Director of Finance

DIRECTOR OF FINANCE

POSITION PROFILE

The Director of Finance will primarily oversee the day-to-day accounting and financial reporting operations in our Los Angeles office. This description is a summary of primary responsibilities and qualifications. The job description is not intended to include all duties or qualifications that may be required now or in the future. 

ABOUT PALISOCIETY

Palisociety is looking for a Director of Finance to join our corporate finance team team.

Palisociety is a collection of unique hotels and residences that aim to enhance the lives of our guests and our communities by creating one-of-a-kind, neighborhood-centric places filled with interesting people and friendly staff providing trusty service. We take to heart that few things in life are as transformative as the people and places you encounter when traveling – and seek to bring that inspiration into everything we do...                                                                                                     

Palisociety is a fully integrated hospitality company that acquires, designs, develops, owns and operates unique hotels and residences across the country under four distinct monikers: Palihouse, Palihotel, Le Petit Pali, ARRIVE by Palisociety and a collection of independently branded properties. The company’s proprietary brands, development and operational expertise also includes specialized retail spaces, highly curated restaurants, bars and event venues. Palisociety properties have been featured on Condé Nast Traveler’ Hot List, Travel Leisure IT List, and more, with accolades from the New York Times, Architectural Digest, Wallpaper* and countless others. Avi Brosh founded Palisociety in 1998 in Los Angeles. For more information, visit www.palisociety.com or follow

THE TASK AT HAND:

• Responsible for financial reporting activities of the hotel through accurate and timely audits and reporting.
• Review of Daily revenue reports
• Monitoring of Chargeback disputes
• Guest Ledger Reviews
• Advance Deposit Reviews
• Accounts Payable Coding and Process of Payments
• Accounts Receivable Billings and Collections
• Complimentary reports
• Credit applications
• Annual and monthly tax calculations and payments
• Bank Reconciliations
• Balance Sheet Reconciliations
• Financial Package Distribution
• Partner with operational leaders to ensure proper collection of payment and processing of invoices, management of check books, and address accounting solutions for operational issues.
• Prepare monthly/quarterly financial packages for management and partners and manage communications and questions
• Work with operational teams to prepare annual budgets and forecast as well as overall financial leadership.
• Create and update monthly schedules that support the balance sheet and certain line items in the income statement.
• Ensure that various financial statements reconciliation protocol are established and adhered, including:
• Reconcile the guest ledger and advanced deposit ledgers daily to the income journal.
• Reconcile the city ledger in M3 and PMS to the general ledger on a monthly basis.
• Reconcile sales and occupancy tax daily in the income journal, research and resolve any discrepancies.
• Reconciling all bank and balance sheet accounts on a monthly basis to ensure all balances are clearly documented and variances researched and rectified in a timely basis.
• Implement processes and procedures to improve the efficiency of the accounting recordation as well as daily and monthly closing process.
• Conduct internal financial audits as directed.
• Ensure all necessary permits and licenses are current.
• Provide management and the operational team with various reports used to manage the hotels – Daily Sales, Labor and other ad hoc reports when needed.
• Prepare penalty break report.
• Assist the operations team with IT related requests and serve as liaison to third-party IT professionals, as needed.
• Special projects as needed.

WHAT WE'RE LOOKING FOR:

• Must possess a positive attitude and be service oriented.
• Must possess strong hospitality business acumen.
• Must be able to multi-task.
• Must possess excellent interpersonal, analytical, and managerial organizational skills.
• Ability to perform job functions with attention to detail, speed, and accuracy.
• Ability to work in a fast-paced environment.
• Ability to work with several properties and adapt to their own uniqueness/needs.
• Ability to prioritize and organize.
• Be a clear thinker, remaining calm and resolving problems using good judgment.
• Opera and Toast experience a plus
• M3 Accounting Core experience a plus
• Perform job junctions with attention to detail, speed, and accuracy. 
• Prioritize, organize, and follow up. 
• Be hands-on, with a “roll-up-your-sleeves” attitude.
• Be a clear thinker, remaining calm and resolving problems using good judgment. 
• Follow directions thoroughly.
• Work with minimal supervision. 
• Must be able to stand for long periods of time.
• Must be able to lift up to 25 lbs.

WHAT'S IN IT FOR YOU:

• A competitive compensation package including medical, dental, vision, and life insurance.
• 401(k) retirement plan (future you will love this one!)
• Paid time off, holiday pay, and sick pay when you’re under the weather.
• Career advancement in an organization committed to helping star employees thrive.
• There’s also an opportunity to expand your career trajectory as we are a fast-growing company with hotels and restaurants in multiple cities.
• Professional development that sets you up for success across multiple hospitality career paths.
• A collaborative work environment where your creative ideas can come to fruition.
• Amazing employee discounts on hotels and dining across our entire portfolio (18 hotels and more to come!)
• Hands-on training with a nimble team.

Palisociety is an Equal Opportunity Employer committed to hiring a diverse workforce and sustaining an inclusive culture. Palisociety does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state, or local laws.

Privacy Notice:

For information on the California Consumer Privacy Act of 2018 (“CCPA”), California Privacy Rights Act of 2020 (“CPRA”), and other California privacy laws, please go to the Palisociety Careers page at www.palisociety.com and www.arrivehotels.com to view the notice.

For more information, visit www.palisociety.com or follow @palisociety

For more information, visit lepetitpali.com or follow @lepetitpali

For more information, visit www.arrivehotels.com or follow @arrivehotels

We are an E-Verify Employer/Somos un empleador de E-Verify.