What are the responsibilities and job description for the Vice President of Finance & Accounting position at HVMG - Hospitality Ventures Management Group?
Join HVMG as the Vice President of Finance & Accounting!
What you will be doing
The Vice President of Finance & Accounting is responsible for the hotel accounting function for Hospitality Ventures Management Group (HVMG). This role will lead a team of Regional Controllers and successfully partner with HVMG Leadership and Hotel Owners/Investors. This includes the preparation of accurate and timely financial reports, ensuring appropriate controls are in place to safeguard assets, and utilizing efficient and effective processes at the hotels and within the corporate team.
Additional Responsibilities include:
- Ensure that the needs of the owners/investors are fulfilled in a timely manner
- Continually evaluate the effectiveness of operational procedures and controls to maximize departmental productivity and minimize errors made by staff
- Responsible for ensuring accounting team is adhering to internal controls
- Review financial results for all properties for completeness
- Assist in organizing and managing information for the annual external audits for owners
- Manage the HVM close process to include P&L, BS, etc. as well as budgets/forecasts
- Oversee the companywide SOP process; identify additional SOPs; update existing SOPs on a regular basis
- Provide annual review of sales, use, occupancy and franchise taxes for all properties, including rates, collections and reporting
- Income tax liaison, acting as primary contact for all Federal/State/Local tax audits
- Team Leader in the accounting/financial reporting area and responsible for the hiring, supervising and evaluating all personnel that report to this position
- Review balance sheet reconciliations for all properties
- Consolidation of Financial Statements
- Oversee Accounts Payable, Accounts Receivable, and Sales/Use Tax Processing.
- Handling of Property Insurance
- Handing of Real Estate Taxes
- Month-End Accounting Close Process
- Cash Management & Cash Flow Forecasting
- Communicate/Analyze/Explain Financial Results internally and to Investors & Lenders (verbally and in writing)
- Spot and recommend cost containment possibilities
- Preparation of labor and staffing models/guides for the hotels
- Prepare Detailed Budgets, Pro Forma’s and other Models
- Implement and execute accounting controls, processes and procedures
- Work directly with outside independent accountants/auditors/tax preparers
- Point person for handling all major accounting technology/software
Education & Experience Requirements:
Education:
Bachelor’s Degree from a four-year college or university with a degree in business required, preferably in finance or accounting or equivalent combination of education and experience. CPA strongly preferred.
Experience:
- 10-15 years experience and demonstrated expertise in financial reporting, cash management, fixed asset accounting, taxes
- Multi-Unit, Multi-Owner Hotel Experience, Highly Preferred.
- Experience managing a staff of 5 or more.
- Demonstrated ability in Strategic Agility, Problem Solving, Priority Setting and Planning, and Delegation
- Strong communication skills, strategic agility, process engineering and people management.
- Experience with M-3, Sage Intacct, Profit Sword Suite, and Hotel Effectiveness.
- Extensive knowledge of financial statement preparation, accounts payable, payroll, and income audit back of house hospitality systems.
- Strong oral and written communication skills.
- Proficient in Microsoft Office Applications.
- Strong knowledge of Generally Accepted Accounting Principles
Benefits
- Comprehensive Benefits Package (Health, Dental, Vision, and More!
- 9 Paid Holidays
- Vacations/Sick/Personal Days
- 401(k) with Guaranteed 4% Match
- Hotel and F&B Discounts
- Career Development/Training Opportunities/Growth
An Equal Opportunity Employer - We provide equal opportunity without regard to race, color, national origin, religion, sex, age, marital status, or disability.
