Assisant Director of Finance- St. Louis

1 week ago

St Louis, Missouri, United States Magnolia St. Louis Full time
Overview

Join Our Hospitality Team at the Magnolia Hotel 

Are you ready to take your finance career to the next level? Magnolia Hotels is seeking an ambitious and driven Assistant Director of Finance to oversee the financial heartbeat of our iconic properties in St. Louis and Omaha. This is not your typical back-office role — this is your chance to make a real impact across two vibrant markets, support dynamic hotel teams, and play a key part in shaping the financial future of our brand.

If you're energized by numbers, passionate about hospitality, and thrive in a leadership role where every day brings new challenges and opportunities, we want to meet you.

This position supervises and directs the financial activities, safeguards the assets, and prepares all financial reports in accordance with Generally Accepted Accounting Principles (GAAP). This role adds value and will serve as a financial advisor to Management and Ownership.

Responsibilities
Financial Operations & Reporting

  • Oversee daily accounting functions for both properties, ensuring accuracy, timeliness, and adherence to company standards.

  • Prepare, review, and analyze monthly financial statements, P&L reports, balance sheets, and operational metrics.

  • Support the month-end and year-end close processes, ensuring deadlines and compliance requirements are consistently met.

  • Monitor and reconcile general ledger accounts, bank statements, and revenue reports.

Budgeting & Forecasting

  • Assist in preparing annual budgets for both St. Louis and Omaha properties.

  • Lead ongoing forecasting processes, partnering with department heads to ensure accuracy and operational alignment.

  • Analyze business trends, variances, and financial performance to provide actionable insights.

Internal Controls & Compliance

  • Maintain effective internal control systems across both locations, ensuring compliance with corporate policies and standard operating procedures.

  • Support audits, including internal, external, and tax audits; ensure timely responses and corrective actions.

  • Monitor adherence to GAAP and hospitality financial best practices.

Cash Management & Receivables/Payables

  • Oversee accounts receivable, accounts payable, payroll review, and cash handling procedures.

  • Ensure proper coding, documentation, and processing of financial transactions.

  • Review credit applications, billing, and collections to minimize financial risk.

Leadership & Team Collaboration

  • Provide guidance and support to property-level accounting teams.

  • Partner with General Managers, Operations, Sales, and other department heads to drive financial accountability.

  • Serve as acting Director of Finance during absences when needed.

Qualifications
Education & Experience

  • Bachelor's degree in Accounting, Finance, or related field required.

  • Minimum 3–5 years of progressive accounting or finance experience, preferably in the hospitality industry.

  • Multi-property or regional experience strongly preferred.

  • Experience with hotel accounting systems (e.g., M3, Opera, Marriott Systems, Oracle, SAGE) is a plus.

Skills & Competencies

  • Strong knowledge of GAAP and hospitality financial standards.

  • Exceptional analytical, problem-solving, and organizational skills.

  • Ability to manage competing deadlines across multiple locations.

  • Excellent communication and interpersonal abilities.

  • High proficiency with Excel and financial reporting tools.

Work Environment & Travel

  • Primary work may be based in either St. Louis or Omaha, with travel between both properties required.

  • Occasional extended hours during month-end, budget season, or special projects

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