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Director of Finance - The Little Nell

Company Description

Owned and operated by Aspen Hospitality, The Little Nell is Aspen's only Five-Star, Five-Diamond, ski-in/ski-out hotel and offers luxury services and unparalleled access to America's most famous mountain town. A Relais & Châteaux resort, the Nell is frequently recognized for its award-winning wine and culinary programs and dedicated service. The property boasts a variety of amenities, including two restaurants, three bars, a wine cellar and a speakeasy. The Little Nell is also home to the new The Nell Spa. During ski season, Nell guests have access to a slopeside ski concierge and numerous winter adventures. In summer months, guests enjoy lush gardens along with off-road adventures, stargazing, fly fishing and mountaintop yoga; plus, a pool, hot tub, and a newly renovated spa and health club. The Little Nell has been acknowledged with numerous awards including being named a Forbes Five-Star hotel since 1995, a AAA Five-Diamond hotel since 1991, a Wine Spectator Grand Award winner since 1997, recognition as one of America’s 100 Best Wine Restaurants from Wine Enthusiast and frequently nominated for its Outstanding Wine Program by the James Beard Foundation. The Nell will debut its first hotel outside of Aspen at Rockefeller Center in New York City in 2026. For more information, visit www.thelittlenell.com or follow @thelittlenell on Instagram, Twitter and Facebook. 

Job Description

Summary
The Director of Finance is responsible for overseeing the general accounting operations of the hotel. This position is responsible for implementing and maintaining a system of internal controls that will ensure that company assets are adequately safeguarded and that all financial reporting is prepared in compliance with all financial policies. This position reports to the Senior Director of Finance and Hotel General Manager.

The budgeted salary range for this position is $120,000 - $150,000. Actual pay will be dependent on budget and experience, all our salaried roles are eligible for bonus.

Job Posting Deadline
Applications for this position will be accepted until January 26, 2025.

Essential Job Functions
•    Oversee and maintain operational standards for the following functions: accounting, cash handling, accounts payable, accounts receivable income audit, systems support and payroll support 
•    Maintain accurate accounting and financial records in compliance with company policies and procedures and generally accepted accounting principles (GAAP)
•    Maintain accounting standard operating procedures for treasury, banking, accounts receivable, inventories, fixed assets, accounts payable, financial reporting, payroll and all internal controls
•    Manage preparation of daily, weekly, monthly, and annual financial reporting to hotel operations, parent company and ownership
•    Maintain ProfitSword infrastructure including user administration, chart of accounts, financial reporting and data integrity Develop and execute innovative business plans aligned with the company’s and brand’s strategic direction
•    Forecast working capital analysis and cash flow ensuring cash requirements are sufficient
•    Maintain a clean balance sheet with all accounts reconciled monthly and ensures items are clearing properly with no stale outstanding items to report out with accurate documentation and value of inventories on hand
•    Maintain fixed asset schedule including depreciation schedule for all fixed assets. Removes assets that are disposed of and accounts for all in accordance with GAAP    
•    Manage and control exposure to bad debt losses and ensure collection of overdue payments by maintaining procedures for credit and collection in accordance with company policies and procedures
•    Act as a liaison with Aspen One accounting to ensure adherence to company policies and procedures regarding treasury, banking, tax preparation, property insurance, and annual audits
•    Manage recurring capital process including capital requests, tracking of costs against approved budget, closing out completed projects and setting up of fixed assets
•    Other duties as assigned

 

Qualifications

Education & Experience
•    Bachelor’s degree in Accounting or Finance required
•    5 or more years of experience leading hotel finance and accounting division 

Knowledge, Skills & Abilities
•    Knowledge with hotel property management software, point of sale systems, electronic time clock systems, spreadsheet software and other hotel applications
•    Knowledge of budgeting, forecasting, and capital project accounting 
•    Proficient knowledge in Microsoft Word, Excel and PowerPoint
•    Proficient knowledge of all aspects of hotel accounting
•    Ability to analyze and improve processes to enhance efficiency and effectiveness.
•    Ability to cross collaborate with cross-functional teams, including finance, operations, and sales, to ensure integrated project execution
•    Ability to leadership by utilizing interpersonal and communication skills to influence and encourage others, advocate for sound financial decisions, and lead by example
•    Strong interpersonal skills and possession of a full understanding of professional business ethics with team and guests
•    Ability to effectively analyze and use operational, financial, and marketing data to maintain and improve market share/penetration goals
•    Ability to work well under deadline pressure and to quickly adapt to a constantly changing market
•    Excellent oral (presentation) and written communication and organization skills

Additional Information

Work Environment and Physical Demands
Ability to stand, type and sit at desk/computer for most of the work shift executing repetitive movements. No adverse or hazardous conditions. Not required, but preferred to be able to occasionally lift, push or pull 25 lbs. individually or with assistance.

Benefits 
This position is categorized as a regular full-time position eligible for the following benefits:
Enrollment dates differ across the various programs.  
•    Health, Dental and Vision Insurance Programs
•    Flexible Spending Account Programs
•    Life Insurance Programs
•    Paid Time Off Programs
•    Paid Leave Programs
•    401(k) Savings Plan
•    Employee Ski Pass and Dependent Ski Passes

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. By accepting a position with Aspen One, Aspen Snowmass, Aspen Ventures or Aspen Hospitality you acknowledge that you are able to perform the essential functions of the job with or without reasonable accommodation.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job. To request accommodation during the application and interviewing process, please contact Human Resources at 970-300-7700.         

This job description is designed to indicate the general nature and level of work. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and qualifications required of employees assigned to this job. Duties and responsibilities may change at any time with or without notice.

Aspen One is an equal opportunity employer (Minority/Female/Disabled/Veteran). At Aspen One, inclusion, equity, and diversity are fundamental to fulfilling our vision of building a better workplace and better world. From our hiring practices through the entire employee experience, we embrace and celebrate the unique experiences, perspectives and cultural backgrounds that each employee brings to the workplace. We encourage diverse points of view which allows us to develop innovative solutions to the ever-evolving world of work. Aspen One strives to foster an environment where our employees feel respected, valued and empowered, and our team members are at the forefront of helping us promote and sustain an inclusive workplace that works for all.

For an overview of Aspen One Company's benefits and other compensation visit www.aspensnowmass.com/employment/benefits-and-perks

 

 

Aspen One participates in E-Verify.

E-Verify & Right to Work Poster

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Average salary estimate

$135000 / YEARLY (est.)
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$120000K
$150000K

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What You Should Know About Director of Finance - The Little Nell, Aspen Skiing Company

Join The Little Nell team as the Director of Finance and take your career to new heights in the stunning mountains of Aspen, CO! As a premier destination known for its Five-Star, Five-Diamond accommodations, The Little Nell promises an unparalleled experience not just for our guests but also for our employees. In this vital role, you'll oversee the hotel's general accounting operations, ensuring that all financial reporting aligns with the highest standards of accuracy and compliance. Your expertise in maintaining internal controls will safeguard our financial assets while fostering a culture of meticulous oversight. Beyond the numbers, you’ll collaborate across departments to align financial planning with our mission of providing outstanding luxury services. With responsibilities ranging from managing daily financial reports to direct oversight of payroll and cash handling, this position is as rewarding as it is challenging. The ideal candidate will possess a Bachelor’s degree in Accounting or Finance along with significant hotel finance leadership experience. At The Little Nell, we pride ourselves on our award-winning environment and a team that embodies professionalism, integrity, and dedication. If you thrive under pressure and have a passion for enhancing efficiency, we invite you to apply for the Director of Finance position and embark on an exceptional journey with us.

Frequently Asked Questions (FAQs) for Director of Finance - The Little Nell Role at Aspen Skiing Company
What are the main responsibilities of the Director of Finance at The Little Nell?

The Director of Finance at The Little Nell is responsible for overseeing cash handling, accounts payable, payroll support, and maintaining accurate financial records in compliance with company policies and GAAP. This role also manages the preparation of various financial reports and ensures that all internal controls are appropriately implemented.

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What qualifications are needed to apply for the Director of Finance position at The Little Nell?

Applicants for the Director of Finance role at The Little Nell should have a Bachelor’s degree in Accounting or Finance and a minimum of 5 years of experience leading hotel finance and accounting divisions. Proficiency in relevant software and strong financial acumen are also essential.

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How does the Director of Finance contribute to the success of The Little Nell?

The Director of Finance plays a crucial role in ensuring that The Little Nell operates within a solid financial framework. By overseeing financial reporting and implementing effective financial strategies, they help align the hotel’s operations with the overall corporate strategy, driving profitability and ensuring financial stability.

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What skills are necessary for a successful Director of Finance at The Little Nell?

Successful candidates for the Director of Finance position at The Little Nell should possess strong analytical skills, proficiency in hotel property management software, and excellent communication abilities. Leadership skills that inspire collaboration across departments and the capacity to adapt quickly to changing market conditions are also key.

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What are the potential career advancement opportunities for the Director of Finance at The Little Nell?

As a Director of Finance at The Little Nell, you have the potential to advance within Aspen Hospitality or broader finance operations within the hospitality industry. With The Little Nell's reputation for excellence and growth, your experience can pave the way for senior roles or specialized positions in other high-end properties.

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Common Interview Questions for Director of Finance - The Little Nell
What strategies do you use for forecasting and managing cash flow as a Director of Finance?

When forecasting and managing cash flow, I focus on analyzing historical data and integrating it with market trends to create accurate projections. This involves collaborating with operational teams to understand their needs and challenges, ensuring we have sufficient liquidity to cover both anticipated and unexpected expenses.

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How do you ensure compliance with GAAP in hotel financial operations?

Ensuring compliance with GAAP involves implementing standardized accounting procedures and regular audits of financial practices. I would conduct training for staff on these standards and continuously monitor financial activities to identify any discrepancies or areas for improvement.

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Describe a time when you improved a financial process in your previous roles.

In my previous role, I identified inefficiencies in the accounts payable process which delayed payments. By implementing an automated invoice tracking system, I reduced processing time by 40%, improved vendor relationships, and enhanced our internal reporting accuracy.

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How do you approach building a strong financial team?

Building a strong financial team entails hiring competent professionals with complementary skills and fostering an open communication environment. I believe in mentoring and encouraging continuous professional development, promoting a culture where everyone contributes to financial strategies and operational efficiency.

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What key metrics do you consider when analyzing hotel financial performance?

Key metrics I consider include RevPAR, occupancy rates, average daily rate (ADR), and total operating costs. By monitoring these indicators, I can assess financial health and make informed decisions that align with business objectives.

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What systems do you typically use for financial reporting in a hotel?

I typically use hotel property management software linked with sophisticated financial reporting tools, such as ProfitSword. This ensures real-time data availability, accurate financial reporting dashboards, and enhanced decision-making capabilities across the operations.

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How would you handle a situation where you notice inconsistencies in financial reports?

If I detect inconsistencies, I would first conduct a thorough investigation to identify the root cause. This involves reconciling accounts and consulting with team members involved in data entry. Transparency and open dialogue are key to resolving discrepancies and improving processes going forward.

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Can you explain how you would lead a cross-departmental financial initiative at The Little Nell?

Leading a cross-departmental initiative involves clear communication of goals and expectations, actively engaging stakeholders throughout the process. I would organize regular meetings to discuss progress and address challenges, encouraging input from all departments to ensure cohesive project execution.

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What is your approach to managing bad debt and overdue accounts?

My approach to managing bad debt involves setting robust credit policies and maintaining regular follow-up on overdue accounts. I advocate for open communication with clients to understand their circumstances and provide flexible payment solutions when feasible, while ensuring compliance with company policies.

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How do you adapt to changing financial regulations and market conditions?

I stay proactive regarding changes in financial regulations by subscribing to industry news and participating in professional forums. When market conditions shift, I evaluate our existing financial strategies and pivot as necessary, ensuring our approach aligns with both compliance and operational goals.

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Aspen is one of the world’s premiere destinations for inspiration and transformation at the intersection of recreation, nature, and culture. Aspen Skiing Company (“ASC”) was founded 75 years ago following World War Two in a moment of vision and re...

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Full-time, on-site
DATE POSTED
January 9, 2025

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