Sage Hospitality Resources

Area Dir Finance

Sage Hospitality Resources$140K — $160K *
Hospitality & Recreation
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting or related field is preferred.
  • 5-10 years of relevant experience in finance or a related position.
  • Extensive knowledge of hotel accounting operations and financial compliance practices.
  • Advanced understanding of finance and accounting principles within the hospitality sector.
  • Proficient in financial data analysis and reporting.

Responsibilities

  • Oversee financial compliance, budgeting, and reporting across multiple hotel properties.
  • Assist department heads with operational issues and special financial projects.
  • Develop and manage annual operating budgets to achieve targeted revenue and profits.
  • Establish quarterly priorities for department heads and monitor progress on objectives.
  • Conduct monthly forecasts to manage operating costs and resource allocations effectively.
  • Review and analyze financial statements to identify discrepancies and ensure financial stability.
  • Promote employee morale and development through effective communication and support.

Benefits

  • Participate in the Sage bonus plan.
  • Enjoy unlimited paid time off.
  • Comprehensive medical, dental, and vision insurance.
  • Join the 401(k) program with employer matching.
  • Access to health savings and flexible spending accounts.
  • Receive basic life and AD&D insurance.
  • Benefit from company-paid short-term disability coverage.
  • Eligible for paid FMLA leave for up to 12 weeks.
  • Employee Assistance Program available.
  • Enjoy discounts on hotels, restaurants, and more.
  • Participate in the Employee Referral Bonus Program with rewards up to $1,000 per referral.
Full Job Description
Job Overview

The Area Director of Finance is the financial leader of assigned hotels. Oversees all areas in finance, especially payroll, budgeting, forecasting and relevant duties. Supporting multiple hotels requires an ability to demonstrate excellent leadership skills, provides accurate and timely financial reports as requested by leadership and corporate. Implements internal control procedures that safeguard leaders, owner, assets and complies with Federal, State and Local regulations.

Responsibilities
  • Supports multiple hotels across all areas of financial compliance and reporting, budgeting development and management.
  • Readily assist in the operation of each leaders department and special projects. Identifies risks and presents solutions that guides leaders in making effective decisions that meets the financial interests of the hotels.
  • Develops annual operating budget, operating plan and financial goals. Achieves budgeted revenues, costs and profits through accounting diligence and expenditure controls and proficient accounting practices.
  • Set written priorities and key objectives for each department head quarterly including action plan and completion date. Follow up to assure successful implementation and follow-through and take corrective action in the event of failure to meet assigned objectives.
  • Monthly forecasting of operating staff and cost expenditures. Business planning in line with forecasted sales and costs including guidance to department heads.
  • Monthly review of financial statement in order to correct problems, assure spending is in line and to plan for future business. Review and approve all expenses in "other expense" categories in all departments. Regularly review all major expenses to assure that monies are wisely expended.
  • Promotes associate moral and loyalty within their department and hotel, leading to reduced turnover. Communicate, counsel and assist in staff development. Visible and available to all associates in accordance with the Company's open door policy. Attend monthly department employee meetings whenever possible.
  • Assure level of experience, knowledge and ability to meet job requirements of all hotel management. Cost Controls Review controls and assure adherence at all times in order to protect the hotel's property/assets.
  • Review sales solicitation activities, room nights productivity and group room rates sold by sales. Review individual productivity and corrective actions are taken. Evaluate market mix and take action in order to best position the hotel for increased business. Involvement in sales solicitation of key accounts by reviewing contracts, meeting with sales department, visit key account contacts in person and by phone.
  • Review monthly financial statements with property leaders and provide strategic guidance for changes in business needs to ensure profit margins are in line with business plan

    OTHER RESPONSIBILITIES

    · All other duties as assigned, requested or deemed necessary by management.

    SUPERVISORY DUTIES

    3-5 Associates

Qualifications

Education/Formal Training

A four-year college degree (accounting preferred) or equivalent education/experience.

Experience

Experience required by position is five to ten years of employment in a related position with this company or other organization(s).

Knowledge/Skills

  • Requires knowledge of all hotel accounting functions performed by the subordinate reporting directly or indirectly.
  • Requires advanced knowledge of the accounting, finance and hospitality professions.
  • Requires ability to analyze activities or information involving some original data manipulation or interpretation to arrive at logical conclusions.
  • Office Management, Bank Reconciliations, Preparation of State and Federal Reports, Training of Accounting staff employees, Conducting or participating in meetings, Analysis of Balance Sheet Accounts, Preparation of Journal entries, closing the books and preparing the Balance, Sheet Package.

Physical Demands

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Lifting, pushing, pulling, carrying -limited lifting, pushing, pulling, carrying up to 15-20 lbs. Generally boxes, computer equipment.
  • Bending/kneeling -limited bending/kneeling required when arranging supplies or equipment.
  • Mobility -limited mobility between offices and departments. No continuous standing, climbing or driving.
  • Ability to train and interact with management and associates.
  • Ability to read reports, computer, etc.

Environment

Work inside 95% of work period.

Benefits
  • Eligible to participate in Sage bonus plan

  • Unlimited paid time off

  • Medical, dental, & vision insurance

  • Eligible to participate in the Company’s 401(k) program with employer matching

  • Health savings and flexible spending accounts

  • Basic Life and AD&D insurance

  • Company-paid short-term disability

  • Paid FMLA leave for up to a period of 12 weeks

  • Employee Assistance Program

  • Great discounts on Hotels, Restaurants, and much more.

  • Eligible to participate in the Employee Referral Bonus Program. Up to $1,000 per referral

SalaryUSD $140,000.00 - USD $160,000.00 /Yr.

About Sage Hospitality Resources

Sage Hospitality Resources is a hospitality management company that operates hotels, restaurants, and event spaces across the United States. The company was founded in 1984 and is headquartered in Denver, Colorado. Sage Hospitality Resources is committed to sustainability and social responsibility, and has received numerous awards for its efforts in these areas. The company operates over 60 properties in 20 states, and has a reputation for providing exceptional guest experiences.
Learn more about Sage Hospitality Resources
Size
5,000 employees
Industry
Founded
1984

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