Chief Financial Officer for Hotels

3 weeks ago

Madison, Wisconsin, United States Cordia Resources by Cherry Bekaert Full time

Job Title: Chief Financial Officer for Hotels

Job Summary: We are seeking a highly skilled Chief Financial Officer for Hotels to join our team at Cordia Resources by Cherry Bekaert. As a key member of our finance team, you will be responsible for managing the financial operations of our hotels, including accounting, budgeting, and financial reporting.

Key Responsibilities:

  • Manage and communicate cash flow related issues to management and ownership.
  • Prepare accurate and timely cash-flow statements, manage receivables, cash balances, control mechanisms, and timely deposits of all funds.
  • Monitor hotel revenues and expenses and ensure accurate recording with established guidelines.
  • Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
  • Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support, and monitoring the bid process, and evaluating scope of work and specifications.
  • Ensure Hotels' compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.
  • Support management with enforcing compliance on all accounting and finance items.
  • Coordinate the completion of all forecasts and budgets as required, with the full and active participation of EC Team and department managers.
  • Analyze data/operations to assist and advise management in maintaining the Hotels' financial objectives.
  • Ensure that balance sheet accounts, including bank reconciliations, are reconciled on a timely basis.
  • Establish and continually audit all internal financial controls, including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
  • Direct and/or prepare all financial reports in accordance with requirements meeting various due dates and deadlines.

Requirements:

  • BS Degree is required.
  • 3-5+ years of experience in hotel accounting/finance as Director of Finance/Accounting or Controller.
  • Resort experience is required.
  • Strong PMS/property systems preferred (M3, Profit Sword considered helpful).
  • MS Excel skills.
  • Some management training is required.
  • Sense of ownership, an operational knack for success, and an eye for numbers.
  • Sound, sensible management/leadership skills and attitude.
  • Should hold a sense of accountability to owners, asset management, and operator.
  • Must have ability to help follow branding and marketing adjustments as needed.

Compensation:

  • Competitive base salary to start (depending on experience).
  • Up to 35% annual target bonus possible.
  • Excellent benefits, 401k, PTO, resources, support, etc.
  • Some relocation available.

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