What are the responsibilities and job description for the Area Director of Finance position at Gecko Hospitality?

Job Description : Area Director of Finance

Salary : $120K - $140K Bonus

The Dual Branded Hilton Hotel is comprised of 350 rooms, split between 3 different flags. The hotels service the local business community during the week and leisure / transient customers on the weekend. The property recently went through an ownership change. The high functioning, entrepreneurial senior leadership team of the hotel and the new ownership group are seeking a like-minded, self-starting Area Director of Finance (“ADOF”) to lead the hotel's financial operations and strategy. This pivotal role involves overseeing all financial aspects of the hotel, ensuring the optimization of resources, and supporting the overall profitability and growth of the property. The ADOF will oversee 1 direct report and the overall financial management and reporting of the hotel.

The Position :

Reporting to the General Manager, the Area ADOF duties will include, but not be limited to :

Financial Accounting and Reporting :

Strategic Initiatives

Identify and implement cost-saving measures and strategies to optimize operational efficiency while maintaining quality service standards
Analyse revenue streams and expenses to drive profitability, and provide actionable insights to the management team to support decision-making
Evaluate potential investment and capital projects, develop financial models and scenarios to assess their impact on the hotel
Collaborate with human resources and the GM to understand labor agreements, support negotiations, and assess the financial implications of union contracts
Serves as a thought partner to the General Manager by providing information vital to reporting and decision-making
Advises GM and executive team on existing and upcoming financial and operational issues
Manage labor costs effectively, while supporting the GM in maintaining positive relationships with union representatives
Facilitate monthly P&L reviews to uncover challenges, opportunities and trends

Operational Initiatives :

Oversee, direct, and review the timely preparation of the financial statements, budgeting, and forecasting

Responsible for all finance functions daily, weekly, monthly and annual

Ensure compliance with financial regulations and internal controls and policies

Oversee, prepare and present the quarterly reporting to ownership

Work with external auditors and other third-party service providers as required, oversee internal and city audit processes.

Completes comprehensive month end close to include preparing journal entries and accruals, completing cost of sales entries, reconciling balance sheet accounts, ensuring proper tax reporting and analyzing profit performance

Ensure monthly P&Ls reflect accurate revenues, expenses, and cost of sales calculations

Analyze daily monthly variances between actual forecast and budgeted performance

Manage the accurate collection, posting and reconciliation of occupancy taxes, sales taxes, and transient marketing district fees.

Leadership :

Operate as a key financial partner to the General Manager

Drive and inspire the team to deliver a consistent and professional output of work, while fostering an environment of collaboration and diversity of thought for ways to improve and innovate

Lead, coach and develop direct reports by providing clear direction, guidance and support

Build strong relationships with the operating team, engage with the operating team, lead and coach the team in terms of financial initiatives, goals and development opportunities

Instill a culture of accountability, innovation and growth

Other duties :

Oversee and direct effective treasury and cash management practices, including cash flow forecasting, banking covenants, and other financial institution reporting requirements.

Monitor and improve cost controls to ensure the appropriate use of the hotel’s resources and other assets

Experience and Qualifications :

Approximately 10-12 years of financial reporting experience within the hospitality industry. A minimum of 3-4 years at the DOF level having reported to a General Manager

Strong technical accountant with strong written and oral communication skills

Strong leadership skills.

Strong analytical and problem-solving skills.

Experience with MS Office Suite (Microsoft Dynamics 365 a plus) and general computer skills.

University Degree or equivalent experience

CPA Designation would be an asset

Salary : $120,000 - $140,000

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