Director of Finance

About This Role

Directing all financial operations of the hotel, this role ensures accuracy, efficiency, and adherence to financial regulations and standards. The Director of Finance plans, organizes, directs, and controls the financial and control function of the division, reports operational results, and provides financial support to hotel management. This position is pivotal in guiding strategic decision-making and financial planning to drive the hotel’s achievements and profitability.

Responsibilities

• Prepare and review all monthly and annual financial statements
• Investigate, review, and analyze variance explanations, involving department managers in this process
• Identify areas for improvement and execute necessary corrective measures as required
• Manage and lead hotel on and off-site accounting functions to ensure proper fiscal management, timely and accurate reporting, and analysis
• Oversee hotel financial and capital planning, budgeting, month-end financial close, accounting, and cash management
• Lead the development and implementation of a comprehensive annual business plan aligned with business objectives
• Complete the year-end process
• Review and approve all reconciliations and audit work papers
• Coordinate external auditors’ visits, respond to auditor requests, approve all adjustments, reconcile the audited report to the hotel information, and approve the audit
• Ensure adherence to HMA terms and fulfill reporting obligations
• Maintain adherence to policies and procedures to ensure sound internal controls and segregation of duties
• Manage SOX Compliance
• Monitor and keep abreast of industry trends, local legislative changes, and organizational behavior to inform sound business decisions
• Mentor and coach the finance team, providing direction, training, and performance feedback to nurture their professional advancement and growth
• Support the development of future leaders in all areas of the hotel
• Empower employees with financial insights
• Supervise the Information Technology and Procurement function
• Have a sound understanding of the hotel operational and back-office
• Cultivate and support an environment receptive to change
• Collaborate with management to devise and implement strategic initiatives aimed at cost efficiency and revenue generation enhancements to achieve business objectives without compromising core business values and relationships
• Nurture relationships with owners’ representatives and key stakeholders, ensuring timely communication and submission of deliverables
• Embody a growth mindset and embrace change to drive value to stakeholders

Requirements