Director, Hospitality Finance

ABOUT CIM GROUP:CIM is a community-focused real estate and infrastructure owner, operator, lender, and developer. Our team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Back in 1994, our three founders focused on projects in Southern California neighborhoods. Today, we are a diverse team of 1,000+ employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live, work, and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering, and we strive to make an even greater impact in the years to come. Join us and make an impact today! POSITION PURPOSE:This position oversees the Hotel Centralized Accounting Function in providing financial support to the in-scope hotels to ensure accurate and timely financial reports and operational reports to hotel management and CIM management. This position provides continuous leadership and guidance in matters relating to the daily operation of the accounting activities and internal control procedures designed to safeguard hotel assets and ensures compliance with all Federal, State, and Local regulations.  Additional responsibilities include staffing, training, scheduling of employees; planning, organizing, directing, and coordinating inter and intra department activities to ensure efficient Financial Operations. This position will report to the Vice President, Hospitality Financial Services.

RESPONSIBILITIES:

• Oversees the Accounting and Finance department activities to ensure optimal efficiency and department performance
• Managing the daily processes for Income Audit, Accounts Payable, Accounts Receivable, Payroll, and General Ledger functions to ensure accurate recording of information according to generally accepted accounting principles and CIM Hospitality Finance Guidelines in a timely manner
• Ensures that all month end closing tasks are performed in a timely manner (in accordance with corporate deadline) with accurate financial data
• Provide guidance or assess accounting treatments on complicated transactions and discuss results with hotel management
• Performs or reviews income statement and balance sheet fluctuations and ensures all key fluctuations are explained and documented
• Oversees the preparation of monthly financial statements including cashflow statements. Directs and/or prepares all financial reports under CIM’s requirements meeting various due dates and deadlines
• Provides roll-up of information to ownership entities on a monthly basis
• Monitors hotel operations, cash flow and operating forecasts of assigned entities
• Oversees the preparation of monthly financial statements including cashflow statements. Directs and/or prepares all financial reports under CIM’s requirements meeting various due dates and deadlines.
• Monitors hotel operations, cash flow and operating forecasts of assigned entities
• Conducts or participates in monthly financial reviews  after monthly close with the hotel Director of Finance and/or VP, Hospitality
• Monitors internal controls and creates and implements Operating Procedures, as necessary
• Ensures Compliance with Applicable Tax Laws, supervises preparation and review of tax & governmental reports and ensures any payment of monies required on a timely basis
• Ensures that transactions are recorded in accordance with US GAAP and USALI
• Assists Vice President, Hotel Financial Services in the budgeting & forecasting processes
• Ensures proper, timely payment of fees for licenses, permits, regulatory contracts and insurance policies
• Oversees all cash management activities to ensure the proper use and timely availability of funds
• Continuously assess processes and propose Systems or processes that provide additional efficiencies.  Examples: Infor, Hotel Property Management Systems, Black Line, Micros, all payroll reporting systems, etc.
• Performs special projects to meet Hotel Management or CIM Corporate needs on an ongoing basis
• Interviews, selects, trains, appraises, coaches, counsels and disciplines accounting personnel according to CIM Hospitality Finance Standards.
• Evaluates individual employee performance, determines areas in need of improvement or requirements for advancement, establishes goals, objectives and training needs required to achieve same
• Directs & Supervises Accounting department employees, including accounts payable, accounts receivable, and general ledger clerical positions

EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)

• BA in Accounting
• CPA License
• 8 to10 years of Controller and/or Director Experience in Hospitality Accounting
• Proficient in all Windows Based Software Application, experien