Vice President of Finance

Job Details: Job Location: Corporate Office - Farmington Hills - Farmington Hills, MI 48331, Position Type: Full Time, Job Category: Finance, Vice President of Finance

Farmington Hills, Michigan | Reports to: President

Position Summary

The Vice President of Finance provides enterprise-wide financial leadership for Friedman's integrated real estate and operating businesses, including commercial and multifamily property ownership, third-party property management, construction, commercial brokerage, mortgage brokerage, mechanical services, and court-appointed receivership and fiduciary assignments.

The VP provides executive oversight of Accounting and Financial Reporting, Treasury, Financial Planning and Analysis, and Insurance and Risk Management. This leader is responsible for creating a consistent financial framework across multiple business units and legal entities while recognizing the distinct operating models, reporting requirements, risks, and performance drivers of each business.

Working closely with executive leadership and business-unit leaders, the VP translates the organization's growth strategy into operating plans, budgets, forecasts, capital requirements, and measurable financial objectives. The role delivers timely and meaningful financial reporting that allows leadership to understand profitability by business unit, property, project, client, and legal entity; evaluate performance; anticipate liquidity and capacity needs; and allocate resources effectively.

The VP will also lead the continued modernization of the Finance function through technology, automation, process standardization, and improved data visibility. The successful candidate will combine strong financial judgment, operational understanding, and technological fluency to build a scalable financial organization capable of supporting continued growth and increasing business complexity.

Key Responsibilities

Enterprise Leadership and Accountability

• Lead Accounting and Financial Reporting, Treasury, Financial Planning and Analysis, and Insurance and Risk Management across the enterprise.
• Establish clear priorities, performance expectations, service standards, and measurable outcomes for Finance and its functional leaders.
• Develop and mentor departmental leaders while building organizational capacity, accountability, and succession depth.
• Ensure that Finance operates as a responsive strategic partner to executive leadership, business-unit leaders, property teams, and clients.
• Align financial priorities, staffing, systems, and resources with the organization’s annual goals and long-term strategy.
• Reinforce operational discipline, ownership, accountability, and service excellence throughout the Finance organization.

Strategic Planning and Business-Unit Performance

• Partner with executive and business-unit leaders to convert strategic objectives into annual operating plans, budgets, forecasts, capital requirements, and performance targets.
• Develop reporting that provides clear visibility into revenue, profitability, cash flow, working capital, and resource utilization by business unit, property, project, client, and legal entity.
• Establish meaningful key performance indicators for Friedman’s property ownership, property management, construction, brokerage, mortgage brokerage, mechanical services, and receivership businesses.
• Lead annual budgeting, periodic forecasting, monthly financial reviews, and variance analysis across the enterprise.
• Evaluate growth opportunities, capital investments, acquisitions, new service offerings, and other strategic initiatives from a financial and operational perspective.
• Identify underperforming operations, margin pressures, capacity constraints, and emerging risks, and work with business leaders to develop corrective action plans.

Accounting and Financial Reporting

• Provide executive oversight of accounting, financial reporting, consolidations, budgeting, forecasting, internal controls, and financial analysis across multiple business units and legal entities.
• Ensure the timely and accurate preparation of corporate, property-level, project-level, client, lender, investor, and court-required financial reports.
• Oversee accounting for Friedman-owned commercial and multifamily assets, third-party management engagements, construction projects, brokerage operations, mortgage brokerage activities, mechanical services, and receivership assignments.
• Develop consistent accounting policies, reporting standards, close procedures, and control structures while accommodating the distinct requirements of each business.
• Strengthen visibility into business-unit and project profitability through disciplined cost allocation, job costing, revenue recognition, and intercompany accounting.
• Maintain effective controls over cash receipts, disbursements, payroll, commissions, project costs, client funds, receivership funds, and other restricted or fiduciary accounts.
• Coordinate annual audits, tax reporting, lender reporting, and other financial compliance requirements with internal teams and outside professionals.

Treasury, Liquidity and Capital Management

• Provide executive oversight of enterprise cash management, liquidity forecasting, banking relationships, debt compliance, and capital allocation.
• Develop consolidated and business-unit-level cash forecasts that anticipate operating requirements, capital expenditures, debt service, fiduciary obligations, and growth needs.
• Oversee bank accounts, authorized signers, cash controls, wire and ACH protocols, and the segregation of corporate, property, client, project, and receivership funds.
• Monitor debt obligations, lender covenants, borrowing availability, and refinancing requirements for Friedman and its owned real estate portfolio.
• Optimize the deployment of cash while maintaining appropriate liquidity, controls, and safeguards across the organization.
• Support financing, refinancing, acquisition, disposition, and capital-project decisions through financial modeling and analysis.

Construction, Project and Service-Business Finance

• Establish and maintain financial controls for construction and mechanical projects, including budgeting, job costing, committed-cost reporting, change-order tracking, billing, collections, and project-level margin analysis.
• Provide business leaders with timely reporting on backlog, work in process, project performance, gross margin, labor utilization, and cash requirements.
• Develop appropriate financial reporting for brokerage and mortgage brokerage operations, including transaction pipelines, commissions, receivables, and profitability.
• Ensure that shared-service costs and intercompany transactions are allocated consistently and transparently among business units and legal entities.
• Partner with operating leaders to improve pricing, margin management, billing discipline, collections, and working‑capital efficiency.

Insurance, Risk Management and Compliance

• Provide executive oversight of the organization’s insurance, risk management, and related compliance functions.
• Lead and develop the Insurance and Risk Manager and ensure that the function has the authority, resources, systems, and support necessary to meet organizational objectives.
• Oversee insurance strategy, coverage adequacy, claims management, renewals, contractual insurance requirements, and asset‑protection initiatives.
• Support disciplined contractual risk transfer across property management, construction, brokerage, mechanical, lending, and other operations.
• Coordinate with Legal, Human Resources, Operations, and business-unit leaders to identify and mitigate financial, contractual, regulatory, operational, and fiduciary risks.
• Ensure that financial controls appropriately address client funds, receivership assets, construction funds, commissions, and other regulated or restricted accounts.

Technology, Systems and Process Improvement

• Lead the modernization and integration of financial systems, reporting tools, workflows, and controls across the enterprise.
• Identify opportunities to automate recurring accounting, reporting, reconciliation, forecasting, and approval processes.
• Improve data quality and establish reliable reporting that provides leadership with timely, consistent, and actionable information.
• Standardize processes where appropriate while preserving necessary controls and operating distinctions among business units.
• Evaluate the responsible use of AI and other emerging technologies to improve productivity, accuracy, analytics, and decision support.
• Develop scalable systems and processes capable of supporting organic growth, acquisitions, new service lines, and increasing transaction volume.

Qualifications

Required Experience

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• At least 10 years of progressively responsible finance or accounting experience, including substantial leadership responsibility.
• Demonstrated experience leading experienced managers and building high-performing, accountable teams.
• Experience overseeing accounting, financial reporting, treasury, budgeting, forecasting, financial analysis, and internal controls.
• Experience working within a multi-entity or multi-business-unit organization.
• Strong knowledge of consolidated financial reporting, cash management, financial controls, and business-unit profitability analysis.
• Ability to evaluate complex financial, operational, contractual, and risk considerations and communicate conclusions clearly to executive and operating leaders.
• Demonstrated success improving financial systems, processes, reporting, and organizational scalability.

Preferred Experience

• CPA, MBA, or other relevant advanced credential.
• Senior finance leadership experience in commercial or multifamily real estate.
• Experience with property management accounting and reporting for owned assets, third-party clients, lenders, investors, or court-supervised assignments.
• Experience supporting construction, mechanical contracting, brokerage, mortgage brokerage, or other project- and transaction-based businesses.
• Familiarity with project accounting, job costing, work-in-process reporting, commissions, intercompany accounting, and shared-service allocations.
• Experience leading organizational change, systems implementation, automation, and process‑improvement initiatives.
• Experience in an EOS or comparable accountability-based operating environment.

Key Competencies

Leadership and People Development

• Accomplished leader of leaders who establishes clarity, accountability, and measurable expectations.
• Demonstrated ability to recruit, coach, mentor, and develop strong functional leaders.
• Sound judgment and the willingness to address performance, control, and accountability issues directly.
• Ability to build a service-oriented Finance organization that supports operations without compromising financial discipline or controls.

Strategic and Commercial Thinking

• Enterprise-wide perspective coupled with an understanding of individual business-unit economics.
• Ability to connect strategy, operating performance, financial results, cash flow, risk, and resource allocation.
• Strong analytical judgment and the ability to challenge assumptions constructively.
• Ability to balance long‑term organizational objectives with immediate operating and liquidity requirements.

Operational and Financial Acumen

• Broad command of accounting, financial reporting, treasury, planning, insurance, risk management, and internal controls.
• Ability to understand the economics of property operations, construction projects, service businesses, and transaction-based operations.
• Strong attention to detail without losing sight of enterprise priorities.
• Ability to identify the operational causes behind financial results and work with business leaders to improve performance.

Communication and Influence

• Executive presence and credibility with senior leadership, business-unit leaders, lenders, clients, and outside professionals.
• Ability to translate complex financial information into clear conclusions and practical recommendations.
• Strong cross‑functional influence and the ability to build alignment among leaders with different priorities.
• Direct, concise, and transparent communication style.

Success Profile

The successful Vice President of Finance will create a unified financial framework across Friedman’s diverse real estate and operating businesses while preserving the reporting, control, and decision‑support capabilities each business requires. This leader will improve visibility into profitability, cash flow, project performance, capital needs, and organizational risk, enabling executive and business‑unit leaders to make faster and better‑informed decisions.

This individual will be an accomplished leader of leaders who strengthens accountability, developing capable functional leadership, and b...