Director of Real Estate Finance

HHM Hotels

Philadelphia, PA

posted March 8, 2024

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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.

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