Director of Finance

3 weeks ago

Austin, United States Downright Austin, A Renaissance Hotel Full time

**Description**:
**SUMMARY**: The Director of Finance is responsible for the hotel’s accounting and financial management functions. Managing the accounting department, procurement function, as well as AR collection. In this role, you will provide the general manager with meaningful and timely information on the status of the hotel’s performance. You will proactively assist with cost containment, revenue enhancement, profit improvement opportunities and safeguarding of the company’s assets

**RESPONSIBILITIES**:
Acts as the Executive Finance Representative on property reporting to the General Manager as well as Ownership and the Corporate Office.

Handles reporting communication with owners, corporate office, and vendors/clients as needed.

Coordinates the research of trends and builds recommendations to positively impact the hotel performance.

Drafts and prepares property Forecast of expenses and revenues, working with department heads to establish pace.

Main point of contact on property for budgets, forecast, and labor tracking.

Main point of contact in weekly labor meetings ensuring departments are on pace to budget and forecast and any variances can be justified.

Protects the assets of the hotel.

Provides timely and accurate data on which to make decisions.

Provides timely accurate and meaningful financial statements to owners and management.

Ensures proper controls are in place and monitors such controls.

Ensures the various areas of responsibility of the Controller are operating effectively and efficiently.

Ensures the controls are minimizing losses and maximizing profits by retaining revenues, reducing expenses, and safeguarding hotel assets.

Process returned checks through Ledger and complete check requisition to reimburse bank. Send all returned checks that do not have valid credit card approval to collections immediately.

Answer any guest questions/research.

Post all charges, rebates, etc.

Maintain direct bills records as well as administer 10-30 day calls on outstanding accounts.

Handle credit card inquiries and chargebacks. Reconcile credit card accounts.

Keeps “open communication” between subordinates, peers, and associates.

If available, trains associates in the Accounting department how to perform their job duties to the best of their abilities while in accordance with established objectives, policies, and procedures.

Administers and maintains accurate records of necessary federal, state, and local reports as required by the applicable laws, franchise SOPs, and Concord/local SOPs.

Responsible for generating end of period reports on a timely basis.

Responsible for general office duties.

Conducts self to reflect the high standards of professionalism within the Concord Hospitality organization.

Learns, understands, and refers to the Standard Operating Procedures.

Follows safety and security procedures and rules.

Each associate will be required to follow the rules as found in the Concord Hospitality Associate Handbook.

**Benefits**

We offer competitive wages. Full-time associates are eligible to participate in a comprehensive benefit package, which includes medical/dental/vision plans, life insurance, ST/LT disability options, 401K options, tuition assistance, discounted room rates at Concord managed hotels, plus training & development and career advancement opportunities.

**Why Concord?**

Our culture is based on our five Cornerstones and they are what we consider our foundation: Quality, Integrity, Community, Profitability, and Fun. It’s important to us to provide a great work environment for our associates and we strive to hire the BEST associates in the market.

Our “Associate First” culture supports and inspires personal development both within the workplace and beyond. Concord’s associates are what our company is built on, and we strive to recognize them for their hard work, dedication, and commitment to excellence. We value work life balance, diversity, and our commitment to provide the best customer service and quality accommodations in every market we exist.

Pay Range: $112,872 - $141,090

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