Director of Finance
EOS Hospitality · New York, NY · 2 wk ago
FinanceFull-time
Key Responsibilities
- Details understanding and execution of Month-End process for the properties, including but not limited to the preparation of financial statements, accruals, journal entries.
- Maintains reconciliations for balance sheet accounts in established corporate formats and in accordance with local Generally Accepted Accounting Principles (local GAAP).
- Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
- Analyzes information, forecasts sales against expenses and creates annual budget plans.
- Thinks creatively and practically to develop, execute and implement new business plans.
- Creates the annual operating budget for the property.
- Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
- Implements a system of appropriate controls to manage business risks.
- Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability.
- Led the development and implementation of a comprehensive annual business plan which is aligned with the company's and brand's strategic direction.
- Produces accurate forecasts that enable operations to react to changes in the business.
- Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision-making; demonstrates honesty/integrity; leads by example.
- Leverages strong functional leadership and communication skills to influence the property's strategies and to lead own team.
- Manages communication with owners in an effective manner.
- Manages property working capital and cash flow in accordance with brand SOPs and owner requirements.
- Safeguards the P&L by ensuring costs are properly matched to revenue costs and are recorded in the proper accounts.
Required Qualifications
- Five year's minimum lifestyle hotel financial management experience.
- Bachelor's degree or equivalent.
- Superior user capabilities in computer software products including Micros, OPERA, On-Q, ProfitSword, M3).
- Ability to communicate effectively verbally and in written form with the public as well as property team members.
- Essential statistical and analytical skills required to identify revenue opportunities and shortfalls.
- Ability to handle confidential information discretely and in the proper manner.
- Self-starter, and possess excellent presentation skills.
- Prominent track record of successful hotel distribution and revenue strategic planning.
- Effective decision-making skills.
- Strong problem-solving skills.
- Strong organizational skills.