Director of Finance
1 week ago
Job Type
Full-time
Description
The Director of Finance is a key member of the hotel's executive leadership team, responsible for overseeing all financial operations of Hotel Indigo Williamsburg. This role ensures the integrity of financial reporting, compliance with brand and regulatory standards, and provides strategic financial guidance to support operational excellence and profitability.
The ideal candidate brings strong hospitality financial leadership experience, hands-on operational knowledge, and the ability to partner effectively with hotel leadership in a fast-paced, boutique hotel environment.
Key Responsibilities
Financial Leadership & Strategy
- Serve as the primary financial advisor to the General Manager and ownership
- Develop and execute annual operating and capital budgets
- Prepare accurate monthly forecasts and long-range financial plans
- Analyze financial performance and recommend strategies to improve profitability
- Lead cash flow management and working capital optimization
- Oversee all accounting functions including general ledger, accounts payable/receivable, payroll, and fixed assets
- Ensure timely and accurate month-end and year-end close
- Prepare financial statements in accordance with US GAAP and IHG brand standards
- Maintain strong internal controls and compliance with all policies and procedures
- Coordinate external audits, tax filings, and lender reporting
- Partner with department heads to manage labor, expenses, and revenue optimization
- Review daily revenue reports, P&L statements, and variance analyses
- Support revenue management and pricing strategies through financial insights
- Monitor purchasing, inventory controls, and contract compliance
- Ensure compliance with federal, state, and local regulations, including New York labor laws
- Oversee insurance programs, risk management, and loss prevention controls
- Ensure adherence to IHG financial standards and brand audits
- Lead, mentor, and develop the finance and accounting team
- Foster a culture of accountability, accuracy, and continuous improvement
- Collaborate cross-functionally with hotel leadership and corporate partners
Qualifications & Experience
- Bachelor's degree in finance, Accounting, or related field (CPA or MBA preferred)
- Minimum 5-7 years of progressive financial leadership experience in hospitality
- Prior experience as Director of Finance or Assistant Director of Finance in a hotel environment preferred
- Experience with IHG systems and standards strongly preferred
- Strong knowledge of hotel accounting systems (e.g., PeopleSoft, Oracle, SAP, or similar)
- Proven experience managing budgets, forecasts, and complex financial reports
- Strong analytical, organizational, and leadership skills
- Excellent communication skills with the ability to present financial data to non-financial leaders
- Experience working in a union and/or NYC hospitality environment is a plus
- Ability to work on-site in Williamsburg, Brooklyn
- Flexibility to work extended hours during month-end, budgeting, and audit periods
- Competitive salary and bonus potential
- Comprehensive benefits package
- Opportunity to lead finance operations at a high-profile boutique hotel
- Career growth within Stepstone Hospitality Management
Stepstone Hospitality and the Hotel Indigo are Equal Opportunity Employers - EOE/M/F/D/V
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