Area Director of Finance

2 weeks ago

Washington, DC, United States Viceroy Washington DC Full time
Viceroy Hotels

Viceroy Hotels & Resorts inspires travelers with one-of-a-kind authentic lifestyle experiences that bring together provocative design and intuitive service in sought-after locations. A leader in modern luxury, Viceroy's vibe-led hospitality is guided by the brand promise "Remember to Live," an affirmation to create lifelong memories for each guest. As an industry leader in creativity and innovation, our hotels draw upon the diverse backgrounds and talent of our extraordinary team for optimal success.

Location

Viceroy Washington DC personifies the eclectic Logan Circle neighborhood as home to a diverse and genuine collection of artists and urban innovators. Located off the vibrant 14th Street Corridor, steps from unique shops, galleries, bars, and restaurants, Viceroy Washington DC is poised to act as a thoughtful host among the city's liveliest and artful locations.

Overview

The Area Director of Finance is responsible for providing consistent leadership in the financial area of the hotels assigned to them by focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels on internal control; ensuring compliance with all federal, state, and local regulations and Viceroy's Standard Operating Procedures; and safeguarding owners/investors assets.

Responsibilities

  • Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of monthly financial statements for the property: cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.
  • Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Highgate Hotels established guidelines. Monitors and controls Hotel's cash flow and operating forecast.
  • Creates annual budgets and monthly variance analysis. Investigates and critiques variances to budget or to prior year and offer practical improvement methodologies to management.
  • 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.
  • Analyze financial data and operations in order to assist and advise management in maintaining the hotels' financial objectives.
  • Complies with Standard Accounting policies and procedures and internal controls for finance and accounting operations
  • Timely reviews and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
  • Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
  • Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.
  • Hire, train, supervise and develop staff, including coaching, counseling and discipline.
  • Maintain compliance with Highgate Hotels' standards and regulations to ensure safe and efficient operation of the hotel.
  • Directs or prepares all financial reports in accordance with Highgate Hotels' requirements, meeting various due dates and deadlines, i.e:
    • Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates
    • Monthly: Financial Statements, Forecasting Key Statistics Report, Cash Flow
    • Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
  • Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times.
  • Monitor hotels' compliance in meeting required report deadlines and due dates and react accordingly.
  • Monitor the accurate production of the hotel daily operating report.
  • Executes other special projects and responsibilities as assigned.
Qualifications
  • At least 5 or more years of Hospitality Finance/Accounting experience.
  • Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel.
  • Expereince overseeing mutiple hotels at one time.
  • Excellent verbal and written communication skills.
  • Bachelor's degree required preferably in Finance or Accounting.
  • Must supervise 2 or more employees
  • Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems.

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