Director of Finance

2 days ago


Cleveland OH United States Crescent Hospitality Corporation Full time
Crescent Hospitality Corporation - Director of Finance - Cleveland, Ohio

The luxurious Hotel Cleveland Marriott is seeking an experienced leader to fill the position of Director of Finance. Crescent Hotels and Resorts is the industry leader in hotel management and we proudly offer robust compensation and benefits packages along with a career path for our associates which celebrates their success.

The Director of Finance is responsible for providing ethical and consistent leadership in the financial area of the hotel by supplying management with guidance, training, and support. This role focuses on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal controls, compliance with all regulations, and safeguarding owners/investors assets.

What will you be doing?
  1. Evaluate the financial impact on business decisions.
  2. Ensure that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.
  3. Effectively manage and communicate cash flow related issues, including the accurate and timely preparation of cash-flow statements, management of receivables, cash balances, and timely deposits of all funds.
  4. Monitor hotel revenues and expenses and ensure accurate recording in accordance with established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
  5. Monitor the capital planning process by assisting management with calculation of return on capital improvements and evaluating scope of work and specifications.
  6. Ensure hotels' compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and operational taxes.
  7. Coordinate the completion of all forecasts and budgets with the full participation of the management team.
  8. Analyze financial data and operations to assist and advise management in maintaining financial objectives.
  9. Ensure all balance sheet accounts, including bank reconciliations, are reconciled on a timely basis.
  10. Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
  11. Embrace a continuous growth environment by actively hiring professional staff and assisting in recruiting and maintaining an inventory of qualified and promotable associates.

We are committed to providing you with highly competitive wages, an exceptional benefit plan for eligible associates and their families, a 401K matching program, flexible scheduling, and discounts with our Crescent managed properties in North America.

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