Director of Finance
Director of Finance
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Job Description
Director of Finance Tempe AZ
Our wellknown fastgrowth client is an East Coastbased Hotel Management Firm highly successful and growing its portfolio past 140 hotels is seeking a new onproperty fullserviceDirector of Finance (DOF)for a luxury highend fullservice property located in downtown Tempe.
This is a large branded 250 room hotel with many attractive amenities. This position is fully onsite five days a week and salary will go to $145k depending on proper experience.
Responsibilities:
- Effectively manage and communicate cash flow related issues as required to management and ownership.
- Accurate and timely preparation of cashflow statements management of receivables cash balances control mechanisms and timely deposits of all funds.
- Monitor hotel revenues and expenses and ensure the accurate recording in accordance with established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
- Monitor the capital planning process by assisting management with calculation of return on capital improvements gathering support and monitoring the bid process and evaluating scope of work and specifications.
- Ensure Hotels compliance on all regulatory licenses and permits leases contracts legal agreements and the proper of all operational taxes. Provide assistance to management in enforcing compliance on all these items.
- Coordinate the completion of all forecasts and budgets as required with the full and active participation of EC Team and department managers.
- Analyze financial data and operations in order to assist and advise management in maintaining the Hotels financial objectives.
- Ensure that all balance sheet accounts including bank reconciliations are reconciled on a timely basis.
- Establish and continually audit all internal financial controls including purchasing cash handling disbursements credit extension inventories hotel assets master keys payroll and employee records.
- Direct and/or prepare all financial reports in accordance with requirements meeting various due dates and deadlines:
Month End:
- Review Balance Sheet reconciliations and ensure proper backup exists.
- Ensure that all cashier banks are counted.
- Count the main vault.
- Review Key Financial Controls Checklist to ensure adherence and compliance.
- Review actual numbers to forecast for discrepancies in forecasting to improve accuracy in future months.
- Participate in the monthly Credit Meeting.
- Actively participate complete and review the forecast with Department Heads prior to submission to corporate.
Year End:
- Complete the Internal Control Questionnaire (ICQ) biannually.
- Conduct a surprise payroll audit biannually.
- Actively participate complete and review the annual budget with Department Heads prior to submission.
- Prepare all analysis that may be required by ownership and outside accounting firms.
- Conduct and/or attend and contribute to periodic meetings to maintain favorable working relationships among employees and promote maximum morale productivity and efficiency: Executive Committee Sales & Service Financial Review Departmental Budget & Forecast Credit & Collection Business Review Meeting
- Ensure and monitor that the hotel is in compliance with all report deadlines and due dates and react accordingly.
- Maximize efforts towards productivity identify problem areas and assist in finding and implementing their solutions.
- Approach all encounters with guests and employees in an attentive friendly courteous and serviceoriented manner.
- Maintain regular attendance in compliance with standards as required by scheduling which will vary according to the needs of the hotel.
- Maintain high standards of personal appearance and grooming which include wearing the professional attire and nametag when working.
- Comply at all times with standards and regulations to encourage safe and efficient hotel operations.
Qualifications
- 5 years of experience in hotel RE property accounting or related field
- ADOF/DOF training required
- Four 4 year college degree is preferred
- Fullservice hotel finance leadership required
- Independent hotel training preferred
- Strong PMS/property systems preferred
- Strong MS Excel skills are essential
- M3 or ProfitSword systems preferred
- Management skills
- Sense of ownership an operational knack for success and an eye for numbers
For immediate consideration please send resume to
IND123Required Experience:
Director
Employment Type
Full Time
