Company Description:
The Princess Royale Oceanfront Resort, located in the heart of Ocean City, is a premier beachfront destination offering unparalleled luxury and comfort. Renowned for its family-friendly atmosphere, the resort features 300 spacious suites with full kitchenettes, private balconies, and living areas, ideal for vacations and getaways. Boasting a 4-story tropical atrium with a pool, award-winning spa, and a range of dining options, guests can enjoy both adventure and relaxation. Situated on a full oceanfront block, this iconic property provides an inviting retreat for travelers seeking style and sophistication by the Atlantic Ocean.
Job Summary:
The Chief Financial Officer (CFO) is a strategic executive leader responsible for the overall financial management, planning, and reporting of the hospitality organization. The CFO provides financial leadership across hotel, condominium, resort, restaurant, or multi-property operations, ensuring profitability, regulatory compliance, capital efficiency, and long-term growth.
This role requires deep expertise in hospitality finance, operational cost structures, revenue management, asset management, and capital investment strategy. The ideal candidate holds an active CPA credential and has substantial experience within the hospitality industry.
This role will oversee and mentor a small finance team while actively participating in the daily financial operations of the organization. This position is ideal for a leader who thrives in a hands-on environment and is comfortable balancing strategic oversight with operational execution.
Title: Chief Financial Officer (CFO)
Location: On-Site
FLSA: Exempt
Status: Full Time
Schedule: Monday – Friday, 40+ hours per week
Pay Range: $150,000 - $200,000 + Performance-Based Bonus Program
Reports To: Ownership Board of Directors
Responsibilities:
Strategic Leadership
- Serve as a key member of the executive leadership team, contributing to overall corporate strategy.
- Lead financial planning and analysis (FP&A), forecasting, and budgeting for multi-property hospitality operations.
- Advise the Hotel Board on financial performance, expansion opportunities, capital investments, and risk management.
- Support mergers, acquisitions, development projects, and asset management initiatives.
Financial Management & Reporting
- Oversee preparation of monthly, quarterly, and annual financial statements in accordance with GAAP. For two hotels and condominium association.
- Ensure compliance with federal, state, and local tax regulations.
- Manage audits and coordinate with external auditors and regulatory agencies.
- Establish and maintain strong internal controls and financial policies.
- Oversee individual condominium owner revenue and expenses.
Hospitality-Specific Financial Oversight
- Monitor key hospitality KPIs such as:
- RevPAR (Revenue per Available Room)
- ADR (Average Daily Rate)
- Occupancy Rates
- GOP (Gross Operating Profit)
- Food & Beverage cost percentages
- Labor cost ratios
- Utility contracts
- Collaborate with revenue management and operations teams to maximize profitability.
- Analyze property-level P&L performance and identify operational efficiencies.
- Oversee cash flow management, working capital, capital expenditure planning, and accounts receivable.
Treasury & Risk Management
- Manage banking relationships, credit facilities, and debt structures.
- Oversee insurance coverage, renewals, and enterprise risk management.
- Ensure proper financial controls across all properties.
Leadership & Team Management
- Lead and mentor small accounting, finance, and property-level financial teams.
- Develop succession planning and talent development within the finance department.
- Foster cross-department collaboration between finance, operations, HR, and sales.
- Review billing with hotel group leaders.
Other Duties:
This job description is not designed to be an exhaustive list of duties, responsibilities, and activities required of the candidate for this position. Required duties, responsibilities, and activities may change at any time with or without notice.
Education/Experience/Skills:
· Active Certified Public Accountant (CPA) license (required).
· Bachelor’s degree in Accounting, Finance, or related field (MBA preferred).
· 10+ years of progressive financial leadership experience.
· Minimum 5+ years in senior financial leadership within the hospitality industry (hotel, resort, restaurant group, or hospitality management company).
· Strong knowledge of GAAP, hospitality accounting standards, and multi-entity structures.
· Experience with hospitality systems (e.g., Opera, Micros, M3, or similar platforms).
· Proven experience managing multi-location or multi-property financial operations.
· Experience with private equity-backed hospitality organizations. (Preferred)
· Background in hotel development, real estate finance, or asset management. (Preferred)
· Condo / Hotel experience would be added value for position.
Core Competencies:
· Strategic financial planning
· Hospitality financial analytics
· Multi-property financial oversight
· Executive leadership
· Regulatory compliance
· Capital structuring
· Revenue optimization
· Operational cost control
Work Environment:
· Indoor/Outdoor, with long periods of standing, walking and lifting of items up to 50 lbs.
· Loading/Unloading
· Day Shift
· Night Shift
· 8 hour shifts
· Weekends and holidays
· Customer facing
Benefits:
· Health Insurance
· Vision Insurance
· Dental Insurance
· 401(k) w/ Employer Match
· Profit Sharing
· Paid Sick Time Off
· Paid Vacation Time
· Employee Meal
· Relocation Assistance Provided
Equal Opportunity & Americans with Disabilities Act (ADA) Statements:
The Princess Royale Oceanfront Resort is an Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, (including pregnancy and pregnancy related conditions), sexual orientation, or military status.
Consistent with the Americans with Disabilities Act (ADA), it is policy to provide reasonable accommodation when requested by a qualified applicant, candidate, or employee with a disability, unless such accommodation would cause an undue hardship.
