Senior Vice President of Finance

Northwood Hospitality LLC; Denver (CO); On-site; USD 300,000 - 320,000; Full time

Job summary

A leading hospitality firm is seeking an experienced SVP of Finance located in Denver, CO. This role requires extensive leadership in financial management within the hospitality sector, focusing on enhancing the company's financial strategies and operations. Candidates must have a proven track record in finance and hospitality, with strong leadership and analytical skills.

Benefits

Group medical, dental, vision, life, and disability benefits

401(k) plan with company match

Paid time off / sick time

Employee assistance program

Team Member discount room night program

Qualifications

• 15+ years of experience in finance roles with leadership.
• Experience in hospitality is required.
• Strong FP&A and budgeting expertise.

Responsibilities

• Act as a trusted advisor to senior management and investment teams.
• Lead budgeting and forecasting processes.
• Enhance financial efficiency and support strategic initiatives.

Skills

Financial analysis

Strategic thinking

Leadership

Effective decision making

Collaboration

Education

Bachelor's degree in accounting or finance

MBA or CPA

Job description

Job Description

Northwood Overview

An enterprising organization managing hospitality assets that deliver unique, carefully curated guest experiences. We understand that our people are the hallmark of our success, managing and operating a portfolio of leading hotel assets ranging from select service to lifestyle independent hotels. Our people are the most important assets. We are committed to developing talent and building high performance leadership teams. We understand that the sum of our collective talents and efforts helps us achieve greater results and thrive

Job Overview

The new SVP of Finance will be a trusted advisor to Northwood Hospitality's senior management team and Northwood Investors' investment team. The individual will draw on a blend of hospitality industry experience, a broad knowledge of different areas of finance, and experience leading a high-performing team.

Ideal Experience

• Senior Leadership
  • A minimum of 15 years business experience with a progression of finance positions that include a range of accounting, control, and FP&A roles.
• Financial Expertise
  • Knowledge of hotel accounting practices and systems is quite important, as are strong FP&A skills and a deep understanding of hotel budgeting and forecasting and industry-specific metrics.
• Hospitality Experience
  • Hospitality experience is required, preferable some of which will have been in an entrepreneurial setting. Experience working for a hotel management company is most relevant. The ideal candidate will have prior experience as a finance director at a property and more recent experience in a regional or corporate setting overseeing a portfolio of hotels.
• M&A Experience
  • Experience or involvement with underwriting new deals is preferred.

Critical Leadership Capabilities

• Team Leadership
  • Communicates long-term direction and collaborates with the team on how to reach it.
  • Delegates objectives to the whole team with clear and explicit intent; knows the precise level of challenge and how individual team members will handle it.
  • Sets up forums or practices to reinforce independent and open communication among the team members.
  • They will excel at developing staff, recognizing talent, promoting and stretching in order to build future leadership. They will have the ability to attract high caliber talent and develop them as future leaders.
• Driving Financial Results
  • Identifies new processes and/or systems to improve efficiency and productivity.
  • Benchmarks own performance against industry standards and best practices.
  • Holds people accountable for their commitments, providing clarity and outlining in advance the ramifications of failure.
• Strategic Partnership
  • Segments the total market covered in own area into categories of customer or client.
  • Adopts a long-term perspective about the business (customer segments and the external environment). Develops hypothesis or alternative scenarios of how critical issues will play out beyond the year and uses these to set challenging goals with a future payoff or outcomes
  • Translates business goals into well-defined performance plans for their own organization and communicates link between current activities and goals.
  • Thinks beyond annual goals

Qualifications

• A bachelor's degree in a relevant field, such as accounting or finance is required, and an MBA and/or CPA are preferred.
• At least 15 years of experience, 7+ years of demonstrated Finance, Accounting, and FP&A leadership, preferable within a hospitality company.
• Excellent interpersonal skills and a collaborative management style.
• Deep understanding of financial analysis and reporting, key business metrics, forecasting, and annual budgeting.
• Demonstrates the ability to seek input, make connections, and recognize patterns that lead to effective decision making and action.
• Demonstrates the ability and instinct to identify and capitalize on a wide variety of opportunities to grow earnings and the business.
• Must be results oriented and demonstrate the ability to work independently and in a team environment.
• Experience building, mentoring, and leading a team of 8-10 colleagues is critical.
• Ability to travel at least 50%

Salary Range:$300,000 - $320,000 + bonus potential

Location: Home Office, Denver, CO

As a valued member of Northwood Hospitality, you'll receive a comprehensive benefits package that includes:

• Group medical, dental, vision, life, and disability benefits
• Participation in a pre-tax flexible benefit plan for healthcare and dependent care reimbursement
• An employee assistance program
• Paid time off / sick time
• Participation in a 401(k) plan with a company match
• Team Member discount room night program

Source: Northwood Hospitality