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:

·