What are the responsibilities and job description for the Assistant Director of Finance position at CoralTree Hospitality?
About Us: CoralTree Residence Collection Hawaii is a leading provider of luxury condominium accommodations, offering exceptional service and memorable experiences to our guests. We pride ourselves on maintaining the highest standards of hospitality and financial management. We are seeking a dedicated and skilled Assistant Director of Finance to join our dynamic team and contribute to our continued success.
Job Summary: The Assistant Director of Finance will play a crucial role in supporting the financial health and sustainability of the company. This position is responsible for assisting the Director of Finance and Area DOF in managing the financial operations, ensuring accurate financial reporting, and providing strategic financial guidance. The ideal candidate will possess strong analytical skills, exceptional attention to detail, and the ability to work collaboratively with various departments.
Responsibilities
Job Summary: The Assistant Director of Finance will play a crucial role in supporting the financial health and sustainability of the company. This position is responsible for assisting the Director of Finance and Area DOF in managing the financial operations, ensuring accurate financial reporting, and providing strategic financial guidance. The ideal candidate will possess strong analytical skills, exceptional attention to detail, and the ability to work collaboratively with various departments.
Responsibilities
- Financial Reporting and Analysis:
- Assist in preparing and analyzing monthly, quarterly, and annual financial statements.
- Ensure accurate and timely reporting of financial data.
- Assist with monthly balance sheet and bank reconciliations.
- Conduct variance analysis and provide insights on financial performance.
- Develop and maintain financial models for forecasting and budgeting.
- Budgeting and Forecasting:
- Assist in the development of annual budgets and financial plans.
- Monitor budget performance and provide recommendations for improvements.
- Prepare financial forecasts and update them regularly based on actual performance.
- Internal Controls and Compliance:
- Ensure compliance with all financial regulations and company policies.
- Assist in the development and implementation of internal controls to safeguard assets and ensure accurate financial reporting.
- Support internal and external audit processes.
- Cash Management:
- Monitor cash flow and ensure adequate liquidity for operations.
- Assist in managing banking relationships and optimizing cash management strategies.
- Financial Strategy and Planning:
- Provide financial analysis and insights to support strategic decision-making.
- Assist in evaluating financial implications of business initiatives and investment opportunities.
- Team Collaboration and Leadership:
- Work closely with the Director of Finance and other department heads to support overall business objectives.
- Provide guidance and mentorship to junior finance staff.
- Foster a collaborative and positive work environment.
- Bachelor’s degree in Finance, Accounting, or a related field
- Minimum of 5 years of experience in finance or accounting, preferably in the hospitality industry.
- Strong understanding of financial principles and practices.
- Proficiency in financial software and Microsoft Office Suite (especially Excel).
- Excellent analytical, problem-solving, and decision-making skills.
- Strong attention to detail and organizational skills.
- Ability to work effectively in a fast-paced, dynamic environment.
- Strong interpersonal and communication skills.