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Director of Finance - Hotel 16281170
Los Angeles, CADirector of Finance – Hotel (onsite)
Top-7 hotel management company is recruiting for one of its most acclaimed, beautiful and historic properties located in the greater Los Angeles, CA region (East). This top-notch, independent luxury resort ranks among the top-5 historic resorts in the US, and #1 in CA. The Director of Finance will operate and lead a team of 4-5 accounting staff at the resort, which boasts 238 rooms and 10+ F&B outlets.
Role Scope:
Top-7 hotel management company is recruiting for one of its most acclaimed, beautiful and historic properties located in the greater Los Angeles, CA region (East). This top-notch, independent luxury resort ranks among the top-5 historic resorts in the US, and #1 in CA. The Director of Finance will operate and lead a team of 4-5 accounting staff at the resort, which boasts 238 rooms and 10+ F&B outlets.
Role Scope:
- Effectively manage and communicate cash flow related issues, as required to management and ownership.
- Accurate and timely preparation of cash-flow statements, management of receivables, cash balances, control mechanisms and timely deposits of all funds.
- Monitor hotel revenues and expenses and ensure the accurate recording in accordance with established guidelines.
- Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
- Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support and monitoring the bid process, and evaluating scope of work and specifications.
- Ensure Hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.
- Support management with enforcing compliance on all accounting and finance items.
- Coordinate the completion of all forecasts and budgets as required, with the full and active participation of EC Team and department managers.
- Analyze financial data and operations in order to assist and advise management in maintaining the Hotels’ financial objectives.
- Ensure that all balance sheet accounts, including bank reconciliations are reconciled on a timely basis.
- Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
- Direct and/or prepare all financial reports in accordance with requirements meeting various due dates and deadlines.
- 10+ years of experience in hotel accounting
- Resort niche experience preferred
- BS Degree is preferred but not absolutely required (in lieu of experience)
- Strong PMS/property systems preferred
- MS Excel skills
- Some management training is required
- CPA is preferred but not required
- Sense of ownership, an operational knack for success and an eye for numbers
- Sound, sensible management/leadership skills and attitude
- Should hold a sense of accountability to owners, asset management and operator
- $150,000 – $185,000 base salary
- Up to 35% target bonus
- Excellent benefits, 401k, PTO etc.
- Relocation available