Director of Finance

$175,000 - $175,000/Yr

Unclassified - Redwood City, CA

Full-time - Senior

Redwood City, CA

About the position

The beautiful Grand Bay Hotel San Francisco is seeking an experienced leader to fill the position of Director of Finance. Crescent Hotels and Resorts is the industry leader in hotel management and we proudly offer robust compensation and benefits packages along with a career path for our associates which celebrates their success. Crescent was started with a deep belief in our people, encouraging them to apply their energy, passion, and unique abilities to make our hotels run remarkably. Our guests benefit from what each associate does as a part of this shared vision. We live the belief that we are successful because of our associates and that every role is important. As you grow, so does Crescent. We value you and what you do. We manage properties of every size and major brand across North America. Our goal is to hire the best people and prove that we are the only place you will ever want to work. Join us on that journey and explore the opportunities with us. The Director of Finance is responsible for providing ethical and consistent leadership in the financial area of the hotel by supplying management with guidance, training, support and is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal controls, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets. This role involves evaluating the financial impact on business decisions, ensuring that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel, and effectively managing and communicating cash flow related issues. The Director will monitor hotel revenues and expenses, ensure accurate recording in accordance with established guidelines, investigate variances to budget or prior year, and offer practical improvement strategies to management. Additionally, the role includes monitoring the capital planning process, ensuring compliance on all regulatory licenses and permits, coordinating the completion of forecasts and budgets, analyzing financial data, and ensuring timely reconciliation of balance sheet accounts. The Director will also focus on hiring and developing finance associates, maintaining compliance with standards and regulations, and ensuring proper utilization of IT systems and equipment. This position requires a proactive approach to financial management and a commitment to the continuous growth of the hotel’s financial objectives.

Responsibilities

• Evaluate the financial impact on business decisions.
• Ensure that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.
• Effectively manage and communicate cash flow related issues, including preparation of cash-flow statements and management of receivables.
• Monitor hotel revenues and expenses and ensure accurate recording in accordance with established guidelines.
• Investigate and critique variances to budget or prior year and offer practical improvement strategies to management.
• Monitor the capital planning process and assist management with calculations of return on capital improvements.
• Ensure compliance on all regulatory licenses and permits, leases, contracts, and legal agreements.
• Coordinate the completion of all forecasts and budgets with the management team.
• Analyze financial data and operations to assist and advise management in maintaining financial objectives.
• Ensure timely reconciliation of all balance sheet accounts, including bank reconciliations.
• Establish and audit all internal financial controls including purchasing, cash handling, and payroll.
• Hire, train, supervise, and develop finance staff, including coaching and counseling.
• Maintain compliance with Crescent Hotels and Resorts standards and regulations.
• Ensure proper utilization and maintenance of all IT systems and equipment.
• Direct and prepare all financial reports in accordance with CHR requirements.
• Review and submit a Daily Revenue Report and ensure timely deposit of all cash and transmission of Credit Cards.
• Review Labor Report for overtime and any variance to Forecast.
• Distribute and discuss weekly G/L report with department managers.
• Update GM on any unfavorable financial issues impacting the month.
• Ensure sufficient cash to meet all scheduled obligations.
• Reconcile Balance Sheet with proper backup and ensure all banks are counted.

Requirements

• A minimum of 5 years of experience in Hotel Accounting in a similar position.
• College Degree in Accounting.
• Excellent computer skills.
• Strong verbal and written communication skills.
• Excellent leadership skills.

Benefits

• Robust compensation and benefits packages
• Career path opportunities
• Training and development programs for finance associates