Job SummaryThe Area Director of Finance is responsible for all activities related to budgeting forecasting profit and loss reporting and account reconciliation for operating and balance sheet accounts for up to 4 hotels. This role directly oversees all accounting activities related to income auditing cashiering accounts payable processing accounts receivable collection tax compliance payroll and month end processing. Ensuring financial controls accurate reporting and profitability is a big job and not for the faint of heart but you will not be alone. This position is a high-profile Executive Committee position. Management-level associates are expected to work as much of each workday as is necessary to complete their job responsibilities; for OEM associates overtime does apply and is calculated accordingly.Exempt managers must customarily and regular direct the work of at least 3 full-time associates or their equivalents. Primary duties must consist of administrative executive or professional tasks more than 50 percent of the time and job duties must also involve the use of discretion and independent judgement more than 50 percent of the time. ResponsibilitiesQUALIFICATIONS:
Possess a 4-year Bachelor Degree in Finance/Accounting and a minimum of 5 years of experience in a finance leadership position or a 5+ year history of progressive career growth in hotel finance (or in a similar industry)
Experience with budgeting forecasting profit and loss reporting and balancing ledgers for operating and balance sheet accounts
Aptitude for performing numerical analysis of data and formulating conclusions and/or solutions
Ability to use logic to define a problem collect information establish facts draw valid conclusions interpret information and deal with abstract variables for unique or unfamiliar situations
Proven leadership and coaching skills with a track record of developing a highly motivated and cross trained group of progressive accounting professionals
Ability to clearly and concisely present technical subjects
Must possess strong oral and written communication skills and the ability to conduct effective group meetings and presentations
Ability to comprehend and use technical or professional language either written or spoken to communicate complex ideas
Superior Computer skills: Microsoft Office POS/PMS systems and the ability to create maintain and analyze data in Excel spreadsheets
Ability to work a varied schedule including days evenings weekends holidays and extended hours based on business needs
Supervises and leads the professional development a dynamic finance team
Demonstrate Leadership and Strategic Decision Making
Thinks creatively and practically to develop execute and implement business strategies
Utilizes effective interpersonal and communication skills to lead influence and drive the performance of others
Leads by example by demonstrating honesty and integrity in all business and personnel decisions
Leverages strong financial and operational leadership skills to guide the executive team influence property focus areas and to lead own department
Communicates complex financial concepts and expectations in a clear manner that drive results
Possesses behavioral styles that conveys confidence and commands respect from others
Maintains peak performance levels under pressure and in a dynamic work environment
RESPONSIBILITIES:
Verifies the accuracy and timeliness of all finance functions: daily and month end reporting payroll processing income audit accounts payable accounts receivable and cash and credit card management
Completes comprehensive month end close to include preparing journal entries and accruals completing cost of sales entries reconciling balance sheet accounts ensuring proper tax reporting and analyzing profit performance
Develop and Achieve Financial Goals
Creates the annual operating plan that is aligned with the company's strategic direction
Provides analytical tools and support to department heads during budget preparation
Leads the sales and operations team in creating accurate monthly forecasts that allow the team to react to changes in business levels
Implements and upholds business practices that positively support our obsession with having sales driven culture
Ensures monthly P&Ls reflect accurate revenues expenses and cost of sales calculations
Analyzes daily monthly variances between actual forecasted and budgeted performance
Advises GM and executive team on existing and upcoming financial and operational issues
Analyzes financial data and operational and market trends to identify opportunities for improvement
Leads the property in developing and maintaining a strong labor culture that maximizes productivity performance
Facilitates monthly P&L reviews to uncover challenges opportunities and trends
Manages capital expense budget and reconciles expenditures monthly
Ensures strong accounting and operational controls to safeguard assets and maximize profits
Oversees internal and city audit processes
Manages the accurate collection posting and reconciliation of occupancy taxes sales taxes and transient marketing district (TMD)fees
Reconciles balance sheet accounts monthly and ensures totals are supported by appropriate documentation
Provides continuous direction to and education of the operational team in all areas related to finance financial reports internal controls labor management payroll month end reconciliation P&L performance etc.
Fosters strong professional relationships with the entire management group by providing direct counsel and feedback that positively impacts the performance of the business and sharpens the financial acumen of the team
Conducts ongoing coaching and annual reviews to influence positive team development
Cross trains team members to support successful department operations
Sets high standards for performance and holds the team accountable for results
Supports and brings to life the property's core values and service culture
Property DetailsThis is a part of a dual branded property location. These are sister hotels - the Fairfield by Marriott El Segundo/LAX and the Aloft El Segundo/ LAX. Our recently renovated Fairfield by Marriott is a hotel near LAX airport, located just one mile away. A top choice among LAX hotels with shuttle service, our service is free and runs 24 hours a day. Guests enjoy our complimentary hot buffet breakfast, as well as free WiFi throughout. Suites feature a microwave and pullout sofa bed for their convenience. We are within walking distance of many corporate offices such as Northrop Grumman, Raytheon, AT&T, Chevron and Mattel. The Fairfield Los Angeles LAX/El Segundo hotel is also just minutes away from Manhattan Beach and located on the Pacific Coast Highway.Company OverviewAs the global leader in third-party hotel management, our growing portfolio represents over 1,550 hotels in all 50 states and 22 countries, from top international lodging brands to luxury hotels, destination resorts and lifestyle hotels. Our associates around the globe are passionate about serving our guests and driving exceptional results, and thrive in a culture where everyone is inspired to be the best. Join a world of possibility with Aimbridge Hospitality. BenefitsAfter an initial waiting period, those hired into full time positions are eligible for a competitive benefits package that includes the following:
Now offeringDaily Pay! Ask your Recruiter for more details
Medical, Dental, and Vision Coverage
Short-Term and Long-Term Disability Income
Term Life and AD&D Insurance
Paid Time Off
Employee Assistance Program
401k Retirement Plan
Compensation MinUSD $115,333.92/Yr.Compensation MidUSD $144,167.40/Yr.Compensation MaxUSD $173,000.88/Yr.Apply for this position (https://careers-aimbridge.icims.com/jobs/354710/area-director-finance/job?mode=apply&apply=yes&iniframe=1&hashed=-1834475008) Need help finding the right job?We can recommend jobs specifically for you!EEO StatementAimbridge Hospitality provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.PropertyFairfield Inn & Suites LAXPosted Date5 hours ago(10/7/2024 4:21 PM)ID2024-354710LocationUS-CA-El SegundoCategoryAccounting & FinanceTypeRegularStatusFull-TimeCompany : NameAimbridge Hospitality