Location: North America Support Center, Bethesda, Maryland
Purpose: The Senior Director Business Development Finance is responsible for maximizing the return on the company's investment dollars by providing fact-based input into development projects and by providing oversight of the business case review process. This role assists in improving capital control processes, as well as establishing and leading a formal business case post audit process.
Essential Functions:
- Directs the work of the Manager and Senior Manager Development Finance to develop financial modeling, recommendations, post audits, and CapEx reports
- Identifies and evaluates potential development opportunities in large and strategic accounts
- Assists in the overall oversight of the Business Case review process in preparation for the Regional Investment Committee
- Participates in negotiations with landlords and potential business partners
- Oversees the preparation of Business Case Post Audits to compare actual project performance to approved Business Case projections; ensure that learnings are shared with others in Business Development so that they may be instituted
- Assists in overseeing development of CapEx, OpEx, and departmental budgets
- Oversees the preparation of Budget Overrun Authorization Requests and setting up project funding (RFFs)
- Provides regular updates to the Opportunity Pipeline for all potential future development projects in assigned accounts
Reporting Relationship: TheSenior Director Business Development Finance reports to the VP of Business Development Finance
Major Interdependencies: Developers, Design & Construction, Legal, Concepts, Operations
Minimum Qualifications, Knowledge, Skills, and Work Environment: - Education and Experience: The combination of education and professional experience must exceed 10 years:
- In a leadership role: Requires 3 years of experience leading a team of finance professionals engaged in developing and executing financial/business analysis
- In a technical role: Requires 8 years of experience engaged in developing and delivering financial/business analysis
- A bachelor's degree in a program related to the functional area can count for three of the eight-year requirement
- An MBA or a master's level degree in a program related to the functional area can count for an additional 2 years of the eight-year requirement
- In the industry: 3-5 years of Hospitality, F&B and/or Retail experience
- Training that leads to expert financial analysis skills (NPV, IRR, cost/benefit, trend analysis); must have strong computer modeling and analysis skills
- Specialized Skillset/Competencies/Traits:
- Requires experience in commercial real estate development and multi-location service companies
- Requires experience in reading and interpreting legal agreements
- Highly advanced financial analysis and business acumen, but also has a strategic vision to understand the long-term implications of each development deal
- Demonstrated history of understanding the needs of the business, stakeholders, the employee population, and individual circumstances
- Demonstrated history of creating and maintaining positive work environments through coaching, developing, and leading teams to achieve common goals
- Location/Travel:
- This role is based at the North America Support Center in Bethesda, MD
- This role requires up to 25% travel
