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Vice President Finance - Shared Services Center

Company: Sonesta International Hotels Corporation
Location: Newton
Posted on: September 17, 2020

Job Description:

Vice President Finance - Shared Services Center Corporate Office – Newton, MA

Job Description Summary

Please only apply if you have DIRECT experience setting up and managing a Shared Service Center. The Vice President Finance Shared Services is responsible for the administration of the Sonesta Shared Services Center and the Finance Shared Services functions of financial reporting, general accounting, tax, accounts payable, accounts receivable, and payroll in support of Sonesta’s 160 managed hotels in the United States. The role will have oversight of approximately 75 employees and contractors with direct reports including: Controller – General Accounting, Controller – Tax, Director Payroll, Assistant Controller – Accounts Payable, and Accounts Receivable Manager. Job Description

Operational/Functional

Direct and manage the Sonesta Finance Shared Services to ensure the Company complies with financial management and reporting requirements under the hotel management agreements.

Administer and manage the Sonesta Shared Service Center to ensure continuity of services including facilities management, utilities, licensing, and lease management.

Manage vendor relationships for third-party outsourced accounting related services and information systems.

Responsible for delivery of comprehensive periodic reports of the financial results of the company’s managed hotels in established corporate formats, in accordance with generally accepted accounting principles, and within agreed upon deadlines.

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 preparation of the hotel operating budgets and capital expenditure plans for designated hotels. Ensures that revisions to budgets and plans discussed during budget review meetings are incorporated into the final versions submitted for Corporate and Owner approval.

Maintain a comprehensive contract and license/permit compliance calendar incorporating the deadlines in each of the hotel management contracts and ensures that the deadlines are met. Supports Regional Vice-President in review of regional hotels budgets.

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.

Establish and maintain financial professional training and development processes and succession planning.

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.

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

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 accounting regulations and laws, financial reporting, tax, and payroll matters.

Leading with Passion

Leads and directly manages the Sonesta Shared Services 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 indirect reports

Handle employee issues in a professional and timely manner

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

Qualifications and Skills:

A candidate for this position must possess the following applicable knowledge, skills and abilities and be able to demonstrate and provide applicable examples to support his/her competency.

15+ years as hospitality financial leader with a minimum of 5 years in leading centralized property accounting and finance functions.

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.

Demonstrable ability to organize and manage multifaceted projects across various information systems, processes, and departments. Ability to appropriately delegate project tasks and responsibilities to team members and monitor project progress against established schedules and timelines.

Must have extensive knowledge of hotel accounting functions including: The Uniform Chart of Accounts for the Lodging Industry, General Accounting, Capital Expenditures, Accounts Payable, Accounts Receivable, and Payroll.

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.

Possesses a strong background in managing integrated financial accounting and reporting systems. Experience with financial system interfaces is critical to success.

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.)

Additional Job Description

Benefits

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

Vacation

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

R-0014719

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 Finance - Shared Services Center, Other , Newton, Massachusetts

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