Director of Finance

Overview

The Director of Finance provides leadership and direction to the entire Finance team while ensuring the long-term financial health and growth of the hotel. The ideal candidate has strong food & beverage experience as well as hotel experience.

Responsibilities

Finance Operations

Direct and administer all financial operations of the hotel to include, but not limited to, asset protection, financial reporting, systems management, hotel-wide budget and forecasting, department management, and meeting participation and facilitation.

Ensure compliance with all Generally Accepted Accounting Principles (GAAP)

Oversee all aspects of accounts receivable, credit, accounts payable, income audit, payroll, cash handling, cash control, purchasing and receiving.

Monitor and approve all sales, purchases, salaries and expenses of the hotel

Assist and counsel department heads in the interpretation and analysis of financial data, recommending courses of action to maximize hotel profitability

Serve as financial advisor to hotel management and ownership

Weekly + Monthly tasks

Responsible for weekly cash flow forecast/planning, determine weekly check run

Oversee preparation of monthly financial reporting package including financial statement, balance sheet, and cash flow.

Reconcile monthly billings and receivables with the hotel accounting team

Reconcile balance sheet

Prepare monthly state and city sales tax

Record monthly accruals

Lead monthly P & L reviews and forecast meetings with the management team and ownership

Allocation of expenses amongst F&B outlets

Review inventory

Prepare Monthly Financial package

P&L Consolidated

P&L Detail by Outlet

Revenue analysis

Balance sheet

Forecast

Exec Summary

Projects & Ad hoc:

Prepare annual plan, projections and budgets

Financial control implementation

Review and update payroll allocations

ROI analysis

Contract review

External audits for worker’s compensation, sales tax, other insurance

Year-end audit/tax