Chief Financial Officer
: Job Details :

Chief Financial Officer

Stonefield Home, Inc. / Ranchwood Contractors, Inc. / Hostetler Ranches, LLC

Opportunity Overview

The CFO will work closely with the sole owner and is the financial quarterback for the controlled group of 30 companies. The CFO is everything “Inside” the Company and provides the freedom for the owner to work the “Outside”.

The role demands an individual who can lead the internal accounting and finance teams, manage banking relationships, direct the outside CPA firm, coordinate legal counsel, and manage all internal operations.

The personal profile for the role requires an ability to solve complex problems and complete creative transactions while coping with the inherent pressure of multiple businesses. The individual must have impeccable integrity and a deep appreciation for confidentiality of all business operations.

The role is located at Company headquarters in Los Banos, California.

Objectives for the Role

• Run on pace with owner, “Riding for the Brand”
• Full commitment
• Respond and execute upon the visions of owner
• “Make Dust versus Eat Dust”
• Capable of independently charting courses to solutions
• Know the bottom-line result versus presenting detailed financials
• Know the knowable within your sphere
• Maintain excellent banking relationships
• No confusion on what was said, the spoken word is your bond
• You never “Dance” for owner

The Company

The Company is located in the heart of the San Joaquin Valley and operates three primary entities with 27 related subsidiaries. The Company is the largest privately owned and vertically integrated single-family home builder and one of the largest private employers in Los Banos with a headcount greater than 100. The Company is a pillar in the community having funded charities, led Food Drives, supported medical facilities, and is a large supporter of the Leukemia and Lymphoma Society as well as several other charities.

Stonefield Home, Inc. is the landowner, designer, developer, and seller of single-family homes. Ranchwood Contractors, Inc. performs the “offsite” work of converting raw land into buildable finished lots. Hostetler Ranches, LLC farms almonds and pistachios which serve as a land bank for future residential and commercial development.

Stonefield is the largest privately owned home builder in the Central Valley and has been in the new home construction business since 1984. The company builds 100 to 200 homes per year, priced from $375,000 to over $650,000, representing the ideal variety for the first-time buyer. For 2024, the company is targeting to sell over 200 new single-family homes in addition to 300 to 400 finished lots. Los Banos has been the company's historical focus for home construction, but that is rapidly expanding in Merced, CA, with an emphasis on servicing the UC Merced campus expansion. The company relies on two general contractors to build its single-family homes.

Ranchwood Contractors performs the necessary operations of converting raw land into buildable finished lots as the “offsite” construction entity. The company employs almost 50 people and is a seasoned team that consistently delivers over 400 finished lots a year. The exceptional “offsite” operations team has created a sustainable competitive advantage for Stonefield home sales.

Hostetler Ranches currently farms over 4,000 acres of almonds and pistachios. The farming operations have been expanding since their inception in 1971 with over 25 current employees. The processing of these orchards is outsourced and provides consistent revenue as a land banking source until home building represents a better opportunity.

The Company has consistently grown revenues to roughly $200 million per year. The pristine balance sheet sits on a foundation of significant equity with minimal debt. Cash flow is managed for land acquisitions while balancing home building requirements.

The Opportunity

The CFO will work closely with the owner ascertaining what analytics, budgeting, planning, and other financial tools will be most important in terms of managing the profitability of the combined companies. These financial insights will be converted into actionable business plans.

The CFO will quarterback all things financial and be the lead person for all things internal. The CFO will bear the expectation of acquiring deep knowledge for the nuances and details of all business projects. Prior experience in home building and/or farming will be beneficial.

The CFO must have outstanding financial skills relevant to consolidating multiple companies, cost accounting, capital allocation, and financial planning.

The direct reports for the CFO will be Human Resources, IT, and all aspects of Accounting and Finance.

The expectation is to know the knowable and deliver results meeting the vision of the owner.

Personal Characteristics

• Integrity
• Problem Solving
• Coping with Pressure
• Handling Authority
• Personal Communication
• Confidentiality
• Working with Numbers

Primary Responsibilities

• Respond and execute for owner
• Review financial statements
• Coordinate tax payments
• Oversee and lead the headquarters office
• Hiring direct reports
• Maintain banking relationships
• Engage legal counsel
• Oversee systems implementation
• Monthly close

Compensation

The Company is an equal opportunity employer that offers an excellent salary with generous benefits. The benefits include full medical benefits, a retirement plan, and various holiday compensation.

The bonus plan is driven by overall Company, department, and individual performance.

Job Type: Full-time

Pay: $175,000.00 - $275,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Work Location: In person