Task Force Director of Finance

$95,000 - $115,000/Yr

HEI Hotels & Resorts - Norwalk, CT

Full-time - Mid Level

Norwalk, CT

Accommodation

About the position

The Task Force Director of Finance at HEI Hotels and Resorts plays a crucial role in overseeing the financial operations of assigned hotel assets. This position is responsible for the day-to-day accounting functions, ensuring forecasting accuracy, and managing the budgeting processes. The Director is accountable for the month-end close process, balance sheet reconciliations, and the overall control environment of each hotel under their purview. Additionally, this role involves the successful onboarding and implementation of HEI initiatives and directives at newly managed hotels, as well as stepping in to fill management gaps as needed. In this capacity, the Director will supervise and direct all financial activities of the hotel, safeguarding assets and preparing comprehensive financial reports in accordance with generally accepted accounting principles and HEI standards. The role requires active participation in executive committee meetings, providing special financial analyses as requested, and assisting other managers in interpreting financial data. The Director will also be responsible for maintaining effective cash control systems, reviewing security over assets, and ensuring compliance with all relevant laws and regulations. The position demands a proactive approach to budget preparation, capital expenditure control, and financial objectives, including the management of accounts receivable. The Director will need to maintain appropriate standards for account collections, document local credit policies, and conduct credit meetings as necessary. Furthermore, the role involves reconciling asset and liability accounts, establishing balances in accruals, and working closely with department managers to control inventory balances. Overall, the Task Force Director of Finance is expected to lead the financial department effectively, ensuring compliance with corporate policies while fostering a collaborative and productive work environment.

Responsibilities

• Oversee day-to-day accounting and financial operations of assigned HEI assets.
• Accountable for month-end close process and balance sheet reconciliation.
• Implement HEI initiatives and directives at newly managed hotels.
• Supervise financial activities and safeguard hotel assets.
• Prepare financial reports in accordance with GAAP and HEI standards.
• Participate in executive committee and staff meetings.
• Assist managers in analyzing financial statements and data.
• Maintain effective cash control systems and conduct audits.
• Review security over assets and auditing inventories.
• Coordinate preparation and presentation of annual operating budget.
• Control capital expenditure program and complete ROI analysis.
• Inform management of current and potential financial problems.
• Maintain standards for accounts receivable and credit policies.
• Complete financial reports and requests from HEI Corporate offices.
• Reconcile account balances and establish accruals and pre-paid accounts.
• Manage department staff and maintain job descriptions.

Requirements

• B.S. in Accounting or Hotel Management.
• 3+ years experience in Hotel or Hospitality related Finance and Accounting.
• Strong analytical skills with attention to detail and accuracy.
• Assertive personality with a professional demeanor.
• Effective verbal and written communication skills.
• Experience in the hotel or service industry, preferably in a multi-unit capacity.
• Ability to manage multiple and complex projects successfully.
• Flexibility to adapt to changing business needs.

Nice-to-haves

• Experience with financial analysis and reporting in a hospitality context.
• Familiarity with city, county, and state sales tax laws.
• Knowledge of internal audit processes and compliance standards.

Benefits

• Competitive Medical and Dental programs through Anthem Blue Cross Blue Shield.
• Vision insurance programs through EyeMed.
• Vacation, Sick, and Holiday programs for time off.
• Supplemental, Spousal, and Child Life insurance options.
• Short and Long-Term Disability plans.
• 401(k) Savings Plan with matching funds.
• Discounts through 'YouDecide' and Hotel Room Discount programs.