Director of Finance
Director of Finance
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Salary Not Disclosed
1 Vacancy
Job Description
The Director of Finance plays a crucial role in overseeing and managing the financial operations of the Red Lion Inn and The Little Lion. This position involves supporting the General Manager and Management Company team in maintaining the financial health of the property by ensuring accurate and timely financial reporting budget and forecast management and compliance with financial regulations. The ideal candidate will have a strong background in finance excellent analytical skills and experience in the hospitality industry.
Essential Duties and Responsibilities:
Maintain compliance with Main Street Hospitality standards and regulations to ensure safe consistent and efficient financial processes at assigned hotels.
Financial Reporting: Review distribution and analysis of consolidated financial statements including income statements balance sheets and cash flow statements. Ensure reports are accurate and delivered on time. The components of each report are generated by the accounting staff.
Budgeting and Forecasting: Contribute to the development and monitoring of the annual budget. Provide monthly rolling financial forecasts and analyses to support strategic planning and decisionmaking.
Audit and Compliance: Support internal and external audits by preparing necessary documentation and addressing audit inquiries. Ensure compliance with financial policies procedures and regulations.
Cost Control: Monitor and analyze operational expenses. Identify opportunities for cost savings and implement strategies to optimize financial performance.
Financial Analysis: Conduct detailed financial analyses to assess performance trends and identify areas for improvement. Provide actionable insights to management. Detailed analysis is expected of labor and other variable costs to help operational leaders flex with variable business volumes.
Other Administration: Facilitate annual license/permit filings; assist ownership in placement/review of insurance policies
Presentation: Assist General Manager with presenting performance results to management company leadership ownership lenders department leaders and other stakeholders.
Other Responsibilities:
Review monthly balance sheet reconciliations prepared by the accounting staff. Balance sheets must have appropriate supporting documentation and narratives to explain the account changes.
Prepare monthly cash flow statements and work with Home Office staff on rolling calendar cash forecasts.
Audit reconcile credit cards; reconcile city ledger accounts on a weekly basis compared to property monthly aging report.
Validate tax calculations in the sales journal and ensure that the taxes posted correspond to the revenues generated for each category; research and reconcile exceptions. File with appropriate agencies.
Alert management of any unusual operation or financial occurrences and/or significant deviations from policies and procedures.
Assist General Manager in training financial literacy to departmental leaders and rising staff.
Manage payment provider relationships (credit card processors/gateway)
Respond to governmental inquiries upon receipt.
Attendance at meetings/training as required by management.
Perform other duties as requested by management.
Education & Experience:
Bachelors degree in Finance Accounting Business Administration or a related field.
At least three to five years general accounting work experience (i.e. chart of accounts maintain general ledger accounts reconciliations monthly closings) in the hospitality industry.
Proficiency in financial software and systems (e.g. Microsoft Office Excel Accounting Software)
Experience with hospitality accounting and business analytics software preferred.
Professional Characteristics:
Work with and understand financial information data and complex arithmetic functions.
Ability to clearly convey information and ideas.
Maintain composure and objectivity under pressure.
Effectively handle problems in the workplace including anticipating preventing identifying and solving problems as necessary.
Work with and understand financial information data and complex arithmetic functions.
Willing to listen understand clarify and resolve the concerns or issues raised by coworkers vendors and hotel staff associates and customers.
Ability to prioritize job functions to meet established deadlines.
Required Experience:
Director
Employment Type
Full-Time
