Salary Range: $160,000-$175,000
The Complex Director of Finance is a member of the Executive Committee which champions, develops and implements hotel-wide strategies that deliver products and services to meet or exceed the needs and expectations of guests, associates, owners and Hilton. The Complex Director of Finance is responsible for safeguarding the two hotel assets and financial resources contributing towards optimizing hotel financial performances; provides timely and accurate financial information; and ensures that the hotels operate within all related local and corporate policies and procedures and under the terms of the franchise agreements and any other applicable agreements. The Complex Director of Finance is also responsible for the development of Finance/Accounting talent for the future growth of the company.
The Complex Director of Finance is strategic and analytical with solid business acumen, strong leadership and good relationship skills.
This position is a complex role for two properties.
JOB DUTIES:
Directs and administers all financial operations of the two hotels including, but not limited to asset protection, financial reporting, systems management, hotel-wide budget and forecasting, department management, and meeting participation and facilitation.

• Creates and executes a business plan that is aligned with each hotel and brand's business strategy and focuses on the execution of financial and accounting activities and the delivery of desirable financial results.
• Engages in creative strategic planning and practical decision making to improve profitability, including estimating costs and benefits, and exploring new business opportunities.
• Prepares annual budgets, forecasts, and financial reports in accordance with company/corporate guidelines.
• Monitors and approves all sales, purchases, salaries, and expenses of the two hotels.
• Conducts financial analysis to identify market trends, financial data variances, and operational opportunities for improvement.
• Monitors and manages cash flow, accounts receivable, and accounts payable, and prepares monthly cash flow statements based on forecasted earnings.
• Oversees payroll processing and ensures compliance with labor laws and regulations.
• Tracks capital asset purchases for both external reporting and calculating the FF&E reserve.
• Coordinates with department heads to develop cost-control initiatives and maximize operational efficiency.
• Provides ongoing analytical support by monitoring the operating department's actual and projected sales.
• Produces accurate forecasts that enable operations to react to changes in the business.

• Prepares and submits all required reports within specified timeframes per corporate guidelines. This includes the accurate and timely preparation of monthly financial statements, cash flow statements, management of receivables, payables, cash balances, etc.
• Reconciliation of balance sheet accounts each month per corporate guidelines and review any accounts problem and adjust entries to the general ledger.

• Maintains accurate financial records and ensures compliance with internal policies and external regulations.
• Prepares timely and accurate sales, use, and occupancy tax returns, as well as any other external reports or returns as deemed necessary.
• Ensures all legal, treasury, and tax documentation is properly maintained and secured, and that all statutory and fiscal reporting requirements are satisfied, which includes any governmental requirements for permits and licenses.
• Collaborates with internal and external auditors and regulatory agencies to facilitate audits and inspections, and correct and/or implement audit recommendations.
• Establishes and maintains policies and procedures of the two hotels, enforces safety regulations, and interprets all hotel and corporate policies.
• Maintains a strong accounting and operational control environment to safeguard assets and improve operations and profitability by implementing and maintaining a system of appropriate controls to manage business risks.
• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.
• Hires, trains and supervises the Finance/Accounting teams' performances including, but not limited to providing leadership and professional development, conducting coaching/counseling and evaluations, delivering recognition and reward, and fostering a culture of accountability.
• Attends meetings and communicates with corporate office and owners to understand the priorities and strategic focus of key stakeholders (owners, corporate, guests, etc.)
• Advises about insurance coverage for protection against property losses and potential liabilities.

• Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
• Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.
• Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times.
• As a member of the Executive Committee, attends owner's meetings when required and provides context to the hotel financial results. Demonstrates an understanding of owner's priorities.
• Monitor the accurate production of the hotel daily operating reports.
• Identifies key projects and manages associated Capital Expenditure funds for product improvement and increased revenue potential
• Executes other special projects and responsibilities as assigned.

JOB REQUIREMENTS:

• Bachelor's degree in Accounting, Finance or a related field
• At least 10 years of progressive experience in finance/accounting (with at least 5 years in a leadership role) within the hospitality industry. Prior Controller and Director of Finance experience, preferably at a Hilton branded hotel.
• Excellent computer proficient (Microsoft Office - Word, Excel and Outlook) as well as required hotel-specific systems and accounting/financial software, including but not limited to Micros, OnQ and ProfitSage,
• Knowledge of regulatory requirements and compliance standards in the hospitality industry
• Excellent verbal and written business communication skills, with the ability to effectively interact and present financial information to leadership at all levels.
• Strong analytical skills with the ability to interpret financial data and make informed decisions.

• Ability to maintain complete knowledge of the following:

• • Financial management skills e.g., ability to analyze P&L statements, develop operating budgets, prepare a short and long term forecast and champion capital expenditure planning. Advises General Manager and the rest of the Executive Committee on existing and evolving operating/financial issues and protects and strengthens our competitive advantage by advocating and supporting sound business and financial decision-making.
  • Knowledge of purchasing, inventory controls, supplies, equipment and payroll procedures
  • Strategic planning skills and ability to translate financial concepts into actionable business strategies and tactics. Uses financial analysis, data trends and market information to anticipate needs, identify operation/financial issues and recommend actions to maximize financial return.
    
    • Highlights trends that are likely to shape the wants and needs of internal and external customers in the future, leads the organization in exploring business opportunities that create value for the customer, while driving profit.

This position requires constant sitting and occasionally lifting up to 50lbs.
This position may require occasional travel to the mainland.
BENEFITS:

• Medical, Dental, Vision and Life Insurance/AD&D
• Voluntary Benefits including Accident, Critical Illness, Hospital Indemnity, Supplemental Life
• 401K Retirement Benefits - Fully vested & Company Match
• Vacation, Sick and Holiday Pay
• Room Discounts with any Hilton Brand Hotel
• Meal Stipend
• Dry Cleaning Allowance
• Education Assistance
• Use of Team Member Fitness Center

Hilton Waikiki Beach Hotel is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. If you need accommodation for any part of the application process because of a medical condition or disability, please call 808-921-5504 or email Cindy Fujioka at cindy.fujioka@hiltonwaikikihotel.com to let us know the nature of your request.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)