Director of Finance

The Director of Finance is responsible for overseeing all financial aspects of the hotel, including accounting, budgeting, financial reporting, and tax compliance. This role requires a strong understanding of financial principles, excellent analytical skills, and the ability to manage a team of accounting professionals.

Responsibilities

• Financial Reporting:
• Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
• Analyze financial performance and provide insightful reports to management.
• Ensure compliance with Generally Accepted Accounting Principles (GAAP).
• Budgeting and Forecasting:
• Develop annual budgets and forecasts for revenue, expenses, and cash flow.
• Monitor actual performance against budget and forecast, and take corrective action as needed.
• Analyze variances and provide explanations to management.
• Accounting Operations:
• Oversee the day-to-day accounting operations, including accounts payable, accounts receivable, and general ledger.
• Ensure accurate and timely recording of transactions.
• Implement and maintain effective internal controls to safeguard assets and ensure accuracy.
• Tax Compliance:
• Ensure compliance with all federal, state, and local tax laws and regulations.
• Prepare and file tax returns in a timely manner.
• Team Management:
• Recruit, hire, and train accounting staff.
• Provide leadership and guidance to the accounting team.
• Evaluate staff performance and provide feedback and coaching.
• System Implementation and Maintenance:
• Implement and maintain accounting software and systems.
• Stay up-to-date on industry trends and best practices.

Qualifications

• Bachelor's degree in Accounting or Finance.
• CPA certification preferred.
• Minimum of 5 years of experience in hotel accounting or a related field.
• Strong understanding of GAAP and tax laws.
• Excellent analytical and problem-solving skills.
• Proficiency in accounting software and systems.
• Strong leadership and management skills.
• Excellent communication and interpersonal skills.
• Ability to work under pressure and meet deadlines.

Additional Considerations

• Industry Experience: Experience in the hospitality industry is highly preferred.
• Systems Proficiency: Knowledge of hotel property management systems (PMS) and point-of-sale (POS) systems is beneficial.
• Analytical Skills: The ability to analyze complex financial data and identify trends is crucial.
• Attention to Detail: Accurate and precise work is essential in this role.
• Problem-Solving Skills: The ability to identify and resolve financial issues is required.