Director of Finance

About the Role

The Director of Finance provides leadership and direction to the entire Finance team while ensuring the long-term financial health and growth of the hotel. The ideal candidate has strong food & beverage experience as well as hotel experience.

Responsibilities

Finance Operations

• Direct and administer all financial operations of the hotel, including asset protection, financial reporting, systems management, hotel-wide budget and forecasting, department management, and meeting participation and facilitation.
• Ensure compliance with all Generally Accepted Accounting Principles (GAAP).
• Oversee all aspects of accounts receivable, credit, accounts payable, income audit, payroll, cash handling, cash control, purchasing, and receiving.
• Monitor and approve all sales, purchases, salaries, and expenses of the hotel.
• Assist and counsel department heads in the interpretation and analysis of financial data, recommending courses of action to maximize hotel profitability.
• Serve as financial advisor to hotel management and ownership.

Weekly + Monthly Tasks

• Responsible for weekly cash flow forecast/planning and determining weekly check run.
• Oversee preparation of monthly financial reporting package, including financial statement, balance sheet, and cash flow.
• Reconcile monthly billings and receivables with the hotel accounting team.
• Reconcile balance sheet.
• Prepare monthly state and city sales tax.
• Record monthly accruals.
• Lead monthly P&L reviews and forecast meetings with the management team and ownership.
• Allocate expenses amongst F&B outlets.
• Review inventory.
• Prepare Monthly Financial package:
  • P&L Consolidated
  • P&L Detail by Outlet
  • Revenue analysis
  • Balance sheet
  • Forecast Exec Summary

Projects & Ad Hoc

• Prepare annual plan, projections, and budgets.
• Implement financial controls.
• Review and update payroll allocations.
• Perform ROI analysis.
• Review contracts.
• Coordinate external audits for worker’s compensation, sales tax, and other insurance.
• Prepare year-end audit/tax.

People Success

• Support recruitment, facilitation of interviews, and selection of Finance team members and leaders.
• Conduct new hire training and encourage growth and continued training for established team members.
• Empower team to deliver the highest quality guest experience.
• Provide coaching and support to the Finance team.
• Utilize interpersonal and communication skills to lead, influence, and inspire the team.
• Solicit feedback and utilize an open-door policy encouraging transparency and healthy communication.
• Build and maintain a culture that maximizes guest and employee experience and attracts top talent.
• Establish and maintain collaborative internal and external relationships and ensure direct reports do the same.
• Celebrate successes and publicly recognize contributions.
• Participate in team member recognition programming.
• Participate in the implementation of corrective action plans.
• Ensure policies and procedures are followed by the team and, when needed, administer fair and consistent disciplinary action, including documentation of corrective action plans.

Skills

• Strong command of software applications, especially Microsoft Office (Word, Excel, PowerPoint) and hotel-specific platforms (Infor-HMS, ADP, Birchstreet, M3 Accounting Core).
• Excellent written and verbal communication skills; effective at listening to, understanding, and clarifying concerns raised.
• Strong leadership skills, highly-developed organizational abilities, and sound administrative skills.
• Ability to prioritize departmental functions to meet deadlines.
• Working knowledge of food and beverage and hotel cost controls.

Qualifications

• 8+ years’ experience in hospitality finance management, including 3 years in a leadership role.
• Luxury hotel experience preferred.
• College Degree in Finance or related field required.
• Working knowledge of local financial practices and taxation; work experience in country required.
• Ability to maintain confidentiality of information.
• Ability to work flexible hours.

Pay

$145k - $160k