ABOUT PALISOCIETY:
Palisociety is a fully integrated hospitality company that acquires, programs, develops, owns and operates unique hotels and residences across the country under three distinct monikers: Palihouse, Palihotel, ARRIVE by Palisociety and a collection of independently branded properties. We aim to enhance the lives of our guests and the local community, by creating one-of-a-kind neighborhood-centric places filled with interesting people, friendly staff and trusty service.
Palisociety’s four brands feature 13 hotels and 23 restaurants and bars in current operation. Across the portfolio, five additional hotels are under construction and anticipated to open by Spring 2022, along with a development pipeline of 15 properties in discussion/planning phase. Palisociety properties have been featured on Conde Nast Traveler’s Hot List, Travel + Leisure IT List, and more, with accolades from the New York Times, Architectural Digest, Wallpaper* and countless others. Avi Brosh founded Palisociety in 1998 in Los Angeles.
For more information, visit www.palisociety.com or follow @palisociety
For more information, visit www.arrivehotels.com or follow @arrivehotels
POSITION PROFILE:
The Director of Finance will primarily oversee the day-to-day accounting and financial reporting operations in our Los Angeles office. This description is a summary of primary responsibilities and qualifications. The job description is not intended to include all duties or qualifications that may be required now or in the future.
ESSENTIAL FUNCTIONS:
- Responsible for financial reporting activities of the hotel through accurate and timely audits and reporting.
- Oversee junior accounting team members with the following functions:
- Review of Daily revenue reports
- Monitoring of Chargeback disputes
- Guest Ledger Reviews
- Advance Deposit Reviews
- Accounts Payable Coding and Process of Payments
- Accounts Receivable Billings and Collections
- Complimentary reports
- Credit applications
- Annual and monthly tax calculations and payments
- Bank Reconciliations
- Balance Sheet Reconciliations
- Financial Package Distribution
- Partner with operational leaders to ensure proper collection of payment and processing of invoices, management of check books, and address accounting solutions for operational issues.
- Prepare monthly/quarterly financial packages for management and partners and manage communications and questions
- Work with operational teams to prepare annual budgets and forecast as well as overall financial leadership.
- Create and update monthly schedules that support the balance sheet and certain line items in the income statement.
- Ensure that various financial statements reconciliation protocol are established and adhered, including:
- Reconcile the guest ledger and advanced deposit ledgers daily to the income journal.
- Reconcile the city ledger in M3 and PMS to the general ledger on a monthly basis.
- Reconcile sales and occupancy tax daily in the income journal, research and resolve any discrepancies.
- Reconciling all bank and balance sheet accounts on a monthly basis to ensure all balances are clearly documented and variances researched and rectified in a timely basis.
- Implement processes and procedures to improve the efficiency of the accounting recordation as well as daily and monthly closing process.
- Conduct internal financial audits as directed.
- Ensure all necessary permits and licenses are current.
- Provide management and the operational team with various reports used to manage the hotels – Daily Sales, Labor and other ad hoc reports when needed.
- Prepare penalty break report.
- Assist the operations team with IT related requests and serve as liaison to third-party IT professionals, as needed.
- Special projects as needed.
REQUIREMENTS:
Skills/Knowledge Required:
- Must possess a positive attitude and be service oriented.
- Must possess strong hospitality business acumen.
- Must be able to multi-task.
- Must possess excellent interpersonal, analytical, and managerial organizational skills.
- Ability to perform job functions with attention to detail, speed, and accuracy.
- Ability to work in a fast pace environment.
- Ability to work with several properties and adapt to their own uniqueness/needs.
- Ability to prioritize and organize.
- Be a clear thinker, remaining calm and resolving problems using good judgment.
- Opera and Toast experience a plus
- M3 Accounting Core experience a plus
Ability to:
- Perform job junctions with attention to detail, speed, and accuracy.
- Prioritize, organize, and follow up.
- Be hands-on, with a “roll-up-your-sleeves” attitude.
- Be a clear thinker, remaining calm and resolving problems using good judgment.
- Follow directions thoroughly.
- Work with minimal supervision.
Physical Requirements:
- Must be able to stand for long periods of time.
- Must be able to lift up to 25 lbs.
Palisociety is an Equal Opportunity Employer committed to hiring a diverse workforce and sustaining an inclusive culture. Palisociety does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state or local laws.
REQUIREMENTS
- Proficient in Microsoft Office applications (Excel, Word); ability to adapt to new technology and systems
- Minimum two years in similar position. In lieu of experience bachelor’s or master’s degree in hospitality