Director of Real Estate Finance
Full-Time
Overview
Opportunity: Director of Real Estate Finance
HHM Hotels is a leading hotel management and investment company with a portfolio of over 240 hotels and resorts spanning North America. The organization takes pride in operating over 50 independent luxury and lifestyle hotels as well as premium branded hotels in urban and resort markets. This role is based in our Philadelphia Corporate Office, but will require some travel throughout North America.
Your Growth Path
Senior Director of Real Estate Finance - Vice President of Real Estate Finance
Your Focus
- Track entity-level cash flows for each investment and proactively identify opportunities for distributions and capital call needs
- Track Financial Covenants in Loan Agreement tests
- Perform modeling and sensitivity analysis for all loan agreement covenants and identify risk in achieving covenants
- Create analysis for loan tests including DSCR and Debt Yield tests for new debt origination
- Responsible for compliance and reporting functions related to the loans, coordinating with accounting personnel to ensure all financial statements reporting requirements are met
- Review loan documents and assist with loan closing process, including handling all lender and third-party deliverables
- Track loan maturities and flag to Asset Management and Investments
- Assist with refinancings and loan modifications
- Manage existing lender relationships and ongoing communication including monthly lender update calls
- Track capex and FF&E spend across all investments and provide reporting on capex spend as required by stakeholders
- Manage Lender Draw process for Capex, FF&E reserve, Insurance and RE Tax reserves
- Assist with Annual Budgeting process for all investments
- Assist Acquisitions and Asset Management on financial due diligence related to new investments
- Manage JV partner communications related to entity-level financials
- Assist CIO and Head of Asset Management on varied ad hoc analysis projects
Your Background and Skills
- Minimum 7 years experience in a finance position with multi-unit oversight
- Undergrad in Finance and/or Accounting (MBA preferred)
- CPA and/or CFA preferred
HHM Benefits and Perks
- Competitive wages for full time and part time opportunities
- Medical, Dental and Vision Health Insurance
- Paid Time Off
- 401k Company Match
- Free Basic Life Insurance
- Travel Discounts
- Commuter Transit and Commuter Parking Benefits
- Employee Assistance and Wellness Program
- Educational/Professional Development
- Referral Bonus Program
Work Environment and Context
- Required to sit for extended periods, lift up to 10 pounds, bend, reach, use hands and fingers to operate keyboard
- Extended work hours may be required as needed and determined by deal flow
- Occasional travel to managed properties and potential investment properties
What We Believe
People Are Our Capability – Hearts That Serve – Only Excellence – Stay Nimble - Own It
About Us
HHM Hotels is proud to be an equal-opportunity employer. We do not discriminate on the basis of race, color, gender, gender identity, sexual orientation, marital status, pregnancy, national origin, ancestry, age, religion, disability, veteran status, genetic information, citizenship status, or any other group protected by law.
HHM Hotels
An Industry Leader in Hospitality
HHM Hotels is the preferred operator to many sophisticated and institutional owners of hotel real estate, including public and private owners, across the United States and Canada. We are known for consistent outperformance in operating results, the stability of our managed portfolio and operating teams, and our unrelenting focus on people, processes, and technology. HHM Hotels is tireless in delivering results and working closely with our owners across a portfolio of 240 hotels and over $2BN in managed revenues in the United States and Canada.
MANAGEMENT
For the past 30 years, HHM Hotels has focused on building out specific and differentiated capabilities and technology to serve our owners and drive industry-leading results in the areas of revenue generation, cost management, service delivery, and associate development and retention. In particular, we have focused on developing proprietary data, processes, and business systems to drive advantage and maintain our unwavering focus on results across every aspect of our managed hotels.
INVESTMENT
HHM Hotels has a highly active and productive investment team that seeks to leverage our operating capabilities and market knowledge to source, underwrite, and introduce deals to our stable of industry-leading investment partners. We have helped put together dozens of related deals and focus carefully on potential operational efficiencies, brand or market repositioning opportunities, and other ways that we can find value through our extensive market knowledge, operating capabilities, and in-house legal, asset management, and risk management teams.
BRAND POSITIONING
Our experience with branded and independent hotels allows us to quickly determine the brand positioning within a local market to ensure the highest operational profitability. We understand the demands of hotel openings and rebranding because we’ve been on the ground to lead them, from Forbes Five-Star property openings and global product launches to corporate rebranding projects around the world.
