Chief Financial Officer

6 days ago

Brandon, Manitoba, Canada MNP Executive Search & Professional Recruitment Full time

About Genesis Hospitality Management

Genesis Hospitality Management is a leading hospitality company with a strong presence in Canada. With a history dating back to 1978, the company has grown to own or manage 14 hotels across Ontario, Manitoba, Alberta, and Saskatchewan.

Our Culture

We foster a culture of innovation and support, empowering our team to excel in their roles and drive results. Our team is dedicated to delivering exceptional guest experiences and internal communication.

The Role

We are seeking a highly skilled Chief Financial Officer to join our team. Reporting to the Executive President, this role will oversee the financial operations of all accounting functions for each Genesis Hospitality managed hotel and our head office.

Key Responsibilities

  • Financial Management
    • Oversee the completion of monthly financial statements for each property, conducting a thorough review and coordinating with ownership for distribution.
    • Provide strategic financial planning and forecasting in collaboration with senior management.
    • Complete and analyze consolidated financial statements of Genesis Hospitality.
    • Conduct internal audits of hotel accounting practices and cash verification.
    • Prepare budgets and financial forecasts, and proactively report variances.
    • Coordinate the preparation of regular reporting to ownership and providing overview.
    • Support month-end and year-end close process and coordination with external auditors.
    • Ensure quality control over financial transactions and financial reporting.
    • Review contracts and licensing, coordinating with legal representatives as required.
    • Maintain and strengthen internal controls through development and documentation of business processes and accounting policies.
    • Process franchise fees and coordinate with hotel brands.
    • Oversee A/R, A/P, and Inventory controls.
    • Coordinate with financial institutions, insurance companies, government agencies, and CRA.
  • Leadership
    • Engage proactively in cross-departmental collaboration.
    • Provide leadership and coaching to staff in head office, as well as oversight of accounting staff in each hotel.
  • Operational Management
    • Assist in system conversions, upgrades, and future hotel acquisitions.
    • Review contracts and licensing, coordinating with legal representatives as required.
    • Understand and remain updated on trends within the hospitality industry, anticipating impacts on Genesis Hospitality.
  • Support the Board of Directors
    • Provide strategic financial advice to the Board.
    • Prepare and organize materials and reports for Board meetings.
    • Prepare agendas and meeting packages for Board Members.
    • Coordinate with financial institutions, insurance companies, government agencies, and CRA.

Requirements

Candidates must have a post-secondary degree in finance or business with Chartered Professional Accountant (CPA) designation, complemented by 5 to 10 years working in a senior role leading the finance function.

An equivalent combination of education and experience will be considered.

  • Strong experience with consolidated financial statements.
  • Excellent stakeholder management and engagement.
  • Ability to create processes and policies, maintaining efficient internal controls.
  • Experience with acquisitions and franchises.
  • Proven ability to lead teams, including off-site employees.
  • Maintain current knowledge of tax legislation and current accounting best practices.
  • Ability to demonstrate the following through past relevant leadership and management experience: strategic financial stewardship of company resources; exceptional financial planning, analysis, and reporting; organization, time management, and problem-solving; quality control.
  • Experience in the hospitality industry is highly desired.

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