Director of Finance

5 days ago

Los Angeles, California, United States Hyatt House Hyatt Place LAX Century Blvd Full time

Join the dynamic team at the dual branded Hyatt Place Hyatt House LAX/Century Blvd. Our 400 room hotel is located less than a mile from LAX Airport and less than four miles from SoFi Stadium, you are in the heart of it at all at Hyatt Place Hyatt House LAX/Century Blvd.

Job Summary

The Director of Finance is responsible for all activities related to budgeting, forecasting, profit and loss reporting, and account reconciliation for operating and balance sheet accounts for our hotel location. This role directly oversees all accounting activities related to income auditing, cashiering, accounts payable processing, accounts receivable collection, tax compliance, payroll and month end processing. This position is a high-profile Executive Committee position.

Job Duties & Functions

Verifies the accuracy and timeliness of all finance functions: daily and month end reporting, payroll processing, income audit, accounts payable, accounts receivable, and cash and credit card management
Completes comprehensive month end close to include preparing journal entries and accruals, completing cost of sales entries, reconciling balance sheet accounts, ensuring proper tax reporting and analyzing profit performance
Develop and Achieve Financial Goals
Creates the annual operating plan that is aligned with the company's strategic direction
Provides analytical tools and support to department heads during budget preparation
Leads the sales and operations team in creating accurate monthly forecasts that allow the team to react to changes in business levels
Implements and upholds business practices that positively support our obsession with having sales driven culture
Ensures monthly P&Ls reflect accurate revenues, expenses and cost of sales calculations
Analyzes daily, monthly variances between actual, forecasted and budgeted performance
Advises GM and executive team on existing and upcoming financial and operational issues
Analyzes financial data and operational and market trends to identify opportunities for improvement
Leads the property in developing and maintaining a strong labor culture that maximizes productivity performance
Facilitates monthly P&L reviews to uncover challenges, opportunities and trends
Manages capital expense budget and reconciles expenditures monthly
Ensures strong accounting and operational controls to safeguard assets and maximize profits
Oversees internal and city audit processes
Manages the accurate collection, posting and reconciliation of occupancy taxes, sales taxes and transient marketing district (TMD)fees
Reconciles balance sheet accounts monthly and ensures totals are supported by appropriate documentation
Provides continuous direction to and education of the operational team in all areas related to finance, financial reports, internal controls, labor management, payroll, month end reconciliation, P&L performance, etc.
Fosters strong professional relationships with the entire management group by providing direct counsel and feedback that positively impacts the performance of the business and sharpens the financial acumen of the team
Conducts ongoing coaching and annual reviews to influence positive team development
Education & ExperiencePossess a 4-year Bachelor Degree in Finance/Accounting and a minimum of 5 years of experience in a finance leadership position or a 5+ year history of progressive career growth in hotel finance (or in a similar industry)
Experience with budgeting, forecasting, profit and loss reporting and balancing ledgers for operating and balance sheet accounts
Aptitude for performing numerical analysis of data and formulating conclusions and/or solutions
Ability to use logic to define a problem, collect information, establish facts, draw valid conclusions, interpret information and deal with abstract variables for unique or unfamiliar situations
Proven leadership and coaching skills with a track record of developing a highly motivated and cross trained group of progressive accounting professionals
Ability to clearly and concisely present technical subjects
Must possess strong oral and written communication skills and the ability to conduct effective group meetings and presentations
Ability to comprehend and use technical or professional language, either written or spoken, to communicate complex ideas
Superior Computer skills: Microsoft Office, POS/PMS systems, and the ability to create, maintain and analyze data in Excel spreadsheets
Ability to work a varied schedule, including days, evenings, weekends, holidays, and extended hours, based on business needs
Supervises and leads the professional development a dynamic finance team
Demonstrate Leadership and Strategic Decision Making
Thinks creatively and practically to develop, execute and implement business strategies
Utilizes effective interpersonal and communication skills to lead, influence and drive the performance of others
Leads by example by demonstrating honesty and integrity in all business and personnel decisions
Leverages strong financial and operational leadership skills to guide the executive team, influence property focus areas and to lead own department
Communicates complex financial concepts and expectations in a clear manner that drive results
Maintains peak performance levels under pressure and in a dynamic work environment
Benefits Medical insurance for you and your qualifying family provided at no-cost, in addition to low cost options for dental, vision, flex spending, disability and life insurance coverage.
Cell phone reimbursement.
Paid vacation, sick, and holiday time.
Discounted room nights world-wide.
401(k) Plan with Employer Match
Be a part of something bigger. Enjoy life every day. Make a difference in the lives of those around you. Love where you work. Join a company that values respect, integrity, Inclusion, empathy, experimentation and wellbeing. Source: Hospitality Online

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