Compensation TypeYearly
LocationLocated in the heart of Manhattan's Times Square, the iconic Row NYC has completed a $140+ million transformation of all guest rooms and public spaces. The hotel is surrounded by 24 Broadway theaters, is 1 block from Restaurant Row and is close to Jacob Javits Convention Center, Macy's, Rockefeller Center, the Empire State Building and many of NYC's top attractions. The hotel offers 1,331 newly built guestrooms with a variety of bedding configurations including king, queen, double/double and twin.
OverviewThe Assistant Director of Finance is responsible for providing consistent leadership in the financial area of the hotel by supplying the accounting staff with guidance and training. He/she is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels on internal control, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets.
Responsibilities- Assist Director of Finance in timely preparation of monthly financial statements for the property
- Prepare, monitor, and accurately record hotel revenues daily by preparation of the Income Journal. Identify all variances to budget and last year.
- Monitoring and control of hotel operations, cash flow and operating forecasts for the property
- Under guidance of Director of Finance maintain timely interaction with Department Heads to assure that property operations are on track and under control at all times
- Preparation of monthly bank reconciliations and general ledger account reconciliations for the property
- Supervision of accounting department staff
- Compliance with Highgate Accounting Policies and Procedures and internal controls for our finance and accounting operations
- Effectively manage and communicate related issues related to management of receivables, payables, daily cash balances, and timely deposits of all funds.
- Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Highgate Hotel's established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management.
- Analyze financial data and operations in order to assist Director of Finance and advise Department Heads in maintaining the hotels' financial objectives.
- With supervision of Director of Finance hire, train, supervise and develop staff, including coaching, counseling and discipline.
- Preparation of any special reports, statements, etc., as requested.
- Other special projects and responsibilities as assigned.
Qualifications- Bachelors Degree, preferably in Accounting.
- Strong PC skills including Excel, Word and financial accounting systems.
- Strong organizational, analytical, verbal and written communication skills.
- Long hours and sometimes required.
- Hospitality related financial management and accounting experience desirable.
