Complex Director of Finance

4 days ago

Paradise Valley, United States Scottsdale Plaza Resort Full time
Complex Director of Finance at Scottsdale Plaza Resort summary:

The Complex Director of Finance at Highgate Hotels oversees the financial operations of the Scottsdale Plaza Resort and Elevation Hotel & Spa, ensuring profitability and compliance with regulations. This role involves managing cash flow, preparing financial statements, and creating annual budgets while maintaining internal controls and auditing processes. The successful candidate will have a strong background in hospitality finance, excellent leadership skills, and a commitment to maximizing asset value.

Compensation Type: Yearly Highgate Hotels:

Highgate is a leading real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is the dominant player in major U.S. gateway cities including New York, Boston, Miami, San Francisco and Honolulu, with a growing Caribbean and Latin America footprint. The hospitality forward company provides expert guidance through all stages of the property cycle, from planning and development through recapitalization or disposition. Highgate has a proven record of developing its diverse portfolio of bespoke lifestyle hotel brands, legacy brands, and independent hotels and resorts with contemporary programming and digital acumen. The company utilizes industry-leading revenue management tools that efficiently identify and predict evolving market dynamics to drive outperformance and maximize asset value. With an executive team consisting of some of the most experienced hotel management leaders, the company is a trusted partner for top ownership groups and major hotel brands. Highgate maintains corporate offices in New York, Chicago, Dallas, London, Miami, and Seattle

Location:

An authentic Arizona experience awaits at the Scottsdale Plaza Resort, where 40 lush acres and 50,000 square feet of flexible event space provide a perfect, palm-lined retreat for family getaways, business meetings and milestone celebrations. Five pools, a full-service salon and day spa, and nearby championship golf set the stage for memorable experiences framed by elegant Spanish Mission-inspired architecture, fragrant gardens filled with desert flowers, and stunning views of Camelback and Mummy Mountain.

Overview:

The Complex Director of Finance is responsible for providing consistent leadership in the financial area of the hotel by focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels on internal control; ensuring compliance with all federal, state, and local regulations and Highgate Hotels 's Standard Operating Procedures; and safeguarding owners/investors assets. This Complex role will support both the beautiful Scottsdale Plaza Resort & Villas as well as the unique Elevation Hotel & Spa.

Responsibilities:

  • Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of monthly financial statements for the property: cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.
  • Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Highgate Hotels established guidelines. Monitors and controls Hotel's cash flow and operating forecast.
  • Creates annual budgets and monthly variance analysis. Investigates and critiques variances to budget or to prior year and offer practical improvement methodologies to management.
  • Ensure hotels' compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items.
  • Analyze financial data and operations in order to assist and advise management in maintaining the hotels' financial objectives.
  • Complies with Standard Accounting policies and procedures and internal controls for finance and accounting operations
  • Timely reviews and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
  • Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
  • Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.
  • Hire, train, supervise and develop staff, including coaching, counseling and discipline.
  • Maintain compliance with Highgate Hotels' standards and regulations to ensure safe and efficient operation of the hotel.

  • Directs or prepares all financial reports in accordance with Highgate Hotels' requirements, meeting various due dates and deadlines, i.e:

    • Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates
    • Monthly: Financial Statements, Forecasting KeyStatistics Report, Cash Flow
    • Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
  • Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times.
  • Monitor hotels' compliance in meeting required report deadlines and due dates and react accordingly.
  • Monitor the accurate production of the hotel daily operating report.
  • Executes other special projects and responsibilities as assigned.
Qualifications:
  • At least 5 or more years of Hospitality Finance/Accounting experience.
  • Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel.
  • Excellent verbal and written communication skills.
  • Bachelor's degree required preferably in Finance or Accounting.
  • Must supervise 2 or more employees
  • Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems.
  • Role will be based at Scottsdale Plaza Resort with occasional travel to Elevation Hotel & Spa.


Keywords:

hospitality finance, financial management, budgeting, cash flow, internal controls, accounts payable, accounts receivable, financial reporting, hotel management, compliance

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