Director of Finance

Overview

The ideal candidate will supervise and direct the financial activities of a branded, upscale hotel, safeguards the assets, and prepares all financial reports in accordance with generally accepted accounting principles and company Standards.

Responsibilities

Executive Committee Responsibilities

• Ability to perform special financial analysis as needed and /or requested by General Manager and Corporate Office.
• Practical solutions from a cost vs. benefits viewpoint. Provide accurate policy interpretations.
• Actively participate in Executive Committee and staff meetings.
• Assist other managers in analyzing statements, distributions, and other financial data.
• Support and comply with property standards and Corporate SOP's.

Financial and Accounting Practices, Procedures, and Policies

• Skill in correcting deficiencies identified on Internal Audit report.
• Effective use of the Controller's Checklist.
• Maintain effective cash control system with audits and reports for each period.
• Review security over assets and auditing inventories.
• Understanding of all pertinent leases, contracts, agreements, covenants, and restrictions.
• Knowledge of City, County, State sales tax laws and laws dealing with innkeepers, liquor, and labor.

Budget Preparation

• Schedule and coordinate the preparation and presentation of the annual operating budget.
• Coordinate all aspects of the capital expenditures budget according to SOP.

Capital Expenditure Control

• Control the Capital Expenditure program and complete ROI Analysis.

Financial Objectives

• Complete entries required for preparation of the financial statements. Review statements for inaccurate data and make corrections within the following period.
• Inform the General Manager and Corporate management of current and potential financial problems.
• Keep management informed of sales and profit attainment throughout the period.
• Coordinate the property's labor management system.

Accounts Receivable

• Maintain appropriate standards for 60-90 day accounts. Conform to standards regarding the average collection period.
• Documenting the local credit policy and auditing property compliances.
• Approve all major accounts for credit as defined by local policy.
• Conduct credit and write-off meetings as requested.
• Submit accurate and timely critiques and credit loss reports as required.
• Review all major banquet functions and group accounts for proper credit extensions prior to arrival.
• Maintain standard regarding level of bad debt expenses as related to credit sales.
• Aggressively fulfill the accounts receivable management responsibilities to maximize receivable realizations.

Responses to Corporate Staff

• Complete financial required reports and requests from Corporate offices. Establish other reports or documents, outside of SOP's as needed.

Balances in Asset and Liability Accounts

• Reconcile account balances on a current basis.
• Establish balances in accruals, pre-paid, and other accounts using proper accrual methods and expense realization logic.
• Calculate various turn ratios and days available for major asset categories and compare to standards (linen, gift shop, food, beverages, guest supplies, and uniforms).
• Work with Department Managers to control inventory balances according to established realistic pars.
• Comply with company procedures on deferring payments.

Management of Department

• Maintain and update job descriptions and standards for department.
• Ability to comply with corporate and local policies for wages paid (increases and timing).
• Establish an effective cross training program within the department.
• Identify, screen and attract management candidates from outside the company.
• Comply with attendance rules and be available to work on a regular basis.
• Perform any other job duties as assigned.

Qualifications

• B.S. in Accounting or Hotel Management
• 3 years experience in Hotel or Hospitality related Finance and Accounting.
• Analytical approach to problems, regard for detail and accuracy
• Assertive personality, professional demeanor
• Effective verbal and written communication skills. Ability to adapt communication style to suit different audiences, such as effectively communicating with supervisors, coworkers, public etc.

Job Type: Full-time

Pay: $110,000.00 - $120,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Employee assistance program
• Employee discount
• Flexible spending account
• Health insurance
• Life insurance
• Paid parental leave
• Paid time off
• Professional development assistance
• Referral program
• Relocation assistance
• Retirement plan
• Tuition reimbursement
• Vision insurance

Schedule:

• Monday to Friday

Work Location: In person

Salary : $110,000 - $120,000