Vice President, Finance
Company: WTS International
Posted on: October 12, 2021
WTS International (“WTS” or the “Company”) is a leading provider of
design, consulting, and outsourced management services to spas,
fitness centers, and wellness & lifestyle facilities for
hospitality, residential, and corporate clients in the United
States and abroad. WTS’ customer base includes premier hotels,
commercial fitness centers, and lifestyle communities including the
Baccarat Hotel, the Eau Palm Beach Resort & Spa, Brooklyn Sports
Club, and Verdure Fitness, among others. In 2020, WTS acquired
LifeStart, the nation’s largest corporate fitness and amenity
management services provider.
WTS’ Private Equity Partner
CI Capital Partners LLC (“CI”), is a leading North American private
equity firm, which has been investing in middle-market companies
since 1993. CI forms partnerships with experienced management teams
and entrepreneurs to build substantial businesses through add-on
acquisitions, organic growth and operational improvements. As
a long-term investor, CI and its portfolio companies have made
$10 billion in enterprise value.
Reporting to the Chief Financial Officer (CFO), the Vice President
Finance will partner with the CFO
to build a world-class accounting and finance operation capable of
scaling to and performing flawlessly as a private equity backed
company. Our approach will pursue a real-time
reporting and accounting close model built on a strong technology
foundation and an emphasis on control and management of
transactional data at the point of origination. The
Vice President Finance will work with external parties including
directors and investors and join CFO on merger & acquisition
activities. The Vice President Finance provides
leadership to all the Accounting
sub-functions and manages the company’s legal and operational risk
through processes and controls.
Provide leadership and vision for the Accounting,
and Financial Operations team and our financial infrastructure to
Manage our accounting daily activities and finance operations and
develop plans for driving efficiency and automation.
Own the financial close process and all associated activity to
deliver accurate and timely results reporting to management,
regulators and the Board of Directors.
Own the payroll process and assist the CFO in developing and
implementing operational payroll efficiencies
Ensure consistent implementation of corporate accounting principles
and procedures in full compliance with US GAAP.
Manage external auditors for US corporate audit and the preparation
of various tax filings to support the audit process.
Develop the team’s capabilities across the range of sub-functions:
general ledger, tax, treasury, payroll, accounts payable, financial
reporting, audit and legal.
Develop, implement and maintain the internal systems and financial
controls consistent within company policies and regulatory
guidelines, ensuring compliance with all tax and corporate
requirements and filings.
Understand and document reporting needs, collaborate on operational
issues, develop creative solutions, and provide business guidance
and insight through financial reporting.
Responsible for monthly close activities including the review of
monthly account reconciliations, journal entries and analytics and
variance analysis to ensure complete and accuracy of financial
Prepare monthly financial statements in accordance with
Oversee consolidations and the recording of inter-company
Manage, cultivate, and develop team members to enable professional
growth and overall meet/exceed the needs of internal and external
Oversight of US payroll, Accounts Payable, Accounts Receivable,
cash and balance sheet forecasting, monthly/quarterly external
Manage, journal entries, reconciliations and account analysis for
month-end and year-end closes.
Manage the company’s insurance needs and commercial banking
Ensure maintenance of accounting systems.
The ideal candidate will be a proven leadership in Accounting in
the hospitality industry with a distributed national workforce that
is focused in the B2B and B2C vertical markets. S/he will have a
minimum of 8-12 years’ prior experience in the finance function. In
addition, they will possess the following critical
Strategic finance, analysis, forecasting and budget
Direct all aspects of accounting operations such as receivables,
payables, payroll and financial reporting.
The successful candidate will have a minimum of a Bachelor degree
in Accounting., MBA and/or CPA a plus.
This position will be based out of our corporate office in
WTS International, Inc. is an equal employment opportunity
employer that is committed to having a diverse work
Keywords: WTS International, Rockville , Vice President, Finance, Other , Rockville, Maryland
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