Description

Executive Hotels & Resorts is seeking an experienced Vice President of Finance to join our senior leadership team. Executive is a privately held hospitality and real estate organization with a diverse portfolio of hotels and development projects across North America, known for its entrepreneurial culture, long-term ownership mindset, and hands-on leadership approach.

Job Description

Reporting to the CFO, the Vice President of Finance will oversee the strategic financial initiatives, fostering a culture of ownership and accountability. This pivotal role will significantly influence the company's growth trajectory by consistently guiding and informing key business and financial decisions. The VP of Finance plays a crucial part in the company's overall success by offering strategic insights across all financial matters.

Responsibilities

• Oversee financial controllers within our hotel portfolio.
• Advise on financial implications and risk of business activities, providing recommendations for mitigation.
• Ensure timely and accurate monthly financial statement reporting.
• Develop and oversee the annual budgeting process, ensuring alignment with strategic goals and objectives, and providing guidance to controllers.
• Manage year-end financial statements and review engagement processes.
• Develop and implement key performance measures and conduct practice analysis.
• Establish and maintain stable cash-flow management policies and procedures.
• Manage all legal issues in collaboration with in-house legal counsel.
• Oversee preparation and filing of statutory reporting and other financial reports.
• Demonstrate a proven track record of facilitating progressive organizational change and development.
• Utilize excellent judgment and creative problem-solving skills, including negotiation and conflict resolution.
• Provide strong mentoring and coaching to a team with diverse levels of expertise.
• Perform accounting and reporting functions for real estate development projects.
• Collaborate with development and construction teams to establish schedules and budgets.
• Prepare and present construction financing proposals and draws to lenders.
• Maintain adequate supplier documentation.
• Ensure adherence to project costs and time schedules by working closely with development and construction teams.
• Conduct internal audits, with one visit to each location per year.
• Coordinate with external auditors.
• Analyze and interpret all financial reporting.
• Establish and review financial and personnel policies and standards.
• Liaise with corporate and hotel management staff to optimize operational results.
• Monitor risk management policies and procedures.
• Arrange financing and lines of credit.
• Analyze investment projects.
• Negotiate leases, union contracts, supplier contracts, and customer contracts.
• Review IT solutions and options for various business units.
• Monitor relevant tax and other legislation applicable to the business.
• Fulfill other tasks and functions as required and requested by the CFO/CEO.

Requirements

• Minimum 10 years of senior leadership experience in finance and administration, including at least 5 years at the VP or Senior Controller level.
• CPA designation required.
• Experience with IFRS reporting standards.
• Seasoned executive with extensive experience in private industry, preferably within owner-operated or privately held organizations.
• Proven background in a B2B operating environment.
• Real estate and development experience considered a strong asset.
• Demonstrated hands-on experience preparing and overseeing financial statements.
• Strong ability to analyze, interpret, and communicate financial information to executive, operational, and ownership stakeholders.
• Demonstrated leadership, mentorship, and team-development capabilities.
• Exceptional analytical, problem-solving, communication, and interpersonal skills.