Director of Finance

Napa First Street•Napa, CA

10d•$150,000 - $170,000•Onsite

About The Position

CoralTree is seeking a Director of Finance for Napa First Street Hotel. The Director of Finance provides daily management of the accounting department, including payroll, income audit, accounts payable, and the general ledger. The role is responsible for reconciling and maintaining the integrity of the general ledger, assisting with accurate and timely financial reporting, including cash flow, and providing financial support and analysis to resort leadership. The Director oversees the Resort’s accounting practices, financial records, reporting, planning, budgeting, and cash management, and ensures operations leaders follow accounting policies. The position also supports the Resort’s relationship with its owners and fulfills reporting and financial service requirements for the HOA and condominium owners. Responsibilities include coordinating and completing year-end audits, managing cash flow, overseeing financial statements and variance analysis, guiding budgeting and forecasting, and driving labor standards and compliance. The role is also responsible for accurate billing, collection, and payment for rental management owners.

Requirements

Bachelor’s degree in Accounting.
Previous supervisory experience.
Experience and confidence presenting to ownership.
Experience with HOAs.

Nice To Haves

CPA preferred.
Hospitality background.
Experience with complex properties, including food and beverage finance.

Responsibilities

Direct and ensure proper execution of the Resort’s accounting practices, maintenance of accurate financial records, and 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.
Ensure operations leaders follow accounting practices and policies.
Support the relationship with Resort owners; coordinate required reporting, provide monthly and custom reports, respond to requests, and participate in Partner and other appropriate meetings.
Oversee accounting functions required by the HOA and condominium owners, review common-area HOA charges, bill the HOA properly, and liaise between Resort financial operations and the HOA board.
Ensure legal, fiduciary, reporting, and financial service requirements for unit owners are satisfied.
Complete the year-end audit process, including the HOA audit; review and approve reconciliations and audit work papers; coordinate external auditors; respond to requests; approve adjustments; reconcile audit figures to property figures; and approve the final audit.
Review historical and projected cash flows and take appropriate action to manage cash flow; communicate with the responsible Property Operations executive, Regional VP of Finance, owners, and others as necessary.
Supervise and participate in preparing and reviewing monthly and annual financial statements.
Investigate, review, and analyze variance explanations with department managers and ensure narratives clearly explain variances.
Interpret operating results and recommend actions to reduce costs, improve profit, and benefit the Resort.
Organize and drive annual budgeting and monthly forecasting; monitor and assist with property, capital, and development budgets and business plans; ensure accuracy and timely completion; and assist with preparation and final review of the annual business plan.
Review appropriation requests against approved budgets before funds are committed and maintain accounting controls to prevent expenditures exceeding authorized levels.
Coordinate integration of development financial activity into operating activity to provide concise, timely reporting for the overall Resort.
Drive labor meetings, labor standards, and compliance with those standards.
Ensure accurate billing, collection, and payment for rental management owners.