Waterton has tapped Pamela Hennessy to serve as senior vice president, corporate accounting and reporting. Based in Chicago, Hennessy will report to Tara Marszewski, chief financial officer at Waterton.
As a seasoned finance professional, Hennessy brings 19 years of financial and accounting experience and a demonstrated track record of analyzing, improving and managing cross-functional accounting processes. She will be responsible for overseeing corporate finance as well as property and capital accounting.
“Pam will make an immediate, positive impact on the complex processes needed to manage the accounting process for Waterton’s property holdings,” said Marszewski. “She will be an excellent addition to the Waterton team.”
Hennessy will oversee accounting and financial reporting as it relates to Waterton’s vertically integrated property management activities. She will be responsible for partnering with the operating and capital teams across the portfolio to ensure timely and accurate financial information. In addition, Hennessy will work closely with senior management to drive initiatives focused on the overall value of the company.
Prior to joining Waterton, Hennessy was senior vice president, controller at Brookfield Properties’ retail group, where she led a team responsible for property accounting, development accounting, lease accounting, accounts receivable, cash receipts and credit functions. She was also instrumental in designing new controls as new processes were implemented while partnering with internal and external auditors to ensure compliance with defined controls.
“Waterton’s culture and commitment to a collaborative growth environment combined with its industry reputation as a strong leader in the residential real estate market, made this an extremely attractive opportunity,” Hennessy said. “Waterton’s emphasis on open communication and efficiency aligns perfectly with my professional strengths.”