Open Positions:

*Note – Positions are Full-time and Non-remote

Who are we?

CapRock is one of the leading industrial investors and developers in the Western United States. We specialize in acquiring middle‐ market value‐add industrial properties, generally between $20M‐$50M per acquisition and large‐scale Class A logistics developments in California, Arizona, and Nevada. Since 2009, we have acquired, developed, or have in our pipeline more than 20,000,000 square feet of industrial real estate.

What do we do?

Do you have a fun, fast‐paced, creative problem‐solving, get‐it‐done mindset of an entrepreneur? Do you take pride in your work striving for the highest levels of quality and excellence, but don’t take yourself too seriously? If so, you’ll love being on our team. Our goal as a company is to provide our investors institutional quality with an entrepreneurial spirit. That goal extends to our finance and accounting team as we strive to deliver best‐in‐class high‐quality reporting and analysis for investors, external counterparties, regulators, and management decision making. Our team works with the Company’s teams as a business partner rather than a back‐ office function.

What do we value?

We take our values seriously, do these values inspire you? If so, you’ll love working here:

  • PEOPLE before projects
  • Strive for EXCELLENCE
  • FIDUCIARY responsibility is a sacred trust
  • INTEGRITY always
  • BLESSED to be a blessing
  • Industrial real estate is a TEAM SPORT
  • NO is not an answer

Position Overview

As the Accounts Payable Specialist, you are responsible for end-to-end accounting related to invoice processing including payment processing. You will interact daily with the Development Managers, Asset Managers, and Property Manager help make sure our vendors are paid as fast as possible. You will be the primary point of contact for the processing of all invoices as well as vendor setup, onboarding, and monitoring (e.g. insurance requirements, lien releases, etc.). A primary focus of this role will be to get general contractors and other key vendors paid quickly in order to keep the project moving forward. You will be responsible for additional ad hoc reporting and analysis, e.g. AP aging, vendor compliance, 1099s, etc.

Duties and Responsibilities

  • Serve as the internal subject matter expert regarding Yardi PayScan, Yardi Vendor Café’, and Yardi Construction Management
  • Support and facilitate review and approval of invoices among the various departments (Development Managers, Asset Managers, and Property Manager)
  • Investigate missing or incorrect invoices
  • Serve as the main point of contact for vendors regarding all aspects of accounts payable
  • Coordinate payment processing directly with the VP of Finance
  • Coordinate with escrow agents regarding the funding and payment of purchase deposits
  • Provide excellent customer service to external and internal teams.
  • New Vendors set up and correspondence with vendors and respond to inquiries.
  • Research and resolve invoice discrepancies and issues.

Qualifications:

  • Mastery of Yardi general ledger accounting software including the Vendor Café’, Construction Management, and PayScan
  • 2-5 yrs of accounts payable experience in the construction / development industry
  • Associates’ degree (A.A.) or equivalent
  • Strong analytical and critical-thinking skills
  • Experience in the real estate industry

Benefits:

  • 100% employer-paid medical PPO, dental, and vision coverage
  • 15 days PTO, 10 paid holidays

Who are we?

CapRock is one of the leading industrial investors and developers in the Western United States. We specialize in acquiring middle‐ market value‐add industrial properties, generally between $20M‐$50M per acquisition and large‐scale Class A logistics developments in California, Arizona, and Nevada. Since 2009, we have acquired, developed, or have in our pipeline more than 20,000,000 square feet of industrial real estate.

What do we do?

Do you have a fun, fast‐paced, creative problem‐solving, get‐it‐done mindset of an entrepreneur? Do you take pride in your work striving for the highest levels of quality and excellence, but don’t take yourself too seriously? If so, you’ll love being on our team. Our goal as a company is to provide our investors institutional quality with an entrepreneurial spirit. That goal extends to our finance and accounting team as we strive to deliver best‐in‐class high‐quality reporting and analysis for investors, external counterparties, regulators, and management decision making. Our team works with the Company’s teams as a business partner rather than a back‐ office function.

What do we value?

We take our values seriously, do these values inspire you? If so, you’ll love working here:

  • PEOPLE before projects
  • Strive for EXCELLENCE
  • FIDUCIARY responsibility is a sacred trust
  • INTEGRITY always
  • BLESSED to be a blessing
  • Industrial real estate is a TEAM SPORT
  • NO is not an answer

Position

As the Project Accountant, Construction, you are responsible for end‐to‐end accounting related to several development projects under construction. You will interact daily with the Development Managers and Asset Managers to help make the project a success. You will be the primary point of contact for the processing of all payment applications with general contractors. Additionally, you coordinate the loan draw process between our internal departments to make sure capital flows into the project regularly. A primary focus of this role will be to get general contractors and other key vendors paid quickly in order to keep the project moving forward. You will be responsible for additional ad hoc reporting and analysis, e.g. cash management and liquidity analysis, and assist with, forecast to actuals analysis, etc.

Essential Job Functions

  • Handle and process all aspects of construction payables, including coding and maintenance of the job cost chart of accounts.
  • Review of the general contractor G702/G703 / contractor’s buyout (ensure that it ties to the AIA), line‐item changes (budgetreallocation)/ use of contingency.
  • Monthly lender package submission (loan draws and/or capital calls).
  • Provide excellent customer service to external and internal teams.
  • Special project requests (during construction loan closings) as needed
  • New Vendors set up and correspondence with vendors and respond to inquiries.
  • Monthly review of job cost activity ensuring consistent and proper coding
  • Maintenance of the lien releases for the general contractor and subs.
  • Preparation of monthly development fees and other project reimbursements.
  • Preparation of monthly bank reconciliations, journal entries, balance sheets, and income statements.
  • Research and resolve invoice discrepancies and issues.

What do you need to succeed?

  • 2-5 yrs of construction / development accounting experience
  • Associates’ degree (B.A.) or equivalent
  • Mastery of Yardi general ledger accounting software including the Job Cost module, Construction Management, and PayScan
  • Strong analytical and critical‐thinking skills
  • Experience in the real estate industry

Benefits

  • 100% employer‐paid medical PPO, dental, and vision coverage
  • 15 days PTO, 10 paid holidays

Who are we?

CapRock is one of the leading industrial investors and developers in the Western United States. We specialize in acquiring middle‐ market value‐add industrial properties, generally between $20M‐$50M per acquisition and large‐scale Class A logistics developments in California, Arizona, and Nevada. Since 2009, we have acquired, developed, or have in our pipeline more than 20,000,000 square feet of industrial real estate.

What do we do?

Do you have a fun, fast‐paced, creative problem‐solving, get‐it‐done mindset of an entrepreneur? Do you take pride in your work striving for the highest levels of quality and excellence, but don’t take yourself too seriously? If so, you’ll love being on our team. Our goal as a company is to provide our investors institutional quality with an entrepreneurial spirit. That goal extends to our finance and accounting team as we strive to deliver best‐in‐class high‐quality reporting and analysis for investors, external counterparties, regulators, and management decision making. Our team works with the Company’s teams as a business partner rather than a back‐ office function.

What do we value?

We take our values seriously, do these values inspire you? If so, you’ll love working here:

  • PEOPLE before projects
  • Strive for EXCELLENCE
  • FIDUCIARY responsibility is a sacred trust
  • INTEGRITY always
  • BLESSED to be a blessing
  • Industrial real estate is a TEAM SPORT
  • NO is not an answer

Position Overview

Under limited supervision, provide administrative support and coordination in an assigned area to ensure the smooth operation of the area. This position may support more than one individual.

Duties and Responsibilities

  • Serve as the primary coordinator to assigned team members by facilitating and communicating their individual, group and companywide activities.
  • Assist Property Management in promoting, establishing, and maintaining positive relations with the tenants and with the day-to-day operations of the property.
  • Provide tenants and vendors with assistance in all aspects of scheduling building maintenance, communicating building procedures and supplying general building information.
  • Provide high quality of customer service and take an active role in the tenant retention program.
  • Update and maintain current daily and emergency tenant contact lists and tenant information manuals.
  • Provide support to Property Managers by producing, modifying and /or distributing various forms, spreadsheets, manuals, information packages, and miscellaneous type-written information.
  • Process correspondence with tenants, contractors and other third parties for Property Management staff.
  • Maintain and update insurance certificate files for all contractors performing work at the properties.
  • Execute prompt accurate billing of tenant work orders for billable services on monthly basis.
  • Assist in the maintenance of an organized updated manual and electronic filing system for all properties, invoices, purchase orders, vendors, invoices, tenant work order billings and other general files.
  • Assist with the scheduling of contractor work and coordinate with tenants.
  • Copy and distribute routine reports in a timely manner.
  • Create, update, and maintain departmental databases when appropriate.
  • Assist with special projects to support assigned area.

Qualifications:

  • Two years of experience in an administrative role in a professional office environment
  • High school diploma or equivalent

Skills:

  • Interact with employees, visitors, and contractors with poise and diplomacy
  • Maintain a calm demeanor in emergencies
  • Demonstrate strong organizational and multi-tasking skills
  • Compose business letters, expositions, summaries, and reports, using proper format, punctuation, grammar, diction and style
  • Demonstrate strong initiative and customer service orientation
  • Establish and maintain a cooperative working atmosphere among staff
  • Exchange ideas, information, and opinions with others to formulate policies and programs and/or arrive jointly at decisions, conclusions, or solutions
  • Perform numerical and financial calculations
  • Analyze and interpret various types of data in order to draw conclusions and solve problems
  • Maintain strict confidentiality.

Physical Abilities/Working Conditions:

  • Work indoors approximately 95% of the time and outdoors 5% of the time
  • Use olfactory, auditory, and visual senses to inspect building and detect emergency alarms
  • On occasion, perform physical inspections of the property which may include climbing up and down stairs or accessing restrictive openings
  • Ability to lift up to 25lbs
  • Though occurrences are rare, be accessible 24 hours a day in case of an emergency
  • Transfer properties and work overtime as business needs deem appropriate

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, and requirements.

Company

Founded in 2009, CapRock Partners is one of the leading private industrial real estate investment and development firms in the Western United States and is currently under construction on several million square feet of state-of-the-art industrial buildings in California, Nevada, and Arizona. CapRock is projected to continue delivering millions of square feet of industrial development in the Southwest market, in addition to executing building renovations and tenant improvements on its value-add platform.

The Role

The Vice President, Asset Management’s primary responsibility is to oversee the overall performance of a portfolio of industrial assets. The Vice President reports to the Senior Vice President, Asset Management (“SVP”) and supports the SVP in directing an industry-leading asset management approach for CapRock’s for-lease and for-sale industrial portfolio. 

Responsibilities include managing third-party property managers, leasing, tenant improvements, and capital improvements. Core duties include supervision of the strategic planning, management, leasing, financial analyses, operating and capital budgets, returns on an internal rate of return and time-weighted basis, and reporting on a quarterly and annual basis regarding the performance of each asset.

The Vice President will work with the SVP to assist in the review and analysis of industrial assets and/or land assets for future development that are to be acquired by the firm. During the initial evaluation of the property and due diligence, these activities occur to ensure the target asset can be managed to the level outlined in the business plan for the underwriting and long-term budget.

Founded on meritocracy, collaboration, and hard work, the firm strives for excellence and welcomes those willing to take on the challenge to be better at what they do. You will have ample opportunities to present ideas to senior leadership, and if liked, you are given the responsibility to implement those ideas and see them through to execution. 

If you thrive in an intellectually rigorous and challenging position where you can make an impact, we want you. You have the opportunity to shape the future of CapRock’s industrial holdings and take the portfolio to the next level. 

Essential Functions

  • Develop and drive the implementation of the strategic business plans for each of the portfolio’s industrial assets, which govern the portfolio’s daily operations and ultimate positioning in the marketplace and understand the impact on capital outlays and operating expenses to organize and program a business plan that maximizes its performance.
  • Identify, develop, and implement value-added strategies concerning existing assets as well as potential acquisitions. Strategies may include but are not limited to renovations relating to repositioning and lease-up as well as ground-up development.
  • Oversee management of property operations for assets, including the timely review of property management reports, tracking weekly and monthly status reports from property managers and developing strong relationships through sound leadership with property managers and other onsite staff to support the business plan’s advancement and maximize performance.
  • Supervise, train, and motivate property managers, leasing staff, and personnel in CapRock’s asset management philosophy.
  • Conduct regular site visits to review curb appeal, the status of capital improvement projects, model inspections, expense approvals, and personnel issues to direct changes to maximize the asset’s performance.
  • Maintain an understanding of architectural plans and contracts, engineering studies, schedules, and work with attorneys to craft lease language when appropriate to protect the landlord.
  • Work with CapRock’s Valuation Group and Portfolio Management Group to supervise the completion of asset valuations (hold/sell analyses, quarterly, and annual valuations) efficiently and timely and provide context for the asset to be able to support and provide insightful hold vs. sale recommendations regularly.
  • Oversee general property level analysis functions (i.e., PM contracts, RFPs, construction, and vendor agreements).
  • Conduct in-depth market research to fully understand each asset’s position in its respective market from a leasing and investment perspective and all underlying factors that may influence it. Update demographic and market information for each asset area for strategic planning and reporting purposes and to understand the data’s implications on specific asset performance.
  • Manage the reporting process (business plans and monthly and quarterly reports) in an efficient and timely manner and as a means of improving performance.
  • Prepare annual portfolio review materials, including preparing and delivering written and oral reviews to trustees, consultants, and client staff, if necessary.
  • Comply with regulations and reporting requirements outlined in loan agreements, joint venture agreements, and property management agreements for the portfolio.

 

Candidate Qualifications

 

Essential Business Experience and Technical Skills

  • An undergraduate business degree is required, preferably in finance, accounting, or another related area of study.
  • An advanced degree or professional designation is preferred.
  • A minimum of five years of direct work experience in the industrial asset management sector.
  • Additional expertise in industrial renovations, property management, or acquisitions is highly regarded.
  • Knowledge of the private equity real estate market and how such investments work and are structured is an essential part of this position. 
  • Industrial development experience and asset management preferred

 

Competencies

The ideal candidate for this role will exhibit competency in the areas listed below. At CapRock, we see possessing these traits as vital to the success of the position:

  • Creative Thinking – An innovative thinker who translates thoughts into actionable items.
  • Works Collaboratively – A team player with a commitment to achieving objectives through collective action and communication.
  • High Energy – Thrives in a fast-paced, dynamic environment where multi-tasking is essential.
  • Models Our Values – Conducts daily business and interactions with mindfulness that reflects CapRock’s culture and promotes its core values and standards.
  • Results Driven – Outperforms expectations and promotes the firm’s competitive advantage through an analytical and context-driven approach to problem-solving.

 

Job Specifications

Travel: Business trips with overnight stays may be required if overseeing assets in other regions. There is also the need to drive a personal vehicle for business.

Work environment and physical demands: General office environment at CapRock’s Orange County corporate offices (except when local or national stay-at-home orders are in effect).

 

CAPROCK PARTNERS MANAGEMENT, INC. IS AN EQUAL OPPORTUNITY EMPLOYER All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status and any other established protected categories to apply, please email your resume to sallen@caprock-partners.com.

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