Area Director of Finance

Area Director Of Finance

Are you ready to help shape the future of travel and hospitality? At CoralTree Hospitality, we are deeply connected to and proud of the exceptional experiences we provide for our guests. We understand what it takes to be a part of something great. We encourage you to bring your true self to work every day, and we will celebrate and cheer you on as you shine bright in your career journey.

We are seeking an experienced Area Director of Finance to lead the financial strategy, reporting, and business planning for three hotels with a finance team in beautiful Park City. This position will be based at The Stelle which is one of Park City's newest luxury hotels. "The Stelle" is a new boutique mountain resort located at the heart of the SkyRidge Mountain Community near the Jordanelle Reservoir. It has 67 luxury residential resort units with mountain or lake views and blends elegance and modern sophistication in Park City, Utah with direct access to Deer Valley Ski Resort's new East Village. Anchored by fine dining, a full-service spa, a café, and a collection of lake and mountain recreation experiences, the Lodge serves as the hospitality centerpiece of the SkyRidge resort, featuring 469 custom homesites with panoramic water and mountain views, complemented by world-class golf and equestrian amenities.

As Area Director of Finance, you will be a member of the executive leadership team. This is an exciting opportunity to make a meaningful impact while advancing your career with a respected hospitality management company.

Responsibilities

• Direct and assume responsibility for proper execution of the hotel properties accounting practices, maintenance of accurate financial records, and the timely preparation of financial reports. Utilize standard reporting, as well as insightful comprehensive metrics, to drive continuous improvement for the Resort. This responsibility also includes Resort financial planning, budgeting, accounting and cash management.
• Assist in nurturing the important relationship with the hotel properties owners. Be responsible for supervising and coordinating reporting as required. Provide timely, concise monthly reporting for the hotels, custom reports as requested, respond quickly to questions or requests and participate in Partner and other appropriate meetings.
• Provide financial oversight for HOA, condominium-owner, and residential resort operations, including budgeting, reserve funding, board reporting, assessments, and compliance with governing documents. Serve as the primary financial liaison to HOA boards and residential ownership groups.
• Complete the year-end audit process. Review and approve all reconciliations and audit work papers. Coordinate external auditor's visits, respond to auditor requests, approve any and all adjustments, reconcile the audit numbers to the property numbers and approve the final audit.
• Review historical and projected cash flows. Take required actions to ensure cash flow is appropriately managed. Communicate to the responsible, Property Operations executive, VP of Finance and others, including owners, as necessary.
• Supervise and participate in the preparation and review of all monthly and annual financial statements. Investigate, review and analyze the variance explanations, and involve the department managers in this process. Ensure all narratives are well written and explain why the variance occurred.
• Interpret operating results as they affect the financial aspects of the hotels, making specific recommendations that will result in cost reductions, profit improvement and benefit to the hotels overall.
• Support the operating team in preparation and review of the annual budgeting process for the hotels. Monitor and assist in preparing the property budgets, capital budgets, development budgets and business plans. Ensure accuracy and completion of the budgets on or before the due date. Aid in the preparation and final review of the annual business plan.
• Check appropriation requests against approved budgets prior to committing funds; exercise accounting control to ensure that budgeted expenditures do not exceed authorized levels.
• Ensure compliance on regulatory licenses and permits, leases, contracts and proper execution of operational tax obligations, including monthly state sales tax filings
• Lead, mentor, and develop the property accounting and finance teams while creating a culture of accountability, continuous improvement, and professional growth.

Qualifications

• Bachelor's degree in Accounting, Finance or a related field.
• Minimum 5 years of progressive hospitality finance leadership experience, including luxury resort, mixed-use, condominium-hotel, or complex food and beverage operations.
• Forward thinking, solution-oriented leader with previous supervisory experience required.
• Experience and confidence presenting to ownership.
• Preferred experience in luxury resorts, residential resort communities, ski destinations, mixed-use developments, or condo-hotel environments.

As a valued member of the CoralTree team, you'll receive a comprehensive benefits package that includes:

• Group medical, dental, vision, life, and disability benefits.
• Participation in a pre-tax flexible benefit plan for healthcare and dependent care reimbursement
• An employee assistance program.
• Paid time off/sick time
• Participation in a 401(k) plan with a company match.

Join us in creating unforgettable experiences for our guests, building vibrant communities, and shaping the future of travel and hospitality.

Compensation: $160,000-$175,000 annual base salary, plus eligibility for an annual performance bonus of up to 30% based on individual and property performance.