Experience

Frye Properties, Inc

• United States
• Real Estate
• 1 - 100 Employee

• Vice President of Development

  • Jul 2010 - Present

  Responsible for the management and oversight of assigned properties, including condominium sales and marketing, maintenance and association management oversight, with direct responsibility and accountability to the owning partnership. Duties and Responsibilities• Manage the sales teams on condominium projects, which include supervising the office coverage, ensuring proper follow up, tracking and reporting by office staff, assisting with contracts and contract negotiations, and producing documents to facilitate closings.• Manage and oversee the marketing of condominium projects, which includes researching advertising opportunities and making recommendations to the partners, maintaining and updating property website, designing and placing advertisements, and facilitating community events. • Manage and oversee the Homeowners Association and the HOA manager, including preparing the annual budget, reviewing both collections and expenditures, attending the annual homeowners meetings.• Complete financing, grant and other miscellaneous applications for the properties as needed (FHA/VA/Fannie/Freddie/SPARC funds/FEMA Letter of Map Amendment). • Analyze potential multi-family acquisitions and development opportunities, using financial and marketing analysis, and report findings to CEO, which requires the ability to understand financial statements (particularly statements of cash flow) and interpret the reliability and validity of numbers.• Analyze statements of cash flow, budgets, and financing to improve multifamily property performance.• Utilize project management protocols and techniques to plan and effectively execute projects; identify critical activities to accomplish and formulate action plans, milestones, and resource requirements; monitor project performance and make necessary adjustments to project completion.• Set project quality/performance standards.• Construct financial models/justifications.• Establish operational baselines.



Jones & Frank Corp

• Chief Financial Officer (CFO)

  • Sep 2008 - Mar 2010

  Major areas of responsibility and oversight included:• Forecasting and executing an annual budget with a focus on expense reduction. Successfully negotiated reductions in bank and charge card fees, health insurance rates with objective to convert to self funding, IT MPLS circuit charges, external IT contract support costs, corporate hotel rates, revised credit policy to standardize decision making and reduce risk, revised corporate cell phone policy. • Management of monthly corporate cash flow• Sales and use tax, workers compensation, and 401k audits• Supervision of audited financial statements and tax returns• Negotiating line of credit with lenders• Management and control of inventory to ensure maximum turns. Successfully managed conversion from an annual physical inventory count process to monthly cycle counting to facilitate better inventory control in a three month period. • Administration of 401k plan• Processing of payroll • Supervision of human resources• Management of information technology systems and support. Successfully managed conversion to new VOIP phone system on a MPLS network, changed from internal to external IT support, and converted to a single virtual machine server environment replacing multiple outdated servers in a six month period• Accountability for the financial information during sales presentations and due diligence audits over an nine month period culminating in a successful multi-million dollar sale and transfer of ownership in December 2009 in which Jones & Frank was acquired by a private equity group



Frye Properties Inc

• Vice President for Operations

  • Aug 2002 - Sep 2008

  Frye Properties, Inc. provides asset and property management services including; budgeting, capital improvement schedules, maintenance and repairs, leasing, marketing, rehabilitation, construction, and sales. The company’s multifamily portfolio included more than 3,400 housing units located in Virginia, North Carolina, South Carolina, and Georgia. 2005 – 2008 Vice President for Operations Major areas of responsibility and oversight included:• Providing direction, motivation, and problem resolution for Asset Managers with oversight of multiple multifamily complexes• Strategic planning and adherence to annual operating and capital expense budget objectives• Ensuring compliance with all applicable Federal and State regulatory requirements for tax credit properties and affordable housing properties• Negotiations with financial institutions related to apartment and condominium financing• Preservation of asset value via capital improvements, maintenance, and repairs • Marketing programs to ensure maximum occupancy and revenue achievement• Oversight of company and apartment web site development• Managed the conversion from client to web based property management software allowing real time monitoring and control of expenses at remote locations. 2002 – 2005 Controller • Production, review, and trend analysis of monthly financial statements. Footnotes, explanations, and recommended corrective action plans provided to CEO/President. • Creation of annual budgets and forecasting of revenues, expenses, and cash flows• Supervision of annual financial statement and tax return audit• Processing of payroll, management of human resources, payroll processing, supervision of accounts payable and accounts receivable collections • Administration of the company health insurance plan