Homeoffice Vice President | Finance | Modus by PM Hotel Group na None

The Vice President of Finance is responsible for directing the finance department staff and processes that support hotel operations. This position ensures that the financial operations of the hotels are conducted in compliance with applicable policies, standards, and procedures, as well as ensures that adequate controls are in place to safeguard the assets of the organization. The VP is accountable for the accuracy and timeliness of reporting to both internal and external parties. This person not only collects and reports data but also analyzes the content and identifies changes or strategies to enhance operational effectiveness.

The ideal candidate is collaborative, engaging, a problem solver able to pivot as circumstances dictate and excited to innovate and adapt to changing business and travel conditions. They thrive in a non-stop environment, exude calm under pressure, are resourceful and resilient. The VP of Finance acts as an ambassador for our company and embodies our values, vision, and culture. 

This is a full-time, exempt, remote position that will require occasional travel. This is an exempt position that reports to the VP | Accounting | PM Hotel Group The salary range for this position is $160,000-$200,000.

Who We Are

• Passionate – about hospitality and fostering an environment where associates will thrive.
• Culture driven – dedicated to respect, teamwork, an entrepreneurial spirit, and the drive to succeed.
• Unique – we encourage our associates to express themselves and their individual talents. We celebrate diversity and are committed to equity and inclusion.
• Innovators – we are a lifestyle hotel management company that is constantly evolving. We are open-minded individuals who embrace change.
• A growing team looking to expand with authentic and genuine individuals who recognize the importance of team engagement.
• A company that has a culture of promoting from within.
• Recognized as a Top Workplace in The Washington Post and Philadelphia Inquirer.

What You’ll Do

• Lead the finance and accounting discipline for the Lifestyle & Luxury (L+L) portfolio, exceeding our goals in GOP, NOI and expense management.
• Provides guidance, direction and training to centralized and decentralized accounting staff and controllers and assists them in managing various financial related tasks.
• Establishes and maintains accounting Standard Operating Procedures (SOP’s)
• Performs monthly financial reviews to ensure timely and accurate reporting to hotel ownership entities.
• Establish, implement, enforce and evaluate policies and procedures designed to achieve company objectives, operational goals, and legal requirements.
• Ensure cost effectiveness of staffing utilization, and the quality and quantity of services provided
• Develop and train staff on technical proficiency
• Direct the timely implementation of new automated financial systems and practices
• Effectively manage and communicate cash flow related issues. This will include the accurate and timely preparation of cash flow statements, management of receivables, payables, cash balances, control mechanisms, and timely deposits
• Monitor hotel revenues/expenses and ensure the accurate reporting as per PM Hotel Group established procedures
• Ensure compliance with all contracts, legal agreements, and the proper execution of all operational taxes; assist management in maintaining all licenses, permits, insurance, and other regulatory contracts
• Direct the Modus by PM Hotel Group payroll function and staff, and ensure compliance with all federal, state, and local laws
• Manage the annual budget process ensuring that all partner deadlines are met
• Influence change and demonstrate accountability and confidence during interactions with key stakeholders including ownership groups, property leaders and brand partners.
• Assist property transition teams in new property openings, transitions, rebranding, development due diligence, and execution of the property strategic revenue plan.
• Inspire, motivate, and coach your leaders to foster a customer-focused and results-oriented environment.
• Create and promote learning opportunities and development plans for direct reports, fostering a culture of development.
• Champion employee engagement and promote a collaborative and inclusive environment where all employees are encouraged to speak up and their input is valued.
• Collaborate with shared services partners (sales, revenue, marketing, operations, people & culture), to maximize performance and engage with companywide initiatives.
• Champion our values, vision, and culture.

What You Bring to the Table

• A minimum of 10 years’ progressively responsible hotel industry experience in accounting or related field, holding a senior leadership role in an above-property, independent environment for at least 5 years.
• Experience directing a centralized accounting team and decentralized Controllers or Directors of Finance (preferred).
• A track record of achieving and maintaining superior financial results at your hotel(s) and can articulate the underlying strategies that led to your achievements.
• Knowledge of the ProfitSword Business Intelligence system.
• Flexibility and the ability to travel to different markets based on transitions, projects, and development of revenue teams.
• Strong leadership skills, incisive analytical skills, as well as the ability to proactively design strategy with the property and senior leadership teams to execute and maximize GOP.
• Excellent communication and organizational skills.
• A thorough knowledge of the hospitality industry, current market trends, and economic factors.
• A strong financial background, sound administrative skills, well developed management skills, and have demonstrated an ability to effectively lead.
• A passion for hospitality will be apparent from speaking with you; you naturally connect with colleagues and guests.
• A love to inspire and motivate your team while focusing on learning and development, giving and receiving feedback.

What’s In It for You

• Competitive salary and bonus plan.
• Generous health, dental and vision insurance, plus 401K.
• Comprehensive onboarding and training plan to set you up for success.
• Coaching, feedback, and mentorship to develop your individual role and career goals.
• Leadership courses to improve your personal and interpersonal effectiveness.
• Generous PTO package and 9 paid holidays.
• Opportunities to volunteer and give back to our local communities.
• Paid Parental Leave.
• Tuition reimbursement opportunities – when you grow, we grow!!

Non-Negotiables (Our Core Values)

• SERVE OTHERS.
• LIVE 360.
• BUILD A POSITIVE TEAM.
• COMMUNICATE.
• BE WILDLY PASSIONATE.
• TAKE OWNERSHIP.
• LEARN + INNOVATE.
• EMBRACE CHANGE

As part of an organizational culture that embraces change and progress, this job description does not seek to limit the tasks and responsibilities of the position. Rather, it acts as a springboard for future career and personal development within the property team and entire PM Hotel Group community.

We are an equal opportunity employer. We actively respect the right of any qualified individual who performs to Modus standards to work. Discrimination based on gender, age, race, religion, national origin, marital status, sexual orientation, disability, or any other characteristic not related.

Modus by PM Hotel Group will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.

This description is subject to change, at the sole discretion of the Company, and in no way creates an employment contract, implied or otherwise; each associate remains, at all times, an “at will” associate.

This position is primarily stationary; this will require moving less than 50% of the time.