Division Finance Officer

Property:  131 THEORY (2146)

Irvine, CA, 92617

Division:  Apartments - Corporate (Apt Corp)
Req ID:  34968

Position Summary:

Irvine Company seeks a talented, motivated, and experienced real estate finance professional to join its large and growing Apartment division as Senior Vice President, Division Finance Officer. Reporting to the Division President and serving as the Apartment Division’s chief financial officer, this Senior Vice President, Division Finance Officer (DFO) will be responsible for maximizing the long-term financial performance of the Company’s world class apartment portfolio, analyzing the allocation of capital, and establishing and maintaining a culture of financial rigor and financial accountability.


More specifically, the successful candidate will collaborate across functional lines and bring a contemporary finance lens to all major business and capital decisions (leasing, operating, development, redevelopment, acquisition), supported by rigorous quantitative and qualitative analysis. The ideal candidate will have the conviction, confidence, and experience to integrate financial rigor with strategy, and the managerial skills and gravitas to ensure all investments and business initiatives are supported by a sound financial case and thoughtful risk analysis. In some cases, this will require constructively challenging the assumptions offered by the development, leasing, and operating teams, as well as the Division President, with the goal of improved outcomes for the business. To emphasize both the importance and independence of the DFO position, the DFO (along with the DFOs in Office, Retail, and Homebuilding) will have a dotted line reporting relationship with the Irvine Company President and CFO. Success in this role will be measured by the DFO’s ability to enhance or redesign a system where decisions are made in all important areas of the business that are grounded in strong financial discipline. This system must be scalable, and ultimately will create a “checks and balances” function to ensure that all recommendations are grounded in agnostic analytics. In addition to the day-to-day financial responsibilities, over the longer-term the DFO will be charged with deepening the Apartment Division’s culture of financial rigor, discipline, and accountability.


Supported by a team of 8 skilled finance professionals, this role involves the development and implementation of analytical tools, frameworks, and governance protocols, as well as the role-modelling of contemporary financial skills for staff both inside and outside the Apartment division’s finance department. At Irvine Company, the Accounting, Information Technology, and Corporate Finance (i.e. mortgage financing) functions for the real estate business units are centralized, reporting into the Irvine Company President and CFO. While the DFO will have significant influence over these functions on behalf of the Apartment division, s/he will do so through collaborative executive influence versus a direct reporting relationship.

Job Duties:

Specifically, the DFO will have the following responsibilities:

  • Track and monitor the overall financial performance of the Division including direct P&L responsibility. Analyze revenue and expense trends, manage costs and capital expenditures, and work to optimize overall financial results.
  • Supervise and lead the preparation of the Division’s periodic financial reports including financial plans, recurring financial forecasts, and multi-year long-range strategic plans, and create processes that drive accountability for results; work closely with Division President to implement and monitor progress against plan milestones.
  • Deliver thorough and contemporary financial analysis supporting all key strategic decisions of the Division; scrutinize the business and financial case for the decision, analyze risks and return, and where required, package and present the proposal to the Company’s Investment Committee.
  • Continually and actively monitor the division’s significant pipeline of development and reinvestment projects; track performance against budgets and ROI targets and use findings to inform forward strategy.
  • Ensure appropriate financial controls over the leasing and operations functions, including tenant credit and capital costs. Monitor, analyze, and challenge leasing /operations assumptions, and ultimately approve / reject decision on financial merits. Ability to leverage technology to enhance overall efficiency a plus.
  • Serve as senior strategic advisor to the Division President, able to provide a candid and independent view on the overall performance of assets, portfolios, markets, and people. Key role in developing overall division strategy.
  • Provide overall leadership and direction the Finance team, including responsibility for staff selection, development, and role-modeling; develop and maintain a high performing and contemporary finance function.
Minimum Qualifications / Other Expectations:
  • Must have real estate finance, investment or banking background honed through years of experience at a public or private REIT, a real estate operating company, or an investment or major commercial bank. Alternatively, this individual may today be within a vertically integrated private equity or actively managed pension fund platform.
  • Meaningful exposure to Apartment asset class in the U.S is mandatory.
  • Steeped in financial acumen with strong analytical rigor, this professional will have a minimum of 15 years’ experience and ideally an MBA.
  • Business leader with strategic planning, gravitas and executive influence to interface at the highest levels of the Irvine Company organization.

About Us:
Irvine Company is a privately held real estate investment company and master-planner committed to creating and sustaining communities that thrive for generations.

Irvine Company is respected for its master planning and environmental stewardship of the Irvine Ranch in Orange County, including diversified operations throughout coastal California. Irvine Company brings to life neighborhoods and sustainable communities with a full range of housing, jobs, retail centers, schools, parks and open space.

We take as much pride in our employee community as we do the communities we create. It’s an environment populated with talented and experienced people, a collaborative spirit and abundant opportunities.

Apply today to join our employee community, and learn more about Irvine Company, our legacy and our guiding principles.

Irvine Company is committed to providing equal opportunity in all of our employment practices, including selection, hiring, promotion, transfer, compensation, termination, and training, without regard to race, religion, color, sex, sexual orientation, gender, gender identity, national origin, ancestry, citizenship status, marital status, pregnancy, age, medical condition, genetic information, military and veteran status, disability, or any other basis protected by federal, state, and local law. Reasonable accommodation is available for qualified individuals with disabilities, upon request.

Nearest Major Market: Irvine California
Nearest Secondary Market: Los Angeles

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