What are the responsibilities and job description for the Director of Finance position at EOS Hospitality?
Job Details
Description
Description
- Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
- Analyzes information, forecasts sales against expenses and creates annual budget plans.
- Thinks creatively and practically to develop, execute and implement new business plans.
- Creates the annual operating budget for the property.
- Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
- Implements a system of appropriate controls to manage business risks.
- Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability.
- Leads the development and implementation of a comprehensive annual business plan which is aligned with the company's and brand's strategic direction.
- Produces accurate forecasts that enable operations to react to changes in the business.
- Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.
- Leverages strong functional leadership and communication skills to influence the executive team, the property's strategies and to lead own team.
- Manages communication with owners in an effective manner.
- Manages property working capital and cash flow in accordance with brand SOPs and owner requirements.
- Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts).
- Knowledge of local Generally Accepted Accounting Principles (local GAAP).
- Ability to read and understand basic contract elements, e.g. royalty fees, management agreement, terms, priorities and profit distribution.
- Business Acumen - Understanding and utilizing business information.
- Five year's minimum luxury or lifestyle hotel financial management experience.
- Bachelor's degree or equivalent.
