Vice President Of Finance

JOB SUMMARY

The Vice President of Finance oversees all financial matters of the organization, from making sure month end close is timely to analyzing market trends. Responsibilities include processing the financial activities of the organization to maximize the company's profits and plans for accelerated growth. The role includes analyzing data and advising leaders on ways to use that information to make strategic decisions about an individual hotel's performance and for the total company portfolio. A hands-on approach is necessary on all aspects of the organization's finances, as well as ensuring the company complies with tax laws and regulations specific to the hotel industry.

Responsibilities also include oversight of the accounting team and their career development along with establishing best in class hotel accounting practices. Your ultimate goal will be to develop and grow the accounting team talent and standard operating procedures moving the department to a best in class accounting and finance division.

ESSENTIAL JOB FUNCTIONS

• Partners with the executive team to strategically align company finances as it relates to future development, acquisitions, and growth of the company portfolio.
• Coordinates and executes on finance related tasks as it relates to hotel acquisitions, dispositions, and other transactions.
• Leads the annual hotel budget process
• Assists with Pro Formas for new acquisition opportunities
• Responsible for administration of accounting software
• Supports the financial analysis by working with appropriate team members to support the development of financial models, budgets, forecasts, and financial tools.
• Work with appropriate team members to complete hotel acquisition due diligence as it relates to the finance tasks on the critical path check-list.
• Partners and builds relationships with ownership and asset management to best understand and meet the financial requests/requirements of each ownership group within the company portfolio.
• Ensure timely accounting practices and payments for lease, permits, licensing and other quarterly/annual requirements for hotels within the company portfolio.
• Prepare company financial operating projections, budget, and cash flow forecast for the board of directors.
• Oversee all sides of accounting operations, including payables, receivables, payroll, and tax preparation, fixed asset schedules, balance sheets as well as month end.
• Coordinate the preparation of annual, quarterly, and monthly reports as requested by asset management/ownership as outlined in the finance deliverable of the HMA
• Support COO with Management of insurance coverage for the organization, including compliance
• Process the financial activities of an organization to maximize a company's profits and plan for its growth
• Manage and supervise all AR/AP cycles with external partners and customers - including the implementation of accounting and billing systems and controls
• Keep careful tabs on regular transactions, investments and any business deals that affect the bottom line
• Conduct regular audits of expenditures, assets and liabilities
• Coordinates and manages hotel financial control audits
• In collaboration with operations, plans all aspects of the organization's financial and accounting practices, policies, objectives, and initiatives.
• Acts as a trusted advisor, consultant, and confidant to the President & CEO and senior leadership team, proactively offering advice, counsel, and thought partnership related finance and accounting and the growth objectives within the organization.
• Identifies and develops resources relevant to the financial goals of the accounting team and company.
• Collaborates with leadership, as appropriate, to ensure best in class owner experience in all cases of owner interactions from follow up to delivery to needs assessment.
• Provides financial oversight for the company's related expenses and budgets.
• Drives diversity awareness and demonstrates behaviors that create a culture of acceptance, belonging, and inclusion.
• Completes all required Company training/compliance courses as assigned.
• Adheres to Company standards and maintains compliance with all policies and procedures.
• Prepare financial reports and perform other related duties as assigned.

EDUCATION

Bachelor's Degree in finance, accounting, business administration or a related field

EXPERIENCE

• Prior hotel acquisition, disposition, and hotel transaction experience required.
• A minimum of ten (10) years experience in financial management.
• A minimum of five (5) years experience in the hospitality industry.
• In-depth knowledge of accounting software, financial forecasting and diagnosis, corporate principals, and financial analysis.
• Previous experience supervising and leading an accounting team.
• Proficient in Word, Excel, and PowerPoint and Google Workspace
• Proficient in M3 and ProfitSword.
• Accounting Brand experience with Marriott, Hilton, Hyatt and IHG preferred.

SUPERVISORY RESPONSIBILITIES

This position spends the majority of the time (50% or more) achieving organization objectives, often through coordinating the achievements of subordinate staff. A portion of the time may be spent performing individual tasks related to those performed by direct reports, but primary duties are supervisory or organizational-goal related. Analyzes and resolves problems, determines work techniques, monitors for regulatory compliance, maintains production, interprets and creates policies, and demonstrates solid subject matter knowledge.

Establishes departmental goals and objectives, functions with independence, and makes decisions on matters of significant importance. Manages human, financial, and/or physical resources; proactively assesses risk to establish systems and procedures to protect organizational assets. Exercises judgment within defined procedures and policies to determine appropriate action. Develops systems to ensure subordinates adhere to policies and procedures in compliance with organizational goals and objectives.

Specific supervisory duties include, but are not limited to the following:

• Determines and creates policies, procedures, and manuals for direct reports.
• Establishes objectives and goals for the Accounting team as it relates to meeting the financial objectives of the individual hotel(s) and company portfolio; organizes and manages workflow.
• Assigns, monitors, and reviews work; evaluates direct report's performance.
• Provides assistance and support; maintains a positive and professional working environment.

LICENSES & CERTIFICATIONS

• This position does not require licenses or certifications.

SKILLS & ABILITIES

This position requires the capability to understand and follow both oral and written directions, as well as the ability to communicate effectively with others in English and interact successfully with internal and external customers.

• Strong leadership presence with the proven ability to influence and drive change with senior leaders in scaling the organization and establishing business goals for growth.
• Excellent communication, presentation, reporting and interpersonal abilities and skills.
• An analytical mind with good organizational skills.
• Outstanding leadership skills.
• Must possess attention to detail, confidentiality, integrity, and the ability to maintain a high level of professionalism in a fast-paced dynamic environment.
• Ability to quickly build strong relationships with multiple partners and owners.
• Self-driven, able to work independently.
• Strong financial acumen and experience in creating hotel pro formas for new business opportunities.
• Critical thinking skills: able to develop, document, and effectively communicate strategies.
• Strategic account management, closing, and negotiating skills.
• Excellent communication, presentation, reporting, and interpersonal abilities and skills.
• Strong organizational skills.
• Proven networking skills using social media and LinkedIn with the ability to identify sales leads.
• Computer proficiency in Google Workspace.
• Computer proficiency in Microsoft Word, Excel, and Outlook.
• Understands how to develop and implement business strategies.
• Ability to interpret and create policies, procedures, and manuals.
• Proficient in time management; the ability to organize and manage multiple priorities.
• Ability to take initiative and effectively adapt to changes.
• Able to establish and maintain a cooperative working relation.
• Able to use sound judgment.
• Strong analytical and problem-solving skills.
• Performs well with frequent interruptions and/or distractions.

TRAVEL REQUIREMENTS

• 20% travel required.
• Position is based at the Corporate office in Provo, Utah (not a remote position).

PHYSICAL DEMANDS

• Talking: Expressing or exchanging ideas by means of the spoken word. Those activities in which they must convey detailed or important spoken instructions to other workers accurately, loudly, or quickly.
• Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction. Ability to receive detailed information through oral communication, and to make the discriminations in sound.
• Hands to Fingers: Picking, pinching, typing, or otherwise working, primarily with fingers rather than with the whole hand as in handling.
• Repetitive Motion: Substantial movements (motions) of the wrists, hands, and/or fingers.
• No special visual requirements.
• Close Vision: Clear vision at 20 inches or less. Required to perform an activity such as preparing and analyzing data, transcribing, viewing a computer terminal, extensive reading or visual inspections.
• Sedentary Work: Exerting up to 10 pounds of force occasionally and/or a minor amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects. Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

WORK ENVIRONMENT

• None: No exposure to adverse environmental conditions (typical office/administrative setting).

DISCLAIMER

This job description provides a general overview of the work performed, including the typical responsibilities and level of duties associated with this position. It should not be construed as an exhaustive list of tasks or obligations for any individual team member. This description does not alter the employment relationship between the Company and its team members.

The Essential Job Functions, Physical Requirements, and Work Environment characteristics outlined are intended to reflect the requirements needed to perform the essential functions of this role effectively. Management retains the authority to modify, adjust, or revoke job duties and responsibilities as needed, and to make reasonable accommodations to enable qualified team members to fulfill the essential functions of their roles.

The Company is an Equal Employment Opportunity (EEO) employer and is committed to providing a work environment free from discrimination and harassment. All employment decisions are made based on merit, qualifications, and business needs without regard to race, color, religion, sex, national origin, age, disability, sexual orientation, gender identity, or any other protected status/characteristic in accordance with applicable federal, state, and local laws.