Director of Finance | Blossom Hotel Houston, Curio Collection by Hilton

Experience luxury, innovation, and growth at Blossom Hotel Houston, Curio Collection by Hilton. Located in the heart of the Texas Medical Center, this award-winning, AAA Four Diamond hotel blends sophisticated design with exceptional hospitality. As Director of Finance, you'll partner with an experienced leadership team to drive financial strategy for one of Houston's premier lifestyle hotels.

About the Role

The Director of Finance is responsible for providing ethical and consistent leadership in the financial area of the hotel by supplying management with guidance, training, and support. The role focuses on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal controls, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets.

Responsibilities

• Act as the “Chief Business Officer” to the general manager and Executive Committee (EC) Team, evaluating the financial impact on business decisions.
• Notify all levels of management promptly of any financial deviations from established policies and/or control weaknesses in the hotel.
• Manage and communicate cash flow-related issues, including accurate and timely preparation of cash-flow statements, management of receivables, cash balances, control mechanisms, and timely deposits of all funds.
• Monitor hotel revenues and expenses, ensuring accurate recording in accordance with Crescent Hotels and Resorts established guidelines.
• Investigate and critique variances to budget or prior year, offering practical improvement strategies to management.
• Monitor the capital planning process, assisting management with return on capital improvements calculations, gathering support, monitoring the bid process, and evaluating scope of work and specifications.
• Ensure hotel compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and proper execution of all operational taxes.
• Coordinate the completion of all forecasts and budgets with the full participation of the EC Team and department managers.
• Analyze financial data and operations to assist and advise management in maintaining the hotel’s financial objectives.
• Ensure all balance sheet accounts, including bank reconciliations, are reconciled on a timely basis.
• Establish and continually audit all internal financial controls, including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
• Hire, train, supervise, and develop finance staff, including coaching, counseling, and discipline.
• Maintain compliance with Crescent Hotels and Resorts standards and regulations to ensure safe and efficient hotel operations.
• Ensure proper utilization, maintenance, and periodic upgrades of all IT systems and equipment.
• Prepare and/or direct all financial reports in accordance with IHR requirements, meeting various due dates and deadlines:
  • Daily: Review and submit a Daily Revenue Report, ensure timely deposit of all cash and transmission of credit cards, and review Labor Report for overtime and variances to forecast.
  • Weekly: Review departmental checkbooks and advise on needed changes, distribute and discuss the weekly G/L report with department managers, and update the GM on unfavorable financial issues.
  • Monthly: Reconcile the Balance Sheet with proper backup, ensure all banks are counted, count the main vault, review the “Key Financial Controls” Checklist, review actual numbers to forecast, participate in the monthly Credit Meeting, and complete the forecast with Department Heads.
  • Annual: Complete the Internal Control Questionnaire (ICQ) bi-annually, conduct a surprise payroll audit bi-annually, participate in the annual budget process with Department Heads, and prepare analysis required by ownership and outside accounting firms.
• Conduct and/or attend periodic meetings to maintain favorable working relationships and promote maximum morale, productivity, and efficiency:
  • Executive Committee
  • Sales & Service
  • Financial Review
  • Departmental Budget & Forecast
  • Credit & Collection
  • Business Review Meeting
• Ensure the hotel complies with all report deadlines and due dates, reacting accordingly.
• Maximize efforts toward productivity, identify problem areas, and assist in implementing solutions.
• Approach all encounters with guests and employees in an attentive, friendly, courteous, and service-oriented manner.
• Participate in M.O.D. (Manager on Duty) coverage as required.
• Attend meetings/training as required by management.
• Perform other duties as requested by management.

Requirements

• A minimum of 8 years of related progressive experience in hotel accounting or a related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 4 years of related progressive experience; or a 2-year college degree and a minimum of 6 years of related progressive experience.

Skills

• Ability to convey information and ideas clearly.
• Ability to evaluate and select among alternative courses of action quickly and accurately.
• Ability to work well in stressful, high-pressure situations while maintaining composure and objectivity.
• Effective problem-solving skills, including anticipating, preventing, identifying, and resolving workplace issues.
• Ability to assimilate complex information from disparate sources and adjust or modify to meet specific needs.
• Strong listening skills, with the ability to understand and clarify concerns and issues raised by co-workers and guests.
• Proficiency in working with financial information and data, and basic arithmetic functions.
• Ability to prioritize departmental functions to meet due dates and deadlines.

Physical Requirements

• Long hours sometimes required.
• Sedentary work, exerting up to 25 pounds of force occasionally and/or negligible amounts of force frequently or constantly to lift, carry, push, pull, or otherwise move objects.