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Corporate Director of Finance
4 months ago
Excel Hotel Group is currently searching for an experienced Corporate Director of Finance to join our team. We are a fast growing; privately held hotel Management Company with 25 select service properties in California with several additional hotel projects in the pipeline. We offer a wide variety of quality select-service hotels under various brands including Marriott, Hilton, IHG, Best Western and Choice branded hotels.
The individual that we seek for this position will bring solid leadership, customer service, and effective communication skills (both oral and written). Proven ability to work with ownership in developing/maintaining strong relationships, out of the box thinker, high level of integrity, strong management and sound technical skills are all key areas that will be utilized to evaluate candidates against our criteria.
This key role will partner with both the Corporate Finance team as well as Execuitve Team with accounting and financial requirements for each respective property, providing financial support and technical expertise with the goal of maximizing profit and safeguarding hotel assets.
Reporting to the President/CEO and Vice President, the Corporate Director of Finance will have be responsible for the accounting of development projects, assist in tax annual preparation, involved in lender and investor reporting along with distributions.
In addition, the position will be key in building and maintaining positive relationships with owners, investors and other external partners as well as leading and developing the Accounting/Finance team.
We offer an outstanding compensation and benefit package.
Duties:
- Act as a financial consultant; provide information on the financial impact of business decisions for all segments of management responsible for policy or action concerning any phase of the business that relates to attainment of objectives, effectiveness of policies and organization structure and procedures.
- Monitor compliance with hotel and accounting policies and procedures, 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 appropriate regional management and to protect the hotel's assets.
- Aids training of accounting department associates in accordance with established objectives, policies, and procedures as availability permits. Supports and collaborates with peers by sharing knowledge and assisting with questions and inquiries.
- Manage Gross Receipts and Business Taxes and 1099-Misc forms Preparation & Filing.
- Assist in annual tax preparation for both hotel and development entities
- Responsible for the overall financial reporting of development entities
- Responsible for external reporting both to lenders and investors on a quarterly basis.
- Prepare ad-hoc financial reports as needed
- Prepare accurate and timely monthly financial statements, accruals, account reconciliations and variance/analytical analysis.
- Ensures the accuracy of monthly/quarterly sales, use, and occupancy taxes, investigating and resolving variances.
- Prepare and review budgets, forecasts, operating results and sales and related tax compliance.
- Maintain compliance with all local, state and federal laws and regulations.
- Answer any property, vendor, ownership, or management inquiries, conducting necessary research to provide reliable information.
- Manage the installation and maintenance of accounting computer systems. Knowledge of M3 desired.
- Conducts periodic audits of budget items, including comparing theoretical to actual expenses and other budget to actual comparisons.
- Continually review internal accounting processes for accuracy, effectiveness and timeliness.
- A four year degree in accounting, 4 - 6 years minimum related experience or an equivalent combination of both education and experience.
- Extensive knowledge of hotel operations, services and accounting.
- Is able to uncover potential obstacles and develops proactive solutions.
- Has a strong knowledge and understanding of GAAP, accrual basis accounting and financial reporting.
- Has proven experience with general ledger functions and close processes.
- Accounting experience in multiple (portfolio) of select service hotels.
- Proficiency in computer accounting systems and spreadsheets.
- Self motivated to take charge and assume responsibility.
- Is an excellent communicator with great listening skills, not afraid to have crucial conversations to help someone on their team grow
- As a plus, has previous experience with hospitality accounting software.
