Director Of Finance - The Wolseley Hotel New York

About the Role

The Director of Finance is the senior financial leader of the property and a key member of the Executive Committee, reporting directly to the General Manager. This role is responsible for safeguarding hotel assets, ensuring financial integrity, maximizing profitability, and supporting strategic decision-making across the business.

Responsibilities

• Financial Leadership & Business Strategy: Act as a strategic business partner to the General Manager and Executive Committee. Lead annual budgeting, monthly forecasting, long-range planning, and capital planning. Drive financial performance through revenue optimization, cost management, and cash flow management. Present financial results and analyses to ownership and corporate leadership.
• Accounting, Controls & Compliance: Oversee all finance and accounting operations, ensuring compliance with US GAAP, USALI, and company policies. Maintain internal controls, lead audits, and manage financial records.
• Cash Management & Asset Protection: Manage cash flow, banking relationships, and capital expenditure tracking. Support ownership in evaluating strategic investments.
• Commercial Partnership: Partner with Revenue Management, Sales, Marketing, and Operations to maximize hotel performance. Evaluate pricing strategies and provide financial analysis for commercial decisions.
• Risk Management & Governance: Ensure compliance with regulations, oversee insurance programs, and manage financial risk.
• Leadership & Team Development: Recruit, develop, and mentor a high-performing finance team. Promote financial accountability and a culture of integrity.
• Hotel Openings & Special Projects: Support hotel openings, renovations, and special projects. Establish financial processes and controls as needed.

Requirements

• 8-10 years of progressive finance and accounting experience within hospitality.
• 3-5 years in a senior finance leadership role (e.g., Director of Finance, Financial Controller).
• Luxury or upper-upscale hotel experience required.
• Hotel opening, renovation, or transition experience preferred.
• Experience working with ownership groups, asset managers, and auditors.
• Proven success in budgeting, forecasting, and profitability improvement.

Qualifications

• Bachelor's Degree in Accounting, Finance, Business Administration, or related field.
• CPA, CMA, MBA, or equivalent certification preferred.
• Strong knowledge of US GAAP, USALI, and hospitality financial reporting.
• Advanced proficiency in Microsoft Excel and financial modeling.
• Experience with hospitality systems (e.g., Opera, Micros/Simphony, SunSystems, Oracle).
• Excellent written and verbal communication skills in English.

Working Conditions

This is a full-time on-site leadership role based at the property. Flexibility is required to support month-end closing, audits, hotel openings, and peak operational periods, including occasional evenings and weekends.

Benefits

• Development opportunities and training programs.
• Internal mobility within a global hospitality group.
• Inclusive work culture promoting diversity and equal opportunities.
• Wellbeing initiatives, including flexible working conditions.
• Sustainable and volunteer initiatives.
• Special rates and promotions for team members and their families.

Pay

Salary Range: USD $140,000 - $175,000 per year.