Director of Finance at Vaco, LLC
San Diego, CA 92131
About the Job
About the Company: Hotel Management Company. They are a fast growing; privately held hotel Management Company with over 20 select service properties in California with several additional hotel projects in the pipeline.
Location: North County, San Diego – Onsite
Title: Director of Finance
Salary: $130-170k
Job Description: This key role will partner with both the Corporate Finance team as well as Execuitve Team with accounting and financial requirements for each respective property, providing financial support and technical expertise with the goal of maximizing profit and safeguarding hotel assets. Reporting to the President/CEO and Vice President, the Corporate Director of Finance will have be responsible for the accounting of development projects, assist in tax annual preparation, involved in lender and investor reporting along with distributions. In addition, the position will be key in building and maintaining positive relationships with owners, investors and other external partners as well as leading and developing the Accounting/Finance team.
Responsibilities:
- Act as a financial consultant; provide information on the financial impact of business decisions for all segments of management responsible for policy or action concerning any phase of the business that relates to attainment of objectives, effectiveness of policies and organization structure and procedures.
- Monitor compliance with hotel and accounting policies and procedures, legal requirements, and contractual obligations (including obligations under a management agreement) utilizing internal controls, auditing and security procedures to ensure deviations are brought to the attention of the General Manager and appropriate regional management and to protect the hotel's assets.
- Aids training of accounting department associates in accordance with established objectives, policies, and procedures as availability permits. Supports and collaborates with peers by sharing knowledge and assisting with questions and inquiries.
- Manage Gross Receipts and Business Taxes and 1099-Misc forms Preparation & Filing.
- Assist in annual tax preparation for both hotel and development entities
- Responsible for the overall financial reporting of development entities
- Responsible for external reporting both to lenders and investors on a quarterly basis.
- Prepare ad-hoc financial reports as needed
- Prepare accurate and timely monthly financial statements, accruals, account reconciliations and variance/analytical analysis.
- Ensures the accuracy of monthly/quarterly sales, use, and occupancy taxes, investigating and resolving variances.
- Prepare and review budgets, forecasts, operating results and sales and related tax compliance.
- Maintain compliance with all local, state and federal laws and regulations.
- Answer any property, vendor, ownership, or management inquiries, conducting necessary research to provide reliable information.
- Manage the installation and maintenance of accounting computer systems. Knowledge of M3 desired.
- Conducts periodic audits of budget items, including comparing theoretical to actual expenses and other budget to actual comparisons.
- Continually review internal accounting processes for accuracy, effectiveness and timeliness.
- A four year degree in accounting, 4 - 6 years minimum related experience or an equivalent combination of both education and experience.
- Extensive knowledge of hotel operations, services and accounting.
- Has a strong knowledge and understanding of GAAP, accrual basis accounting and financial reporting.
- Accounting experience in multiple (portfolio) of select service hotels.
- Is an excellent communicator with great listening skills, not afraid to have crucial conversations to help someone on their team grow
- As a plus, has previous experience with hospitality accounting software.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.