Candidate Profile Education and Experience:The successful candidate will have a minimum of 5 years' experience in Accounting. Experience in hotel accounting environment, preferably in a unionized hotel preferred. Successful candidate will also have four year college degree in Accounting with emphasis in Finance, Accounting or Business Management.
What's in it for you...- Insurance enrollment available from DAY 1!
- Paid time off available from DAY 1!
- Holiday pay available from DAY 1!
- 401(k) enrollment after 30 days!
- Hotel and travel discounts at worldwide destinations!
- Professional development and promotion opportunities!
Key ResponsibilitiesFinancial Leadership & Strategic Planning- Lead all financial operations for the hotel, ensuring alignment with ownership, management company, and brand objectives.
- Serve as a trusted advisor to the General Manager and Executive Committee on all financial matters.
- Develop annual operating budgets, capital budgets, forecasts, and long-range strategic financial plans.
- Prepare monthly variance analyses and identify opportunities to improve revenue, productivity, cost controls, and overall profitability.
- Analyze financial results and operational performance to ensure achievement of financial goals and objectives.
Financial Reporting & Accounting- Ensure the accurate and timely preparation of all financial statements in accordance with Generally Accepted Accounting Principles (GAAP), management company standards, and ownership requirements.
- Review and approve balance sheet reconciliations, bank reconciliations, and general ledger accounts.
- Oversee month-end and year-end closing processes.
- Monitor daily operating reports and ensure the accuracy of all financial reporting.
- Manage the preparation and presentation of financial information for ownership reviews and executive leadership meetings.
Cash Flow & Asset Management- Effectively manage and communicate all cash flow related matters.
- Oversee accounts receivable, accounts payable, cash balances, banking relationships, and investment of operating funds.
- Ensure timely collection of receivables and proper management of payables.
- Safeguard hotel assets through strong financial controls and accountability measures.
- Monitor hotel operating forecasts and capital expenditures to ensure optimal financial performance.
Compliance, Controls & Risk Management- Establish, monitor, and continually audit internal controls related to:
- Purchasing
- Cash handling
- Payroll
- Disbursements
- Inventory controls
- Fixed assets
- Employee records
- Master keys and security procedures
- Ensure compliance with all federal, state, and local regulations.
- Maintain all required licenses, permits, leases, contracts, and legal agreements.
- Oversee tax compliance, including sales, use, occupancy, and payroll taxes.
- Coordinate internal and external audits and provide timely responses to auditors and ownership representatives.
Business Partnership & Operations Support- Partner with department leaders to improve financial performance and operational efficiency.
- Assist management teams in developing action plans to address financial opportunities and challenges.
- Provide financial training and guidance to department heads regarding budgeting, forecasting, labor management, and expense controls.
- Participate in strategic planning initiatives and capital investment decisions.
Team Leadership & Development- Lead, mentor, and develop the Accounting and Finance team.
- Recruit, train, and retain high-performing associates.
- Conduct performance evaluations, coaching, counseling, and disciplinary actions as necessary.
- Foster a culture of accountability, collaboration, and continuous improvement.
Reporting RequirementsThe Director of Finance is responsible for preparing and overseeing reporting requirements including, but not limited to:
Weekly- Accounts Receivable Aging Reports
- Accounts Payable Aging Reports
- Flash Reports
- Payroll Analysis
- Revenue Updates
- Cash Position Reports
Monthly- Financial Statements
- Forecast Reports
- Cash Flow Analysis
- Key Performance Metrics
- Variance Reports
- Balance Sheet Reconciliations
Annual- Operating Budgets
- Capital Budgets
- Five-Year Strategic Plans
- Five-Year Capital Expenditure Plans
- Annual Audit Preparation
QualificationsRequired- Bachelor's degree in Finance, Accounting, Business Administration, or related field.
- Minimum of 7 years of progressive hospitality finance and accounting experience.
- Minimum of 3 years in a Hotel Controller or Director of Finance role within a full-service hotel or resort environment.
- Experience leading and developing teams of four or more associates.
- Strong knowledge of hotel accounting practices, financial controls, forecasting, budgeting, and cash flow management.
- Excellent analytical, organizational, and problem-solving skills.
- Exceptional verbal and written communication abilities.
- Advanced proficiency in Microsoft Excel, Microsoft Office Suite, and hotel financial systems.
Preferred- CPA, CMA, MBA, or other related professional certification.
- Preferred Experience with Marriott-branded hotels, Autograph Collection properties, or luxury hospitality environments.
- Experience working with ownership groups, asset managers, and management companies.
- Preferred Knowledge of ProfitSword, and hotel PMS systems.
