MCM is growing! Come join our TEAM in this newly created role!
Financial Controller
Magna Capital Management
300 Centerville Rd. #300E
Warwick,
RI
02886
Management Company
Comprehensive Benefits Package, Bonus Eligible, 401K, Travel Discounts, & More!
Full-Time
Founded in 1998, Magna Capital Management, L.C. (“MCM”) is a hotel real estate investment company based in Warwick, Rhode Island. MCM is the fund investment management arm responsible for raising, deploying and harvesting discretionary capital. Magna raised its first discretionary fund in 2001 (Magna Hotel Fund I) and is currently in active investment with Magna Hotel Fund VIII, a $225 million fully discretionary hotel investment vehicle.
This is a critical position for our team and will have an initial daily in-office requirement.
As our Financial Controller, your responsibilities will include:
Management Company Oversight
- Ensure timely real estate and income tax payments.
- Review monthly property-level financial packages, including Balance Sheet, Income Statement, and Accounts Receivable.
- Develop and review property-level accounting cash flow forecasting.
- Assist in the close-out of property-level WTBs upon property sales.
- Review and assist with unique tax issues/accounting issues.
Fund Management Duties
- Monitor monthly lender waterfalls.
- Track below GOP level expenses, including debt service, real estate taxes, owner’s expense, condo fees, hotel rent, ground rent and reserve funding.
- Work in conjunction with attorneys and consultants to formulate allocations for purchases and sales.
- Participate in the annual budgeting process and update forecasts for below GOP line items.
- Develop transfer pricing studies in conjunction with our CPA firm for intercompany rent schedules.
- Acquisition and disposition closings and transitions.
Requirements:
- Bachelor's degree with a major in Accounting or Finance preferred - CPA a plus.
- 5 years of experience in accounting, audit, tax, or finance functions for alternative investment companies.
- Excellent quantitative/analytical and verbal/written communication skills.
- Ability to manage multiple priorities and work in a fast-paced, deadline-driven environment.
- Technology proficiency is essential as the candidate would leverage several software applications such as Microsoft Excel, Word and PowerPoint.
**We offer RELOCATION ASSISTANCE to candidates who may not be local but are open to relocation**
Posted March 9, 2026
About Magna Capital Management
Magna Capital Management is a privately held real estate investment firm focused exclusively on the lodging sector. The hotel industry’s fragmented ownership, capital intensity, operational complexity, and human-resource demands create a wide range of attractive investment opportunities. We use our deep expertise and relationships to unlock value through development, operational enhancements, and strategic repositioning.
Unlike many hotel investment firms, we manage every stage of the investment lifecycle in-house. This includes sourcing opportunities, performing comprehensive due diligence, structuring and capitalizing transactions through our fully discretionary funds, executing tailored business plans, and ultimately managing dispositions. By controlling both strategy and execution, we can ensure strong alignment with investor objectives and consistent value creation.
With a premier portfolio exceeding $3 billion in hotel real estate under management, we are committed to delivering superior returns while upholding the highest standards of integrity, stewardship, and operational excellence.