Director of Finance And Accounting

SkyBridge Luxury & Associates is partnering with a renowned luxury hotel in New York City to find an experienced and strategic Director of Finance. This leadership role is critical to the hotel's financial success, requiring an individual with extensive hotel finance expertise to oversee financial operations, ensure compliance, and drive the property's financial strategy. The Director of Finance will lead the finance team, manage financial reporting, and collaborate closely with executive leadership and department heads to align financial initiatives with the hotel's overall goals.

Key Responsibilities:

Financial Leadership & Strategy:

• Develop and implement the hotel's financial strategy to achieve operational and financial objectives.
• Lead financial planning efforts, including budgeting, forecasting, and financial modeling, to support strategic decision-making.
• Serve as a trusted financial advisor to the hotel's executive team, providing insights and recommendations to optimize financial performance.

Financial Reporting & Analysis:

• Oversee the preparation of monthly, quarterly, and annual financial statements and management reports.
• Conduct in-depth financial analysis to identify trends, opportunities, and areas for improvement.
• Ensure accurate and timely financial reporting in compliance with GAAP and corporate policies.

Internal Controls & Compliance:

• Establish and maintain robust internal control systems to safeguard the hotel's assets and ensure compliance with financial regulations and standards.
• Conduct regular audits and reviews to ensure accuracy and adherence to internal and external requirements.

Accounts Management:

• Supervise accounts payable, accounts receivable, payroll, and cash flow management processes.
• Ensure timely reconciliations and preparation of financial documentation to support audit requirements.

Team Leadership & Development:

• Lead and mentor the finance team, fostering professional growth and building a high-performing department.
• Establish clear performance metrics and provide ongoing feedback to support team development.

Collaboration with Departments:

• Partner with department heads to provide financial guidance and support operational decisions.
• Collaborate on initiatives to control costs and enhance revenue streams while maintaining service excellence.

Audit Preparation:

• Coordinate and oversee the preparation of documentation and reports for internal and external audits.
• Ensure timely and accurate responses to auditors' inquiries, facilitating a smooth audit process.

Qualifications:

• Bachelor’s degree in Finance, Accounting, or a related field (CPA or CMA preferred).
• Minimum of 7 years of progressive experience in hotel finance, including 3 years in a leadership role.
• Expertise in budgeting, forecasting, financial analysis, and internal controls within the hospitality industry.
• Proficiency in financial systems and software, such as Opera, Oracle, or SAP.
• Comprehensive understanding of GAAP and the Uniform System of Accounts for the Lodging Industry (USALI).
• Exceptional leadership, analytical, and organizational skills.
• Strong communication and interpersonal abilities, with a collaborative approach to cross-departmental initiatives.