Director of Finance

7 days ago

Washington, United States Crescent Hotels & Resorts Full time
Director of Finance Job Description

Crescent Hotels & Resorts is seeking a highly skilled and experienced Director of Finance to join our team. As a key member of our leadership team, you will be responsible for providing strategic financial guidance and leadership to our hotel operations.

Key Responsibilities:
  • Evaluate the financial impact of business decisions and ensure that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.
  • Effectively manage and communicate cash flow related issues, as required to management and ownership, including the accurate and timely preparation of cash-flow statements, management of receivables, cash balances, control mechanisms, and timely deposits of all funds.
  • Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Crescent Hotels & Resorts established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
  • Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support, and monitoring the bid process, and evaluating scope of work and specifications.
  • Ensure hotels' compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items.
  • Coordinate the completion of all forecasts and budgets as required, with the full and active participation of management team.
  • Analyze financial data and operations in order to assist and advise management in maintaining the hotels' financial objectives.
  • Ensure that all balance sheet accounts, including bank reconciliations, are reconciled on a timely basis.
  • Establish and continually audit all internal financial controls, including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
  • Embrace a continuous growth environment by actively hiring professional staff and assisting in recruiting, reviewing, recommending, and maintaining an inventory of qualified and promotable Associates that can potentially become Controllers, Assistant Controllers, Accounting Managers, and other managers for the organization.
  • Continually focus on training and development programs for finance associates to cultivate the "brightest" and "best" talent within the industry.
  • Hire, train, supervise, and develop staff, including coaching, counseling, and discipline.
  • Maintain compliance with Crescent Hotels & Resorts standards and regulations to ensure safe and efficient operation of the hotel.
  • Ensure proper utilization, maintenance, and periodic upgrades of all IT systems and equipment.
  • Direct and/or prepare all financial reports in accordance with CHR requirements, meeting various due dates and deadlines.
  • Review and submit a Daily Revenue Report.
  • Ensure timely deposit of all cash and transmission of Credit Cards.
  • Review Labor Report for overtime and any variance to Forecast.
  • Review departmental Checkbooks and advise of any needed changes.
  • Distribute and discuss weekly G/L report with department managers.
  • Update GM on any unfavorable financial issues impacting the month.
  • Ensure there is sufficient cash to meet all scheduled obligations.
  • Reconcile Balance Sheet with proper back-up.
  • Ensure that all banks are counted.
  • Count the main vault.
  • Review "Key Financial Controls" Checklist to ensure adherence and compliance.
  • Review actual numbers to forecast to find discrepancies in forecasting to improve accuracy in future months.
  • Participate in the monthly Credit Meeting.
  • Actively participate, complete, and review the forecast with Department Heads prior to submission.
  • Perform any other job-related duties as assigned.
Requirements:
  • A minimum of 8 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 4 years of related progressive experience; or a 2-year college degree and a minimum of 6 years of related progressive experience.
  • Excellent computer skills.
  • Communication skills both verbal and written.
  • Excellent leadership skills.

Crescent Hotels & Resorts is an equal opportunity employer and welcomes applications from diverse candidates. If you are a motivated and experienced professional looking for a new challenge, please submit your application.

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