Area Director of Finance

Responsibilities

• Effectively manage and communicate cash flow related issues.
• Accurately and timely prepare monthly financial statements for the property: 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 Highgate Hotels established guidelines.
• Monitors and controls Hotel’s cash flow and operating forecast.
• Create annual budgets and monthly variance analysis.
• Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management.
• 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.
• Comply with Standard Accounting policies and procedures and internal controls for finance and accounting operations.
• Timely reviews and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
• Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
• Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times.
• Monitor hotels’ compliance in meeting required report deadlines and due dates and react accordingly.
• Monitor the accurate production of the hotel daily operating report.
• Execute other special projects and responsibilities as assigned.

Qualifications

• At least 5 or more years of Hospitality Finance/Accounting experience.
• Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel.
• Experience overseeing multiple hotels at one time.
• Excellent verbal and written communication skills.
• Bachelor’s degree required, preferably in Finance or Accounting.
• Must supervise 2 or more employees.
• Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems.