Director, Finance and Business Support

About the position

This position is responsible for the overall financial management of the Hotel including financial reporting, budget and forecasts preparation, as well as the development and maintenance of adequate internal accounting control policies and procedures to ensure compliance with generally accepted accounting principles or international financial reporting standards. The Director of Finance & Business Support will oversee the daily operations of the Finance department, direct and coordinate hotel financial planning and budget management functions, and ensure compliance with local, state, and federal budgetary reporting requirements. This role also involves significant interaction with various stakeholders, including department heads, government bodies, and financial agencies.

Responsibilities

• Oversee the daily operations of the Finance department
• Direct and coordinate hotel financial planning and budget management functions
• Monitor and analyze monthly operating results against budget
• Direct and coordinate debt financing and debt service payments with external agencies
• Prepare annual reports of actual revenues, transfers, and expenses
• Analyze financial outlooks and prepare financial forecasts
• Prepare financial analysis for contract negotiations and product investment decisions
• Ensure compliance with local, state, and federal budgetary reporting requirements
• Establish and implement short- and long-range departmental goals, objectives, policies and operating procedures
• Maintain an organizational structure and staffing to effectively accomplish the department's goals and objectives
• Serve as primary legislative liaison relative to company financial issues
• Direct financial audits and provide recommendations for procedural improvements
• Conduct regular checks on procedures for purchasing, receiving, storing, issuing, food preparing and portioning
• Interview, select and recruit direct reports
• Identify and develop team members with potential
• Conduct performance review and manage performance issues that arise within the management team
• Constantly monitor team members performance, attitude and degree of professionalism
• Work with Talent & Culture function to ensure appropriate hiring, training, motivating, coaching, counseling and development of team members according to the changing needs of the business
• Conduct monthly departmental meetings to provide information to team members, obtain their feedback, rectify issues and provide a regular forum for department communication
• Attend all briefings, meetings and trainings as assigned by management
• Maintain a high standard of personal appearance and hygiene at all times
• Be aware of the hotel fire & life safety/emergency procedures
• Perform other reasonable duties assigned by the Management

Requirements

• Accounting Designation, Bachelor's or master's degree in Business, Finance, or a relevant field of work, or an equivalent combination of education and work-related experience. CPA or MBA preferred
• 10+ years progressive work-related experience in multiple areas of accounting and/or capital projects management and reporting, financial and/or business analysis, accounting, merger/acquisition analysis, or a related area
• 5 to 7 years managing teams and/or significant complex projects
• 5+ years Director of Finance experience at a property with over $50m in annual revenue
• Opening or repositioning experience
• Experience in a union environment

Nice-to-haves

• Demonstrated ability to assess and understand a variety of internal and external economic and financial issues which impact the business
• Strong communication skills, both verbal and written to address all levels within the organization
• Demonstrated experience with accounting system or similar financial software for the purpose of financial reporting, analysis, and presentation
• Demonstrated knowledge of finance, budgeting, and accounting processes and regulations