Assistant Director of Finance

Job Purpose:

The Assistant Director of Finance plays a crucial role in overseeing and managing the financial operations of the hotel. This position involves supporting the General Manager and Executive Team in maintaining the financial health of the property by ensuring accurate and timely financial reporting, budget and forecast management, and compliance with financial regulations. The ideal candidate will have a strong background in finance, excellent analytical skills, and experience in the hospitality industry.

Essential Duties and Responsibilities:

• Maintain compliance with Main Street Hospitality standards and regulations to ensure safe, consistent and efficient financial processes at assigned hotel.
• Financial Reporting: Preparation and analysis of consolidated financial statements, including income statements, balance sheets, and cash flow statements. Ensure reports are accurate and delivered on time.
• Budgeting and Forecasting: Contribute to the development and monitoring of annual budgets. Provide monthly financial forecasts and analyses to support strategic planning and decision-making.
• Audit and Compliance: Support internal and external audits by preparing necessary documentation and addressing audit inquiries. Ensure compliance with financial policies, procedures, and regulations.
• Cost Control: Monitor and analyze operational expenses. Identify opportunities for cost savings and implement strategies to optimize financial performance.
• Financial Analysis: Conduct detailed financial analyses to assess performance trends and identify areas for improvement. Provide actionable insights to management.

Other Responsibilities:

• Review daily sales journal and review with Executive Team during weekly meetings.
• Preparation and review monthly balance sheet reconciliations with appropriate back up according to auditing standards.
• Prepare monthly cash flow statement for assigned property, and work with Corporate Treasury department on rolling calendar cash forecasts for assigned property.
• Audit, reconcile credit cards; reconcile city ledger accounts on a weekly basis, compared to property monthly aging report.
• Validate tax calculations in the sales journal and ensure that the taxes posted correspond to the revenues generated for each category; research and reconcile exceptions.
• Alert management of any unusual operation or financial occurrences and/or significant deviations from policies and procedures.
• Maximize productivity, identify problem areas, and assist in finding and implementing solutions.
• Respond to governmental inquiries upon receipt.
• Attendance at meetings/training as required by management.
• Perform other duties as requested by management.

Education & Experience: 

• Bachelor’s degree in finance, Accounting, Business Administration, or a related field.
• At least three to five years general accounting work experience (i.e., chart of accounts, maintain general ledger accounts, reconciliations, monthly closings) in the hospitality industry.
• Proficiency in financial software and systems (i.e., Microsoft Office, Excel, Accounting Software)
• Experience with hospitality accounting and business analytics software preferred.

Professional Characteristics:

• Work with and understand financial information, data, and complex arithmetic functions.
• Ability to clearly convey information and ideas.
• Maintain composure and objectivity under pressure.
• Effectively handle problems in the workplace, including anticipating, preventing, identifying, and solving problems as necessary.
• Work with and understand financial information, data, and complex arithmetic functions.
• Willing to listen, understand, clarify and resolve the concerns or issues raised by co-workers, vendors and hotel staff associates and customers.

• Ability to prioritize job functions to meet established deadlines.

Physical Requirements:

• Flexible and long hours sometimes required.
• Sedentary work – Exerting up to 20 pounds of force occasionally, and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects.

Work Authorization:  Must be eligible to work in the United States. 

EEO Statement:  Main Street Hospitality is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, gender identity, or any other characteristic protected by law.