Area Financial Manager
4 weeks ago
The Area Financial Manager is responsible for overseeing and managing the financial and accounting operations of TPG Hotels Resorts and Marinas. This includes budgeting, financial reporting, cash management, and ensuring compliance with accounting standards and hotel policies.
Key Responsibilities
• Prepare and analyze financial statements, including Month End closing and P&L reports.
• Provide financial reports to the hotel's management and corporate office.
Budgeting and Forecasting
• Develop and maintain the hotel's annual budget.
• Monitor and compare actual financial results to budgeted figures.
• Create financial forecasts and participate in strategic planning.
• Conduct in-depth financial analysis to identify cost-saving opportunities and revenue-enhancing strategies.
Funds Management
• Manage and oversee the hotel's cash flow, ensuring funds are available for operational needs.
• Monitor daily cash receipts and disbursements.
• Utilize financial software and systems to record and track financial transactions.
Accounts Payable and Receivable
• Supervise accounts payable and receivable processes.
• Ensure timely payment to vendors and collection from customers.
Auditing and Compliance
• Collaborate with internal and external auditors to ensure compliance with financial regulations and hotel policies.
• Implement and maintain internal controls to safeguard assets.
Payroll and Tax Management
• Oversee payroll processing and tax-related matters.
• Ensure compliance with local, state, and federal tax regulations.
Team Management
• Lead and manage the finance team, including accountants and clerical staff.
• Provide guidance and training to staff members.
Requirements
Bachelor's degree in Finance, Accounting, or a related field (Master's degree preferred).
CPA (Certified Public Accountant) or CMA (Certified Management Accountant) certification is often preferred.
Several years of experience in financial management, ideally within the hospitality industry.
Strong knowledge of financial and accounting software.
Excellent analytical and problem-solving skills.
Knowledge of local and federal financial regulations.
Strong interpersonal and leadership skills.
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