Finance Director

5 hours ago


San Francisco California, United States Hyatt Centric Fisherman`s Wharf Full time
Director of Finance Job Summary

The Director of Finance at Hyatt Centric Fisherman's Wharf is a key member of the executive team, responsible for overseeing all financial activities related to budgeting, forecasting, profit and loss reporting, and account reconciliation. This role requires a strong leader who can drive financial performance, manage a team of accounting professionals, and provide strategic guidance to the hotel's operations.

Responsibilities:
  • Verify the accuracy and timeliness of all finance functions, including daily and month-end reporting, payroll processing, income audit, accounts payable, accounts receivable, and cash and credit card management.
  • Complete comprehensive month-end close, including preparing journal entries and accruals, completing cost of sales entries, reconciling balance sheet accounts, and ensuring proper tax reporting and analyzing profit performance.
  • Develop and achieve financial goals, including creating the annual operating plan aligned with the company's strategic direction, providing analytical tools and support to department heads during budget preparation, and leading the sales and operations team in creating accurate monthly forecasts.
  • Implement and uphold business practices that positively support the hotel's sales-driven culture, ensuring monthly P&Ls reflect accurate revenues, expenses, and cost of sales calculations, analyzing daily and monthly variances between actual and forecasted performance, and advising the GM and executive team on existing and upcoming financial and operational issues.
  • Lead the property in developing and maintaining a strong labor culture that maximizes productivity and performance, facilitating monthly P&L reviews to uncover challenges, opportunities, and trends, managing capital expense budget and reconciling expenditures monthly, and ensuring strong accounting and operational controls to safeguard assets and maximize profits.
  • Oversee internal and city audit processes, manage the accurate collection, posting, and reconciliation of occupancy taxes, sales taxes, and transient marketing district fees, and reconcile balance sheet accounts monthly and ensure totals are supported by appropriate documentation.
  • Provide continuous direction and education to the operational team in all areas related to finance, financial reports, internal controls, labor management, payroll, month-end reconciliation, P&L performance, and other related areas.
  • Foster 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, conduct ongoing coaching and annual reviews to influence positive team development, cross-train team members to support successful department operations, set high standards for performance and hold the team accountable for results, and support and bring to life the property's core values and service culture.

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