CORPORATE DIRECTOR OF FINANCE

$150,000 - $175,000/Yr

Twenty Four Seven Hotels - Newport Beach, CA

Full-time - Senior

Newport Beach, CA

Accommodation

About the position

Twenty Four Seven Hotels is excited to be in search of a Corporate Director of Finance. This position will administer all financial operations of hotels, including Asset Protection, Reporting, Systems Management, Budgeting, Forecasting, Audits, and Compliance. As a Leader of the Finance and Accounting Team, you will help us craft inspired workplaces that enable our Associates to deliver exceptional guest experiences and maximize investor returns. This could be the perfect opportunity for a seasoned Controller to take the next step and advance your career with a growing and exciting hotel management company!

Responsibilities

• Directs and administers all financial operations of the hotels, including asset protection, financial reporting, systems management, budget, forecasting, and ensuring compliance with all Generally Accepted Accounting Principles (GAAP).
• Provides effective leadership to ensure complete accountability for financial and overall Accounting Department performance.
• Has final oversight of Cash Management for the portfolio.
• Ensures the monthly financial statements, monthly forecasts, balance sheet, statement of cash flow, and other mandated reports are executed in a consistent and timely manner according to Company Policies and Procedures, GAAP, and the Uniform System of Accounts.
• Analyzes and interprets financial results for improved profitability with Regional Managers.
• Conducts month-end P&L reviews for accountability, accuracy, and discrepancies with GM's, as required.
• Works with the operations team to achieve hotels' goals of flawless care of the customer, delivering on the brand promise, and ensuring financial responsibility.
• Ensures compliance regarding all financial practices and regulations.
• Oversees and manages hotel's capital expense budgets and reconciles expenditures and escrow accounts.
• Partners with Regional Operational Managers to prepare assumptions and goals for controllable expenses, labor expenses by position, and all revenue departments for the Annual Operating Plan.
• Prepares Capital Expense budget for the following year as well as a five-year capital plan.
• Partners with GM and operations to forecast acceptable profit and flow through by the 25th of the month for Monthly GOP Forecasting.
• Visits properties at least semi-annually based on the accounting needs of the hotel.
• Works with VP of Finance in establishing and executing department's OKRs (Objectives & Key Results).
• Develops key financial models and monitors hotels' Reserve accounts as it relates to reconciling actual payout to what is 'pulled' by Servicer.
• Monitors and develops team member performance, including providing supervision and professional development, scheduling, conducting counseling and evaluations, and delivering recognition and reward.
• Recruits, interviews, and trains accounting team members.

Requirements

• 3-5 years of experience managing a multi-state hotel portfolio.
• 5-7 years of experience managing a staff of finance managers and support staff.
• Excellent verbal and written communication skills.
• 4 Year college degree, preferably in Finance, Business Administration, Economics, or Accounting.
• Proficient in MS Office Suite (especially Excel).
• Ability to manage projects and meet deadlines.
• Must be a team player and highly organized.
• Ability to build positive relationships with internal customers in the field and at the Corporate Office.

Benefits

• Paid training
• Health insurance
• Dental insurance
• Paid time off
• Vision insurance
• Opportunities for advancement
• Referral program
• Paid sick time