Director of Operations Finance

Sage Hospitality • Denver, CO

3d • $150,000 - $160,000 • Onsite

About The Position

Sage Hospitality Group is seeking a Director of Operations Finance to join their team in Denver. This role is responsible for strategically supporting the VP of Finance, the Financial Services Department, and Operations to maximize asset value and returns on investment for owners and equity partners. The position will provide proactive service support for senior hotel teams and customers, supporting an assigned portfolio of up to 15 properties. Additionally, the role may directly oversee corporate finance and/or accounting associates and indirectly supervise property-level Finance/Accounting leaders.

Requirements

• Undergraduate degree required; concentration in Finance or Accounting preferred
• 5 years of related management experience in finance roles in hospitality with at least 2 years as a Property Director of Finance / Controller.
• Ability to influence all levels of the organization with their presence and business acumen.
• Proven ability in building and sustaining a strong finance team with strong results.
• Strong knowledge and ability reading, analyzing, and understanding financial statements, loan documents, leases, and contracts.
• Excellent presentation and public speaking skills; ability to identify message points and messaging opportunities.
• Oversight of multiple properties and departments.
• Demonstrates an ability to communicate with a diverse group of customers.
• Ability to manage internal associates at all levels of the organization.
• Proactive, independent, forward-thinking, trustworthy, and hands-on finance executive.
• A dynamic team player who is a quick study and can think creatively and effectively challenge existing practices.
• Able to skillfully shift between strategy and tactics and provide strong leadership to the finance organization.
• Strong computer and problem-solving skills including ability to proactively identify and prevent potential problems.
• Strong written and oral communication skills.
• Strong organizational and project management skills.
• Proven experience presenting, communicating, and negotiating with external investors, owners, lenders, third parties, etc.

Nice To Haves

• Sage Hospitality Group is looking for independent thinkers who harness their entrepreneurial spirit.
• We’re not afraid to forge our own path.
• We welcome risk takers and creative spirits alike.

Responsibilities

• Work with the Corporate Office and Hotel/Restaurant Operational Leaders to determine opportunities to drive profitability to the assigned properties and portfolios.
• Assess purchasing opportunities across assigned properties, including management of the Avendra program and third-party utility companies.
• Evaluate operational metrics to prioritize initiatives that can make the greatest impact across assigned properties.
• Drive hotels’ financial performance through continuous review and monitoring of hotel monthly and annual results, providing feedback to the appropriate Leadership Teams, and suggesting adjustments when appropriate.
• Support teams focused on shared services, operational performance, compliance, and systems.
• Look for more efficient and effective ways to provide services to our hotels and owners.
• Leverage technology and third parties where appropriate.
• Support hotel teams with ROI analysis and metrics regarding planned capital expenditures.
• Participate in the preparation and review of pro-formas for new or expanded hotels and/or restaurants.
• Support the property financial leaders in assigned portfolio in maintaining trained staffing of accounting positions at the property level for assigned properties.
• Hold assigned property financial leaders accountable in maintaining strong internal control environments at all properties to include maximization of profits, proper controls, optimal productivity, and a coordination of efforts towards achieving objectives.
• Work with property financial leaders to drive hotels’ financial performance through continuous review and monitoring of hotel monthly and annual results, providing feedback to the appropriate Leadership Teams, and suggesting adjustments when appropriate.
• Gain a thorough understanding of the ownership agreements for all properties, including but not limited to, management, partnership, operating and franchise agreements.
• Monitor monthly, quarterly, and annual compliance requirements for lenders, ground lessors, food and beverage lessees, retail tenants, parking companies, and franchisors.
• Provide financial leadership for assigned transitions and new openings, ensuring transitions are handled effectively.
• Coordinate the pre-transition setup, onsite transition activities, and post –transition follow-up and inspection.
• Ensure implementation of Sage SOP’s, financial systems, and controls at all new and transition properties.
• General Managers and the Operations team with thoughtful analytics regarding forecasting, cost control and margin improvement.
• Ability to work with a variety of operational leaders in supporting assets across all Sage Hospitality Group divisions, including Sage Hotel Management, Sage Restaurant Concepts, Sage Investments and Sage Studio.
• Evaluate and drive standardization and optimization of process, systems, communication, and controls at each property for maximized results and efficiencies.
• Develop effective analytical process and culture with comprehensive metrics and reporting processes.
• Manage partnership relationships between the organization’s various department, property operations and ownership groups.
• Influence all partnership relationships through motivation, communication and positive team synergies and leadership.
• Ensure coordinated efforts around sharing value-added best practices and procedures.
• Identify potential challenges that could impact the business in the future while taking corrective action on current performance deficiencies.
• Recommend and implement changes to prevent known performance deficiencies from occurring again.
• Benchmarking – Understand hotel performance standards from other management companies and identify opportunities for improvement.
• Annual Plan review – Provide detailed review of the annual budget and forecasts and identify opportunities to maximize market share, revenue, profit, cash flow, etc.
• Assist with the preparation of the annual capital plan for each hotel to ensure that our assets are well-maintained for our guests and consistent with cash and reserve requirements and return on investment criteria.
• Support Operations with the annual presentations to ownership.
• Project management responsibilities include the coordination and guidance of new system initiatives and deployments.
• Ensure owner management agreement obligations are carried out.
• Initiate and participate in owner meetings and act as a liaison with hotel management and other service departments in preparing for these meetings.
• Review and understand financial statements that are delivered to our equity partners.
• Proactively communicate any concerns to ensure no surprises.
• Review and understand ownership needs and expectations on a periodic basis.
• Lead strategic planning, development, and coordination of business initiatives and strategies for assigned properties.
• Oversee communication to customers related to the long-term vision and strategies and ensuring timely and proactive communications to all stakeholders.
• Mentor and develop high potential talent and future high potential talent for the organization in line with the organization’s talent management strategies.
• Implement succession planning within each direct report to provide new opportunities as associates develop, to handle company-wide growth, and to mitigate risk if associates leave.
• Perform any other assignments as directed by the organization or leadership.
• All other duties as assigned, requested, or deemed necessary by management.

Benefits

• Unlimited paid time off
• Eligible for bonus
• Medical, dental, & vision insurance
• Health savings and flexible spending accounts
• Basic Life and AD&D insurance
• Company-paid short-term disability
• Paid FMLA leave for up to a period of 12 weeks
• Eligible to participate in the Company’s 401(k) program with employer matching
• Employee assistance program
• Tuition Reimbursement
• Great discounts on Hotels, Restaurants, and much more.
• Eligible to participate in the Employee Referral Bonus Program. Up to $1,000 per referral.

What This Job Offers

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