Vice President, Accounting & Finance, Hospitality bei Extell Development Company

Description

Extell Hospitality Services

Extell Hospitality Services is a dynamic extension of Extell Development Company, blending expertise in asset management, hotel and food & beverage operations with fiscal precision and innovative marketing. Headquartered in New York City Extell Hospitality Services is committed to elevating the art of hospitality with strategic, results-driven excellence.

Overview

Extell Hospitality Services seeks an enthusiastic Vice President of Accounting & Finance to join our newly formed management company. In this role, you will be building and leading a team to oversee finance for Extell Hospitality Services and hotel finance for the managed properties in the Extell Hospitality Services portfolio. You will collaborate closely with all members of Extell Hospitality Services, hotel Directors of Finance, along with above property teams in operations, finance, HR, commercial services, and other Extell business units to make Extell Hospitality Services a leading hospitality company.

The Role

Corporate Oversight Functions:

• Responsible for oversight and analysis to guide decision making:

  • Cash Flow

  • Forecast

  • Budget

  • P&L Package (statement, variance, narrative, PowerPoint presentation)

  • Balance Sheet Reconciliation Accuracy 

• Analyze and communicate positive and negative business trends, using insights to develop action-based plans 

• Lead financial modeling, data analysis and ROIs for new property openings, strategic initiatives and otherwise as required.

• Coordinate applicable systems transitions and policies and procedures (SOP’s) to align and integrate with Extell, including ongoing administration for finance systems as needed

• Act as business partner providing support to all functions through partnering with other corporate finance and divisional functions including legal, operations, commercial services, and human resources. 

• Oversee banking for corporate and property level (e.g. safeguarding protocols, controls,

• Responsible for transition of payroll processing and ongoing review payroll for all corporate employees

• Oversee the hiring, onboarding, and support of finance team, including the development of finance talent

• Other projects as assigned.

Property Oversight Functions:

• Responsible for property level accounting work product and approve prior to ownership distribution

  • Cash Flow

  • Forecast

  • Budget

  • P&L Package (statement, variance, narrative, PowerPoint presentation)

  • Capex, Data Analysis or ROIs

  • Balance Sheet Reconciliation Accuracy 

• Coordinate applicable systems transitions and SOPS to align and integrate with Extell including ongoing administration for finance systems as needed

• Support and lead communications with owners, both proactive and reactive

• Lead relationship with third-party accounting firms where applicable

• Oversee annual financial audit for properties to ensure internal controls are up to brand standards

• Work directly with property teams to review potential revenue and profit improvement opportunities and share best practices

• Work with property teams to transition on property’s compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes

• Lead the process to support the hiring, onboarding, and support of property level directors of finance or controllers, and/or directors of accounting

• Oversee transition of banking for property level (e.g. safeguarding protocols, controls,)

• Responsible for the transition of payroll processing and ongoing review for all managed property level employees

• Other projects as assigned.

Qualifications

Qualifications:

• Experience: 10+ years of experience in same field, industry, or other equivalent business/function role

• Education: Bachelor’s degree in Accounting, Finance, or related field; MBA preferred

• Preferred Certification: CPA and CHAE (Certified Hospitality Accountant Executive) preferred

• Preferred Experience:

  • Experience with leading teams driving change

  • Experience in startup environment

  • Experience with building teams and processes

  • Experience leading and developing communications with owners

  • Experience with Sage Intaact, ProfitSword, and Birchstreet

  • Experience with IHG, Hilton, and Hyatt brands

• Skills:

  • Strong analytical and data interpretation skills

  • Exceptional communication, interpersonal and presentation skills

  • Proven leadership and team management experience

  • Ability to adapt and thrive in a fast-paced environment

  • In-depth knowledge of hospitality industry reporting, regulations, and best practices

Compensation & Benefits:

Extell Hospitality Services offers competitive pay and benefits; and opportunities for professional growth and advancement to include:

• Medical, Dental, and Vision Insurance

• Life and AD&D Insurance

• Short- and Long-Term Disability

• 401(k)

• Paid Time Off

• Paid Holidays

• Employee Assistance Program

*Equal Opportunity Employer