What are the responsibilities and job description for the Director of Finance position at Marcus Hotels?

Director of Finance

Join our team of passionate hospitality professionals at the Hyatt Regency Coralville Hotel & Conference Center, giving guests memorable experiences and access to the best restaurants, nightlife, and outdoor recreation in the city. Managed by Marcus Hotels & Resorts, we adhere to our guiding principles of People Pleasing People and to always realize our most important assets are our incredible associates.

Purpose of the Position : Actively participate as a financial leader within the property and the company to ensure sufficient controls, processes and procedures to : (a) maintain compliance with applicable laws and regulations, (b) produce accurate and timely financial information, and (c) manage property accounting staff. This individual is a key member of our property's Executive Committee (EC).

At the Hyatt Regency Coralville , we offer the following benefits & perks, including, but not limited to :

ü Attractive Compensation Package - Competitive salary with the opportunity to earn bonuses as a valued Executive Team Member.

ü Generous 401(k) Matching - Enjoy immediate vesting with company-matched contributions to help you build your future.

ü Comprehensive Insurance Benefits - Access to full insurance benefits starting just 30 days after beginning full-time employment, providing peace of mind for you and your family.

ü Work-Life Balance Focus - Flexible work schedule designed to support your personal needs while maintaining professional success.

ü Exclusive Discounts - Enjoy special discounts at Hyatt and Marcus Hotels & Resorts properties, enhancing your travel and stay experiences.

ü Complimentary Movie Tickets - Receive free Marcus Theaters movie tickets for your entertainment.

ü Free & Discounted Meals - Take advantage of free and discounted meals, including Starbucks, to make your workday more enjoyable.

ü Convenient Parking - Free parking, ensuring you have easy and stress-free access to work.

As our Director of Finance , you would be responsible for :

Financial Management and Business Partnership

Act as a financial business partner, working closely with property management to provide creative solutions aimed at improving business results and operational processes.
Drive the annual budget process, including both financial and capital projections.
Develop operational analysis and provide actionable information to aid decision-making for property management and Central Accounting.
Collaborate with the property management team and Central Accounting to resolve accounting challenges promptly and effectively.
Oversee the preparation and drive the creation of monthly forecast and variance reports, ensuring they are reviewed for accuracy.
Ensure the accuracy and timeliness of financial reports and statements for internal and external use.
Prepare monthly financial statements, journal entries, accruals, and maintain all accounting records.
Manage checks and reconciles General Ledger accounts and bank statements.
Create and implement accounting processes and procedures based on prescribed guidelines (Marcus Ways, SOX, US GAAP).
Actively engage with Central Accounting to update company policies, adjusting to the dynamic business environment.

Team Leadership and Staff Management

Select, develop, and manage an effective team of accounting associates, including those responsible for receivables, collections, accounts payable, payroll, cashiering, night audit, and income audit.

Assist in training and supervising accounting staff, ensuring team development and compliance with accounting practices.

Supervise staff in compiling month-end closing reports and ensure timely submission.

Maintain proper staffing levels and oversee employee scheduling to ensure operational needs are met.

Internal Controls and Safeguarding Company Assets

Implement and maintain accounting processes and internal controls to safeguard company assets.

Ensure processes and procedures are in place to protect company assets and adhere to all relevant regulatory standards.

Schedule and follow through on monthly House Bank audits.

Payroll and Personnel Management

Prepare, process, balance, and transmit payroll through the UKG Dimensions Timekeeping System.

Prepare and distribute daily payroll reports.

Coordinate payroll processing with Human Resources and communicate necessary personnel changes.

Maintain all payroll files and related forms, ensuring accurate record keeping.

Upon receipt of payroll checks from the Central Accounting Office, ensure they are inserted into payroll envelopes and distributed to department managers.

Assist employees and managers with any payroll-related questions or concerns.

Perform related management activities as required, supporting the smooth operation of payroll processing.

Technical and Administrative Support

Maintain and troubleshoot the mainframe computer and network systems, including installation and updates of new programs or software.

Calculate and produce daily deposit transmittals for checks received.

Develop and maintain efficient accounting systems and procedures to ensure the timely processing of financial data.

We are looking for our next amazing property leader, who will possess :

Positive and Respectful Leadership - Demonstrates a consistently positive attitude, fostering a respectful and inclusive environment through strong communication and interpersonal skills.

Proven Leadership Experience - Previous experience in leadership roles that promote a culture of positivity, adaptability, and team collaboration, with a focus on motivating and empowering others.

Extensive Management Experience - Minimum of 5-7 years of management experience in a multi-site, high-volume hospitality environment, with a track record of cultivating a supportive and productive work culture.

Educational Qualifications - A bachelor's degree in Accounting is required, with a CPA designation preferred.

Action-Oriented Leadership - Proven ability to lead with a proactive approach, driving team success through effective decision-making and fostering a strong sense of teamwork and accountability.

Exceptional Communication Skills - Strong verbal and written communication abilities, ensuring clarity, transparency, and a positive flow of information within the team.

Financial Acumen - Passionate about financial analysis, with a focus on finding innovative, efficient solutions that align with company and property goals.

Professional Representation - Committed to representing the organization and property with professionalism, integrity, and a customer-focused mindset.

Availability and Flexibility - Willingness to work the required hours, demonstrating flexibility in managing time and responsibilities.

Technical Proficiency - Advanced proficiency in Microsoft Office software; experience with PeopleSoft, ProfitSword, and UKG is desirable, but not required.

Willingness to Travel - Ability to travel as needed, approximately 10% of the time, to support organizational needs and foster leadership development.

We will verify through E-Verify the identity and employment eligibility of all persons hired.

Marcus Hotels & Resorts is an Equal Opportunity Employer.

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