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Amrit Ocean Resort & Residences · 3 months ago

Executive Vice President of Finance - Full Service

US-TX-Irving

Full-time

Onsite

Director/Executive

Amrit Ocean Resort & Residences is a premier real estate investment and hospitality management company, seeking an Executive Vice President of Finance to lead their US-based Full-Service hotels. The EVP will be responsible for developing accounting strategies, overseeing financial reporting, ensuring compliance, managing acquisitions, and leading finance teams to support the organization’s growth and operational efficiency.

HospitalityReal EstateVacation Rental

Responsibilities

Develop and implement comprehensive accounting strategies that align with the Company’s reporting objectives, generally accepted accounting principles (GAAP), USALI 12th Edition accounting, Highgate’s Standard Operating Procedures (SOPs), internal controls, and federal, state, and local regulatory requirements

Oversee the timely preparation and review of comprehensive reporting packages to fully reflect the operational and financial performance of all hotels within the assigned portfolio to support senior management’s decision-making and performance tracking

Build reporting packages that include statements of operations, balance sheets, cash flow statements, forecasts, budgets, and appropriate notes regarding variances in key accounts and articulate the key performance indicators that measure financial performance and identify areas for improvement

Ensure strict adherence to financial reporting deadlines and obligations as outlined in Joint Venture Agreements, Management Agreements, and Loan Agreements

Maintain proactive compliance and risk mitigation strategies to minimize potential financial or legal risks associated with contractual obligations and ensure compliance with the Company’s internal controls, corporate policies, standard operating procedures, and regulatory requirements

Monitor changes in industry regulations, financial standards, and contractual terms to ensure continuous compliance across all relevant agreements

Oversee the timely calculation, filing, and payment of all applicable regional and local taxes, ensuring full compliance with statutory requirements and minimizing financial exposure

Manage the financial transition and onboarding of newly acquired assets, including implementing and enforcing Highgate’s financial controls and protocols on newly acquired assets, ensuring seamless integration into Highgate’s systems, policies, and reporting infrastructure in a high-volume, fast-paced environment

Oversee the management of cash flows of the properties and identify outstanding accounts receivable and reimbursements within the terms of the management agreements and ensure timely debt repayments. Collects all outstanding Accounts Receivable and reimbursements within the terms of agreements within the portfolio

Review and ensure accurate completion of detailed cash flow models for each hotel property in the region, including operational needs, capital expenditures, and owner distributions

Interact with Owners, Joint Venture Partners, and Due Diligence associates as required

Interact with Operations co-operatively and with enthusiasm to ensure the achievement of the portfolio’s goals providing insight into financial results, action areas, and regional trends

Support acquisition activities not limited to due diligence, capital expenditure, Joint Venture agreements, Management Agreements, and Loan Agreements

Collaborate with Financial Planning and Analysis to understand and articulate variance analyses, produce annual budgets and monthly forecasts, and analyze the operations within the to identify opportunities to improve overall performance and maximize value for ownership

Build, mentor, and lead high-performing accounting and finance teams, ensuring the team’s development and alignment with Highgate’s financial goals

Promote a culture of financial discipline and accountability across the company

Collaborate with cross-functional teams to provide insights and updates on financial performance and strategic goals

Drive the adoption of financial technologies and systems to enhance financial reporting, analysis, and operational efficiency

Recommend process improvements to streamline financial workflows and support business decision-making

Qualification

GAAPUSALI 12th EditionFinancial ReportingAccounting StrategyFinancial TechnologiesOperational Finance ManagementTeam LeadershipCommunication SkillsProblem-SolvingIntegrityStrategic ThinkingCollaboration

Required

Deeply rooted experience and a firm understanding of GAAP and USALI 12th Edition accounting, ideally shaped by time in Private Equity-backed ventures, Asset Management, Advisory, or high-growth start-up hotel environments

Brings operational toughness and financial discipline to fast-moving, performance-driven businesses

Unafraid to dive into the numbers and drive resolution in real-time, yet agile enough to shift rapidly to strategic, high-level decision-making when the moment demands it

Possesses the resilience and conviction to challenge assumptions, offering constructive pushback, when necessary, always with a focus on the long-term success and sustainability of the business

Demonstrates a steady hand under pressure, navigating through complex financial situations while maintaining clarity and a strategic focus

Leads with courage and confidence in the face of ambiguity, effectively guiding the team and organization through periods of change or financial complexity

Fosters a culture of constructive debate and collaboration, ensuring that all financial decisions are well-informed and aligned with the company's strategic objectives

Acts as a persuasive and adaptive communicator, building trust and fostering strong relationships across diverse stakeholder groups, including senior executives, and external partners

Navigates internal cross-functional dynamics effectively, collaborating with various departments (e.g., operations, sales, marketing) to ensure alignment on financial goals and business strategies

Leverages exceptional communication skills to influence decision-making, drive organizational change, and ensure clarity in complex financial discussions

Decisive problem-solver with strong business judgment, providing clarity and direction in high-stakes or ambiguous situations

Integrity-driven leader who sets a high standard for excellence, accountability, and resilience, demanding the same from the team to foster a high-performance culture