Asst. Director of Finance

$80,000 - $85,000/Yr

Highgate Hotels - Los Angeles, CA

Full-time - Mid Level

Los Angeles, CA

Administrative and Support Services

About the position

The Assistant Director of Finance plays a crucial role in the financial management of the hotel, providing leadership and guidance to the accounting staff. This position focuses on profitability, accurate financial reporting, compliance with regulations, and safeguarding the assets of owners and investors. The role involves close collaboration with department heads to ensure operational efficiency and financial accuracy.

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 the 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.

Benefits

• Competitive salary range of $80,000-$85,000 per year.