Director of Finance

Sonesta International Hotels   •  

Philadelphia, PA

5 - 7 years

Posted 239 days ago

This job is no longer available.

Job Description Summary

Direct thefinancial operations of the hotel to ensure thesecurityof the assets of the company in a decentralized accounting environment.

Job Description

  • Manage day-to-day operations and assignments of hotel Accounting staff, plan and organize work, communicate goals, and schedule/assign work.  Advise staff of formal policies and procedures, identifying options and resolving issues.  Recommend and/or initiate salary, disciplinary, or other staffing-related actions in accordance with company rules and policies.  Alert management of potentially serious issues.
  • Ensure all staff are properly trained and have the tools and equipment needed to effectively carry out their job functions.
  • Manage receivables, payables, credit, payroll and cash handling functions with the accounting department.  Implement and maintain acceptable accounting practices and procedures as required by company policy and procedures, generally accepted accounting practices, and as effected by local conditions.
  • Prepare financial analyses of hotel operations including variance explanation and make recommendations to ensure the achievement of business goals/targets.
  • Use financial analysis, data trends and market information to anticipate needs, identify operating/financial issues, and recommend actions to maximize financial return. Highlight trends that are likely to shape the wants and needs of internal and external customers of the future; lead the organization in exploring business opportunities that create value for the customer while driving profit.
  • Develop and implement financial control procedures and systems; ensure compliance to “internal Control Checkup”; maintain documents for audits of hotel accounts; ensure compliance with government regulations; federal, state and local laws; and contractual agreements.  Independently comply with record retention requirements.
  • Create the annual operating budget for the property and provide analytical support during budget reviews to identify cost saving and productivity opportunities for property managers
  • Analyze ROI capital projects prior to committing funds and upon completion determine if anticipated results were achieved.
  • Maximize cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances.
  • Enforce, document and establish adequate controls for all revenue and expenses and protection of assets, and ensures controls will satisfy or improve the level of guest service.
  • Serve as member of Executive Committee/Management Team, and work with other management personnel to establish and implement hotel service standards to achieve maximum profitability and efficiency.
  • Respond quickly to guest requests in a friendly manner.  Follow up to ensure guest satisfaction.
  • Distribute outlook and forecast information as an up to date management tool for operating departments
  • Participate in local recognized professional and industry organizations
  • Review rates and recommends rate strategy to the General Manager; participates in sales strategy meetings
  • Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items
  • Ensure all accounts are reconciled on monthly basis, review and approve those reconciliation’s
  • Promote teamwork and quality service through daily communication and coordination with other departments.  Key departmental contacts include hotel department heads in all departments, and Regional Controller to obtain/provide information. Interact with outside contacts:
    • Guests – to provide service, send bills and collect payment
    • Vendors – to pay bills or discuss pricing or billing issues; to ensure proof of insurance
    • Accounting staff – to coordinate financial/accounting information, budget preparation, clarify issues and resolve problems.
    • Regulatory agencies – regarding compliance matters
    • Other contacts as needed (Professional organizations, community groups)
  • Conduct daily pre-shift meetings and departmental communication meetings.
  • May serve as “manager on duty” as required.
  • May perform additional accounting management duties such as negotiating hotel space and tenant leases; processing payroll in a decentralized environment; performing asset management duties; providing forecasting and business projections, displacement analysis, preparing government reports, filing tax returns, etc. as needed or requested.
  • May assist with other duties as assigned.

Additional Job Description

Minimum: Bachelor’s degree in Accounting, Finance or equivalent and 4-8years in hotel accounting or audit with at least one year in an Assistant Controller or similar supervisory role, or an equivalent combination of education and work-related experience.  CPApreferred.  Must speak fluent English.  Other languages preferred.

This job requires ability to perform the following:

  • Carrying or lifting items weighing up to 25 pounds
  • Communicating with other people

Other:

  • Mathematical skills, including basic math, budgeting, profit/loss concepts, percentages, and variances are utilized frequently.
  • Problem solving, reasoning, motivating, organizational and training abilities are used often.
  • Reading abilities are used often in reviewing financial analyses, budgets, and other related reports.  Writing abilities are used in compiling these financialreports, as well as to document. 
  • May be required to work nights, weekends, and/or holidays.

Benefits

Sonesta recognizes that benefits play a vital role in helping ensure the health and financialsecurity of employees and their families. We offer a variety of benefits to our employees including:

  • Health Benefits (Health & Dental Insurance)
  • 401(k) Retirement Plan
  • Vacation
  • Sonesta Hotels & Other Outlets Discounts
  • Paid Holidays
  • Sick Days
  • Educational Assistance
  • Employee Recognition Programs
  • Newborn & Adopted Child Leave
  • Spousal & Domestic Partner Leave
  • Life Insurance
  • Short Term Disability
  • Long term Disability
  • Employee Referral Program
  • Credit Union
  • Direct Deposit
  • Employee Activities & Events

Upon submitting your application, please ensure you complete a full application in addition to attaching a resume. Incomplete applications received will not be considered.