Area Director of Finance

CoralTree Hospitality • Mayflower Mountain, UT

26d

About The Position

CoralTree Hospitality is seeking an experienced Area Director of Finance to lead financial strategy, reporting, and business planning for three hotels, while leading a finance team in Park City, Utah. The position is based at The Stelle, a boutique luxury mountain resort with residential resort units, dining, spa, recreation, golf, and equestrian amenities. The Area Director of Finance is part of the executive leadership team and oversees financial operations, planning, reporting, cash management, audits, budgets, and financial oversight for hotel and residential resort operations. The role also serves as a key financial liaison to property owners and HOA boards and develops the property accounting and finance teams.

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• At least 5 years of progressive hospitality finance leadership experience, including luxury resort, mixed-use, condominium-hotel, or complex food and beverage operations.
• Previous supervisory experience.
• Confidence and experience presenting to ownership.
• Forward-thinking and solution-oriented leadership approach.

Nice To Haves

• Experience in luxury resorts, residential resort communities, ski destinations, mixed-use developments, or condo-hotel environments.

Responsibilities

• Direct hotel properties’ accounting practices, maintain accurate financial records, and ensure timely preparation of financial reports.
• Use standard reporting and comprehensive metrics to drive continuous improvement, and oversee resort financial planning, budgeting, accounting, and cash management.
• Support and nurture relationships with hotel property owners.
• Supervise and coordinate required reporting, provide timely monthly and requested custom reports, respond to questions, and participate in partner and other appropriate meetings.
• Provide financial oversight for HOA, condominium-owner, and residential resort operations, including budgeting, reserve funding, board reporting, assessments, and compliance with governing documents.
• Serve as the primary financial liaison to HOA boards and residential ownership groups.
• Complete the year-end audit process; review and approve reconciliations and audit work papers; coordinate external auditor visits; respond to auditor requests; approve adjustments; reconcile audit and property numbers; and approve the final audit.
• Review historical and projected cash flows, take appropriate actions to manage cash flow, and communicate with property operations executives, the VP of Finance, owners, and others as necessary.
• Supervise and participate in preparing and reviewing monthly and annual financial statements.
• Investigate and analyze variance explanations with department managers, ensuring narratives clearly explain the causes of variances.
• Interpret operating results and recommend actions to reduce costs, improve profits, and benefit the hotels overall.
• Support the operating team in preparing and reviewing annual hotel budgets; monitor and assist with property, capital, and development budgets and business plans; ensure accurate and timely completion; and aid in preparing and reviewing the annual business plan.
• Check appropriation requests against approved budgets and exercise accounting controls to ensure expenditures remain within authorized levels.
• Ensure compliance with regulatory licenses and permits, leases, contracts, and operational tax obligations, including monthly state sales tax filings.
• Lead, mentor, and develop property accounting and finance teams, fostering accountability, continuous improvement, and professional growth.

Benefits

• Group medical, dental, vision, life, and disability benefits.
• Pre-tax flexible benefit plan for healthcare and dependent care reimbursement.
• Employee assistance program.
• Paid time off and sick time.
• 401(k) plan with company match.
• Annual performance bonus eligibility of up to 30%, based on individual and property performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior