Job Description Summary
The Vice President Operations Finance is responsible for the
oversight and management of financial functions in Sonesta’s 160
managed hotels in the United States. The role will have oversight
of approximately 45 full-service hotel finance teams with direct
reports including: Director of Finance, Hotel Transitions, Director
of Finance Hotel Operations, and Full-service hotels Directors of
Finance (Dotted Line Reporting). Job Description
Direct and manage the Company’s hotel-based financial functions
to ensure compliance with financial management and reporting
requirements under the hotel management agreements.
Perform regular on-site property financial reviews to evaluate
performance of the hotel Directors of Finance, to test internal
controls, and collaborate with hotel General Managers to improve
Prepare a report for each property visit that describes
deficiencies in compliance with Company policies and identifies
opportunities to improve performance.
Develop and advise on revenue generation, cost management, and
Responsible for preparing comprehensive periodic reports of the
financial results of the company’s managed hotels in established
corporate formats and accordance with generally accepted accounting
Collaborate with Senior Operations Leadership to lead regular
reviews of hotel financial statements with hotel management
Prepare regular forecasts and annual operational and capital
budgets as required and to report on any material deviations or
non-compliance to the approved budget to the Executive Vice
President of Operations and/or their designee.
Coordinate and direct the hotel operating budgets and capital
expenditure plans. Ensures that revisions to budgets and plans
discussed during budget review meetings are incorporated into the
final versions submitted for Corporate and Owner approval.
Collaborate with hotel General Managers to prepare a
professional development plans and performance evaluations for
their respective Directors of Finance. Monitor hotel Directors of
Finance development progress and provide mentorship to hotel
Directors of Finance and their Finance Department team members.
Lead the Finance Training Team for new hotel openings and
takeovers ensuring the effective implementation of Company
policies and procedures and internal accounting controls. Together
with the opening or incumbent Director of Finance interviews,
select the accounting department staff. Implement
effective accounting controls and procedures at development
projects prior to appointment of the opening Director of
Coordinate and collaborate with the Vice President of Finance
Shared Services on financial internal controls and transaction
processing in the Sonesta Shared Services Center.
Coordinate and collaborate with the Director of Internal Audit
to perform detailed reviews or internal audits of managed hotels
and prepare comprehensive action plans to correct deficiencies
cited following discussion with hotel management.
Assist the Chief Financial Officer and Executive Vice President
of Operations in preparing financial pre-opening budgets, staffing
guidelines, property and design reviews, working capital
requirement forecasts and with other project requirements for
Maintain an effective relationship with ownership
representatives and asset managers through regular communications
and follow up with information requests.
Strategy and Planning
Evaluate and advise on the impact of long-range planning,
introduction of new programs/strategies and regulatory impact.
Collaborate with Operations and other company discipline teams
to development and implement finance policies and procedures that
support the company’s global strategies and programs and improve
hotel operational efficiency for profit optimization.
Develop and promote a culture of continuous process improvement
Establish, monitor, and report on performance to agreed upon
Service Level Agreements 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, tax, and payroll matters.
Leading with Passion
Leads and directly manages the full-service hotels Finance Team.
This includes attract, retain and development of talent.
Responsible for performance reviews and effective performance
management of the team.
Conduct department and business unit meetings to ensure a smooth
running and compliant payroll function at Sonesta.
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
Handle employee issues in a professional and timely manner
Support, comply and promote company initiative, policies and
Additional Job Description
15+ years as financial leader in full-service property
environment with decentralized property accounting functions.
Additional experience working with centralized financial shared
services or out-sourced finance functions is also preferred.
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 thorough knowledge of all jobs in Accounting,
Procurement, Systems Management and Food and Beverage Control
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 current CPA license holder or
possessing a Master’s degree in Business, Finance, or Accounting
and a current is highly desirable.
Knowledge of hotel accounting and other systems (i.e. OPERA,
Micros, SpaSoft, etc.) and general business systems (i.e. Microsoft
Office and Outlook, financial reporting, etc.)
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
Health Benefits (Health & Dental Insurance)
401(k) Retirement Plan
Sonesta Hotels & Other Outlets Discounts
Employee Recognition Programs
Newborn & Adopted Child Leave
Spousal & Domestic Partner Leave
Short Term Disability
Long term Disability
Employee Referral Program
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 5 Days Ago
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.