Director of Finance | Thompson Palm Springs

Director of Finance | Thompson Palm Springs

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Summary

Thompson Palm Springs is seeking an experienced Director of Finance to join our hotel Leadership Committee. Thompson Palm Springs has quickly become the desert’s most exciting destination since opening in 2024. Perched in the heart of downtown boasting an iconic mid-century modern design, this chic urban resort offers bungalow‑inspired guest rooms and suites available to locals and visitors alike. Lola Rose brings a bold, modern approach to Eastern Mediterranean dining, inspired by the spice markets of Istanbul and the seasonal bounty of California.

Bar Issi, a breezy and elevated coastal Italian restaurant brings a blend of relaxed luxury and culinary sophistication to the desert. Two outdoor pool venues with immersive mountain views, an on‑site HALL Napa Valley Tasting Room and over 35,000 square feet of retail and restaurant spaces anchor the resort.

Organization – Thompson Palm Springs

As a member of the Leadership Committee, the Director of Finance is a highly visible role with exposure to Senior and Corporate leadership. This position reports directly to the hotel’s Managing Director. The Director of Finance plans, organizes, directs, and controls the accounting and control function of the division, reports operational results, and provides financial oversight of property operations. This highly collaborative leadership position is a role model in the hotel for Hyatt financial processes and communications.

Duties include, but not limited to:

• Responsible for short‑ and long‑term planning and the management of the accounting function
• Participate in total hotel management as a member of the Hotel Executive Committee
• Manage and lead hotel on‑site accounting functions to ensure proper fiscal management, timely and accurate reporting and analysis for the hotel. This responsibility also includes hotel financial planning, budgeting, accounting and cash management.
• Assist in nurturing the important relationship with the owners. Be responsible for supervising and coordinating owner reporting as required. Provide custom reports, respond quickly to questions or requests and attend meetings
• Manage SOX compliance
• Complete the year‑end audit process. Review and approve all reconciliations and audit work papers. Coordinate external auditor's visits, respond to auditor requests, approve any and all adjustments, reconcile the audit numbers to the property numbers and approve the final audit
• Prepare and review all monthly and annual financial statements. Investigate, review and analyze the variance explanations, involving the department managers in this process. Take initiative to manage troubleshooting for respective cost controls and revenue enhancement
• Aid in the preparation and final review of the annual business plans
• Supervise the Information Technology function. Additionally, have a sound understanding of the hotel operational and back‑office systems as well as Microsoft Office products
• Have a sound understanding of the forecasting system and the tools from Revenue Management. Review monthly and quarterly property financial forecasts. Assure that the forecast is attainable
• Coach and counsel employees to reflect Hyatt service standards and procedures

Salary and Position

This is an exempt (salaried) role. The salary range for this position is $116,400 – $180,500. This is the pay range for this position that Thompson Palm Springs reasonably expects to pay. Decisions regarding individual salaries will be based on a number of factors including experience and education.

Qualifications

• 6 years or more of hotel finance experience
• Previous experience as Hotel Director of Finance required
• Exceptional communication and presentation skills
• Demonstrated ability to effectively interact with people of diverse socioeconomic, cultural, disability, and ethnic backgrounds
• Proven track record of finance department leadership success
• Understands Hyatt systems and SOPs
• Results driven, energetic, and focused
• Service oriented style with professional presentations skills
• Finance degree an asset
• Must possess…