Description
We are currently on the lookout for an experienced, driven Chief Financial Officer who will not only guide our accounting and finance teams but will be an active participant in the further growth of our division. Marcus Hotels & Resorts (NYSE: MCS) has more than 60 years of expertise in hotel development, management, turnarounds, and historic renovations with a diverse portfolio that spans the United States. The first hotel in the Marcus Hotels & Resorts portfolio was Milwaukee's iconic Pfister Hotel, purchased by Ben Marcus in 1962 and restored to its original grandeur. Marcus has grown to 15 hotels and resorts totaling 5,000 guest rooms including premium branded properties by the world's largest hospitality companies such as Hilton, Marriott, and IHG, upscale resorts, and a collection of unique independent hotels.
What you will be doing:
- Serve as a strategic advisor to the President and other Executive Leadership Team members;
- Develop and execute financial strategies aligned with Marcus Hotels & Resorts' short & long-term objectives including financial planning, budgeting, forecasting, and financial risk management;
- Serve as a key relationship manager to outside stakeholders including third-party owners, investment partners, lenders, auditors, and regulatory authorities presenting in a collaborative, and respectful manner;
- In collaboration with Chief Investment Officer, lead Marcus Hotels & Resorts' capital management initiatives including debt and equity financing for new hotel investments and acquisitions, capital expenditures, and other ancillary investment initiatives;
- In collaboration with colleagues, prepare and present investment recommendations and supporting analysis to Marcus' Investment Committee;
- Oversee the preparation of all financial analysis and related support for new investments and support the development of execution strategy;
- Oversee the preparation of accurate and timely financial reporting and provide forward-looking recommendations to the Executive Leadership Team, the President, and the senior management of Marcus Corporation. Provide insightful, detailed quarterly business updates to Marcus' Board of Directors;
- Maintain best practice financial controls to ensure compliance with internal systems, accounting standards, and regulatory requirements;
- Manage all aspects of the financial planning and analysis function to provide real-time/actionable insights into the business;
- Provide leadership and guidance to the finance and accounting teams fostering a culture of accountability, openness, and respect to attract and retain a high-performance group.
What we are looking for:
- Bachelor's degree in Finance, Accounting, Business Administration, or related field. MBA or CPA strongly preferred;
- 10+ years of experience in a senior financial leadership role within the leisure and hospitality industry with significant experience in the negotiation and execution of investment transactions including both hotel acquisitions and divestitures;
- Superior communication and interpersonal skills, with the ability to interact up and down the organizational chart;
- Strong FP&A and underwriting experience;
- In-depth knowledge of financial principles, accounting standards, and financial regulations;
- Experience in guiding property accounting strategies for a multi-unit hospitality portfolio company with complex assets and investment structures;
- Familiar with a variety of current financial tools and software within the hospitality sector and has leveraged these systems for reporting and operational effectiveness;
- This role will be based in our corporate office, candidates must be willing to reside in the greater Milwaukee area.
Preferred Qualities:
- Entrepreneurial at heart
- Highly detail-oriented and strong work ethic
- Performance and results-driven attitude
- Strategic thinker and visionary
- Collaborative and cross-functional leader
- Confident and self-motivated
- Inspiring and motivating
- A true servant leader
- Committed to service excellence in every way
Note: This document describes the general nature and level of work required. It is not intended to be an all-encompassing list of responsibilities, duties, and skills.
Marcus Hotels & Resorts is an Equal Opportunity Employer
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