VP of Finance

Chesapeake 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 Description
Duties/Responsibilities:

Strategic Leadership & Company Performance

• Collaborate 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. 
• Monthly financial close – review margin report, income statement, balance sheet, 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.  Analyze any significant variances to budget. 
• Assist company president and senior management team with various analysis requests on an ongoing basis.
• Annual Business Plan – with assistance from team members, compile and prepare the annual business plan for each division.  Ensure sales, closings, margins, and overhead numbers are projected with the best degree of accuracy.
• Visit divisions on a semi annual basis- Tour product, model parks, homes under construction.  Meet with the division managers to determine how we can better assist them.
• Insurance – work with insurance broker on annual policy renewals (General Liability, Builders Risk, Workers Compensation).

• Sales Pricing – review base prices, lot premiums, incentives, and absorption each week to ensure every opportunity to increase pricing.  Review CMA’s prepared by community sales teams.  The VP of Finance maintains all system base price changes.
• Community proformas – maintain current prices, direct cost, low cost, incentives.  Review and update changes monthly to monitor gross margins.
• Backlog Reporting– review & update weekly for accuracy.  Review margins on new pre-sale stars, new sales, community averages.  Compare to business plan projections.
• House starts – review AFF, House Scrub Report and Elevation Comparison Report for each start.  Update start spreadsheet, ensure costs are in line with current base budgets.  Discuss any large issues or variances with the purchasing manager.
• Rebate tracking – maintain annual rebate schedule.  Send quarterly closing information to manufacturer reps (for rebates paid quarterly).  Send annual closing information for rebates paid annually.  Review checks received to ensure we collect the correct rebate amount.
• Option Pricing – ensure that option costs/pricing is reviewed quarterly in every community.  Ensure that we are maximizing profit margins on options.  Review option margins on sales proformas.
• Weekly Sales – review system Sales Proforma for each new sale.  Check pricing and ensure incentives are in line with current offerings. 
• Plan base directs – review costs of new plan offerings.  Ensure costs are in line with other community plans and cost per square foot.
• Inventory – manage spec/presale start mix with team to control the appropriate sold and unsold inventory levels.

• Lead 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. Investor Relations and Shareholder Engagement
• Lead interactions with current and prospective investors, delivering clear and compelling 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.

• Oversee the accounting and finance departments, ensuring staff development, cross-training, and efficient workflows.
• Supervise contract administration and financial compliance with an emphasis on speed, accuracy, and risk mitigation.
• Implement and uphold strong corporate governance standards, internal controls, and compliance practices.

• Bachelor’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.

• Deep 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.

If you're interested in applying for this position, contact Jamie Purcell, HR Manager at jpurcell@lmssi.com.