PM Hotel Group · 9 hours ago
Regional Director of Finance | Modus by PM Hotel Group
Chevy Chase, MD
Full-time
Hybrid
Lead/Staff, Director/Executive
$120K/yr - $150K/yr
5+ years expPM Hotel Group is a lifestyle hotel management company that is dedicated to fostering an engaging and innovative environment. They are seeking a detail-oriented Director of Finance to oversee the financial operations of their hotel portfolio, ensuring accuracy and compliance while driving profitability and financial performance.
Hospitality
Hiring Manager
Tatiana Bermudez Diener
Responsibilities
Prepare and review financial statements, budgets, and forecasts for multiple properties, ensuring accuracy and compliance with accounting standards and company policies
Collaborate with property managers to develop and manage annual budgets and financial forecasts for each property. Monitor variances and make recommendations for corrective actions
Manage cash flow for the properties, including revenue collection, vendor payments, and other financial transactions. Ensure that sufficient funds are available to meet property needs
Maintain accurate financial records and ensure compliance with relevant accounting standards and regulations. Oversee the timely and accurate processing of accounts payable and receivable
Conduct financial analysis, including ROI calculations, cost-benefit analysis, and performance metrics, to provide insights and support decision-making for property management
Implement and maintain strong internal controls to safeguard assets and prevent fraud
Continuously assess and improve financial processes
Ensure accurate and timely tax filings for the properties. Prepare necessary financial reports for property owners and stakeholders
Communicate regularly with property owners, investors, and other stakeholders to provide financial updates, answer inquiries, and address concerns
Prepare financial information and documentation for internal and external audits. Work with auditors to ensure a smooth audit process
Complete all month-end closing responsibilities, ensuring all deadlines are met and financial statements are issued on time
Development and implementation of business processes, maintaining strong internal controls for hotel properties
Ensure compliance with all Generally Accepted Accounting Principles (GAAP)
Serve as financial advisor to hotel management and ownership
Monitor and approve all sales, purchases, salaries, and expenses of the hotel
Assist and counsel operations leaders in the interpretation and analysis of financial data, recommending courses of action to maximize hotel profitability
Prepare annual plan, projections, and budgets
Monitor and develop direct reports, including, but not limited to, providing supervision and professional development, scheduling, conducting counseling and evaluations and rewards/recognition
Influence and collaborate with hotel operations and shared services teams (sales, marketing, revenue management, people & culture), taking ownership for desired results through partnership
Champion our values, vision, and culture
Qualification
Required
5-7 years of experience in hotel accounting
Bachelor's degree in accounting, Finance, or a related field
Proven track record of successfully achieving financial results and can articulate the underlying strategies that led to the success
Strong knowledge of financial reporting standards and property management software
Proficiency in Microsoft Excel and financial modeling
Excellent analytical and problem-solving skills
Strong attention to detail and accuracy
Team-first mindset – a desire to collaborate and share information
Entrepreneurial mindset – be proactive and review performance from both a hotel and ownership perspective
Positive attitude, despite changing market conditions and circumstances
Preferred
Hotel/lodging corporate accounting experience and multi-property experience preferred
Master's degree or CPA certification a plus
Knowledge of property tax regulations and real estate laws is a plus
Benefits
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 yourself and your team.
Personalized development plan to fit your individual role and career goals.
Leadership courses to improve your personal and interpersonal effectiveness.
Paid Parental Leave.
Tuition reimbursement opportunities – when you grow, we grow!
Employee discount for stays at hotels within our growing hotel portfolio
Company
PM Hotel Group
People-first hospitality. At PM Hotel Group every team member is dedicated to delivering memorable guest experiences.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Ethan Kramer
Chief Investment and Development Officer
Kory Davis
CORPORATE DIRECTOR | NEW BUILDS + TRANSITIONS
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