Finance Manager

4 weeks ago

Honolulu HI, United States Hawaii Growth - Honolulu Full time

Highgate Hotels:
Highgate is a premier real estate investment and hospitality management company widely recognized as an innovator in the industry. S. gateway markets including New York, Boston, Miami, San Francisco and Honolulu, with a rapidly expanding presence in Europe, Latin America, and the Caribbean. Highgates portfolio of global properties represents an aggregate asset value exceeding $20B and generates over $5B in cumulative revenues. The company provides expert guidance through all stages of the hospitality property cycle, from planning and development through recapitalization or disposition. Highgate also has the creativity and bandwidth to develop bespoke hotel brands and utilizes industry-leading proprietary revenue management tools that identify and predict evolving market dynamics to drive out performance and maximize asset value. With an executive team consisting of some of the industrys most experienced hotel management leaders, the company is a trusted partner for top ownership groups and major hotel brands. The Complex Director of Financing is responsible for providing consistent leadership in the financial area of the hotel by focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring compliance with all federal, state, and local regulations and Highgate Hotels s Standard Operating Procedures; and safeguarding owners/investors assets.

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 Highgate Hotels established guidelines. Monitors and controls Hotels cash flow and operating forecast.
Creates annual budgets and monthly variance analysis. 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.
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 Highgate 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.
Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates
Financial Statements, Forecasting Key Statistics Report, Cash Flow
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 report.
Executes other special projects and responsibilities as assigned.

At least 5 or more years of Hospitality Finance/Accounting experience.
Prior Control or Director of Finance experience, preferably at a premium-branded Hotel.
Bachelors degree required preferably in Finance or Accounting.
Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems.
Attend all hotel required meetings and trainings.
Maintain regular attendance in compliance with Highgate Hotels Standards, as required by scheduling, which will vary according to the needs of the hotel.
Comply with Highgate Hotels Standards and regulations to encourage safe and efficient hotel operations.
Must be able to understand and evaluate complex information, data, etc.

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