Needed Skills
- Corporate finance
- Financial analysis
- Financial audit
- Financial strategy
- Budgeting
- Cash flow management
Description:
We are seeking a highly experienced and strategic Chief Financial Officer (CFO) to lead the financial operations of our client's hotel group. The CFO will play a critical role in driving financial performance, ensuring compliance, and supporting sustainable growth across all properties.
Location- Etobicoke, ON
Key Responsibilities:
Financial Leadership & Strategy
- Oversee all financial operations, providing strategic recommendations to the executive team.
- Develop and implement financial strategies, policies, and controls aligned with business goals.
- Monitor financial performance and provide actionable insights to improve profitability and operational efficiency.
Cash & Treasury Management
- Manage daily cash flow to ensure liquidity and optimize working capital.
- Oversee cash forecasting and budgeting processes.
- Develop and maintain strong banking and financial institution relationships to support financing, credit, and cash management needs.
Revenue Audit & Financial Controls
- Supervise revenue audits across hotel properties to ensure accuracy, compliance, and integrity of financial data.
- Implement strong internal controls to mitigate risks and safeguard company assets.
- Ensure timely reconciliation and reporting of revenue streams.
Payroll & Compensation Oversight
- Oversee payroll operations across all properties to ensure timely and accurate processing.
- Ensure compliance with local, state, and federal labor and tax regulations.
- Manage employee incentive programs, including Annual Incentive Plans (AIP), ensuring alignment with business performance and objectives.
Compliance & Reporting
- Ensure compliance with financial regulations, tax obligations, and statutory reporting requirements.
- Prepare and present financial statements, forecasts, and performance reports to the Board of Directors and stakeholders.
- Coordinate external audits and liaise with auditors as required.
Team Leadership & Development
- Lead and mentor the finance team, fostering a culture of accountability, collaboration, and continuous improvement.
- Build strong cross-departmental relationships to support operational decision-making.
Qualifications:
- CPA or equivalent financial certification preferred.
- Proven experience (5+ years) in senior financial leadership, ideally within the hospitality, real estate, or related industry.
- Strong knowledge of hotel revenue management systems, payroll systems, and financial reporting tools.
What We Offer:
- Competitive salary based on experience in the role.
- Opportunity to play a pivotal role in the growth and success of a leading hotel group.
If interested, please share your resume and cover letter on paul@reliablestaffing.ca