Director of Finance

Maybourne Beverly Hills Hotel•Beverly Hills, CA

10d

About The Position

The Maybourne Beverly Hills Hotel invites you to explore opportunities to push your creativity and be outstanding in a career that will bring out your craft and passion. We look for people that will share our vision and help bring it to life. If this is something you want to be a part of, we look forward to receiving your application. Summary of Position The Director of Finance is responsible for managing every aspect of the Finance/Accounting Division. This involves supervising the team of Accounting Managers and all colleagues of the accounting department. The Director of Finance’s main goal will be to ensure that all accounting operations align with the Company’s established standards. You’ll work to optimize the value of financial policies, procedures, controls, and reporting systems. Additionally, you’ll make sure that all accounting and financial reporting activities meet legal and regulatory requirements. The oversight for this position will extend to areas such as cost and general accounting, accounts receivable/payable and collection, payroll, debt service and liaison with the lender and Maybourne CFO and managing financial risks.

Requirements

Bachelor's degree in Finance, Accounting, or a related field. CPA or CMA certification is preferred.
Proven experience (5+ years) in a senior financial management role within the hospitality industry.
Strong understanding of hospitality finance principles, including revenue management and cost control.
Proficiency in financial planning, budgeting, and forecasting.
Excellent analytical skills and ability to translate financial data into actionable insights.
Thorough knowledge of accounting standards, regulations, and best practices.
Experience with financial software and systems, including ERP and property management systems.
Exceptional communication and interpersonal skills, with the ability to communicate financial concepts to non-finance stakeholders.
Detail-oriented and highly organized, with the ability to manage multiple priorities.
Leadership qualities and a track record of managing and developing teams.

Responsibilities

Develops and implements a business plan that aligns with the hotel’s overall strategy, with a primary emphasis on executing financial and accounting activities and achieving desired financial outcomes.
Leads the financial planning and analysis process, including budgeting, forecasting, cash-flow forecasting and long-term financial strategy development.
Oversees the preparation of accurate and timely financial statements, reports, and presentations for management and stakeholders as well as addresses ad hoc needs coming from Maybourne CFO and head office.
Manages the day-to-day operations of the finance department, including accounts payable, accounts receivable, payroll, and general accounting functions plus work with Maybourne CFO on proper and timely debt service and liaison with the lender.
Provides strategic financial guidance to senior management and department heads to support decision-making and business growth.
Monitors financial performance against established goals and budgets, identifying variances and recommending corrective actions.
Develops and implement internal controls, policies, and procedures to safeguard assets and ensure compliance with accounting standards and regulations.
Collaborates with head office and external auditors and regulatory agencies to facilitate audits and maintain compliance with reporting requirements.
Analyses financial data to identify trends, risks, and opportunities for cost savings or revenue enhancement.
Assesses and recommends improvements to financial systems, technology, and processes to streamline operations and enhance efficiency.
Leads and mentors the finance team, fostering professional development and promoting a culture of continuous improvement.
Prepares the annual budget for various associations based on the management agreement and relevant documents.
Ensures that the hotels financial records adhere to GAAP, IFRS, Uniform System of Accounts for the Lodging Industry, and relevant laws.
Timely and accurately prepares and disseminates periodic reports.
Establishes a productive business relationship with property ownership by understanding operating agreements and owner ROI expectations.
Recruits, nurtures, and retains a diverse workforce that offers strong functional expertise and effective financial leadership to the property and the field.
Cultivates a work environment that centers on fairness, equity, colleague contentment, and business triumph.