Financial Analyst, Real Estate/Hospitality

Job Title: Financial Analyst, Hospitality

Location: Black Desert Resort; Ivins, UT

Salary: $70,000-$90,000 DOE

Company: Black Desert Resort/Reef Capital Partners

About the Company:

Reef Capital Partners is a Utah-based investment firm founded in 2005 with offices in Lehi, UT, Park City, UT, and Ivins, UT. Reef focuses on commercial real estate lending and development across the U.S.

Since 2005, Reef's team has completed more than 500 transactions. In addition to Reef's real estate investment strategy, Reef and/or affiliates own and operate various businesses that add significant long-term value to its projects. Reef has grown rapidly over the past few years, growing from about 25 employees to well over 200, and managed assets on behalf of over 750 institutional and individual partners worldwide..

Our mission is to recruit, develop, and retain entrepreneurial individuals who desire to build and create something long-lasting and meaningful. Our business enables bright, committed people to work in high-performing teams within an environment that allows each person to achieve their professional objectives. Reef values a strong culture dedicated to the health and well-being of our employees. Reef's team is currently involved in some of the most prominent development transactions in Utah and other targeted geographies across the United States.

Black Desert Resort is a $2 billion golf resort in Ivins, Utah, consisting of 150 hotel rooms, over 1,000 condo units, nearly 100 real estate lots, a championship-level golf course that currently hosts a PGA/LPGA tour event, a water park, five restaurants, and more!

Job Summary:

We are seeking a highly motivated and detail-oriented Financial Analyst to join our dynamic team at Black Desert Resort. The Financial Analyst will play a key role in analyzing financial data, forecasting, budgeting, and providing insights to support strategic decisions for the resort property and other investments in the portfolio.

Key Responsibilities:

Financial Analysis & Reporting:

• Prepare and analyze financial reports, including income statements, balance sheets, and cash flow statements, for the resort property and other portfolio investments.
• Conduct variance analysis and provide recommendations to improve financial performance.
• Develop and maintain financial models to forecast revenues, expenses, and capital expenditures related to the resort.

Budgeting & Forecasting:

• Collaborate with department heads and management to prepare annual budgets and financial forecasts for the resort property.
• Track financial performance against budget and forecast, identifying and explaining significant variances.

Investment Evaluation:

• Assist in evaluating potential investment opportunities and strategic initiatives within the resort property and the wider portfolio.
• Conduct financial due diligence on potential acquisitions or capital expenditures related to the resort and other assets in the portfolio.

Cash Flow & Capital Management:

• Monitor cash flow management for the resort property, ensuring optimal liquidity to meet operational and investment needs.
• Analyze and recommend financing strategies for capital projects and improvements at the resort.

Operational Support & Strategy:

• Provide financial insights and recommendations to support operational improvements, cost savings, and revenue enhancement strategies for the resort property.
• Assist senior management with financial decision-making related to operational strategies and new projects.

Risk Management & Compliance:

• Assist in identifying financial risks and implement strategies to mitigate them.
• Ensure that financial activities related to the resort are in compliance with regulatory and reporting requirements.

Qualifications:

• Bachelor's degree in Finance, Accounting, Economics, or related field. A Master's degree (MBA or MSF) is a plus.
• 2 years years of experience in financial analysis, preferably in real estate, hospitality, or investment management.
• Strong proficiency in financial modeling, forecasting, and analysis using Excel or similar software.
• Knowledge of resort property operations and capital expenditures is a plus
• Strong understanding of financial statements, budgeting, and variance analysis.
• Excellent communication and presentation skills, with the ability to present financial information to non-financial stakeholders.
• Ability to work independently and as part of a team in a fast-paced, dynamic environment.
• Attention to detail with a focus on accuracy and efficiency.
• Familiarity with accounting software (e.g., SAP, Oracle, etc.) and financial reporting tools is a plus.

Company Benefits:

• 401(k) Plan with Company Match
• Generous Health Plan with Dental, Medical, Vision, and Life Insurance along with a $1,200 HSA Match
• Flexible Paid Time-off
• Cell Phone Service Allowance
• Discounts on Company-Owned Resorts.

Salary : $70,000 - $90,000