Complex Director of Finance

About the role

This role provides consistent leadership in the financial area of the hotels by focusing on profitability, accurate and timely financial reporting, internal controls, compliance with regulations and Highgate Hotels’ Standard Operating Procedures, and safeguarding owners/investors assets. Based at the Kimpton Hotel Monaco in Denver, the Complex Director of Finance will also provide leadership to the Elevation Resort in Crested Butte.

Responsibilities

• Effectively manage and communicate cash flow related issues, including preparation of monthly financial statements: cash flow statements, management of receivables, payables, cash balances, control mechanisms, and timely deposits of all funds.
• Monitor hotel revenues and expenses, ensuring accurate recording in accordance with Highgate Hotels established guidelines.
• Monitor and control the Hotel’s cash flow and operating forecast.
• Create annual budgets and monthly variance analysis, investigating and critiquing variances to budget or prior year, and offering practical improvement methodologies to management.
• Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and proper execution of all operational taxes. Provide assistance to management in enforcing compliance.
• Analyze financial data and operations 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.
• Conduct 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.
• Successfully complete all internal and external financial audits, including coordination with CPA firms and delivering information requested by auditors on a timely basis.
• Hire, train, supervise, and develop staff, including coaching, counseling, and discipline.
• Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel.
• Direct or prepare all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines:
  • Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates
  • Monthly: Financial Statements, Forecasting Key Statistics Report, Cash Flow
  • Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
• Interact timely with Executive Committee members to assure property operations are on track and under control.
• 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 years of Hospitality Finance/Accounting experience.
• Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel.
• Excellent verbal and written communication skills.
• Bachelor’s degree required, preferably in Finance or Accounting.
• Previous experience supervising 2 or more employees.
• Proficient in Windows, company-approved spreadsheets, word processing, and all hotel-specific systems.
• Long hours sometimes required.
• Maintain a warm and friendly demeanor at all times.
• Able to effectively communicate both verbally and in writing with all levels of employees and guests in an attentive, friendly, courteous, and service-oriented manner.
• Effective at listening to, understanding, and clarifying concerns raised by employees and guests.
• Able to multitask and prioritize departmental functions to meet deadlines.
• Approach all encounters with guests and employees in an attentive, friendly, courteous, and service-oriented manner.
• Attend all hotel-required meetings and trainings.
• Participate in M.O.D. coverage as required.
• Maintain regular attendance in compliance with Highgate Hotels Standards, as required by scheduling.
• Maintain high standards of personal appearance and grooming, including wearing nametags.
• Comply with Highgate Hotels Standards and regulations to encourage safe and efficient hotel operations.
• Maximize efforts toward productivity, identify problem areas, and assist in implementing solutions.
• Effective in handling problems, including anticipating, preventing, identifying, and solving problems as necessary.
• Able to understand and evaluate complex information, data, etc. from various sources to meet appropriate objectives.
• Maintain confidentiality of information.
• Perform other duties as requested by management.

Benefits

• Travel discounts at Highgate hotels.
• Competitive benefits, including three pricing tiers of medical coverage, as well as Dental and Vision benefits for eligible full-time associates.
• Paid sick leave accrual in accordance with the Colorado Healthy Families and Workplaces Act.
• Paid time off plans may be available to qualifying associates.
• Retirement 401(k) Program open to both full-time and part-time qualifying associates.