City, State:Montgomery, Texas
Title:Director of Finance
Location: Montgomery, TexasFLSA:Exempt
Status: Full-time
Reports to: General Manager/Corporate Accounting Department
Supervises:Property Accounting Department
Pay Range:$130k-$160k + 20% Incentive Potential
Job Summary: The Director of Finance oversees the hotel's financial operations, providing management with accurate, timely, and relevant financial data. This role manages accounting functions, supervises financial staff, and ensures compliance with fiscal policies while supporting the hotel's financial decision-making processes.
Essential Functions and Duties:- Supervise the financial department, including accounts receivable, accounts payable, auditing, payroll, and general accounting.
- Plan and implement financial procedures and systems to ensure accuracy and compliance.
- Approve all hotel purchases within budgetary guidelines.
- Prepare financial analyses of hotel operations and manage labor and expense forecasting.
- Oversee all hotel cash handling operations and ensure proper procedures are followed.
- Prepare reports outlining the hotel's financial position, including income, expenses, and earnings.
- Monitor property inventories to maintain optimal levels without straining cash flow.
- Train management and supervisory staff to read and interpret financial documents such as budgets and P&L statements.
- Manage the HR process for the hotel, ensuring proper filing of new hire paperwork, benefits, and disciplinary actions.
- Prepare budgets, financial forecasts, variance reports, and P&L statements.
- Ensure compliance with tax regulations, prepare government reports, and address inquiries from agencies like the IRS.
- Coordinate and arrange audits of hotel accounts and reconcile all operating bank accounts.
Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential duties.
Required Experience, Education, and Skills: - Bachelor's degree in Accounting, Finance, or a related field (preferred).
- 5+ years of experience in financial management, preferably within the hospitality industry.
- Strong knowledge of accounting principles, financial analysis, and reporting.
- Proficiency in financial software, accounting systems, and Microsoft Office (especially Excel).
- Excellent communication and leadership skills for managing accounting staff and training management teams on fiscal responsibilities.
- Experience in budgeting, forecasting, and variance analysis.
- Ability to manage audits, tax filings, and government reports.
- Strong problem-solving and decision-making skills.
- Ability to handle confidential financial information with discretion.
- Flexible availability, including evenings, weekends, and holidays as required.
Work Environment: - Primarily an office-based role, requiring extensive use of computers and financial software.
- Must be able to sit for extended periods while performing tasks such as data entry, financial analysis, and report generation.
- Minimal to moderate noise levels typical of an office environment.
- Flexible schedule, with availability for evenings, weekends, and holidays as needed to meet financial deadlines or attend management meetings.
- Occasional need to lift and carry objects up to 10 lbs.
Other Duties: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the team member for this job. Duties, responsibilities, and activities may change at any time with or without notice.
