Amrit Ocean Resort & Residences - Riviera Beach, FL
posted 4 months ago
About the position
The Assistant Director of Finance at Amrit Ocean Resort & Residences plays a crucial role in the financial management of the hotel, ensuring that all financial operations are conducted efficiently and effectively. This position is responsible for providing consistent leadership in the financial area, guiding and training the accounting staff to maintain high standards of financial reporting and compliance. The Assistant Director will focus on the profitability of the business, ensuring accurate and timely financial reporting, and safeguarding the assets of owners and investors. This role requires a proactive approach to monitoring hotel operations, cash flow, and operating forecasts, ensuring that all financial activities align with the hotel's strategic objectives. In this position, the Assistant Director of Finance will assist the Director of Finance in the timely preparation of monthly financial statements, prepare and monitor hotel revenues daily, and identify variances to budget and prior year figures. The role involves maintaining timely interactions with department heads to ensure that property operations are on track and under control. The Assistant Director will also oversee the preparation of monthly bank reconciliations and general ledger account reconciliations, ensuring compliance with Highgate's accounting policies and procedures. Additionally, the Assistant Director of Finance will manage the accounting department staff, ensuring effective communication regarding receivables, payables, and daily cash balances. This position requires a strong analytical mindset to investigate variances and offer practical improvement methodologies to management. The Assistant Director will also be involved in hiring, training, and developing staff, as well as preparing special reports and handling other responsibilities as assigned. This role is essential for maintaining the financial health of the hotel and supporting its overall operational success.
Responsibilities
- Assist Director of Finance in timely preparation of monthly financial statements for the property
- Prepare, monitor, and accurately record hotel revenues daily by preparation of the Income Journal
- Identify all variances to budget and last year
- Monitor and control hotel operations, cash flow and operating forecasts for the property
- Maintain timely interaction with Department Heads to assure that property operations are on track and under control at all times
- Prepare monthly bank reconciliations and general ledger account reconciliations for the property
- Supervise accounting department staff
- Ensure compliance with Highgate Accounting Policies and Procedures and internal controls for finance and accounting operations
- Manage and communicate issues related to management of receivables, payables, daily cash balances, and timely deposits of all funds
- Monitor hotel revenues and expenses and ensure accurate recording in accordance with Highgate Hotel's established guidelines
- Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management
- Analyze financial data and operations to assist Director of Finance and advise Department Heads in maintaining the hotels' financial objectives
- Hire, train, supervise and develop staff, including coaching, counseling and discipline under the supervision of Director of Finance
- Prepare any special reports, statements, etc., as requested
- Handle other special projects and responsibilities as assigned.
Requirements
- Bachelor's Degree, preferably in Accounting
- Strong PC skills including Excel, Word and financial accounting systems
- Strong organizational, analytical, verbal and written communication skills
- Hospitality related financial management and accounting experience desirable
- Ability to work long hours when required.
