The Thayer Hotel Hiring for Chief Business Officer Job at Austin, TX Full Time

Chief Business Officer (CBO) for Multi Property Full Service Hotel Portfolio

This is an Executive Committee position requiring a highly professional individual who can lead and manage multiple financial activities with the utmost integrity. We operate with a sense of urgency and discipline while requiring leadership of teams, accuracy, timeliness of work, and a strong commitment to excellence. The CBO is responsible for directing the fiscal functions of the Company in accordance with generally accepted accounting principles and in accordance with financial management techniques and practices appropriate within the industry.

Responsibilities

• Execute and oversee two Profit and Loss statements monthly/YTD and trial balances
• Supervise and direct the financial activities of multiple organizations and safeguard the assets, and prepare all financial s in accordance with Generally Accepted Accounting Principles (GAAP)
• Assist and counsel department heads in the interpretation of financial data and recommend courses of action to maximize profitability
• Provide financial oversight of capital expenditure process
• Assume cash management responsibilities
• Establish and audit all internal financial controls, including purchasing, cash handling and disbursements, inventories, equipment, master keys, payroll, vacation time, and personal time records
• Effectively manage and communicate cash flow-related issues, as required to management and ownership. This includes the accurate and timely preparation of cash-flow statements, management of receivables, cash balances, control mechanisms, and timely deposits of all funds
• Monitor revenues and expenses and ensure the accurate recording in accordance with generally accepted accounting principles and investigate and critique variances to budget or to the prior year and offer practical improvement strategies to management
• Monitor the capital planning process by assisting management with the calculation of return on capital improvements, gathering support and monitoring the bid process, and evaluating the scope of work and specifications
• Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, insurance policies and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items with local, state, and federal laws
• Coordinate and participate in the completion of all forecasts and budgets as required, with the full and active participation of the EC Team and department managers
• Analyze financial data and operations to assist and advise management in maintaining the corporate financial objectives
• Ensure that all trial balance accounts, including bank reconciliations, are accurately reconciled on a timely basis every month and YTD
• Manage and interface with any external auditors and be the lead agent for tax preparation
• Review and approve all gratuity, commission, and tips s for variable employee compensation
• Maintain compliance with corporate standards and regulations to ensure safe and efficient operation
• Enhance and/or develop, implement, and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the Company

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Competencies

• Financial Management
• Business Acumen
• Communication Proficiency
• Ethical Conduct
• Leadership
• Performance Management
• Personal Effectiveness/Credibility
• Problem Solving/Analysis
• Strategic Thinking
• Technical Capacity

Supervisory Responsibility

This position is responsible for the direct supervision of the accounting departments of multiple organizations and the direct supervision of all employees in those accounting and finance departments. Embrace a continuous growth environment by actively hiring professional staff and assisting in recruiting, reviewing, recommending, and maintaining an inventory of qualified and promotable Associates that can potentially become Controllers, Assistant Controllers, Accounting Managers, and other managers for the organization. Hire, train, supervise, and develop staff, including coaching, counseling, and discipline.

Required Education and Experience

• Bachelor’s degree required or 10 to 15 years of related experience and/or training; or equivalent combination of education and experience.
• CPA and/or MBA is highly preferred
• Hotel experience mandatory

30% Travel Requirement

Job Type: Full-time

Pay: $90,000.00 – $120,000.00 per year

Benefits:

• Dental insurance
• Health insurance
• Health savings account
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday
• Weekend availability

Ability to commute/relocate:

• West Point, NY: Reliably commute or planning to relocate before starting work (Required)

Education:

• Bachelor’s (Required)

Work Location: On the road