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Director of Operations Finance

at HCareers

Job Description

Job Overview

The primary objective of the Corporate Director of Operations Finance at Sage Hospitality Resources is to strategically support the VP of Finance, the Financial Services Department and Operations. The goal is to maximize asset value and returns on investment for our owners and equity partners and to provide proactive service support for our senior hotel teams and customers.

This position will support an assigned portfolio of hotels (up to 10 properties). In addition, the position may directly oversee corporate finance and/or accounting associates and indirectly supervise property level Finance/Accounting leaders to meet and exceed the strategic goals of the organization

Responsibilities

Strategic

    -Work with the VP and Operational Leaders to determine opportunities to drive profitability to the assigned properties.
    -Assess purchasing opportunities across assigned properties, including management of the Avendra program and third party utility companies.
    -Evaluate operational metrics in order to prioritize initiatives that can make the greatest impact across assigned properties.
    -Drive hotels' financial performance through continuous review and monitoring of hotel monthly and annual results, providing feedback to the appropriate Leadership Teams, and suggesting adjustments when appropriate.
    -Support teams focused on shared services, operational performance, compliance and systems.
    -Look for more efficient and effective ways to provide services to our hotels and owners.
    -Leverage technology and third parties where appropriate.
    -Support hotel teams with ROI analysis and metrics regarding planned capital expenditures
    -Participate in the preparation and review of pro-formas for new or expanded hotels and/or restaurants


Financial

    -Support the property financial leaders in assigned portfolio in maintaining trained staffing of accounting positions at the property level for assigned properties.
    -Hold assigned property financial leaders accountable in maintaining strong internal control environments at all properties to include maximization of profits, proper controls, optimal productivity and a coordination of efforts towards achieving objectives.
    -Work with property financial leaders to drive hotels' financial performance through continuous review and monitoring of hotel monthly and annual results, providing feedback to the appropriate Leadership Teams, and suggesting adjustments when appropriate.
    -Gain a thorough understanding of the ownership agreements for all properties, including but not limited to, management, partnership, operating and franchise agreements.
    -Monitor monthly, quarterly, and annual compliance requirements for the following constituents: Lenders, Ground Lessors, Food and Beverage Lessees, Retail Tenants, Parking Companies, Franchisors.
    -Provide financial leadership for assigned transitions and new openings. Ensure transitions of properties are handled effectively. Coordinate the pre-transition setup, onsite transition activities, and post -transition follow-up and
    inspection. Ensure implementation of Sage SOP's, financial systems and controls at all new and transition properties.


Operational

    -Support General Managers and the Operations team with thoughtful analytics regarding forecasting, cost control and margin improvement.
    -Ability to work with a variety of operational leaders in supporting hotels across divisions, including Premier & Lifestyle, Full Service, Select Service and Sage Restaurant Group.
    -Evaluate and drive standardization and optimization of process, systems, communication and controls at each property for maximized results and efficiencies.
    -Develop effective analytical process and culture with comprehensive metrics and reporting processes.
    -Manage partnership relationships between the organization's various department, property operations and ownership groups.
    -Influence all partnership relationships through motivation, communication and positive team synergies and leadership.
    -Ensure coordinated efforts around sharing value-added best practices and procedures.
    -Identify potential challenges that could impact the business in the future while taking corrective action on current performance deficiencies. Recommend and implement changes to prevent known performance deficiencies from occurring again.
    -Benchmarking - Understand hotel performance standards from other management companies and identify opportunities for improvement.
    -Annual Plan review - Provide detailed review of the annual budget and forecasts and identify opportunities to maximize market share, revenue, profit, cash flow, etc. Assist with the preparation of the annual capital plan for each hotel to ensure that our assets are well-maintained for our guests and consistent with cash and reserve requirements and return on investment criteria. Support Operations with the annual presentations to ownership.
    -Project management responsibilities include the coordination and guidance of new system initiatives and deployments.


Owner Communications

    -Ensure owner management agreement obligations are carried out. This includes initiating and participating in owner meetings and acting as a liaison with hotel management and other service departments in preparing for these meetings.
    -Review and understand financial statements that are delivered to our equity partners. Proactively communicate any concerns to ensure no surprises.
    -Review and understand ownership needs and expectations on a periodic basis.


Other Strategic

    -Lead strategic planning, development, and coordination of business initiatives and strategies for assigned properties.
    -Oversee communication to customers related to the long term vision and strategies and ensuring timely and proactive communications to all stakeholders.
    -Mentor and develop high potential talent and future high potential talent for the organization in line with the organizations talent management strategies.
    -Implement succession planning within each direct report to provide new opportunities as associates develop, to handle company-wide growth, and to mitigate risk if associates leave.
    -Look for more efficient and effective ways to provide services to our hotels and owners. Leverage technology and third parties where appropriate.
    -Participate and maintain active company and community relations while taking part in corporate activities and meetings.
    -Perform any other assignments as directed by the organization or leadership.

Other Responsabilities

    -All other duties as assigned, requested or deemed necessary by management.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!