What are the responsibilities and job description for the Area Director of Finance position at Sage Hospitality Group?
Why us?
Sage Hospitality Group is looking for an Area Director of Finance to join us supporting the Embassy Suites by Hilton Irvine Orange County Airport and the Pierside Santa Monica.
As part of Sage Hospitality Group, we passionately strive to be the best and create excellence in everything we do. We believe in enriching lives one experience at a time. More than a slogan, we empower our employees to make positive impacts on the communities in which we live and work. By providing genuine service we build relationships with our guests and value for our shareholders, and we create unforgettable experiences.
We are looking for independent thinkers. Those who harness their entrepreneurial spirit so that it breaks preconceived notions. We’re not afraid to forge our own path. After all, it’s what industry leaders do. That’s why we welcome risk takers and creative spirits alike. No matter your daily role, Sage recognizes that your success is about more than the work you do—it’s really about who you are, which is why we invest in your personal and professional growth. We hope you consider joining us!
Job Overview
The Area Director of Finance is the financial leader of assigned hotels. Oversees all areas in finance, especially payroll, budgeting, forecasting and relevant duties. Supporting multiple hotels requires an ability to demonstrate excellent leadership skills, provides accurate and timely financial reports as requested by leadership and corporate. Implements internal control procedures that safeguard leaders, owner, assets and complies with Federal, State and Local regulations.
Responsibilities
- Supports multiple hotels across all areas of financial compliance and reporting, budgeting development and management.
- Readily assist in the operation of each leaders department and special projects. Identifies risks and presents solutions that guide leaders in making effective decisions that meet the financial interests of the hotels.
- Develops annual operating budget, operating plan and financial goals. Achieves budgeted revenues, costs and profits through financial diligence and expenditure controls and proficient accounting and finance practices.
- Set written priorities and key objectives for each department head quarterly including action plan and completion date. Follow up to assure successful implementation and follow-through and take corrective action in the event of failure to meet assigned objectives.
- Monthly forecasting of operating staff and cost expenditures. Business planning in line with forecasted sales and costs including guidance to department heads.
- Monthly review of financial statements in order to correct problems, assure spending is in line and to plan for future business. Review and approve all expenses in "other expense" categories in all departments. Regularly review all major expenses to assure that funds are wisely expended.
- Promotes associate morale and loyalty within their department and hotel, leading to reduced turnover. Communicate, counsel and assist in staff development. Visible and available to all associates in accordance with the Company's open door policy. Attend monthly department employee meetings whenever possible.
- Assure level of experience, knowledge and ability to meet job requirements of all hotel management. Cost Controls Review controls and assure adherence at all times in order to protect the hotel's property / assets.
- Review sales solicitation activities, room nights productivity and group room rates sold by sales. Review individual productivity and corrective actions are taken. Evaluate market mix and take action in order to best position the hotel for increased business. Involvement in sales solicitation of key accounts by reviewing contracts, meeting with sales department, visit key account contacts in person and by phone.
- Review monthly financial statements with property leaders and provide strategic guidance for changes in business needs to ensure profit margins are in line with business plan.
- All other duties as assigned, requested or deemed necessary by management.
SUPERVISORY DUTIES : 3-5 Associates
Qualifications
Education / Formal Training
A four-year college degree (preferably in finance, business and accounting) or equivalent education / experience.
Experience
Experience required by position is five to ten years of employment in a related position with this company or other organization(s).
Knowledge / Skills
Physical Demands
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Environment
Work inside 95% of work period.
Benefits
Salary
USD $150,000.00 - USD $170,000.00 / Yr.
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Salary : $150,000 - $170,000
