Chief Financial Officer

Position: Chief Financial OfficerCompany: Reef Capital PartnersLocation: Lehi, UTAbout The CompanyReef Capital Partners (RCP) is a successful commercial real estate investment firm specializing in both private credit and private equity investments. Founded in 2005, Reef has completed more than 500 transactions with an aggregative value of approximately $2 billion dollars. Reef has an exceptional track record of performance, with an IRR on realized investments over the past decade of ~20%.In addition to Reef's real estate investment strategy, Reef and/or affiliates own and operate various businesses that add significant long-term value to its projects.Reef has grown rapidly over the past few years, growing from about 25 employees to well over 200, and a similar growth trajectory is expected going forward.Reef Private Equity is currently developing several world-class projects, including:Black Desert Resort - A $2 billion+ resort in Ivins, Utah consisting of a 148 key hotel, over 1,000 condos, a championship-level golf course that will host a PGA tour event in October 2024, a water park, nearly 100 estate lots, etc.Deer Valley East Village - 150 estate lots and 300+ townhomes at Deer Valley Ski Resort near Park City UtahMarcella Club - A private club including a Tiger Woods designed golf course outside Park City, UtahCoco Palms - Restoring the historic Coco Palms hotel on Kauai including 350 guest rooms, 4 restaurants, a spa, meeting space and a wedding chapelTributer Bay - A a 900 lot lake and golf community adjacent to Lake Anna in Virginia Job ResponsibilitiesReef's current Chief Financial Officer is taking a new executive position internally, so our team is seeking an experienced and strategic professional to join our firm as a replacement. The ideal candidate will have a proven track record of successfully leading Finance and Accounting teams and being a key member of a company's executive leadership team.Strong preference will be given to candidates with significant experience in the real estate development industry, especially with hospitality experience.General Responsibilities IncludeServe as a key member of Reef's executive leadership team, including providing input on key strategic issues and challenges facing the companyLead the company's project-level construction / acquisition financing efforts, including being responsible for all aspects of raising the project-level debt needed for the construction or acquisition of our real estate assets as well as permanent debt upon stabilizationLead Reef's efforts to continue to grow and deepen on relationships with lendersWith the CEO, lead the company's efforts to raise appropriate debt and equity for Reef itself(not specific to a project) Lead the financial accounting team, including providing GAAP-compliant financials each month and successfully completing the annual auditLead Reef's tax compliance and planning efforts, including ensuring all tax filings are timely and accurate, and all projects are structured in the optimal manner for tax minimizationOversee the financial planning and analysis function, including budgeting, forecasting, cash-management, and long-term financial modelingMonitor changes in the projected performance of each of our investments and track actual performance against initial budgetsLead the annual budget process, working closely with department heads to ensure alignment with strategic objectives and reporting each month on budgets vs. actuals for each departmentConduct variance analysis to understand differences between budgeted and actual results, identifying trends and recommending corrective actionsEvaluate and advise on investment activities, including capital expenditures, mergers & acquisitions, and project financingPrepare and present monthly, quarterly, and annual reports to senior management as well as "real-time" KPIs and dashboardsQualificationsBachelor's degree in Finance, Accounting, Economics, or related field; MBA or relevant graduate degree preferredMinimum of 15 years of experience in accounting and finance, with at least 10 years in a leadership role. Preference will be given to candidates with experience in the real estate development or hospitality industriesProven track record of raising significant debt or other types of financing (EB5, 1031, equity etc.), including doing multiple nine-figure financing raises simultaneously. Successful candidate will likely have raised at least $1+ billion in debt and equity financing for acquisitions or construction projects during their careerStrong understanding of financial principles, tax rules and laws, accounting standards, and compliance requirementsExceptional analytical, quantitative, and strategic thinking skillsAdvanced proficiency in financial modeling and analysis toolsExcellent leadership, communication, and interpersonal skillsAbility to influence at all levels of the organization and work collaboratively across functionsDemonstrated ability to lead and manage teams to achieve resultsStrong problem-solving skills and the ability to manage complex projects under tight deadlinesCompany Benefits401K Plan with Company MatchGenerous Health Plan with HSA MatchFlexible Paid Time-offDaily Company Lunches Cell Phone Service AllowanceDiscounts at Company-Owned Resorts and Golf CoursesReef Capital Partners is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employeesJob Posted by ApplicantPro