Director of Finance (Hospitality)

Corrado Properties is recruiting a Director of Finance to join us at our corporate office in Palm Beach, FL.

We're seeking entrepreneurial, innovative thinkers as we scale our hospitality start-up to be "future ready." Ideal candidates will have a sound financial background in classic systems paired with a desire to modernize systems and processes to meet today's hospitality environment.

Corrado Properties is an owner, operator, and developer of independent luxury hotels & resorts and real estate assets. Each property is grounded in authentic hospitality and with a spirit for adventure.

Current projects include a repositioning of Sorrel River Ranch (Moab UT), launch of Hotel Biba (Palm Beach FL) and two additional assets under development.

Leading Candidates Will Have :

• Experience in asset financing and investor relations
• Hotel pre-opening, renovation, or transition experience
• AAA or Forbes luxury or lifestyle brand experience
• Worked with rural style resorts, ranches, or ski resorts
• An eye for technology and creating efficient systems
• A natural affinity for the outdoors, adventures, travel, and creating

Job Overview

The Director of Finance is the financial leader of Corrado Properties - overseeing all areas in finance, budgeting, forecasting, accounts payable, and relevant duties.

Demonstrates excellent leadership skills and provides accurate and timely financial reports to corporate and property teams.

Implements internal control procedures that safeguard leaders, owner, assets and complies with Federal, State and Local regulations.

Responsibilities

• Readily assist in the operation of department and special projects. Identifies risks and presents solutions that guides leaders in making effective decisions that meets the financial interests of the hotels.
• Develops annual operating budget, operating plan and financial goals. Achieves budgeted revenues, costs and profits through accounting diligence and expenditure controls and proficient accounting practices.
• Set written priorities and key objectives for each department head quarterly including action plan and completion date.

Follow up to assure successful implementation and follow-through and take corrective action in the event of failure to meet assigned objectives.

• Monthly forecasting of operating staff and cost expenditures. Business planning in line with forecasted sales and costs including guidance to department heads.
• Monthly review of financial statement in order to correct problems, assure spending is in line and to plan for future business.

Review and approve all expenses in "other expense" categories in all departments. Regularly review all major expenses to assure that monies are wisely expended.

Promotes associate moral and loyalty within their department and hotel, leading to reduced turnover. Communicate, counsel and assist in staff development.

Visible and available to all associates in accordance with the Company's open door policy. Attend monthly department employee meetings whenever possible.

• Conduct performance appraisal and personal development plans for management staff. Identify substandard performance of individual managers and outline improvement action, including taking corrective or disciplinary measures.
• Assure level of experience, knowledge and ability to meet job requirements of all hotel management. Cost Controls Review controls and assure adherence at all times in order to protect the hotel's property / assets.
• Review sales solicitation activities, room nights productivity and group room rates sold by sales. Review individual productivity and corrective actions are taken.

Evaluate market mix and take action in order to best position the hotel for increased business. Involvement in sales solicitation of key accounts by reviewing contracts, meeting with sales department, visit key account contacts in person and by phone.

Qualifications

Education / Formal Training

A four-year college degree (accounting preferred) or equivalent education / experience.

Experience

Experience required by position is five to ten years of employment in a related position with this similar organizations.

Knowledge / Skills

• Requires knowledge of all hotel accounting functions performed by the subordinate reporting directly or indirectly.
• Requires advanced knowledge of the accounting, finance and hospitality professions.
• Requires ability to analyze activities or information involving some original data manipulation or interpretation to arrive at logical conclusions.
• Office Management, Bank Reconciliations, Preparation of State and Federal Reports, Training of Accounting staff employees, Conducting or participating in meetings, Analysis of Balance Sheet Accounts, Preparation of Journal entries, closing the books and preparing the Balance, Sheet Package.

Physical Demands

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Lifting, pushing, pulling, carrying -limited lifting, pushing, pulling, carrying up to 15-20 lbs. Generally boxes, computer equipment.
• Bending / kneeling -limited bending / kneeling required when arranging supplies or equipment.
• Mobility -limited mobility between offices and departments. No continuous standing, climbing or driving.
• Excellent hearing required to train and interact with management and associates.
• Excellent vision required to read reports, computer, etc.
16 hours ago