Director of Finance

Extell Development Company•Park City, UT

19d•Onsite

About The Position

The Director of Finance will play a critical role in the financial success of Canopy by Hilton at Deer Valley, overseeing all budgeting, forecasting, cost control, and financial reporting. This Deer Valley-based position requires expertise in managing complex financial operations, including pre-opening budgets, monthly financial reporting, and oversight of multiple F&B operations. The ideal candidate will be a strategic leader who thrives in a fast-paced environment and can ensure alignment with ownership, asset management, and brand partners.

Requirements

Minimum 8-10 years of financial leadership experience, preferably in hospitality or mixed-use properties.
Bachelor’s degree in Finance, Accounting, or related field; CPA or MBA preferred.
Proven experience with pre-opening budgets and oversight of third-party financial operations.
Familiarity with Hilton and Canopy brand standards and franchisor requirements.
Strong analytical and data interpretation skills
Exceptional communication, interpersonal and presentation skills
Proven leadership and team management experience
Ability to adapt and thrive in a fast-paced environment
In-depth knowledge of hospitality industry reporting, regulations, and best practices
Analytical Expertise: Ability to synthesize financial data and provide actionable insights.
Leadership: Strong leadership skills to guide teams and foster a culture of fiscal accountability.
Strategic Thinking: Forward-thinking approach to align financial strategies with organizational goals.
Adaptability: Expertise in navigating the complexities of the Park City-Deer Valley hospitality market and regulatory compliance.
Technical Skills: Strong proficiency in financial and operational software, including accounting, POS, PMS, and procurement systems.
Additional proficiencies in Microsoft Excel, Word, and PowerPoint.
Strong knowledge of financial reporting standards, labor management, and cost control methodologies.

Nice To Haves

Luxury/Upper Upscale Lifestyle experience
In-depth knowledge of the market

Responsibilities

Develop, monitor, and manage pre-opening and operational budgets and ensuring adherence to financial goals.
Ensure all expense line items are tied to approved budgets, adjusting as necessary.
Conduct one-on-one meetings with department heads to ensure budgets are understood, checkbooks are balanced, and productivity-focused scheduling is implemented.
Implement and enforce cost control measures across all departments.
Supervise payroll processes and purchasing activities to maintain fiscal accountability.
Conduct weekly labor reviews, comparing actuals to schedules, and adjust staffing levels as needed to optimize costs.
Monitor and analyze ROI from brand contributions, including Hilton’s marketing and loyalty programs, ensuring alignment with property goals.
Collaborate with Hilton and Canopy representatives to leverage brand support and maintain compliance with standards.
Ensure timely and accurate delivery of all required financial and operational reports, including: Standard financial statements (Trial Balance, Operating Statement, Balance Sheet, Statement of Cash Flows) with departmental schedules per the Uniform System of Accounts.
Hotel performance reports (e.g., Franchise, ADR, Sales, Occupancy, STR).
Trailing 12-month NOI statements.
Franchise/management inspection and formal Hotel Manager reports.
Maintain a strong understanding of the Deer Valley hospitality market, including recent legislation impacting labor laws, wage requirements, and environmental mandates.
Adapt financial strategies to navigate local complexities and escalating operating costs.
Review and manage the performance-based incentives for the sales team, ensuring accurate and timely payouts.
Align sales strategies with financial objectives to maximize profitability.