Director of Finance

The Director of Finance is responsible for overseeing all financial operations of the Galt House Hotel, ensuring fiscal responsibility, accuracy, and compliance with accounting standards. This role collaborates closely with the executive leadership team to drive financial performance, manage budgets, and provide strategic financial insights that support the hotel's overall business objectives.

Work Requirements

• Support all aspects of accounting management (billing, tax forms, reporting etc.)
• Ensures compliance with all Generally Accepted Accounting Principles (GAAP) and the Uniform System of Accounts for the Lodging Industry (USALI).
• Safeguard assets and assure accurate and timely recording of all transactions by implementing disciplines of internal audits, controls and checks across all departments.
• Lead and direct the accuracy and productivity of day-to-day activities of accounts payable, cash disbursements, invoicing/billing, customer credits and collections, payroll, perpetual inventory integrity, fixed asset records, general & entity accounting and cost accounting.
• Ensure financial plans are consistent with organizational goals.
• Provide financial analysis tools to evaluate company ventures, programs, capital expenditures, products costing, etc.
• Monitors systems to ensure accuracy of data (e.g., outlet menu prices) and support the achievement of revenue goals.
• Collaborate with corporate finance team to provide accurate and timely financial reporting.
• Identify areas for process improvement and implement solutions to increase efficiency and accuracy.
• Responsible for the preparation, evaluation, and analysis of all reports of the hotel, including income statement and balance sheet activity.
• Responsible for the oversight of customer credit and accounts receivables for the property
• Participate in the implementation of information systems within the hotel, concentrating on the improvement of the quality, brevity and timeliness of the information.
• Collaborate on the design and development of financial management reports and procedures for use by hotel operating team.
• Compile budgets and forecasts covering all activities of the hotel.
• Assist with the hotel's cash handling operations and procedures.
• Oversee the property's purchasing and receiving functions.
• Manage all aspects of labor and expense forecasting and reporting through collaboration with the hotel leadership team.
• Prepares various analytical reports outlining the hotel's financial position in areas of income, expense and earnings based on past, present and future operations
• Ensure proper procedures and controls for purchasing, receiving, and requisitioning
• Help manage all aspects of the general ledger
• Providing monthly, quarterly and year-end analyses
• Researching accounting issues for compliance with generally accepted accounting principles
• Supervising accounts receivable, accounts payable and general accounting departments
• Assist in the preparation of budgets or forecasts
• Participate in preparation for the annual audit
• Help in development of reports for management or regulatory bodies
• Review the company’s accounting information to identify and resolve inaccuracies or imbalances
• Utilize accounting IT system to facilitate processes and maintain records
• Supporting most aspects of accounting management
• Other job duties assigned
  
  

Qualifications

• Bachelor's Degree in Finance, Hospitality or related field, Economic a plus.
• CPA preferred, not required.
• Five years of progressive experience in financial analysis, budgeting and/or accounting within the hospitality industry.
• Experience managing a team with a focus on staff development preferred.
• Experience with/or managing a purchasing department and cost controls preferred.
• Familiarity with Property Management Systems, Point of Sale Systems, Microsoft Office software, accounting software and Accounting Procurement software.
• Strong analytical skills and the ability to interpret financial statements and forecasts.
• Demonstrates initiative, leadership, and entrepreneurial drive to improve financial performance whenever and wherever possible.
• Strong IT understanding of networks and data security.