Director of Finance

Overview

The Director of Finance is responsible for the overall financial management, accounting operations, internal controls, budgeting, forecasting, cash management, and financial reporting of a 215-room hotel. This position serves as a key member of the Executive Committee and partners closely with the General Manager and department leaders to maximize profitability, ensure compliance, and drive operational performance.

The Director of Finance will provide strategic financial leadership, oversee all accounting functions, and ensure accurate and timely reporting while maintaining compliance with company policies, ownership requirements, and applicable laws and regulations.

Responsibilities

Financial Leadership

• Provide strategic financial guidance to the General Manager and Executive Leadership Team.
• Analyze business trends and operational performance to identify opportunities for revenue growth and cost containment.
• Participate in the development and execution of the hotel's business plan.
• Lead financial discussions during executive meetings and ownership reviews.

Financial Reporting & Analysis

• Prepare and review monthly financial statements, variance analyses, and executive summaries.
• Ensure timely and accurate month-end and year-end closings.
• Analyze key performance indicators including ADR, RevPAR, occupancy, labor productivity, flow-through, and departmental profitability.
• Present financial results and recommendations to ownership and corporate leadership.

Budgeting & Forecasting

• Lead the annual budgeting process and periodic reforecasting activities.
• Prepare monthly forecasts for revenue, expenses, labor, and cash flow.
• Monitor actual performance against budget and implement corrective action plans when necessary.
• Work closely with department heads to develop realistic financial goals and operating plans.

Accounting Operations

• Oversee all accounting functions including accounts payable, accounts receivable, payroll, income audit, general ledger, and cash management.
• Ensure all balance sheet accounts are reconciled accurately and timely.
• Review and approve journal entries and financial transactions.
• Maintain strong internal controls and safeguard hotel assets.

Cash & Asset Management

• Manage hotel cash flow and banking relationships.
• Monitor accounts receivable collections and aging.
• Oversee capital expenditure tracking and reporting.
• Ensure compliance with cash handling procedures and company policies.

Compliance & Risk Management

• Ensure compliance with GAAP, company accounting standards, franchise requirements, and ownership reporting requirements.
• Coordinate external audits, internal audits, and tax-related matters.
• Maintain compliance with federal, state, and local regulations.
• Develop and monitor internal control procedures to minimize risk and prevent fraud.

Labor & Operational Support

• Partner with department leaders to manage labor costs, productivity, and scheduling effectiveness.
• Monitor wage and benefit expenses and provide recommendations to improve efficiency.
• Support purchasing and inventory control initiatives to maximize profitability.

Team Leadership

• Recruit, train, mentor, and develop finance team members.
• Establish performance goals and conduct regular performance evaluations.
• Foster a culture of accountability, accuracy, and continuous improvement.
• Promote cross-functional collaboration throughout the hotel.

Qualifications

Education

• Bachelor's degree in Accounting, Finance, Business Administration, or related field required.

Experience

• Minimum 5 years of progressive hotel accounting or finance experience.
• Minimum 2-3 years of leadership experience as a Director of Finance, Controller
• Experience in full-service hotels preferred.

Technical Skills

• Strong knowledge of hotel accounting practices and financial reporting.
• Proficiency with HMS, ProfitSword & HIA preferred
• Advanced Microsoft Excel skills required.
• Strong understanding of budgeting, forecasting, cash flow management, and financial analysis.

Competencies

Physical Requirements

• Ability to work in a standard office environment.
• Ability to sit, stand, and use a computer for extended periods.
• Ability to occasionally lift up to 25 pounds. 

Performance Expectations

Success in this role will be measured by:

• Accuracy and timeliness of financial reporting.
• Achievement of budgeted profit and cash flow objectives.
• Effective labor and expense management.
• Strong internal control environment.
• Successful audit results.
• Development and retention of finance team members.
• Positive partnership with hotel leadership and ownership.

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.
• Team member free room nights program.

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

Salary Range

Compensation: $145,000-$160,000 annual base salary, plus eligibility for an annual performance bonus of up to 30% based on individual and property performance.

Location: Palm Springs, CA

This posting will be open through 12/15/2026 or until the position has been filled.

#LI-onsite #Miramonte

Compensation: 145000 to 160000 (USD)