Chief Financial Officer
The Chief Financial Officer (CFO) is a fiscal steward for the organization – responsible for representing the best interests of ownership. Specifically, and in conjunction with the Managing Director and the Executive Committee, the CFO provides financial strategy to all areas of the resort. This is accomplished through management of key direct reports, leading the budget process and regular collaboration with Executive Committee members in relation to actual versus forecast/budgeted results and the strategies applied to accomplish both.
(The following statements are intended as general illustrations of the work in this job class and are not all-inclusive for this position.)
- Provides leadership in the planning and monitoring of short and long-term strategic financial objectives.
- Identifies opportunities to improve revenue and profits – including estimating cost and benefit and exploring new business opportunities, etc.
- Provides timely and accurate preparation and analysis of budgets, financial trends and forecasts.
- Develops, implements, and maintains a comprehensive job cost and cash flow management system for all projects.
- Establishes and reviews budgets and financial statements and provides solutions for negative variances by enforcing staffing guidelines, expense levels, etc.
- Directs and oversees all aspects of the Finance and Accounting functions of the organization.
- Responsible for the analysis and interpretation of the financial data and communicating this in a comprehensible format to management and ownership.
- Ensures that effective internal controls are in place and ensures compliance with GAAP and applicable federal, state and local regulatory laws and rules for financial and tax reporting.
- Understands all company liabilities, contingencies leases, contracts and insurance needs.
- Ensure all balance sheets are reconciled accurately and timely.
- Responsible for the safe-keeping of all lease and contracts and any other legal records – such a documents, which may affect the financial status of the resort – such documents are the be listed and kept current.
- Develops, implements, and monitors credit and collection procedures.
- Assume all responsibilities assigned.
The CFO will have the following positions reporting directly:
- Director of Finance- is responsible for oversight of the “General Accounting” process. Month End close, Accounts Payable, Cash Management and Balance Sheet Reconciliation. In addition, the Controller manages day-to-day questions regarding all financial transactions. The Controller drives the cyclical, monthly reporting process and all that comes with it, including financial reviews, Flash Reporting, and questions regarding specific daily/weekly/monthly transactions.
- Credit/Collections and Payroll Manager: is responsible for over-seeing the payroll supervisor and payroll rep and ensuring payroll is accomplished with minimal errors. In addition, this director position manages the credit and collections team. Credit and Collections (C&C) consists of 1 supervisor of credit and 3 clerks. This team is responsible for billing groups, handling regular and frequent transient and group guest questions regarding charges. This role is very important as the collection process directly impacts cash flow for the resort and it also impacts guest/group satisfaction.
- Director of Purchasing and Warehousing: is responsible for negotiating contracts resort wide. Regular meeting with this role are required to ensure requests from managers resort wide are reasonable, in-line with budgets and present ROI (Where applicable). This Director has numerous administrative as well as physical labor positions reporting to him. The CFO provides leadership and support to allow this important role to be maximized.
- IT: The CFO should understand technology needs and best practices in the area of technology. The CFO oversees a hybrid IT department that consists of a strong third party contracted service relationship that provides a depth and breadth of needed expertise while also having three salary technical specialists in-house (Network/Applications/Wiring-phones-infrastructure). The CFO mainly applies a level of disciplined, ROI based spending protocols where, without such oversight, spending can be out of control as well as lead to degradation of system stability and user effectiveness.
KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
- Masters of Business Administration.
- CPA and CHAE certifications.
- Currently in a Chief Financial Officer (CFO) position within Hospitality.
- Excellent communication skills and well organized.
- Experience in a Forbes four or five star rated resort is preferred; superior customer/guest service relations experience required.
- Must possess an outgoing personality and knowledge of superior customer service training.
- Must be at least 18 years of age.
- Candidate must have the ability to work varying shifts, including evenings, weekends, and holidays.
- Must be able to speak English fluently.
- Knowledge of and ability to operate Microsoft Office Programs – Word, Excel, PowerPoint, etc.
- Proven track record of staff development and retention, meeting budgeted goals, high levels of service, achieving five-star status, reducing turnover, improving employee morale and protecting physical assets.
- Demonstrates interpersonal sound judgment and decision-making skills in directing administrative tasks, using discretion when necessary, understanding the potential impact on the department.
- Ability to prioritize and delegate, possess good communication skills and leadership qualities – must be able to plan, develop, coordinate, and implement programs, good judgement and must be honest and loyal to ownership.
- Strong, proactive communicator with ability to lead a team and help initiate constructive change.
- Strong technology and analytic capabilities with experience and capabilities in Microsoft, Excel, budgeting tools and understanding and desire to leverage business intelligence tools needed to enhance usability throughout the resort.
- Background in hotel management and development.
- Ability to review legal documents.
- Ability to handle multiple projects in a timely fashion.
- Experience and interest in hospitality and leisure sector including basic understanding of key components and performance indicators in hotel and resort business P&L statements.
- Experience in development budgeting, construction loan administration and job cost budget analysis and reporting.
- Must be able to lift/push/pull/carry no more the 5-30 lbs.
- Ability to stand continuously for 95%, operate equipment for 15%, kneel for 20%, bend for 50%, climb for 35%, and drive for 0% of their scheduled shift.