Regional Director of Finance

EOS • New York, NY

7d • $180,000 - $200,000

About The Position

Duties/Responsibilities: Person directly reports to Vice President, Finance. The position serves as a liaison between the Corporate Office and Properties. Advising of any concerning matters promptly. Review and sign off on all financial statements, forecasts, cash flows and balance sheets. Review balance sheet accounts, ensuring adequate support and documentation for all accounts. Creates plans and timelines to correct any deficiencies. Ensures P&L accuracy and timeliness through adequate accounting workflow planning, effective close management, and optimization of checklists and documentation tools Ensure property compliance with USALI, GAAP and Company accounting policies and procedures Ensure satisfaction of legal requirements and contractual obligations (including obligations under a management agreement) utilizing internal controls, auditing, and security procedures to ensure deviations are brought to the attention of the General Manager and Vice President - Accounting. Ensure hotels' compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Primary involvement in tax audits and internal/external audits and assist in coordinating the responses to governmental agencies when necessary. Collaborate with other Regional Directors of Finance, Property Controllers/ Directors of Finance, and the Vice President - Accounting to ensure effective coordination of activities and discussion of best practices Serve as the subject matter expert for all finance division related matters, specifically ensuring implementation and adherence to SOPs, training manuals, systems, and service standards and guidelines. Coach and mentor direct reports to develop their full potential; establish clear expectations that will allow them to achieve success in their role; provide them the necessary tools and training for growth; approach people performance needs by understanding individual needs and barriers. Work with transition and ownership teams for on-boarding and off-boarding of properties ensuring smooth, thorough, and accurate hotel transition activities. Actively assist in recruiting, reviewing, recommending prospective team members like Directors of Finance, Assistant Directors of Finance, Accounting Managers, and other finance team members for the organization. Perform other job-related duties as assigned. Required Skills/Abilities: Superior verbal and written communication skills. Proficient with Microsoft Office Suite Excellent interpersonal and technical communication skills; must demonstrate the ability to clearly communicate complex ideas and know one’s audience Thorough understanding of accounting and financial best practices, highly desirable to have a knowledge of hotel finance, hotel information and financial systems. Superior organizational skills and attention to detail; ability to plan, prioritize, and multitask; sound judgement Solution oriented – identifies the source of a challenge to adopt long term solutions Knowledge of Generally Accepted Accounting Principles (GAAP), USALI, and general accounting practices. Ability to read and understand basic contract elements, e.g., management agreement, terms, priorities, and profit distribution. Business Acumen – Understanding, utilizing, and analyzing business information. Education and Experience: Bachelor's degree or equivalent work experience; 8+ years’ experience in finance or accounting, hotel finance/accounting experience preferred. Experience in a high-growth, fast-paced, multi-unit hospitality (food & beverage or hotel) environment preferred. Excellent verbal and written communication skills, including an ability to generate enthusiasm and speak knowledgeably about financial planning, systems administration, and hotel accounting best practices. Experience in working with Profit Sword (or other Budgeting and Planning enterprise-level software) and Enterprise Resource Planning/Accounting platforms strongly preferred. Experience developing financial forecasting, budgets, cash flow forecasting and the preparation of financial reporting and analysis Confident, proactive, and positive attitude; energetic and cooperative team player; eager to contribute and improve efficiency Dedicated to coaching and developing team members Physical Requirements: Prolonged periods sitting at a desk and working on a computer. Must be able to lift up to 15 pounds at a time. Salary range for this position is $180,000 to $200,000 annually.

Requirements

• Superior verbal and written communication skills
• Proficient with Microsoft Office Suite
• Excellent interpersonal and technical communication skills; must demonstrate the ability to clearly communicate complex ideas and know one’s audience
• Thorough understanding of accounting and financial best practices, highly desirable to have a knowledge of hotel finance, hotel information and financial systems
• Superior organizational skills and attention to detail; ability to plan, prioritize, and multitask; sound judgement
• Solution oriented – identifies the source of a challenge to adopt long term solutions
• Knowledge of Generally Accepted Accounting Principles (GAAP), USALI, and general accounting practices
• Ability to read and understand basic contract elements, e.g., management agreement, terms, priorities, and profit distribution
• Business Acumen – Understanding, utilizing, and analyzing business information
• Bachelor's degree or equivalent work experience
• 8+ years’ experience in finance or accounting, hotel finance/accounting experience preferred
• Experience in a high-growth, fast-paced, multi-unit hospitality (food & beverage or hotel) environment preferred
• Excellent verbal and written communication skills, including an ability to generate enthusiasm and speak knowledgeably about financial planning, systems administration, and hotel accounting best practices
• Experience developing financial forecasting, budgets, cash flow forecasting and the preparation of financial reporting and analysis
• Confident, proactive, and positive attitude; energetic and cooperative team player; eager to contribute and improve efficiency
• Dedicated to coaching and developing team members
• Prolonged periods sitting at a desk and working on a computer
• Must be able to lift up to 15 pounds at a time

Nice To Haves

• hotel finance/accounting experience
• Experience in a high-growth, fast-paced, multi-unit hospitality (food & beverage or hotel) environment
• Experience in working with Profit Sword (or other Budgeting and Planning enterprise-level software) and Enterprise Resource Planning/Accounting platforms strongly preferred

Responsibilities

• Serves as a liaison between the Corporate Office and Properties
• Review and sign off on all financial statements, forecasts, cash flows and balance sheets
• Review balance sheet accounts, ensuring adequate support and documentation for all accounts
• Creates plans and timelines to correct any deficiencies
• Ensures P&L accuracy and timeliness through adequate accounting workflow planning, effective close management, and optimization of checklists and documentation tools
• Ensure property compliance with USALI, GAAP and Company accounting policies and procedures
• Ensure satisfaction of legal requirements and contractual obligations (including obligations under a management agreement) utilizing internal controls, auditing, and security procedures to ensure deviations are brought to the attention of the General Manager and Vice President - Accounting
• Ensure hotels' compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes
• Primary involvement in tax audits and internal/external audits and assist in coordinating the responses to governmental agencies when necessary
• Collaborate with other Regional Directors of Finance, Property Controllers/ Directors of Finance, and the Vice President - Accounting to ensure effective coordination of activities and discussion of best practices
• Serve as the subject matter expert for all finance division related matters, specifically ensuring implementation and adherence to SOPs, training manuals, systems, and service standards and guidelines
• Coach and mentor direct reports to develop their full potential; establish clear expectations that will allow them to achieve success in their role; provide them the necessary tools and training for growth; approach people performance needs by understanding individual needs and barriers
• Work with transition and ownership teams for on-boarding and off-boarding of properties ensuring smooth, thorough, and accurate hotel transition activities
• Actively assist in recruiting, reviewing, recommending prospective team members like Directors of Finance, Assistant Directors of Finance, Accounting Managers, and other finance team members for the organization
• Perform other job-related duties as assigned

What This Job Offers

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