Director of Finance
2 weeks ago
Are you an experienced finance professional seeking an exciting leadership role in the hospitality industry? We are currently seeking a highly qualified Director of Finance to join our dynamic team.
As the Director of Finance, you will play a pivotal role in overseeing and managing all financial aspects of our hotel operations.
This Executive Level position will oversee all aspects of the Finance/Accounting Department in a centralized environment.The Director of Finance will report directly to the General Manager and will act as a mentor, deeply involved in the day-to-day operations of the hotel and the department.
Responsibilities:
- 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 the Executive Team and department managers.
- Analyze financial data and operations to assist and advise management in maintaining the hotel's financial objectives.
- Ensure that all balance sheet accounts are reconciled on a timely basis.
- Develop and implement financial strategies, policies, and procedures to ensure the effective management and control of financial resources.
- 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.
- Conduct regular financial analysis and provide insights on revenue generation, cost control, and profitability enhancement.
- Collaborate with department heads to identify and implement cost-saving initiatives without compromising quality and guest satisfaction.
- Maintain strong relationships with external stakeholders, including auditors, banks, and financial institutions.
- Ensure hotel compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.
- Minimum of 5 years of progressive experience in finance or accounting roles, preferably within the hospitality industry.
- Bachelor's or Graduate degree with a concentration in Business Administration, Accounting, or Finance.
- 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 able to work with and understand financial information and data, and basic arithmetic functions.
- Must be able to prioritize to meet due dates and deadlines.
- Proven track record of financial leadership and strategic decision-making.
- Strong knowledge of financial principles, budgeting, forecasting, and cost control.
- Excellent interpersonal, communication, and leadership skills.
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