Job Summary:
The Assistant COO – Financial Operations Manager plays a crucial role in supporting the Chief Operating Officer in overseeing the financial operations of the organization. This position is responsible for a wide range of financial and operational tasks to ensure the smooth functioning of the business.

Key Responsibilities:

1. Payroll Management:

– Supervise and manage the payroll process, including calculating wages, taxes, deductions, and other withholdings accurately and on time.

– Ensure compliance with all federal and state laws governing payroll.

2. Tax Compliance:

– Coordinate and oversee all tax-related matters associated with payroll, such as payroll taxes, income taxes, and other tax filings.

– Stay up-to-date on changes in tax laws and regulations to ensure compliance.

3. Financial Management:

– Assist in the preparation and analysis of financial statements, budgets, and forecasts.

– Monitor financial performance and identify areas for improvement or cost-saving opportunities.

4. Banking and Loans:

– Manage the company’s banking relationships, including opening and closing accounts, processing transactions, and reconciling accounts.

– Secure loans and financing as needed to support business operations and growth.

5. Operating Agreements:

– Assist in the development and implementation of operating agreements, including drafting, reviewing, and revising agreements.

– Ensure compliance with operating agreements and other legal requirements.

6. Investor Relations:

-Collaborate with investors to secure funding for new projects and business initiatives.

-Present financial proposals and investment opportunities to potential investors.

-Maintain strong relationships with investors and provide regular updates on project progress and financial performance.

Qualifications:

-Experience in the Hotel Hospitality Industry preferred.

– Bachelor’s degree in Finance, Accounting, Business Administration, or a related field preferred.

– Strong understanding of payroll processes, tax laws, and financial management principles.

– Experience in banking operations, loan procurement, and property tax management.

– Knowledge of operating agreements and legal contracts.

– Excellent organizational, analytical, and communication skills.

The Assistant COO – Financial Operations Manager plays a critical role in supporting the COO and ensuring the financial stability and growth of the organization. This position requires a detail-oriented and proactive individual who can effectively manage multiple financial tasks and responsibilities.

Experience:
– Proven experience working in a finance role, preferably in a similar industry
– Strong knowledge of financial principles and practices
– Proficient in using financial software and MS Office Suite (Excel, Word)
– Excellent analytical skills with the ability to interpret complex financial data
– Detail-oriented with strong organizational skills
– Ability to work independently and meet deadlines

Job Type: Full-time

Pay: $60,000.00 – $70,000.00 per year

Work setting:

• In-person

Ability to Relocate:

• Flowood, MS: Relocate before starting work (Required)

Work Location: In person

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