Director of Finance

Job Description

This role requires a seasoned professional with extensive accounting experience in managing hotel finances including food and beverage, excellent attention to detail, and strong communication skills.

Key Responsibilities:

• Financial Management:
• Manage all budgeting, forecasting, profit and loss reporting, and account reconciliation for operating and balance sheet accounts.
• Ensure the accuracy and timeliness of daily and month-end reporting, payroll processing, income audit, accounts payable, accounts receivable, and cash and credit card management.
• Team and Third-Party Management:
• Oversee day-to-day activities of the internal accounting team and third-party managers, including hotel management companies and third-party food & beverage managers.
• Implement appropriate financial controls and ensure consistency in reporting, budgeting, and forecasting processes.
• Reporting and Reconciliation:
• Review and approve all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
• Create and deliver ownership-level reporting that consolidates hotel, food & beverage, and ancillary operations.
• Identify and rectify discrepancies between management and ownership reporting.
• Audit and Compliance:
• Review, evaluate, and document internal controls over accounting transactions.
• Complete internal and external financial audits, coordinating with CPA firms and providing requested information timely.
• Oversee tax compliance and participate in regulatory agency audits.
• Cash Management:
• Oversee cash management, including cash flow projections by property, considering both operating performance and debt service.
• Manage capital expense budgets and reconcile expenditures monthly.
• Oversee debt service covenants and cash management provisions under loan documents, implementing corresponding reporting and forecasting.
• Strategic Financial Support:
• Collaborate with the Asset Management team to drive profitability and identify areas for financial improvement.
• Investigate and critique variances to budget and prior years, providing practical improvement methodologies.
• Participate in the review and preparation of annual budgets and periodic forecasts.
• Tax Management:
• Oversee and assist with U.S. Federal and State income tax filings.
• Participate in processing real estate tax payments and sales & use tax returns.
• Relationship Management:
• Foster strong professional relationships with third-party manager finance teams to ensure accurate and strategic management of performance.
• Additional Responsibilities:
• Handle other duties and special projects as assigned.

Qualifications:

• Minimum of 7-10 years of management-level experience within hotel finance, including food and beverage operations.
• Bachelor’s degree or equivalent in accounting, finance, business, or a related field.
• Public accounting experience and/or CPA designation preferred.
• Substantial managerial/supervisory experience.
• Excellent computer skills, including advanced proficiency in MS Office applications, particularly Excel.
• Experience with MRI and ProfitSword preferred.
• Experience with reading and abstracting loan documents.
• Well-organized with the ability to excel in a dynamic work environment.
• Strong work ethic with the ability to work independently and manage a team.
• Ability to multi-task and manage a challenging workload while consistently meeting deadlines.

Job Type: Full-time

Pay: Up to $215,000.00 per year

Benefits:

• 401(k) matching
• Dental Insurance
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Experience level:

• 7 years

Schedule:

• Monday to Friday

Work Location: In person