Demo

Director of Finance

Montauk Yacht Club
Montauk, NY Full Time
POSTED ON 1/6/2025
AVAILABLE BEFORE 3/6/2025
Proper Hospitality is seeking a Director of Finance at Montauk Yacht Club, our 107-room luxury property within The Collective.

Spanning 35 acres on Montauk’s Star Island, Montauk Yacht Club offers waterfront views, a private beach, three pools, multiple dining options and over 200 wet slips that can accommodate boats from small day cruisers to 300-foot superyachts. Holding eight decades of East End history as an elite social club and thoughtfully reborn for the modern traveler, guests can expect classic East Coast architecture, well-appointed interiors and detail-driven amenities. 

The Director of Finance serves as a strategic partner to the General Manager and Executive Leadership Team, responsible for overseeing all financial operations. This role ensures financial health, supports strategic decision-making and aligns financial practices with Montauk Yacht Club’s vision of delivering exceptional guest experiences. Our ideal candidate combines strong analytical acumen with a deep understanding of hospitality operations, emphasizing proactive financial management and operational excellence.

Key Responsibilities:

Financial Planning & Strategy
  • Develop and implement Montauk Yacht Club’s financial strategy, ensuring alignment with long-term business objectives
  • Lead the annual budgeting process, including forecasting, capital expenditure planning and long-term financial modeling
  • Provide strategic insights and recommendations to optimize revenue, profitability and operational efficiency
Financial Operations
  • Oversee day-to-day financial operations, including accounts payable, accounts receivable, payroll and cash management
  • Ensure accurate and timely preparation of financial reports, including P&L statements, balance sheets and cash flow projections
  • Monitor working capital and manage liquidity to support operational needs
Compliance & Risk Management
  • Ensure compliance with all financial regulations, tax laws, and corporate policies
  • Manage internal and external audits, maintaining strong internal controls and financial integrity
  • Identify and mitigate financial risks through sound analysis and proactive measures
Revenue Management Support
  • Collaborate with the Revenue Management team to analyze market trends, pricing strategies and revenue performance
  • Evaluate financial impacts of sales, marketing and operational initiatives to drive profitability
Team Leadership
  • Lead and mentor the Finance team, fostering a culture of collaboration, accountability and excellence
  • Provide financial training and guidance to department heads to enhance overall fiscal understanding
Technology & Systems
  • Oversee the implementation and optimization of financial systems, tools, and software
  • Leverage technology to streamline financial processes and improve data-driven decision-making
Qualifications:

Education & Experience
  • Bachelor’s degree in Finance, Accounting, or a related field; CPA, CFA, or MBA preferred
  • Minimum of 5-7 years of financial management experience, preferably in luxury hospitality or boutique hotel settings
  • Proven track record of successful financial leadership and strategy implementation
Skills & Competencies
  • Exceptional financial acumen with strong analytical and problem-solving skills
  • Deep understanding of hospitality financial metrics, including RevPAR, ADR, GOPPAR, and labor cost management
  • Excellent communication and interpersonal skills, with the ability to influence stakeholders at all levels
  • Proficient in financial systems (e.g., Opera, Micros, SAP, QuickBooks) and advanced Excel capabilities
  • Strong leadership and team-building capabilities with a focus on developing talent
Personal Attributes
  • High integrity, professionalism and commitment to ethical practices
  • Adaptability in a fast-paced, dynamic luxury hospitality environment
  • A collaborative and service-oriented mindset

Company Overview
Proper Hospitality is made up of a diverse group of passionate individuals who share a common love for hotels and the art of hospitality. Our philosophy is simple: There is a right way to do things and anything less just isn’t proper. We are seeking out the “best of the best” from inside and outside of the industry to work alongside us as we grow a new kind of lifestyle hospitality company inspired by a centuries-old tradition. The work is challenging and fast-paced, but rewarding above all.

We provide equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, or any other federal/state protected category.

Proper Hospitality will consider qualified applicants with criminal histories in a manner consistent with local Fair Chance Hiring Ordinances.

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