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Versique Executive, Professional & Interim Recruiting · 3 hours ago

Finance & Development Director

Sioux Falls, SD

Full-time

Onsite

Director/Executive

$175K/yr - $215K/yr

8+ years exp

Versique Executive, Professional & Interim Recruiting is a high-performance recruiting firm specializing in executive leadership search. The Finance & Development Director will oversee operations as a Finance Director while also engaging in limited development work, managing financial performance, and assisting in hotel development projects.

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Work & Life Balance

Responsibilities

The Finance Director role oversees the Controller and four accountants, with an expectation of a strong Board presence

Responsible for developing and measuring KPIs, forecasting, and ensuring that the long-term budgeting process is aligned with business goals

Partner closely with General Managers to review financial performance, set targets, and drive improved outcomes across each property

Partner with external partners on key issues, such as audit, bank financing, and insurance management

The Development position assists the President in locating new construction hotels, which includes assistance in selecting a site for a franchise, developing financial proformas for the project, bidding, selecting a construction general contractor, and overseeing construction from start to finish

Assist the President in locating existing hotels for sale to purchase. This includes developing a pro forma, conducting due diligence on the asset or operation, reviewing the franchise, and determining the franchise's suitability

Responsible for listing selected hotels for sale and assisting the President in determining if a 1031 will be considered for the sale of the asset

The applicant must understand how to price hotels for sale

Oversee franchise PIPs (Product Improvement Plans) at existing hotels, which include bidding, construction contractor selection, budgeting, purchasing for the PIP, and overseeing from start to finish of the PIP

The following experiences are needed: Financial feasibility analysis, design, financing, permitting, construction, and project management

Must track the schedules and progress of general contractors

Qualification

Financial feasibility analysisHotel Operations experienceDevelopment experienceProject managementProfessionalismAttention to detailIntegrity

Required

Experience with a company with over 10 hotels (upscale limited and limited-service hotels) in which the applicant has experience overseeing multiple hotels and development experience

Minimum of 8 years of experience in Hotel Operations of upscale limited hotels and limited-service hotels. No food or beverage experience is required

Minimum of 4 years in Development (construction, PIP's, hotel & land acquisitions, sale of hotels)

Must possess attention to detail, integrity, and the ability to maintain a high level of professionalism

Some travel is required. Travel is less than 20% of the time