Director of Finance
Reports to: General Manager
Job Summary
The Director of Finance is responsible for providing consistent leadership in the financial area of the hotel by focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels on internal control; ensuring compliance with all federal, state, and local regulations and Otesaga's Standard Operating Procedures; and safeguarding owners assets.
Essential Duties & Responsibilities
To successfully perform this job, an individual must perform each essential duty listed below. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of this job.
- Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of monthly financial statements for the property: cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.
- Monitor hotel revenues and expenses and ensure the accurate recording in accordance with The Otesaga’s established guidelines. Monitors and controls Hotel's cash flow and operating forecast.
- Creates annual budgets and monthly variance analysis. Investigates and critiques variances to budget or to prior year and offer practical improvement methodologies to management.
- Ensure hotels' compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items.
- Analyze financial data and operations in order to assist and advise management in maintaining the hotels' financial objectives.
- Complies with Standard Accounting policies and procedures and internal controls for finance and accounting operations
- Timely reviews 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.
- Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.
- Hire, train, supervise and develop staff, including coaching, counseling, and discipline.
- Maintain compliance with Otesaga standards and regulations to ensure safe and efficient operation of the hotel.
- Directs or prepares all financial reports in accordance with The Otesagas’ requirements, meeting various due dates and deadlines, i.e:
- Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates
- Monthly: Financial Statements, Forecasting KeyStatistics Report, Cash Flow
- Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
- Timely interacts with Executive Committee members to assure that property operations are always on track and under control.
- Monitor resorts' compliance in meeting required report deadlines and due dates and react accordingly.
- Monitor the accurate production of the hotel daily operating report.
- Executes other special projects and responsibilities as assigned.
Work Experience & Education Requirements
- At least 5 or more years of Hospitality Finance/Accounting experience.
- Prior Controller or Director of Finance experience preferred
- Excellent verbal and written communication skills.
- Bachelor's degree required preferably in Finance or Accounting.
- Must supervise 2 or more employees
- Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems.
Physical Requirements:
These physical requirements for this position may be accomplished with or without reasonable accommodations.
While performing the duties of this job, the employee is regularly required to stand, and/or move for extended periods of time (approximately 8 to 10 hours), twist at the neck and trunk, bend at the waist and stoop, kneel, or crouch. The employee is frequently required to reach with hands and arms. Employees will frequently use hands to handle objects and tools and operate service equipment and computers. The employee will also frequently ascend and descend stairs. Vision abilities required by this job include close vision and color vision.
Work Conditions:
The position will require you to work morning, evening, overnight, weekend, and holiday hours. While performing the duties of this job, the employee generally works in an indoor environment. The noise level in the work environment is usually low but may be moderate dependent on specific work site and/or equipment operation. The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description should not be interpreted as all-inclusive; it is intended to identify major responsibilities and requirements of the job. The employee in this position may be requested to perform other job-related tasks and responsibilities than those stated above.
Salary Range: $100,000 to $120,000
