states and 22 major markets—securing us the No. 5 spot for the nation’s largest homebuilders. To make the homebuying journey as seamless as possible, we also offer a one-stop-shop experience through our suite of in-house financial services, including mortgage, title services and insurance. With a legacy spanning over 100 years, whether you’re considering joining our family as a customer, team member or valued trade partner, we can’t wait to welcome you home.

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