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Vice President of Finance - Strategy

Company: Sonesta International Hotels Corporation
Location: Newton
Posted on: September 12, 2020

Job Description:

Job Description Summary

Vice President of Finance - Strategy is responsible for monitoring and advising the Company on strategic financial risk management and to develop mitigating and hedging strategies to maximize management Company financial performance. Job Description


Manage the Company’s financial forecasting and budgeting process. Prepare regular management company forecasts for operating results, capital expenditures, and cash flows and identifying material changes in projected financial position.

Manage Company financial risk by monitoring published correlative leading economic indicators, company debt covenant obligations, and hotel projected financial performance against obligations under management contracts. Prepare regular reports on status of contractual compliance and collaborate with Senior Leadership and Finance to develop risk mitigation strategies and tactics.

Collaborate with Finance and Senior Leadership on recommendations to strengthen the Company balance sheet and maximize Company financial performance. Prepare regular benchmark reporting of Company performance against other comparable hotel management companies.

Collaborate with CFO to prepare comprehensive periodic reporting on Company performance and financial risks for Board of Directors meetings of Sonesta, Service Properties Trust, and The RMR Group.

Act as the Company Financial liaison with The RMR Group Asset Management Team and provide regular communications, reporting, and follow up with information requests.

Assist the Chief Financial Officer and Executive Vice President of Operations in preparing financial underwriting for new hotel projects, pre-opening budgets, staffing guidelines, property and design reviews, working capital requirement forecasts and with other project requirements for regional hotels.

Strategy and Planning

Evaluate and advise on the impact of long-range planning, introduction of new programs/strategies and regulatory impact.

Collaborate with Operations, Finance, and other company discipline teams to develop and implement finance policies and procedures that support the company’s global strategies and programs to improve hotel operational efficiency for profit optimization.

Develop and promote a culture of continuous process improvement and automation.

Establish, monitor, and report on performance to agreed upon Service Level Agreements (“SLA”) with organizational stakeholders. Manage team performance against relevant SLA metrics to achieve and maintain SLA goals.

Actively engages in developing personal professional competencies to maintain awareness of changes in hotel operations trends, revenue generating opportunities, accounting regulations and laws, financial reporting and tax matters.

Leading with Passion

Cultivates positive employee relations and morale. Practice sound leadership and management principles to promote a strong culture of teamwork.

Ensure team members receive proper training applicable to their position and career aspirations and in accordance with company policy and/or local law

Responsible for team member professional development and provides timely performance feedback.

Responsible for monitoring, measuring, and recognizing performance of team members who directly report to the role and indirect reports

Handle employee issues in a professional and timely manner

Support, comply and promote company initiative, policies and guidelines.


10+ years as financial leader in with relevant experience in a complex operating environments and financial structures and able to manage effective owner relations.

Must be able to maintain good relationships with all departments in the hotel, corporate and owners to promote effective internal control and financial advisory role.

Must have the ability to communicate and the commitment to follow all local and corporate policies and procedures.

Must have a high degree of professional integrity, and be able to work safe, effectively and efficiently.

B.S. in Hotel Administration and/or Business Administration/Accounting. A Master’s degree in Business, Finance, or Accounting and a current is highly desirable.

Strong background and knowledge of financial reporting and business intelligence systems.

Additional Job Description


Sonesta recognizes that benefits play a vital role in helping ensure the health and financial security of employees and their families. We offer a variety of benefits to our employees including:

Health Benefits (Health & Dental Insurance)

401(k) Retirement Plan


Sonesta Hotels & Other Outlets Discounts

Paid Holidays

Sick Days

Educational Assistance

Employee Recognition Programs

Newborn & Adopted Child Leave

Spousal & Domestic Partner Leave

Life Insurance

Short Term Disability

Long term Disability

Employee Referral Program

Credit Union

Direct Deposit

Employee Activities & Events

Upon submitting your application, please ensure you complete a full application in addition to attaching a resume. Incomplete applications received will not be considered.

Posted 3 Days Ago

Full time


About Us At Sonesta , we value our team members as individuals who enhance our guests’ experiences with their unique skills and contributions. We actively support professional growth and personal happiness in each of our employees at each of our hotels, resorts, suites and cruise ships. We seek out people who will eagerly partner with us to improve the overall Sonesta experience for our guests, and the overall Sonesta experience for their fellow colleagues. If you are interested in a career in some of the most impressive and beautiful surroundings in the world with generous benefits and perks, we hope you’ll get in touch with us.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.

Keywords: Sonesta International Hotels Corporation, Newton , Vice President of Finance - Strategy, Other , Newton, Massachusetts

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