View all jobs
Director of Finance and Accounting
Los Angeles, CADirector of Finance & Accounting – Hotels & Resorts - Downtown Hollywood
Our client – a reputable, fast-growth hotel management company – is recruiting a Director of Finance (“DOF”) for their highly successful and reputable luxury hotel located in downtown Hollywood. This luxurious property has a distinctive Southern California style that was designed by an award-winning global architecture and design firm. The Director of Finance will operate and lead a team of 2-3 accounting/finance staff at this great location. Unmatched location, incredible amenities and superb charm are all part of this hotel brand.
The Director of Finance will be instrumental in leading all accounting and finance efforts for this property, along with providing timely and accurate reporting with regional finance team. This individual should be ready and comfortable to be client-facing while handling all books, expenses, budgeting etc. “behind the scenes”.
Role Scope:
Experience/Requirements:
Compensation:
Our client – a reputable, fast-growth hotel management company – is recruiting a Director of Finance (“DOF”) for their highly successful and reputable luxury hotel located in downtown Hollywood. This luxurious property has a distinctive Southern California style that was designed by an award-winning global architecture and design firm. The Director of Finance will operate and lead a team of 2-3 accounting/finance staff at this great location. Unmatched location, incredible amenities and superb charm are all part of this hotel brand.
The Director of Finance will be instrumental in leading all accounting and finance efforts for this property, along with providing timely and accurate reporting with regional finance team. This individual should be ready and comfortable to be client-facing while handling all books, expenses, budgeting etc. “behind the scenes”.
Role Scope:
- Effectively manage and communicate cash flow related issues for 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 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 data/operations to assist and advise management in maintaining the Hotels’ financial objectives.
- Ensure that 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.
Experience/Requirements:
- BS Degree is required
- 3-5+ years of experience in hotel accounting/finance as Director of Finance/Accounting OR Controller
- Resort and experience is required
- Strong PMS/property systems preferred (M3, ProfitSword considered helpful)
- MS Excel skills
- Some management training is 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.
- Must have ability to help follow branding and marketing adjustments as needed.
Compensation:
- Competitive base salary to start (depending on experience)
- Up to 35% annual target bonus possible
- Excellent benefits, 401k, PTO, resources, support etc.
- Some relocation available