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Chief Financial Officer

Grand Traverse Resort & Casinos
Peshawbestown, MI

Description

The Chief Financial Officer (CFO) provides both financial and operational support to the Grand Traverse Band Economic Development Corporation.  The position provides direct supervision of the finance and accounting departments and is the financial spokesperson for the company.  The CFO reports directly to the CEO and directly assists the general managers and other departmental managers on strategic and tactical matters as they relate to finance, accounting, budget and forecast management, acquisition of assets and securing funding.

Essential Job Functions

  • Assist and work with the CEO on strategic planning including business plan writing.
  • Participate in identifying and developing new business opportunities.
  • Explore new investment opportunities and provide recommendations on potential returns and risks.
  • Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
  • Oversee the capital structure of the company, determining the best mix of debt, equity, and internal financing.
  • Represents Company to banks, financial partners, institutions, investors, public auditors and officials.
  • Insure the processing and recording of the financial transactions, which reflect all of the EDC's business, i.e. revenue generation, accounts payable, payroll, expenses paid, & so on.  Monitor the overall financial health of the EDC using established metrics.  Enforce financial discipline/guidelines and controls to key players at the EDC.
  • Generate timely and credible comparative reports, which provide insight into the success of operations relative to (a) the goals set by the CEO, (b) the results achieved in prior periods, and (c) the results achieved by similar organizations within the casino industry, and/or within the casino's  geographic area of operation.
  • Provide timely accurate analysis of budgets, financial reports and financial trends to the CEO and the EDC's Board of Directors.
  • Develop and maintain system of internal controls to safeguard financial assets.
  • Oversee the coordination and activities of independent auditors ensuring all audit and compliance issues are resolved, including the preparation of annual financial statements in accordance with GAAP and other federal, state requirements.
  • Oversee the management and coordination of all fiscal reporting activities for the organization including but not limited to organizational consolidated income statements, balance sheet reports, statements of cash flow.
  • Prepare and submit regulatory reports on a timely basis including those required by the NIGC, IGRA, FinCEN, the Bank Secrecy Act, and other relevant laws, regulations, and agencies,
  • Provide analytical support to other members of the executive team including but not limited to new games analysis, financial analysis of proposed expenditures, lease-buy decisions, and so on.
  • Recommend and oversee cash management, investment, and liquidity programs.
  • Negotiate and approve large contracts, strategic alliances and preferred vendor arrangements.  Represent EDC in presentations/ discussions with potential customers, vendors, and other external concerns.
  • Provide strategic input and leadership on issues affecting the company, e.g., project profitability, business partnering opportunities, acquisitions or merger opportunities.
  • Develop, execute, and communicate the EDC's overall financial strategy to all stakeholders.  Design and execute a strategy to communicate certain key elements of the EDC's financial strategy to tribal members and employees.
  • Other duties as assigned by supervisor within scope of position.

Requirements

Education / Experience

  • The successful candidate must have a BA or BS (MBA preferred) and a minimum of 7 to 10 years of successful experience as the Chief Financial Officer or Controller for a significant business organization with annual revenues greater than $100 million.
  • Casino experience is required. 
  • Certified Public Accountant (CPA) and Certified Management Accountant (CMA) are preferred.

Supervisory Responsibilities

Oversee controller and accounting staff operations such as daily billing/collection activities; A/R and A/P daily activities; financial statement preparations and issuance; budget preparation; financial analysis and controls; review and oversight of audits and tax preparation; provides leadership and direction to the accounting department staff by:

  • Task delegation to achieve maximum results.
  • Reinforcement of policies and procedures.
  • Directing department expenditures.
  • Maintaining in-depth knowledge of all departmental operations.
  • Performing employee disciplinary actions and corrections including hiring and terminating employees. 
  • Planning and organizing all departmental functions. 
  • Maintaining open lines of communication with other departments and within the department itself. 
  • Creating and administering a mentoring program within the department to ensure that other staff members are trained and ready to move to the next level.
  • Overseeing departmental training procedures and evaluating effectiveness of the training program.

Driving Requirements

  • Must have a valid driver license and be insurable by the Tribe’s insurance carrier.

Native American and Tribal Preference will apply.  Must be able to pass a background investigation and a drug and alcohol urinalysis as a condition of employment.  Must adhere to company policies regarding strict confidentiality.

Additional Information

Wage Range:  $170,000 - $200,000 DOE

Relocation Assistance Available

Major Medical, Dental & Prescription, Vision, Life Insurance, 401(k) Plan, PTO & Holidays, Short & Long-Term Disability Coverage, AFLAC Accident & Critical Illness Coverage.

All applicants must be able to demonstrate their US work authorization during the employment verification process.

About the company

Grand Traverse Resort & Casinos, located in the northwest corner of Michigan's lower peninsula, include Turtle Creek Casino and Hotel, Leelanau Sands Casino and Lodge, and Grand Traverse Resort and Spa which are all owned and operated by the federally-recognized Grand Traverse Band of Ottawa and Chippewa Indians.

Turtle Creek Casino and Hotel, open 24/7, features 1,200 slot machines and 40 table games (Blackjack, Roulette, Craps, and Poker) on a 56,000 square-foot gaming floor, along with three restaurants, six bars, gift shop, private high limit room, and more. The 6-story hotel offers 137 elegantly-appointed rooms, suites, and hospitality parlors, along with a 4,000 square-foot ballroom, 550 square-foot conference room, fitness center and cultural display.

Leelanau Sands Casino and Lodge offers 450 slot machines and 8 table games including Blackjack, Roulette, Craps, and 3-Card Poker, an 88-seat Bingo Hall, 1,000-seat Showroom for concerts and conferences, restaurant, and gift shop. The 50+ room hotel is steps away, welcoming guests with woodland and bayside views of Grand Traverse Bay.

Grand Traverse Resort and Spa is one of the Midwest’s finest year-round resorts featuring nearly 600 guest rooms and 54 holes of championship golf including courses designed by Jack Nicklaus and Gary Player. The 900-acre property offers amenities including the award-winning Spa Grand Traverse, five restaurants (most notably the acclaimed Aerie Restaurant & Lounge), over 85,000 square feet of meeting space, a shopping center, and a 100,000-square-foot Health Club.