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Over the years, Noble House Hotels & Resorts has built a highly respected Finance department based on integrity, strong operational know-how and sound financial practices. Our bottom line is to assure the long-term profitability and fiscal viability of each property, while functioning as financial advisors and resources to both our external and internal customers. In fact, all the members of our financial team are longstanding Noble House employees, with many years of hotel industry experience, as well as considerable finance, budgeting and accounting acumen.
Our common focus is accountability. Indeed, we consistently communicate our financial data in a timely, accurate and usable way -- concentrating not on short-term gains, but on long-term value and profit. We invest in and plan for our future, providing strategic and other invaluable resources to our onsite management teams. By adhering to our core philosophy of “managing in front of the P & L,” we keep ahead of the curb, controlling expenses and proactively managing expenses before they are accrued.
We are committed to:
- Meticulous, forward-thinking tax planning and forecasting
- Effective labor management practices in order to control costs
- Strategic budgeting and forecasting
- Fixed and variable staffing standards and zero-based operating standards
- Accurate and timely reporting: monthly financials are due on the fifth working day of each month
- Continuous communication and updates, including weekly dashboard and monthly forecasting
- Comprehensive annual budgeting
- Reduced costs through strict vendor selection, improved productivity and efficient technologies
- Effective cash management and cash flow reporting
- Financial analysis: ROI, IRR, DCR
- 60-day external audit issuance and tax return filing
- Rigorous internal audits
- Fixed asset accounting and tax impact
- Sales and use tax compliance
- Detailed property tax valuation
- A seasoned investment committee with 401(k) annual contract review
In short, the hallmarks of our financial team are: expertise; accountability; ensuring consistent, accurate and sound financial reporting; profitability and integrity.
Meet the team ...
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