VP, Finance (Hybrid)

Company: Macerich
Location: Phoenix
Posted on: November 17, 2024

Job Description:

Great people make great properties. As a shopping center developer of some of the nation's best real estate in top markets, Macerich offers opportunities to work, grow and develop your unique talents. Apply now to help us shape the future of retail real estate while building a meaningful, rewarding, and balanced career. The Position on our Team: As a key member of the Finance team, the Vice President has responsibilities in three key areas: Financings, Budgeting/Forecasting, Loan Portfolio Management/Administration. The Vice President oversees the day-to-day functions of Finance and will assist the SVP in leading, managing and coordinating staff, processes and projects within the department and will assume overall accountability for meeting departmental and company goals. This a full-time, hybrid position with three days of in-office work and two days of remote work. In This Role, You Will: Ability to analyze market conditions, evaluate proposals and execute capital market transactions in order to implement Company's overall capital strategy. Active leadership role in financing due diligence process for new loans and refinancings, including oversight of deal team, managing information flow of the underwriting process, and ensuring satisfaction of post-closing requirements. Review and negotiate loan documents, along with CFO and SVP, Finance. Extensive involvement with key lending relationships. Ensure financial reporting requirements are met under various loan agreements including preparation and/or review of loan covenant calculations and management of quarterly and annual report distribution by dates stipulated within the loan agreements. Effectively manage loan matters including but not limited to partial collateral releases, alterations approvals, lender lease consents, negotiating and securing Subordination, Non-Disturbance, and Attornments (SNDA's), routine loan surveillance issues and lender/servicer communication with existing loan portfolio. Manage financial planning and analysis function, alongside SVP of Finance, including: Manage quarterly forecast and budget process within the department including delegation of tasks, detailed projections for certain line items, preparation of corporate entity projections and portfolio-level forecast assumptions, overall portfolio review and analysis combined with executive report preparation. Manage long-term, five-year forecast modeling and key what-if analysis supporting corporate strategic planning and various capital allocation decisions. Supervise financial analysts and managers, including assignment of projects and deadline management, providing on-going training and development opportunities as well as overall performance evaluation. Assist Executive Team and Investor Relations with executive reporting requests, competition analysis and other related ad-hoc projects. Lead team meetings and discussions regarding departmental matters and propose effective solutions or processes to achieve optimal results. All other duties as assigned. What You Bring to Macerich: Bachelor's degree required, preferably in Real Estate, Finance, Economics or Accounting. Minimum 12+ years professional experience in a real estate property management organization. Significant experience in the management, coordination, and administration of commercial loan portfolios, including capital markets transactions, loan origination/underwriting through loan closing, and on-going loan management and administration. Thorough understanding of real estate analytics, budgeting, and forecasting. Self-starting, proactive, and self-motivated mindsets are an absolute must, along with a proactive approach to abundant and transparent 360-degree communication. Those who wait for the next order or task will not succeed in this role. Similarly, those who do not abundantly communicate vertically and horizontally will not succeed. These are 'table-stakes' requirements for this role. Demonstration of prior departmental leadership is a bonus, but prior supervisorial experience with staff is a requirement. Key leadership skills including the ability to effectively manage, motivate and mentor team members to design and achieve departmental plans or goals. Proven ability to simultaneously manage multiple projects with concrete deadlines, assuring timely and accurate completion of assignments within the department. Excellent written and verbal communication skills for correspondence with both internal and external parties. Intermediate knowledge of accounting software and concepts. Advanced knowledge of Excel. All Macerich employees are expected to demonstrate a high level of integrity, mutual respect, professionalism, and a commitment to working in partnership with our key stakeholders (guests, customers, business partners, and co-workers).All applicants must be able to perform the essential functions of the position, including corresponding core job requirements, with or without a reasonable accommodation. Reasonable accommodations may be made to enable individuals with disabilities (and others in accordance with applicable law) to perform the essential functions of the job, consistent with applicable laws and Company policy. Why You'll Love Working with Us: We know our people make us who we are, and we take pride in recruiting and retaining the best and brightest employees from all backgrounds. We recognize the value of strengthening our workforce with diverse thoughts, voices, ideas and people. This makes our company a rewarding and energizing environment to work in. As an employee with Macerich, you will also benefit from the following: Best-in-class benefits with affordable employee contribution levels. Hybrid work schedule with the ability to work remotely two days per week. Annual paid time off, including vacation time, 12 paid holidays and 80 hours of sick time annually. Savings accounts for your future through 401K and Health Savings Accounts. Participation in the Company stock program at a discount. 24 paid volunteer hours annually and employer charitable match benefit. A sense of belonging fostered by wellness, satisfaction, diversity and inclusion. Why Macerich We create places where people come together. Macerich is reinventing the retail experience bringing together the best of shopping, dining, office, multifamily and experiences to meet the needs of the communities we serve. With 44 properties in some of the most vibrant, bustling cities across the country from New York to California, Macerich is setting the bar for transforming retail real estate into our vision for Regional Town Centers for everyone. Our Culture of Belonging At Macerich, we prioritize diversity, inclusivity, and equity, benefiting our employees, workplaces, and communities. We actively seek talented individuals from diverse backgrounds, recognizing the strength it brings. Our goal is to create a thriving, respectful environment that celebrates uniqueness and fosters learning. We are proud of our practices promoting equal employment and advancement opportunities. Macerich welcomes all qualified applicants, regardless of protected characteristics. For further details, refer to our Anti-Harassment, Discrimination, and Retaliation Policy. We provide reasonable accommodations for individuals with disabilities. Contact our People team for assistance. We strive to be leaders in our industry by operating properties that prioritize responsible stewardship of our resources for the benefit of our tenants, guests, investors, employees, communities, industry partners and the planet. We are also committed to creating a diverse, inclusive, and equitable workplace where all employees can thrive. By prioritizing and investing in our employees, we create value for our workplaces and Regional Town Centers, as well as the communities we serve. Employment Type: Full Time Years Experience: 10 - 15 years Salary: $185,000 - $205,000 Annual Bonus/Commission: Yes

Keywords: Macerich, Scottsdale , VP, Finance (Hybrid), Executive , Phoenix, Arizona