Lotte Hotel Guam Looking for Director of Finance at Barrigada, GU Full Time

Overview:

The Director of Finance is responsible for providing consistent leadership in all aspects of Finance and Accounting by focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels on internal control; ensuring compliance with all federal, state, and local regulations and safeguarding owners/investors assets.

Qualifications:

• Must have a minimum of four years experience as a Director of Finance, preferably at a premium-branded Hotel or Resort.
• At least 8 or more years of Hospitality Finance/Accounting experience.
• Excellent verbal, written communication and training skills
• Bachelor’s degree required preferably in Finance or Accounting.
• Responsible for supervising 8 or more employees
• Must be proficient in Excel and Hotel specific software including SAP, ProfitSage, LMS-Unifocus, OPERA
• Must be able to work in a highly entrepreneurial environment

Responsibilities:

• Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of monthly financial statements for the property: cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.
• Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Lotte Hotels established guidelines. Monitors and controls Hotel’s cash flow and operating forecast.
• Establishes and refines all accounting and finance related SOP’s
• Coordinates all Corporate/HQ related reports in a timely and accurate fashion
• Creates annual budgets and monthly variance analysis. Investigates and critiques variances to budget or to prior year and offer practical improvement methodologies to management.
• 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.
• Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives.
• Spearheads all efforts to maximize labor controls and efficiencies
• Complies with Standard Accounting policies and procedures and internal controls for finance and accounting operations
• Timely reviews and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
• Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
• Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.
• Hire, train, supervise and develop staff, including coaching, counseling and discipline.
• Maintain compliance with Lotte Hotels standards and regulations to ensure safe and efficient operation of the hotel.
• Directs or prepares all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines, i.e:

• Weekly: A/R & A/P Aging, Daily Revenue and Payroll Reports, Revenue Updates
• Monthly: Financial Statements, Forecasting KPI Report, Cash Flow
• Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
• Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times.
• Monitor hotels’ compliance in meeting required report deadlines and due dates and react accordingly.
• Monitor the accurate production of the hotel daily operating revenue/payroll report.
• Executes other special projects and responsibilities as assigned.

Job Type: Full-time

Pay: $55,000.00 – $65,000.00 per year

Benefits:

• 401(k)
• Employee discount
• Health insurance

Physical setting:

• Office

Schedule:

• Monday to Friday

Ability to commute/relocate:

• Barrigada, GU 96913: Reliably commute or planning to relocate before starting work (Required)

Education:

• Bachelor’s (Required)

Experience:

• Accounting: 8 years (Required)

Work Location: One location