Chief Financial Officer

Description

  Maine Course Hospitality Group is seeking a technically strong, hands-on, strategic CFO to oversee the administrative, financial and risk management operations of the Company. Responsibilities include, but are not limited to, the following:

• Assisting with evaluating all new and existing projects for the company, including acquisition financing, repositioning, property improvement plans, and or disposition. 
• Development of the financial and operational strategy and metrics tied to that strategy and the ongoing development and      monitoring of control systems designed to preserve company assets and report accurate financial results to shareholders regularly. 
• Researching, planning, directing and managing the provisions of accurate, timely and objective financial data from which informed management decisions can be made. 
• Review Current Systems and Design/Implement sound internal control systems to protect and enhance assets and      shareholder long-term value.  

This position, which will work closely with the CEO, President, Corporate

Key Responsibilities 

Reporting Records Management:   

· Maintain corporate records such as Operating Agreements, Amendments, Corporate Resolutions, and update entity membership records, loan agreements, contracts and the like for each entity  

· Prepare, record, analyze and present regular reports  

· Manage investor relations through ongoing communication and progress reports  

· Process payments and shareholder returns  

· Manage the investment portfolio; prepare, analyze, and present budget to actual comparative reports as well as investor return analysis. Prepare and analyze additional reports as needed  

· Ensure accurate and timely payments of all mortgages and record journal entries in the accounting records of all affected entities  

· Oversee all bookkeeping-related to projects; complete draw requests and handle all bank reporting 

· Maintain records related to debt guarantors for all loans including updated balance sheet and related reporting requirements to comply with loan covenants   

Capital Projects:

· Collaborate on the research, planning and build-out of financial models related to new investment pro forma(s)  

· Assist with future capital projections and long-term value creation  

· Coordinate requisitions to lender specifications and serves as point of contact for lenders, tax credit investors, and third parties  

· Oversee the overall account management during pre-development and contract administration during the construction phase of each project

· Manage the construction sources, create project budgets and provide recommendations on contingency balances and shareholder requirements  

· Maintain P&L budgets and balance sheet transactions for each entity  

· Assist with the Preparation, analysis, and presentation of annual budgets and monthly forecasts  

· Establish major economic objectives and policies and make recommendations to the CEO, President and Key Stakeholders.  

· Assist with negotiation and contract oversight with vendors and third-party companies  

Compliance:   

· Accurately calculate, record and process tax-related matters for all entities not requiring audited financial statements  

· Manage ongoing financial audits on operational entities in partnership with the Controller where required  

· Ensure adherence to New Market Tax Credits (NMTC) and/or TIF compliance standards  

· Work with third party accountants and on related matters as needed (tax returns, audits, extensive models)  

· Properly prepare and send 1099s and other informational forms  

· Prepare and submit ongoing lender compliance reports and serve as point of contact for lenders and investors  

· Support the company in risk mitigation efforts, both internally and externally  

· Ensure compliance with all applicable laws  

· Ensure the collection and payment of applicable local, state, and federal taxes  

· Advise management of desirable operational adjustments due to tax code revisions  

· Assist in creation, and compliance with company Standard Operating Procedures and Communication expectations impacting the Accounting and Operations Teams.

Develop and build positive relationships within the neighborhoods, city, and state to support the success and growth of the business 

Requirements

 Education & Certification/ License credentials:

· Bachelor’s Degree required

· CPA or Master’s Degree in Accounting, Finance or Business Administration a plus.

Functional Competencies — Skills, Knowledge & Experience:

· Four to six years’ related experience, including at least four years of management experience preferred.

· Real estate experience and/or significant financial exposure to real estate investments 

· Hospitality Development/ Brand / Operations experience, a plus.

· Familiarity with business start-up, business financing and up-to-date knowledge of GAAP and investment reporting requirements  

· Experience working across multiple entities

· Expert knowledge of financial accounting, budgeting, control, and reporting principles, methods, techniques and standards

· Skill in examining and re-engineering operations and procedures for efficiency

· Ability to develop and implement strategic business and operating plans

· One who can read, analyze, and interpret general business periodicals, professional journals, technical procedures or governmental regulations  

· Must be able write reports, business correspondence, and procedural manuals  

· An effective communicator who can present information and respond to questions from groups to manager, clients, vendors and ownership  

· Must be able to apply mathematical operations to such tasks as frequency distribution, analysis of variance, correlation techniques, sampling theory, and factor analysis  

· Proficient in Microsoft Suite packages, and other applicable computer systems  

· Budgetary analysis capabilities required  

· Must be able to define problems, collect data, establish facts, and draw valid conclusions  

· Knowledge of operations, its services and facilities a plus.  

· Ability to maintain compliance with all local, state and federal laws and regulations  

· Must have knowledge of federal, state and local laws governing equal employment opportunity and civil rights, occupational safety and health, wage and hour, and labor relations, including, but not limited to the following statutes and their comparable state and local laws (where applicable): Title VII, Equal Pay Act, Pregnancy Discrimination Act, FLSA, ADA, OSHA, FMLA, NLRA  

· Due to the cyclical nature of the hospitality industry, the CFO may be required to work varying schedules to reflect the business needs of the company. 

Leadership & Management/ Behavioral Competencies:

· Proven ability to attract, supervise and train employees

· Collaborative, respectful style of communication and leadership, yet able to influence agenda 

· Fully capable of operating in a fast-paced environment with an ability to handle pressure well 

· Flexible, strategic team player with uncompromising integrity and ethical standards

· Highly organized and possesses a strong attention to detail

· Team builder who can motivate and inspire others and build trust across an organization 

· Ability to communicate & live the Company Purpose, Vision and Core Values successfully turning concepts into actionable plans 

· Ability to establish credibility and be decisive; make decisions that recognize and support the organization's preferences and priorities 

· Participative management style: advocates team concept and collaborate with the HR and Property Operations Team. 

· Exceptional emotional intelligence skills to build, cultivate, and facilitate strong working relationships

· Ability to collaboratively design and implement measures to ensure compliance within all pertinent areas of expertise.

· One who can make decisions, exercise judgment, and interface effectively with all levels of staff, clients and vendors

· Passion for building and developing effective teams and relationships with Associates at all levels of the organization

· Strong coaching and mentoring skills

· Mind-set for continuous improvement accompanied by problem sensitivity and critical thinking skills

Personal Characteristics:

· A person of unquestionable integrity and moral character; an individual others can trust without reservation 

· One with strong communication skills, both oral and written

· Excellent analytical aptitude and appetite

· Superior time management and prioritization skills with a proven track record of optimizing time and efficiency 

· Well-developed interpersonal skills; ability to get along with diverse personalities 

· Entrepreneurial spirit with a strong work ethic and a “roll-up-your-sleeves” mentality 

· A “quick study” who can balance the demands of developing and implementing short-term and long-term programs to maximize value 

· Self-starter, self-motivating leader who requires little to no supervision and who can operate successfully in a fast-paced culture

· One with sound professional ethics

· Passionate and energetic with the ability to motivate and inspire 

· A creative, strategic thinker, and a good listener 

· One who builds support systematically and at multiple levels, not overlooking any stakeholders 

· Strategic, yet practical with day-to-day business judgment

· Successfully perform other duties as assigned