Assistant Director of Finance

Overview

Are you ready to help shape the future of travel and hospitality? CoralTree is seeking an Assistant Director of Finance to join our team at RiverPlace Hotel. As the Assistant Director of Finance, you'll provide daily management of the accounting department which includes payroll, income audit, accounts payable, and general ledger. You'll be responsible for reconciling and maintaining the integrity of the general ledger. In addition, you will assist with the preparation of accurate and timely financial reporting, including cash flow, and will routinely provide financial support and analysis to leadership across the resort.

Responsibilities

• Direct and assume responsibility for proper execution of the Resort’s accounting practices, maintenance of accurate financial records, and the timely preparation of financial reports. Utilize standard reporting, as well as insightful comprehensive metrics, to drive continuous improvement for the Resort. This responsibility also includes Resort financial planning, budgeting, accounting and cash management.
• Assist in nurturing the important relationship with the Resort owners. Be responsible for supervising and coordinating reporting as required. Provide timely, concise monthly reporting for the Resort, custom reports as requested, respond quickly to questions or requests and participate in Partner and other appropriate meetings.
• Complete the year-end audit process. Review and approve all reconciliations and audit work papers. Coordinate external auditor’s visits, respond to auditor requests, approve any and all adjustments, reconcile the audit numbers to the property numbers and approve the final audit.
• Review historical and projected cash flows. Take required actions to ensure cash flow is appropriately managed. Communicate to the responsible Property Operations executive, Home Office VP of Finance and others, including owners, as necessary.
• Supervise and participate in the preparation and review of all monthly and annual financial statements. Investigate, review and analyze the variance explanations, and involve the department managers in this process. Ensure all narratives are well written and explain why the variance occurred.
• Interpret operating results as they affect the financial aspects of the Resort, making specific recommendations that will result in cost reductions, profit improvement and benefit to the Resort overall.
• Organize and drive the annual budgeting process along with the monthly forecast for the Resort. Monitor and assist in preparing the property budgets, capital budgets, development budgets and business plans. Ensure accuracy and completion of the budgets on or before the due date. Aid in the preparation and final review of the annual business plan.
• Check appropriation requests against approved budgets prior to committing funds; exercise accounting control to ensure that budgeted expenditures do not exceed authorized levels.
• Coordinate integration of the development financial activity into the operating activity with the result being concise, timely reporting for the overall Resort.

Qualifications

• Bachelor’s Degree in Accounting or Finance.
• Hospitality background, experience with complex properties, including food & beverage finance, a plus.
• Solution-oriented leader with previous supervisory experience required.
• Experience and confidence presenting to ownership.

As a valued member of the CoralTree team, you'll receive a comprehensive benefits package that includes:

• Group medical, dental, vision, life, and disability benefits.
• Participation in a pre-tax flexible benefit plan for healthcare and dependent care reimbursement
• An employee assistance program.
• Paid time off/sick time
• Participation in a 401(k) plan with a company match.
• Free and discounted nights at CoralTree properties

Join us in creating unforgettable experiences for our guests, building vibrant communities, and shaping the future of travel and hospitality.