VP of Finance

OverviewChesapeake Homes is an award-winning residential builder in Coastal Virginia, Raleigh, North Carolina, Coastal North Carolina, and Coastal South Carolina.VP of Finance – Updated Job DescriptionResponsibilitiesStrategic Leadership & Company PerformanceCollaborate with the President, and executive leadership team to drive strategic planning initiatives that align with corporate objectives and long-term growth.Identify and evaluate key business risks and opportunities, using financial and market data to support strategic decision-making across the organization.Lead the financial modeling and analysis to support expansion, M&A activity, and new investments, including scenario planning and ROI assessments.Serve as a key advisor in the development and execution of strategic initiatives including diversification, market positioning, and scalability.Establish and maintain strategic relationships with external stakeholders including banks, financial institutions, legal advisors, and investment partners.Represent the company in strategic investor discussions, capital-raising initiatives, and due diligence processes as required.Work with Division Managers – review monthly financial results with each division manager.Financial Close, Analysis & ReportingMonthly financial close – review margin report, income statement, balance sheet, and supporting schedules for accuracy during the monthly close process; analyze significant variances from budget; ensure financial books are accurate and complete; prepare GM analysis for monthly financial book.House scrubs on closings – review house scrubs prepared by purchasing and analyze any significant variances to budget.Assist the president and senior management team with various analysis requests on an ongoing basis.Planning & Operations SupportAnnual Business Plan – compile and prepare the annual business plan for each division, ensuring sales, closings, margins, and overhead numbers are projected with accuracy.Visit divisions on a semi-annual basis – tour product, model parks, homes under construction; meet with division managers to identify how we can better assist surance – work with the insurance broker on annual policy renewals (General Liability, Builders Risk, Workers Compensation).Budgeting & Expense ControlSales Pricing – review base prices, lot premiums, incentives, and absorption weekly to maximize pricing opportunities; review CMAs prepared by community sales teams; maintain system base price munity proformas – maintain current prices, direct cost, low cost, incentives; update changes monthly to monitor gross margins.Backlog Reporting – review & update weekly for accuracy; review margins on new pre-sale starts, new sales, community averages; compare to business plan projections.House starts – review AFF, House Scrub Report and Elevation Comparison Report; update start spreadsheet and ensure costs align with current base budgets; discuss variances with purchasing.Rebate tracking – maintain annual rebate schedule; coordinate with manufacturers for quarterly and annual rebates; verify rebate amounts received.Option Pricing – review quarterly; maximize profit margins on options; review option margins on sales proformas.Weekly Sales – review system Sales Proforma for each new sale; ensure pricing and incentives align with current offerings.Plan base directs – review costs of new plan offerings; ensure costs align with other community plans and cost per square ventory – manage spec/presale start mix with team to control sold and unsold inventory levels.Financial Forecasting & Investor RelationsLead all financial forecasting, modeling, and budgeting activities with a forward-looking, strategic lens.Manage monthly profit projections and report to senior management to inform decision-making.Coordinate with department leaders to ensure financial discipline across operational planning.Lead interactions with current and prospective investors, delivering clear financial narratives that communicate company performance and strategic direction.Develop and present investor packets, financial models, and business plans in coordination with the President and executive team.Prepare detailed investor reports and lead financial briefings during shareholder and board meetings.Participate in capital raising efforts, investor roadshows, and financial due diligence with external partners.Department Supervision & GovernanceOversee the accounting and finance departments, ensuring staff development, cross-training, and efficient workflows.Supervise contract administration and financial compliance with emphasis on speed, accuracy, and risk mitigation.Implement and uphold strong corporate governance standards, internal controls, and compliance practices.Education and ExperienceBachelor’s degree in a relevant discipline; master’s degree or MBA preferred.Minimum 5-7 years in senior financial leadership roles, ideally within the residential construction or real estate sector.Proven experience engaging with investors, lenders, and financial institutions in strategic and fundraising contexts.Required Skills and AbilitiesDeep understanding of financial management, including P&L, balance sheet analysis, and cash flow forecasting.Strategic thinker with strong business acumen and experience in investor communication and corporate development.Excellent interpersonal and communication skills to engage with executive stakeholders and external partners.Ability to thrive in a dynamic, fast-paced environment and influence strategic outcomes through financial insight.How to ApplyIf you're interested in applying for this position, contact Jamie Purcell, HR Manager at . #J-18808-Ljbffr

Created: 2025-09-25