Regional Director of Finance Job at L'Ermitage Beverly Hills (Beverly Hills)

Job Responsibility

Person directly reports to Vice President, Finance. The position serves as a liaison between the Corporate Office and Properties. Advising of any concerning matters promptly
Review and sign off on all financial statements, forecasts, cash flows and balance sheets
Review balance sheet accounts, ensuring adequate support and documentation for all accounts. Creates plans and timelines to correct any deficiencies
Ensures P&L accuracy and timeliness through adequate accounting workflow planning, effective close management, and optimization of checklists and documentation tools
Ensure property compliance with USALI, GAAP and Company accounting policies and procedures
Ensure satisfaction of 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 Vice President - Accounting
Ensure hotels' compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes
Primary involvement in tax audits and internal/external audits and assist in coordinating the responses to governmental agencies when necessary
Collaborate with other Regional Directors of Finance, Property Controllers/ Directors of Finance, and the Vice President - Accounting to ensure effective coordination of activities and discussion of best practices
Serve as the subject matter expert for all finance division related matters, specifically ensuring implementation and adherence to SOPs, training manuals, systems, and service standards and guidelines
Coach and mentor direct reports to develop their full potential
establish clear expectations that will allow them to achieve success in their role
provide them the necessary tools and training for growth
approach people performance needs by understanding individual needs and barriers
Work with transition and ownership teams for on-boarding and off-boarding of properties ensuring smooth, thorough, and accurate hotel transition activities
Actively assist in recruiting, reviewing, recommending prospective team members like Directors of Finance, Assistant Directors of Finance, Accounting Managers, and other finance team members for the organization
Perform other job-related duties as assigned

Requirements

Superior verbal and written communication skills. Proficient with Microsoft Office Suite
Excellent interpersonal and technical communication skills
must demonstrate the ability to clearly communicate complex ideas and know one's audience
Thorough understanding of accounting and financial best practices, highly desirable to have a knowledge of hotel finance, hotel information and financial systems
Superior organizational skills and attention to detail
ability to plan, prioritize, and multitask
sound judgement
Solution oriented – identifies the source of a challenge to adopt long term solutions
Knowledge of Generally Accepted Accounting Principles (GAAP), USALI, and general accounting practices
Ability to read and understand basic contract elements, e.g., management agreement, terms, priorities, and profit distribution
Business Acumen – Understanding, utilizing, and analyzing business information
Bachelor's degree or equivalent work experience
8+ years' experience in finance or accounting, hotel finance/accounting experience preferred
Experience in a high-growth, fast-paced, multi-unit hospitality (food & beverage or hotel) environment preferred
Excellent verbal and written communication skills, including an ability to generate enthusiasm and speak knowledgeably about financial planning, systems administration, and hotel accounting best practices
Experience in working with Profit Sword (or other Budgeting and Planning enterprise-level software) and Enterprise Resource Planning/Accounting platforms strongly preferred
Experience developing financial forecasting, budgets, cash flow forecasting and the preparation of financial reporting and analysis
Confident, proactive, and positive attitude
energetic and cooperative team player
eager to contribute and improve efficiency
Dedicated to coaching and developing team members

Nice to have

Knowledge of hotel finance, hotel information and financial systems
Experience in a high-growth, fast-paced, multi-unit hospitality (food & beverage or hotel) environment preferred
Experience in working with Profit Sword (or other Budgeting and Planning enterprise-level software) and Enterprise Resource Planning/Accounting platforms strongly preferred

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Regional Director of Finance

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