Assistant Director of Finance, Boston

1 month ago

Boston, United States AKA Hotels+Hotel Residences Full time

AKA Hotels+Hotel Residences is seeking an Assistant Director of Finance for Hotel AKA Boston Common and the newly transformed Hotel AKA Back Bay


Located in the heart of Boston, both properties offer a unique blend of historic charm and modern luxury, providing guests with an unforgettable stay. This pivotal role involves providing strategic financial guidance to both management and ownership, while overseeing accounting functions for the hotels. Reporting to the Director of Finance, Boston, key responsibilities include overseeing the accounting team, developing and implementing robust accounting procedures, ensuring the accuracy and integrity of financial statements and maintaining organized and comprehensive records. The ideal candidate will have previous management experience in full-service hotels preferably in the Boston area, a team-oriented approach, drive for excellence and passion for hospitality.


Team Member Responsibilities:

  • Directs the production and maintenance of accounting records for payables, receivables, payroll, and other financial areas
  • Establishes and enforces proper accounting methods, policies, and procedures
  • Effectively analyze existing accounting procedures and ensure all systems and procedures are efficient and produce the desired results
  • Establish policies to ensure accounting files, records, and transactions are properly maintained in an organized manner
  • Ensure timely filing of all tax returns and payments and completion of bank reconciliations Coordinate and assist in completion of audits from both public accounting firms and state agencies
  • Closely monitor the financial performance of all departments to ensure that they stay in line with budget: providing solutions to improve problem areas, and assisting in implementing corrective measures Implements and adheres to generally accepted accounting principles (GAAP) and uniform system of accounts for the lodging industry (USALI) within the department
  • Assign projects and responsibilities to direct reports to ensure the departments goals and strategies are achieved timely
  • Assist with accounting department human resource objectives through recruiting. Interviewing, training, mentoring, and communicating job expectations
  • Review and approve monthly reconciliations of balance sheet accounts
  • Produces and oversees the production of financial reports and statements for internal and external uses Directs and coordinates the annual budget process for both financial and capital projects
  • Prepare detailed, rolling financial projections required for property and communicates any potential cash needs well In advance
  • Work on multiple projects, with varying priority levels, and meet the agreed upon schedules and objectives
  • Assist in oversight of loan compliance with debt covenants and reporting requirements Support superiors with Investor and lender relations and requests
  • Assist all departments within the organization which includes and is not limited to executive, Investment. payroll, information technology, sales, revenue management, and operational team members
  • Have strong understanding of PMS and POS systems and ensure financial integrity and reporting is maintained
  • Establish and audit internal financial controls at property, including purchasing, cash handling and disbursements, Inventories, hotel equipment, master keys, and associate time records etc.
  • Oversee contracts and agreements, and assist hotel management in maintaining licenses, permits, insurance and contracts


Required Skills & Qualifications:

  • Bachelor's degree in finance, Accounting, or related field (MBA/CFA preferred).
  • Previous experience in the Assistant Director of Finance or Accounting Manager role
  • Experience in boutique luxury hotels is highly preferred
  • Outstanding communication skills, both verbal and written.
  • High attention to detail and accuracy as well as strong analytical skills and computational abilities.
  • Possess the ability to multi-task, prioritize projects, and manage time efficiently and effectively
  • Computer skills and detailed knowledge of various computer programs, including but not limited to Microsoft Excel, Word and PowerPoint.
  • Desire to participate as part of a team with opportunities to learn, grow, and develop.
  • Must be able to speak, read, write and understand English


Our Team Members enjoy very generous PTO; Health; Dental; Vision and 401(k) benefit plans. We recognize and promote top performers because we know that our success is due to your achievements.


AKA Hotels + Hotel Residences is a part of Korman Communities, a family owned and operated company, we consider our Team Members the most important asset. With over 100 years of history and experience behind us we’re always looking for Team Members ready to join our family. Grow with us

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