Vice President of Finance
About The Position
CoralTree Hospitality is looking for a strategic Vice President of Finance to join our leadership team. In this role, you will oversee the Finance and Accounting functions across a portfolio of hotel properties driving performance, building a strong culture and skilled accounting team, supporting operational excellence, and ensuring financial integrity. As a key member of the CoralTree Leadership Team, you will serve as a trusted advisor to Property Executive Committees and Regional Leaders, focused on maximizing asset value, maintaining strong internal controls, mitigating risk, and delivering accurate, timely financial reporting.
Requirements
- 5+ years of multi-property experience in a decentralized, independent hotel environment.
- Experience as an on-site property Director of Finance supporting one or more full-service properties is beneficial.
- Bachelor’s degree in Accounting/Finance, or equivalent on the job experience (MBA, CPA a plus).
- Experience with financial systems used in hospitality. (ProfitSword, HIA, FloQast)
- Proficient with Microsoft Office Excel and complicated financial models and cash flows.
- Experience with complicated assets, including food and beverage, spa, golf, memberships, condos, and HOAs preferred.
- Ability to travel at least 50%.
Nice To Haves
- Experience as an on-site property Director of Finance supporting one or more full-service properties is beneficial.
- Bachelor’s degree in Accounting/Finance, or equivalent on the job experience (MBA, CPA a plus).
- Experience with complicated assets, including food and beverage, spa, golf, memberships, condos, and HOAs preferred.
Responsibilities
- Conduct in-depth, regular financial reviews across a portfolio of hotels, covering everything from monthly operating statements and cash flow reports to forecasts, balance sheets, and capital expenditures. Identify trends, analyze variances, and ensure timely, accurate reporting that empowers decision-making.
- Serve as a key financial partner to Operations and Finance leadership by flagging significant deviations from budgets, forecasts, performance indexes, and internal controls, and recommending corrective actions as needed.
- Champion process improvements that drive profitability by working closely with property executive teams to enhance expense management and maximize flow-through.
- Provide hands-on leadership, training, and support to Directors of Finance at each property, fostering a culture of accountability, continuous improvement, and financial excellence.
- Collaborate with Property Executive Committees to meet critical budgeting and forecasting deadlines, refine financial planning processes, and ensure each property meets its forecast accuracy goals.
- Cultivate strong, trusted relationships with property owners and lenders. Ensure all reporting requirements are met with accuracy and responsiveness, acting as a direct resource and attending owner meetings as needed.
- Monitor and enforce compliance with all debt and lease obligations, ensuring each property remains in good financial standing.
- Ensure the property accounting teams have qualified, skilled individuals in the appropriate roles and assist will filling those roles as needed, including conducting interviews, finding temporary task force to fill vacated positions, and analyzing staffing needs.
Benefits
- Group medical, dental, vision, life, and disability benefits.
- Participation in a pre-tax flexible benefit plan for healthcare and dependent care reimbursement
- An employee assistance program.
- Paid time off/sick time
- Participation in a 401(k) plan with a company match.
- Team member free room night program.
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Number of Employees
501-1,000 employees
