Acquisition International - Global CFO Excellence Awards 2023 19 With headquarters in New York, Kushner is a multi-generational real estate development and management firm with an impressive property portfolio. Leading the business forward over the last seven years has been CFO Jennifer McLean. A pioneer in her own right, she brings her wealth of experience to bear on this impressive organisation. We take a closer look in the light of her success. May23324 ith residential, commercial, retail, hospitality, and industrial properties in its portfolio, alongside some 12.9 million square feet currently under development and over 25,000 apartments under ownership across thirteen states, Kushner is big business. Keeping on top of this impressive organisation takes skill and experience, qualities that Jennifer McLean has in droves. Responsible for monitoring and maximizing asset specific cash flow and financial performance, she has revolutionised how the business operates. Jennifer’s career started in real estate, as an accountant for various firms. She soon transitioned into the private sector, moving effortlessly W Real Estate Development CFO 2023 (USA): Jennifer McLean from an institutional company to the private side with family-owned companies, working her way towards larger firms. The breadth of her career is why she ended up in such high demand. Jennifer has always been unafraid of facing a challenge, even if it means going outside of her comfort zone and taking on some of the heat directly. This has, in fact, made her the ideal choice of CFO for Kushner, as she is known for going onto job sites and seeing exactly how things are done! Over the last few years, Jennifer has seen incredible growth in her role. This is due, in no small part, to her ambitious attitude where she has spent time implementing new technologies, policies, and systems to support an evolving company. As one of the few women in real estate in the 90s, Jennifer has seen a lot of change over the years, and knows that companies that don’t move with the times don’t survive. As such, built into Kushner’s infrastructure is a desire to innovate and look forward. The results really do speak for themselves. While Jennifer has been in her role as CFO, Kushner has expanded from owning and managing properties in a handful of states to 13 states across the country with over 9,900 multi-family units in thedevelopment pipeline in a few short years. She has made sure that everyone knows how this has been achieved, developing an exciting new investor portal that provides each investor with real time data and property performance. Investment is all about confidence, and Jennifer’s innovative way of working means that Kushner’s investors have total confidence in the vision that the team are bringing to life. Of course, nothing is ever perfect, and Jennifer and the Kushner team are having to face the challenges that every business is up against. The rising cost in insurance, for example, has made working in many industries difficult. Some of the cost rises have been as high as 50%. To this end, Jennifer has been able to demonstrate her significant initiative, spearheading a self-insured plan which led to cost savings of about 20% for the company. This level of fortitude and awareness is why she has won awards in the industry – she understands how to make a real difference to a company. In short, a look at Jennifer McLean’s career showcases a woman who has pushed the boundaries and who has always strived to create stunning results in the financial markets. We celebrate her incredible success, and cannot wait to see the new and exciting direction she takes Kushner in, in the months and years to come. Company: Kushner Name: Jennifer McLean Web Address: https://kushner.com/
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