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Assistant Director of Finance

Northwood Hospitality
Nashville, TN Full Time
POSTED ON 1/20/2025 CLOSED ON 3/20/2025

What are the responsibilities and job description for the Assistant Director of Finance position at Northwood Hospitality?

 

The purpose of this position is to provide consistent leadership in the financial area of the hotel by providing management with guidance and training in terms of: focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels on internal control; ensuring compliance with all federal, state, and local regulations and Conrad Nashville Standard Operating Procedures; and safeguarding owners/investors assets.

Job Description

Embrace and utilize the philosophies of Conrad Nashville when dealing with guests and team members. These philosophies include a friendly, service-oriented outlook and maintaining high standards of personal appearance and grooming.

Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.

Monitor hotel revenues and expenses and ensure the accurate recording in accordance with established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management.

Monitor the capital planning process by assisting management with the calculation of return on capital improvements, gathering support and monitoring the bid process, and ensuring proper upkeep of the property by evaluating scope of work and specifications.

Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.

Provide assistance to management in enforcing compliance on all these items.

Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives.

Ensure that all balance sheet accounts, including bank reconciliations are reconciled on a timely basis.

Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.

Continually focus on training and development programs for the Accounting team members to cultivate the “brightest” and “best” talent within the industry.

Hire, train, supervise and develop staff, including coaching, counseling and corrective action.

Ensure the proper utilization, maintenance and periodic upgrades of all equipment.

Directs or prepares  financial reports in accordance with requirements meeting various due dates and deadlines.

Conduct and/or attend and contribute to periodic meetings to maintain favorable working relationships among team members and promote maximum morale, productivity, and efficiency.

Monitor hotels’ compliance in meeting required report deadlines and due dates and react accordingly.

Experience, Skills and Knowledge  

A four (3) year college degree with an Accounting/ Finance concentration and a minimum of four (3) years of related progressive experience; or a two (2) year college degree and a minimum of six (5) years of related progressive experience; or a minimum of eight (8) years of related progressive experience in hotel Accounting or related field.

Must be able to clearly convey information and ideas including complex or technical issues, written or verbally.

Must be able to evaluate and select among alternative course of action quickly and accurately.

Must routinely meet deadlines.

Must be able to multi-task.

Must be effective in handling problems in the workplace, including anticipating, preventing, identifying, and solving problems as necessary.

Must have the ability to assimilate complex information, data, etc., from disparate sources and consider, adjust, or modify to meet the constraints of the particular need.

Must be effective at listening to, understanding, taking action when required and clarifying the concerns and issues raised by coworkers and guests.

Must be able to work with, understand and interpret financial information, hotel operations data and complex arithmetic functions.

Must be able to prioritize departmental functions in order to meet due dates and deadlines.

Benefits 

At Northwood, we value our employees and are committed to providing a comprehensive and competitive benefits package. 

  • Competitive Compensation
  • Medical, Dental, Vision, - eligible after 30 days
  • 401k after 90 days, fully vested, company match to 3%
  • Hilton Team Member Travel Program
  • Awesome Paid Time Off policy
  • Complimentary Parking, & Meals
  • Career & Training Development
  • Community Outreach Opportunities
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