Job Description

Job Description

Department: Finance/Projects

Position: Finance/Development Manager

Reports to: Director of Acquisitions and Finance/CEO

Location: Cape May, NJ

Supervisory Responsibilities: None

Position Overview: Assisting the Director of Acquisitions and Company CEO in preparing construction budgets, financial projections, and offering memorandums for potential new deals as well as assisting with project management duties for an active hotel development. Some day to day asset management of our hotel portfolio including financial analysis and lender reporting will be involved.

Candidates must be detail oriented, have a financial background as well as strong writing and Excel skills.

These duties may be described as, but not limited to:

New Deal Execution:

• Produces and reviews financial projections in Excel;
• Analyzes and investigates new deal opportunities including researching property location, verifying historical performance and identifies potential risks and mitigants;
• Identifies and analyzes market trends to project future earning potential;
• Writes offering memorandums for potential new investment opportunities;
• Interfaces with potential lenders and investors providing information, as needed.

Project Management:

• Track construction budgets and schedules;
• Research building materials and pricing to insure maximum value;
• Organize and assist in the oversight of the construction and design professionals;
• Prepare ad-hoc reports for management upon request as well as other related duties and special projects as assigned;
• Write update letters to investors to inform them regarding process.

Asset Management:

• Analyze monthly financial reports for the company’s hotel portfolio;
• Produce monthly draw requests with secured lenders;
• Prepares ad-hoc reports for management upon request as well as other related duties and special projects as assigned;
• Analyzes and evaluates departmental budget requests to prepare budgetary documents, reports, and recommendations.
• Using data processing capabilities, prepares reports analyzing specific aspects of department structures, functions and operational procedures and recommends ways to improve efficiency and/or effectiveness.
• Other duties as assigned.

Required Knowledge, Skills, Abilities:

• 2 - 4 years experience in a related field.
• Must possess excellent communication skills, both verbal and written.
• Must possess confidential and discreet manner.
• Must be proficient in Microsoft Office (Word, Excel, and Outlook).
• Possesses exceptional organizational skills.
• Must be able to handle multiple tasks and projects daily.
• Working knowledge of real estate fundamentals.
• Strong financial modeling skills.
• Attention to detail.
• Advanced in math applications.

Education: Bachelor's degree in accounting or related field from an accredited four-year college or university, or an equivalent combination of education and experience as required for specific job level

This description is not an exclusive or exhaustive list of all job functions that an employee in this position may be asked to perform from time to time.

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