Vice President of Finance for Hospitality Management

About Company:

Focus Management Group is a privately held hospitality corporation based in Oklahoma and North Texas, established in 1992. With a portfolio of 17 hotels under various franchise agreements, we are committed to excellence in hotel management and development, targeting emerging markets for growth.

About the Role:

The Vice President of Finance in the Accommodation and Food Services industry plays a critical leadership role in steering the financial strategy and operations of the organization. This position is responsible for overseeing all financial activities, including budgeting, forecasting, financial reporting, and risk management, to ensure the company’s financial health and sustainability. The VP of Finance collaborates closely with executive leadership to align financial goals with business objectives, driving profitability and operational efficiency. They lead and develop the finance team, fostering a culture of accuracy, accountability, and continuous improvement. Ultimately, this role ensures that financial insights and strategies support informed decision-making and long-term growth within a dynamic and competitive industry environment.

Minimum Qualifications:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• At least 10 years of progressive experience in finance leadership roles, preferably within the Accommodation and Food Services industry or a related sector.
• Proven expertise in financial planning, analysis, budgeting, and reporting.
• Strong knowledge of accounting principles, financial regulations, and compliance requirements.
• Demonstrated experience managing finance teams and collaborating with executive leadership.
• Experience with Solomon, FRX, Profit Sword, Hotel Effectiveness, Profit Sage.
• Strong communication, leadership, strategic thinking, and technical skills

Preferred Qualifications:

• Master’s degree in Finance, Business Administration (MBA), or a related discipline.
• Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or equivalent professional certification.
• Experience with financial systems and ERP software commonly used in the hospitality or food service industries.
• Track record of successfully leading financial transformations or implementing new financial technologies.
• Experience in strategic planning and execution within a multi-unit or franchise business model.

Responsibilities:

• Develop and implement comprehensive financial strategies that support the company’s growth and operational goals.
• Oversee the preparation and analysis of financial statements, budgets, forecasts, and reports to provide actionable insights to senior management.
• Manage cash flow, capital structure, job costings for construction, PIPs, and Premier Development and Construction accounts.
• Lead the finance department, including hiring, mentoring, and evaluating team members to build a high-performing and collaborative group.
• Ensure compliance with all financial regulations, accounting standards, and internal controls to mitigate risks and maintain integrity.
• Collaborate with other departments such as operations, sales, and marketing to align financial planning with business initiatives.
• Drive cost management initiatives and identify opportunities for process improvements and operational efficiencies.
• Support strategic initiatives such as mergers, acquisitions, and partnerships by providing financial due diligence and analysis.
• Oversee all accounting operations, ensuring compliance with GAAP and tax regulations.
• Monitor cash flow, working capital, and daily bank balances; oversee receivables, payables, tax filings, and investment activities to optimize financial performance and liquidity.

Skills:

The VP of Finance utilizes strong analytical and strategic thinking skills daily to interpret complex financial data and translate it into actionable business strategies. Leadership and communication skills are essential for managing the finance team and collaborating effectively with other departments and stakeholders. Proficiency in financial software and systems enables efficient management of budgeting, forecasting, and reporting processes. Problem-solving skills are critical for identifying financial risks and opportunities, ensuring compliance, and driving cost-saving initiatives. Additionally, negotiation and decision-making skills support successful financial planning and execution of strategic initiatives that contribute to the company’s growth and stability.

Acknowledgement:

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

I have read the foregoing job description and understand the responsibilities of the job. I agree that I am able to perform the essential duties of this position.