Director of Finance

Job Details

Job Location: Canopy Deer Valley - Park City, UT 84060, Position Type: Full-Time, 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 and Deer Valley, Utah, Extell Hospitality Services is committed to elevating the art of hospitality with strategic, results-driven excellence.

Location

Nestled within the picturesque landscape of Deer Valley, Utah, the Canopy by Hilton at Deer Valley is located adjacent to the Jordanelle Express Gondola Deer Valley providing guests with easy access to skiing during the season. Canopy at Deer Valley will boast an enchanting evolution of this renowned ski destination over the years. As guests embark through the seasons, experiencing the thrill of downhill descents and the tranquility of snow-laden forests, all while enveloped in the warmth and hospitality of the Canopy at Deer Valley.

Overview

The Director of Finance will play a critical role in the financial success of Canopy by Hilton at Deer Valley, overseeing all budgeting, forecasting, cost control, and financial reporting. This Deer Valley-based position requires expertise in managing complex financial operations, including pre-opening budgets, monthly financial reporting, and oversight of multiple F&B operations. The ideal candidate will be a strategic leader who thrives in a fast-paced environment and can ensure alignment with ownership, asset management, and brand partners.

Key Responsibilities

Budgeting and Accountability

• Develop, monitor, and manage pre-opening and operational budgets and ensuring adherence to financial goals.
• Ensure all expense line items are tied to approved budgets, adjusting as necessary.
• Conduct one-on-one meetings with department heads to ensure budgets are understood, checkbooks are balanced, and productivity-focused scheduling is implemented.

Cost Control and Financial Oversight

• Implement and enforce cost control measures across all departments.
• Supervise payroll processes and purchasing activities to maintain fiscal accountability.
• Conduct weekly labor reviews, comparing actuals to schedules, and adjust staffing levels as needed to optimize costs.

Franchise and Brand Partner Engagement

• Monitor and analyze ROI from brand contributions, including Hilton’s marketing and loyalty programs, ensuring alignment with property goals.
• Collaborate with Hilton and Canopy representatives to leverage brand support and maintain compliance with standards.

Monthly Reporting

• Ensure timely and accurate delivery of all required financial and operational reports, including:

• Standard financial statements (Trial Balance, Operating Statement, Balance Sheet, Statement of Cash Flows) with departmental schedules per the Uniform System of Accounts.
• Hotel performance reports (e.g., Franchise, ADR, Sales, Occupancy, STR).
• Trailing 12-month NOI statements.
• Franchise/management inspection and formal Hotel Manager reports.

Technology and Financial Systems

• Demonstrated proficiency in using various financial and operational systems, including experience with accounting, POS, PMS, and procurement systems.
• Leverage software solutions to streamline operations and enhance reporting accuracy.

Deer Valley-Park City Market Dynamics and Legislation

• Maintain a strong understanding of the Deer Valley hospitality market, including recent legislation impacting labor laws, wage requirements, and environmental mandates.
• Adapt financial strategies to navigate local complexities and escalating operating costs.

Sales and Incentive Oversight

• Review and manage the performance-based incentives for the sales team, ensuring accurate and timely payouts.
• Align sales strategies with financial objectives to maximize profitability.

Qualifications

Experience

• Minimum 8-10 years of financial leadership experience, preferably in hospitality or mixed-use properties.

Education

• Bachelor’s degree in Finance, Accounting, or related field; CPA or MBA preferred.

Preferred Experience

• Luxury/Upper Upscale Lifestyle experience
• In-depth knowledge of the market
• Proven experience with pre-opening budgets and oversight of third-party financial operations.
• Familiarity with Hilton and Canopy brand standards and franchisor requirements.

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

Key Competencies

Analytical Expertise

• Ability to synthesize financial data and provide actionable insights.

Leadership

• Strong leadership skills to guide teams and foster a culture of fiscal accountability.

Strategic Thinking

• Forward-thinking approach to align financial strategies with organizational goals.

Adaptability

• Expertise in navigating the complexities of the Park City-Deer Valley hospitality market and regulatory compliance.

Technical Skills

• Strong proficiency in financial and operational software, including accounting, POS, PMS, and procurement systems.
• Additional proficiencies in Microsoft Excel, Word, and PowerPoint.
• Strong knowledge of financial reporting standards, labor management, and cost control methodologies.

Why Join Extell Hospitality Services?

EHS is dedicated to delivering exceptional hospitality through operational excellence and innovative strategies. This role provides an opportunity to lead a high-profile property and contribute to the success of a flagship operation in one of the world’s most dynamic environments.

Additional Considerations

• Benefits: Comprehensive health, dental, vision, 401(k) matching, and other standard perks.