Finance & Development Director (ID:46993)

This exciting role involves a combination of overseeing operations as a Finance Director and also limited Development work for the company. The company's development growth involves one to two projects annually, which is why the combination of finance and development is necessary.

Worksite Location: This on-site position is in Sioux Falls, SD. Relocation expense coverage is offered.

Salary: $175k - $215k/yr. base salary plus discretionary bonus.

Benefits: Comprehensive benefit offerings to include medical, dental, vision, short-term/long-term disability, and 401k with company match.

Roles & 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.
  
  

Required Skills & Experience

• 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.
  
  

About Versique

Versique: /ver-seek/ adj. being both versatile and unique; n. a high-performance recruiting firm specializing in executive leadership search, direct hire, and interim hiring solutions.

Versique Executive, Professional, & Interim Recruiting is a locally owned and operated hiring and placement firm based in the Twin Cities of Minnesota. With specialized practice areas across our three divisions, Versique delivers tailored expertise to a wide range of industries. What sets us apart is our team of recruiters—seasoned professionals who have worked in the very fields they now hire for, providing unmatched industry insight and connections.

We believe people are more than just resumes—they are transformative, unlocking the potential for organizational growth and success.

Versique is proud to be award-winning, earning recognition on the Inc. 5000 list of fastest-growing private companies and the Minneapolis-St. Paul Business Journal's Fast 50 list for 2023. We are also consistently recognized as a Star Tribune Top Workplace and were named a Best Place to Work in 2022 by the Minneapolis/St. Paul Business Journal.

Let's find your people, together.

Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.