Area Assistant Director of Finance

The Area Assistant Director of Finance, functions as the multi-property Financial Business Support Leader, supporting several hotels in California and one in Seattle. Reporting to the Regional Director of Finance, the Area Assistant Director of Finance will champions regional project and assist on property finance teams to deliver products and services to meet or exceed the needs and expectations of guests, colleagues, and owners. 

Responsibilities:

o    Support the achievement of property annual goals and targets to ensure profitability and revenue growth. Actively participate in cross-functional teams to drive overall business performance (e.g., revenue management and sales and marketing).
o    Assist in the management of working capital, cash flow, capital, overall expenses and daily accounting activities to obtain highest value. Identify risk exposure and effectively manage financial and business risk to create and preserve value, ensuring effective systems of controls are in place.
o    Ensure strong relationships with hotel owners, lenders, insurance brokers and other constituents.
o    Function as a strategic business partner to the Regional Team, the property General Managers and the Directors of Finance. Leverage strong financial expertise and business acumen to influence the strategic direction of operations, identify opportunities for growth, optimize allocation of financial resources, and drive business results.
o    Effectively support the execution of finance and accounting responsibilities for the properties, including the preparation of the annual business plan and operating budget, forecasting, internal controls, financial analysis, cash management, balance sheet reconciliation, financial reporting, P&L accuracy, capital expenditure budget, etc.
o    Support the education property team on key financial processes.
o    This position is also responsible for legal entities relating to ownership (e.g. taxes, re-financing of debt and debt compliance, etc.)
o    Support the focus on maximizing the property’s revenue by supporting the development of revenue-generating strategies for different areas of the hotel and related lines of business. As needed, work with revenue management to develop effective revenue management strategies and set aggressive goals; participate in sales strategy meetings and use financial expertise and analytical models to evaluate mix of transient and group revenue and provide pricing and inventory recommendations to increase market share and attain growth and profit goals.
o    Analyze financial data and market trends and produce accurate forecasts that enable operations to react to changes in the business; monitor and take steps to enhance forecast accuracy; facilitate meetings to review information with management team.
o    Use financial analysis and market information to anticipate needs, identify business/financial issues, and recommend actions to maximize financial return. Identify opportunities to create value by challenging existing processes, encouraging innovation and driving necessary change through calculated risk taking.
o    Ensure a strong accounting & operational control environment to safeguard assets, improve operations and profitability. Ensure compliance with standard and local operating procedures, and local regulations.
o    Help with the oversight of internal, external, and regulatory audit processes and ensure compliance with SOPs; make sure appropriate corrections are made.
o    Reconcile balance sheet and ensure account balances are supported by appropriate supporting documentation in accordance with SOPs.
o    Effectively manage property working capital and cash flow.
o    Analyze ROI capital projects prior to commit funds and upon completion determine if anticipated results were achieved.
o    Engage with insurance brokers, when appropriate. Serve as a liaison between home office, property, and insurance carriers when claims are filed.
o    Be accountable for compliance with contract and reporting requirements for the property. Ensure the rest of the executive and property management team is familiar with the management contract and structure of the deal, and in compliance with contract requirements.
o    Hire, retain, and continually develop diverse, high-caliber talent that make a strong, positive impact on the organization.
o    Set goals and expectations for direct reports using the performance assessment process and holds staff accountable for successful performance; coach team by providing specific feedback to improve performance. Create appropriate developmental plans and develop team members based on their individual strengths, development needs, career aspirations, and abilities.

Qualifications:

o    At least 3-4 years of related experience for Assistant Director of Finance. Lodging/hospitality industry knowledge preferred
o    Excellent finance, accounting and analytical skills, including experience with cash management, forecasting, revenue management strategies, capital expenditure planning and budgeting, and project management
o    Experience evaluating business trends and developing and successfully implementing new business programs and strategies that enhance financial performance
o    Experience in owner relations
o    Experience with complex operating and financial agreements; demonstrated success in evaluating risks and developing proactive strategies and plans to mitigate business issues
o    Experience managing people
o    Bachelor’s Degree in Accounting, Finance, Business Administration or related field required (completed Intermediate Accounting and one advance accounting course at a minimum)
o    MBA, CPA (or equivalent) preferred depending on size and complexity of hotel
o    Knowledge of US GAAP and USALI

Visa Requirements:

You must provide proof of eligibility to work in the United States.

Vaccination Policy:

To keep our employees and the general public safe from the threat of COVID-19 and the rise of variants in the community, the Claremont Club & Spa has implemented a COVID-19 Vaccination Policy.

Our commitment to Diversity & Inclusion:

We are an inclusive company and our ambition is to attract, recruit and promote diverse talent. Claremont Club & Spa is an Equal Opportunity Employer. EOE/M/F/D/V