Director of Finance - hotel industry (multiple roles open)
- The Director of Finance is responsible for providing ethical and consistent leadership in the financial area of the hotel by supplying management with guidance, training, support and is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal controls, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets.
- Evaluate the financial impact on business decisions.
- Ensure that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.
- Effectively manage and communicate cash flow related issues, as required to management and ownership. This includes the accurate and timely preparation of cash-flow statements, management of receivables, cash balances, control mechanisms and timely deposits of all funds.
- Monitor hotel revenues and expenses and ensure the accurate recording in accordance with established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
- Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support and monitoring the bid process, and evaluating scope of work and specifications.
- Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items.
- Coordinate the completion of all forecasts and budgets as required, with the full and active participation of management team.
- Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives.
- Ensure that all balance sheet accounts, including bank reconciliations are reconciled on a timely basis.
- Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
- Continually focus on training and development programs for finance associates to cultivate the “brightest” and “best” talent within the industry.
- Hire, train, supervise and develop staff, including coaching, counseling and discipline.
- Maintain compliance with standards and regulations to ensure safe and efficient operation of the hotel.
- Ensure proper utilization, maintenance and periodic upgrades of all IT systems and equipment.
- Direct and/or prepare all financial reports in accordance with CHR requirements meeting various due dates and deadlines.
- Review and submit a Daily Revenue Report.
- Ensure timely deposit of all cash and transmission of Credit Cards.
- Review Labor Report for overtime and any variance to Forecast.
- Review departmental Checkbooks and advise of any needed changes.
- Distribute and discuss weekly G/L report with department managers.
- Update GM on any unfavorable financial issues impacting the month.
- Ensure there is sufficient cash to meet all scheduled obligations.
- Reconcile Balance Sheet with proper back up.
- Review “Key Financial Controls” Checklist to ensure adherence and compliance.
- Review actual numbers to forecast to find discrepancies in forecasting to improve accuracy in future months.
- Participate in the monthly Credit Meeting.
- Actively participate, complete and review the forecast with Department Heads prior to submission.
- 5+ years of experience in hotel accounting
- ADOF or DOF training required
- Sheraton or Westin brands preferred
- BS Degree is preferred but not absolutely required (in lieu of hotel finance experience)
- Strong PMS/property systems required
- M3, ProfitSword preferred
- MS Excel skills
- Some management training is required
- Sense of ownership, an operational knack for success and an eye for numbers
- Sound, sensible management/leadership skills and attitude
- Should hold a sense of accountability to owners, asset management and operator
- $100,000-$145,000 base salary (completely depending on experience)
- Up to 35% target bonus for both roles
- Excellent benefits, 401k, PTO etc.
- Relocation available
Recommended Jobs
Traveling Superintendent
Job Description Job Description Traveling Superintendent Location: Nationwide Travel (Primarily Midwest, East Coast, and Pacific Northwest) Employment Type: Full-Time About Us: A premier p…
Local Truck Driver
it's what's inside that counts _______________________________ Now Offering a $5,000 Sign-On Bonus! There’s more to CMC than our products and the buildings, structures, and roads they go into. …
Audiologist - Casual, Days
The salary range for this position is $40.79 - $55.07 (Hourly Rate) Placement within the salary range is dependent on several factors such as relevant work experience and internal equity. For positi…
Cyber Security Analyst II (SOC Tier II)
About us: RKON is an ISO 27001 and AICPA SOC 2 Type II certified company that specializes in providing IT migration and transformation services for the mergers and acquisition market. RKON is lookin…
Receptionist - Northbrook Inn
Who You Are: You enjoy providing outstanding customer service. Receptionists are responsible for greeting residents and the public, answering phones, and managing various office functions. Essent…
Preschool Director
Job Description Our organization prides itself on excellence, putting the education and development of our children first and foremost. When you consider a career at Learning Care Group, know yo…
STORE DISPLAY COORDINATOR
STORE DISPLAY COORDINATOR Location Chicago, IL : 100% TRAVELING POSITION - CAN BE BASED ANYWHERE! General Summary: Store Display Coordinator leads a project team of 8 - 20 people and is responsible f…
Registered Nurse Internal Agency Emergency Departments Only Full-time Nights
The salary range for this position is $39.00 - $62.40 (Hourly Rate) Placement within the salary range is dependent on several factors such as relevant work experience and internal equity. For positi…
Associate Marketing Manager, Retail
About Us Dyson is a global technology enterprise. We’re growing fast and our ambition is huge – more categories, more locations and more people. Dyson launched in the US in 2002, and since then op…
Staff Nurse (Registered Nurse/License Practical Nurse)
Job Description Job Description JOB SUMMARY ~ Responsible to provide direct nursing care to the customer, and to supervise the day-to- day nursing activities performed by the nursing assistan…