A Director of Finance is responsible for the hotel’s long-term financial health and growth. They establish strategies that will improve profitability, oversee accounting operations, produce accurate reports on expenditures within the business and improve or change current practices to increase efficiencies.
Extensive experience in the hospitality sector is a prerequisite for this position.
Essential job functions:
Effectively manage and communicate cash flow related issues, as required to management and ownership.
Coordinate the completion of all forecasts and budgets as required, with the full and active participation of Executive Team and department managers.
Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives.
Ensure that all balance sheet accounts are reconciled on a timely basis.
Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, assets, master keys, payroll, and records.
Direct and/or prepare all financial reports in accordance with the company’s requirements meeting various due dates and deadlines.
Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.
Requirements:
A bachelor’s degree in finance, accounting, or a related discipline required/ Master’s degrees in business or finance (preferred).
At least 5 years’ experience as Controller, Director of Finance or Assistant Director of Finance.
Prior experience in the hotel industry at the luxury level.
Extensive experience with accounting software; good overall information technology experience; proven history in financial management; good analytical skills.
Must have the ability to assimilate complex information, data, etc., from disparate sources and consider, adjust or modify to meet the constraints of the particular need.
Must be effective at listening to, understanding, and clarifying concerns and issues.
Must be able to work with and understand financial information and data, and basic arithmetic functions.
Must be able to prioritize in order to meet due dates and deadlines.
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