Director of Finance

About This Role

Directing the financial operations of a luxury hotel, ensuring profitability, accurate financial reporting, and strong internal controls, is the core of this role. The Director of Finance safeguards assets and ensures compliance with regulations and company procedures. This career-defining opportunity is for an elite leader to set global standards for luxury hospitality in San Francisco.

Responsibilities

• Effectively manage and communicate cash flow-related issues, including accurate and timely preparation of monthly financial statements
• Monitor hotel revenues and expenses, ensuring accurate recording in accordance with established guidelines
• Create annual budgets and monthly variance analysis, investigating and critiquing variances and offering improvement methodologies
• Ensure hotel compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and proper execution of all operational taxes
• Analyze financial data and operations to assist and advise management in maintaining the hotel's financial objectives
• Comply with Standard Accounting policies and procedures and internal controls for finance and accounting operations
• Timely review and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations
• Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records
• Successfully complete all internal and external financial audits, including coordination of work with CPA firms and delivering requested information on a timely basis
• Hire, train, supervise, and develop staff, including coaching, counseling, and discipline
• Maintain compliance with Highgate Hotels' standards and regulations to ensure safe and efficient operation of the hotel
• Direct or prepare all financial reports in accordance with Highgate Hotels' requirements, meeting various due dates and deadlines, including:
• Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates
• Monthly: Financial Statements, Forecasting Key Statistics Report, Cash Flow
• Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
• Timely interact with Executive Committee members to assure that property operations are on track and under control at all times
• Monitor hotel compliance in meeting required report deadlines and due dates and react accordingly
• Monitor the accurate production of the hotel daily operating report
• Execute other special projects and responsibilities as assigned

Requirements

• At least 5 or more years of Hospitality Finance/Accounting experience